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When reviewing individual Credebt Exchange Statements (i.e. Exchange transaction statements for individual Debtors that are access from the Exchange Trade Centre | Transaction Statement), you will notice that some items in the Reference column show a specific letter and number beside each trade. These symbols are:
- A-Trades – Allocated Trades
- R-Trades – Reconciled Trades
- C-Trades – Cleared Trades
Any Trade without a specific letter and number beside it means that Trade has occurred and is not yet Settled, i.e. no payment has been received that pays the Face Value of the ETR in full.
All payments received on a Debtor’s account appear on the Debtor’s Exchange statement and are numbered in sequence, i.e. the first payment number is 1, the second is 2, etc. Trades with an A – and number beside them mean that a payment (with the same corresponding number) has been received but is not yet reconciled. For example, A1 – 98765 means that the first payment received on this Debtor account has been allocated to invoice reference 98765.
Trades with an R – and number beside them mean that a payment has been received and it has been reconciled too. For example, R1 – 98765 means that the first payment received on this Debtor account has been reconciled to invoice reference 98765.
Trades with a C – and number beside them means that a payment has been received, is reconciled and also that the Reserve has been paid to the Originator. For example, C1 – 98765 means that the first payment received on this Debtor account has been reconciled to invoice reference 98765 and the Reserve amount has been paid to the Originator. This concludes the entire life-cycle of the specific ETR.