Credebt Exchange completed its second full year’s trading on Friday last, 2015-07-03 and continues to prosper. 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 management of Credebt Exchange stuck to its principal aims of… Continue reading Year-2 Success Continues
Category: Blog
2015-Q2 ETR Briefing
Investabills are fixed value Exchange Traded Receivables [ETR], 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 Q2, Credebt Exchange held RSA of EUR 54.3m+, with EUR 9.9m allocated and EUR 0.63m Investor redemptions requested. 2-Years… Continue reading 2015-Q2 ETR Briefing
2015-Q1 ETR Briefing
Exchange Traded Receivables [ETR], are Loans or Bills, the “Investabills”, issued under Contract and such Investabills are payable by investment quality† companies, or credit insured Investabills from Investment Grade [IG] insurers. As at Q1, Credebt Exchange held RSA of EUR 36.1m, with EUR 6.5m allocated and EUR 0.2m Investor redemptions requested. The full spectrum of… Continue reading 2015-Q1 ETR Briefing
Credebt Exchange
Since its foundation in 2011, Credebt Exchange® has been purchasing invoices on a revolving basis from Originators that are members of the Exchange. These invoice, or Exchange Traded Receivables [ETR], are payable by the Originators’ customers, or Debtors. Effective 16 January 2015, Credebt Exchange Limited, with company registration number IE501210, officially changed its name to… Continue reading Credebt Exchange
2014-Q4 ETR Briefing
Exchange Traded Receivables [ETR], are Loans or Bills, the “Investabills”, issued under Contract and such Investabills are payable by investment quality† companies, or credit insured Investabills from Investment Grade [IG] insurers. As at Q4, Credebt Exchange® held RSA of EUR 23.6m, with EUR 5.6m allocated and EUR 0.2m Investor redemptions requested. The full spectrum of… Continue reading 2014-Q4 ETR Briefing
2014-Q3 ETR Briefing
Exchange Traded Receivables [ETR], are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q3, Credebt Exchange® held RSA of €21.8m, with €5.5m allocated and €0.6m Investor redemptions requested in the quarter. The full spectrum of available ETR was utilised.… Continue reading 2014-Q3 ETR Briefing
Irish Times Investor Article
2014-09-23 Irish Times – Investors can capitalise on companies’ need for cash Options for decent returns on investments are thin on the ground. Buying invoices is becoming more attractive. Getting a risk-free return may never have been more difficult for investors. Read more… Fiona Reddan ©Irish Times 2014 Read on Irish Times website
Barclays Bank appointed
Today, after of four months preparation, Barclays Bank will act as the corporate bankers to Credebt Exchange®…
100+ Retail Investors
Today the Exchange received funds from it’s one hundreth Retail Investor. In just twelve months since the first RSA/RPA Trade was executed, achieving 100+ Retail Investors demonstrates a strong appetite from the retail investment community for strong, short term cash-equivalents such as ETR….
2014-Q2 ETR Briefing
Exchange Traded Receivables [ETR], are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q2, Credebt Exchange® held RSA of €19.6m, with €4.7m allocated and €0.5m Investor redemptions requested in the quarter. The full spectrum of available ETR was utilised.… Continue reading 2014-Q2 ETR Briefing
Year-1 Success
Credebt Exchange® completed its first full year’s trading today and has much to celebrate. 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 management of Credebt Exchange® stuck to its principal aims of of ensuring Investor… Continue reading Year-1 Success
Non-Bank Finance
Since mid-2013, more than €10.0m of working capital has been provided to the numerous Irish micro-medium sized businesses trading on Credebt Exchange®. Instead of using traditional lenders, savvy business owners choose to sell their invoices on Credebt Exchange® because it is more convenient, straightforward and less costly. Dealing with traditional lenders like banks, factoring or… Continue reading Non-Bank Finance
2014-Q1 ETR Briefing
Exchange Traded Receivables [ETR], are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q1, Credebt Exchange® held RPA of €5.2m, with €3.2m allocated and €1.0m Investor redemptions requested in the quarter. The full spectrum of available ETR was utilised.… Continue reading 2014-Q1 ETR Briefing
4. Notice of Intent [NoI]
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre All Debtors that are submitted using the ‘Create new Debtor‘ menu item are subject to approval by the Credebt Exchange® Back Office. IMPORTANT NOTE:-Originators should allow 72-hours for every Debtor approval to occur. At… Continue reading 4. Notice of Intent [NoI]
A-, R- & C-Trades
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre 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… Continue reading A-, R- & C-Trades
Expected Date Affects Reserve
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre When using Upload Revolving ETR (or opening any Trade), the date entered in the Expected Date is very important and should be clearly understood. The Exchange calculates the daily Discount using the payment date… Continue reading Expected Date Affects Reserve
5. Upload Revolving ETR
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Invoices submitted using the Upload Revolving ETR interface must be in PDF format only. Depending on your accounting system, it should be possible to export invoices into PDF format and users of the latest… Continue reading 5. Upload Revolving ETR
4. Open a Trade
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre As explained in the previous article: 3. Create new Debtor, you must have at least one authorised Debtor on the system before you can proceed to this step and Open a Trade. Before being… Continue reading 4. Open a Trade
3. Create new Debtor
