2018-M11 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 M11, Credebt Exchange® held Active RSA of EUR 89.30m, with EUR 21.45m allocated. Investors redeemed EUR 0.25m in the period and trading for M11 was EUR 9.17m+ with all available ETR were utilised.

Treasury performance at EUR 8.41m of settled ETR was in line with the trade value for the month. Stabilised trading during the month roughly equalled demand and repayments.

Performance 2018-M11 v 2017-M11 continues its significant increase in trade volume of 50.44% with a return to significant improvement in the trade value of 19.57%, year-on-year. Year to date trade of EUR 111.65m improved overall growth for the Exchange by 26.27%. Trading returned to moderate, or strong, growth for the year. Total creditors & debtors were c.4.9k. Highest single value trade was EUR 0.21m. Total trade for the Year is expected to be c.EUR125.00+

Trend Yield remained stable for the period at 2.077% to 2.129% in the month. This narrow spread continues to be driven by the stabilised supply v demand as the year comes to an end. The Branch Network initiative has appointed to Local Branches with some new opening announcements expected in 2019. Available Active RPA capacity was EUR 89.30m+

2018-M11 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