Credebt Exchange® completed its third full year’s trading on Monday, 2015-07-04 and continues to accelerate its growth and success. Ongoing, continued, careful, prudent management of supply and demand enabled the Exchange to manage an orderly market whilst meeting both Originator and Investor expectations as published. From the outset, the board and management of Credebt Exchange® continued its principal aims of of ensuring Investor funds are protected at all times and that Investors’ yield is delivered. Coupled with this core objective, the Exchange also ensured that trade finance was delivered to Originators at an equitable rate.
Building on this continued success, further multiple management roles were added and filled with overall staffing levels increasing by 200%+ in the first half of 2016. The board that was formally appointed in Q2 of 2015 meets regularly to oversee the business, ensure its governance is prudent and that risk is adequately managed and mitigated. The board appointments were not officially published by the company although several newspapers have commented on the arrival of Colm Doherty and Christopher McCann. To ensure open communication and transparency, Treasury now reports directly to the board without any executive management input. This is specifically designed to ensure proper and adequate controls remain at the centre of Exchange policy and practices.
As can be seen from the 2016-Q2 Briefing, demand and supply quarter-on-quarter growth rates are in excess of 50%+. Intermediaries demonstrated continued support for Credebt Exchange® with increased Investor funding combined with many Investors deciding to re-invest both their principal and yield for a fourth year. New Intermediary appointments are expected to be 150%+ of those in 2015.
Originators continue to seek out Credebt Exchange® Convertibill® handsfree finance specifically because of its ease of use and swift execution service provision. During 2016-H1 Originators from wide and diverse industry cross-sections continued to join the Exchange with continued particular interest from retail, medical, services and import oriented businesses. During the Summer months, it is expected that Originators will increase by another 60%+ with a total of 100% growth in new Originators expected before year-end.
Credebt Exchange® continues to demonstrated its flexibility and capability and looks forward to strong expansion during its fourth year of trading.