2021-M01 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 M01, Credebt Exchange® held Active RSA of EUR 18.38m, with EUR 27.02m fully allocated. Investors net redemptions were EUR 0.15m in the period with trading of EUR 4.42m+ and all ETR utilised.

Treasury collections at EUR 8.38m of settled ETR were almost double that of Trading. Not unusual for January but overall lower trading levels certainly impacted this result.

Performance 2020-M01 v 2021-M01 disappointing beginning to the year with trade value down 62.42%. Slow, sleepy start to the Year with a c.30.00% drop in Trade volumes too. Overall poor start to 2021, particularly after the strong ending recorded in 2020. Investors’ withdrawals of c.EUR 0.15m are in line with prior years. The Credebt® Index remains at 96 and below that of 2019 too. Total credebtors was c.6.2k+ and the largest single trade finance deal was EUR 0.23m.

Trend Yield remains below its ‘ceiling’ of c.1.900%. It ended at c.1.858%, dipping just below 1.820% earlier in the month. 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 18.38m+

2021-M01 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