2020-M12 ETR Briefing

Investabill ETR® are fixed value Exchange Traded Receivables that are leases, monetary obligations or Bills issued under Contract for assets, goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at M12, Credebt Exchange® held Active RSA of EUR 18.20m, with EUR 32.38m fully allocated. Investors net redemptions were EUR 0.92m in the period with trading of EUR 7.10m+ and all ETR utilised.

Treasury collections at EUR 9.91m of settled ETR were significantly above that of Trading. Partly as a result of the lower trading levels in M011 and seasonally typical for Y/E.

Performance 2020-Y/E v 2019-Y/E trade value was 56.36% higher at c.EUR 157.95m to Y/E. Continued international trade finance deals support this business sector as it develops into 2021. Trade volumes were also 11.45% higher than the 2019 year’s results. Investors withdrawals of c.EUR 0.91m were higher than usual. The Credebt® Index decreased to 96 and remains below that of 2019. Total credebtors was c.6.2k+ and the largest single trade finance deal was EUR 0.41m.

Trend Yield remains below its ‘ceiling’ of c1.900%. It ended at c.1.830%, dipping just below 1.800% mid-month. However, with bank deposits’ negative yields of c.1.000%, it remains c.2.250% to the positive for Investors for the near to short-term. To boost Investor returns, a 2-Year Leasabill® at 2.750% will open in 2021-H1. Total RSA was EUR 18.20m+

2020-M12 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