2017-M09 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables that are Loans or Bills issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at M09, Credebt Exchange® held RSA of EUR 227.7m, with EUR 16.33m allocated. EUR 0.13m of Investor redemptions were transacted. Trading for M09 totalled EUR 9.86m+ of trade, with all available ETR utilised.

Treasury performance at EUR 4.91m of settled ETR was below the trade volumes for the month. This is an line with increased value in trade and is expected to continue.

Performance 2017-M09 v 2016-M09 trade value in the period showed a 38.54% increase. This is below the average annual growth rate of 70.00%+. 2017-M09 trade volumes were down by -23.73% on 2016-M09. Total creditors & debtors increased to c.3,700 in the month with total trade of EUR 9.86m. Highest single value trade was EUR 0.20m. Total RSA in the month also increased 0.75% to EUR 227.7m+

Trend Yield fluctuated between 2.013% and 2.113% in the month. Originator demand is expected to increase again in Q4 and prices were expected to rise in M10/M11. If this increase in supply continues, it will be the second rise in this Year. Current RPA capacity available for use in 2017 is EUR 227.7m+

2017-M09 ETR Briefing

† Investment quality is a combination of Investment Grade [IG] organisations & other credit worthy organisations, as determined by AIG and other credit rating providers, from time to time