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre If there is more than one user on your Originator account, it is possible that these other users have added Debtors to the account. Before using the ‘Create new Debtor’ menu item, you should… Continue reading 3. Create new Debtor
2. Add new Currency
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre As explained in the previous article: 1. Base Currency, the country of registration determines the base currency that the Originator trades in. To add another currency, the Originator logs into the Exchange Trade Centre… Continue reading 2. Add new Currency
R-Trade Reconciliation
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre As an experienced user of the Exchange, you will now understand the importance of the R-Trade. Before any Reserve is paid on any Debtor account, it must first be reconciled to show R-Trades that… Continue reading R-Trade Reconciliation
1. Base Currency
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre To become an Originator on Credebt Exchange®, the Originator enters their organisation details, contact information and other data about their operations. As part of this setup process, the Originator enters the organisation details and… Continue reading 1. Base Currency
Revolving ETR Trades
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre If you are a new user of the Exchange, it is recommended that you read the comprehensive Originator Trading Instructions. As an experienced user, there are two simple steps to complete to successfully upload… Continue reading Revolving ETR Trades
Special Extended Credit Terms
Before beginning to monitor WADSO, some customers should be classified as Special Extended Credit Terms [SECT]. This means that the specific Debtor has been offered an extended credit terms but this is only be permitted by the Manager that oversees collections. The Collections Manager should think about the business needs of the company before deciding to classify… Continue reading Special Extended Credit Terms
Specific Allocations & Balances
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Before reading this article, it is important that you download and read the Originator Transaction Manual. To use some of the links provided in this article, you should also login to the Originator Exchange… Continue reading Specific Allocations & Balances
Specific Allocations & Balances
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Before reading this article, it is important that you download and read the Originator Transaction Manual. To use some of the links provided in this article, you should also login to the Originator Exchange Trade… Continue reading Specific Allocations & Balances
Payment Reversal
Any request for a reversal of any payment received by a Debtor that is paid into the Credebt Exchange® Account Bank must be submitted in writing on official headed paper from the Originator. This can be submitted via email to the Trade Desk, however it is more efficient to use the Transaction Update facility, accessible… Continue reading Payment Reversal
ETR Save, Submit & Send
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Once all the details of an ETR trade are entered correctly, the Originator has the option to: Save Submit & Automatic Send Submit & Manual Send It is important to understand the function of… Continue reading ETR Save, Submit & Send
ETR Save, Submit & Send
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Once all the details of an ETR trade are entered correctly, the Originator has the option to: Save Submit & Automatic Send Submit & Manual Send It is important to understand the function of each… Continue reading ETR Save, Submit & Send
The Importance of Time
When it comes to credit control and working capital, time is critical. More often than not, days and weeks are allowed to pass without actions being taken to get results. As you’ll see in the other articles in this Smart Cash Flow Programme, there are very simple ways to use time more effectively and reduce… Continue reading The Importance of Time
Calculate Working Capital
If a company takes all of its short-term assets (e.g. cash in the bank, receivables invoices, stock, etc) and pays all its short-term liabilities (e.g. suppliers, staff, etc) the remaining balance is their working capital position. If the working capital position is positive, it is more than likely that the company is adequately capitalised and is self sufficient. If… Continue reading Calculate Working Capital
Institutional Roadshow III Begins
Today Credebt Exchange® completed its initial Institutional Investor Roadshow in London. From an initial panel of six UK banks, presentations were made to three. The primary focus of the presentation was on risk and controls. Initial reaction was positive with offers from two of the three banks expected before…
Weighted Average DSO [WADSO]
As explained in the Day Sales Outstanding [DSO] article, there are only two technical terms we refer to in the programme DSO (pronounced D-S-O or D-SO) and WADSO (pronounced WAD-SO). Once you’ve read and understand how DSO is calculated, WADSO is the tool that measures performance i.e. how effective your cash collections are. WADSO is short for Weighted Average Day… Continue reading Weighted Average DSO [WADSO]
Cash Balance Policy
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Reconciled receipts occur automatically when a payment is received that has the exact same value as the Face Value of a single Traded ETR. The Reserve paid to the Originator is calculated based on… Continue reading Cash Balance Policy
Payment Policies
In accordance with the Credebt Exchange® Master Agreement, and as defined therein, this is a Credebt Exchange® Document. All Originator and Agent Members of the Exchange are bound by all of the provisions contained in this Document. THIS IS AN IMPORTANT DOCUMENT AND IT SHOULD BE READ CAREFULLY TO ENSURE COMPLETE UNDERSTANDING PRIOR TO ACCEPTING… Continue reading Payment Policies
Day Sales Outstanding [DSO]
There are only and two technical terms we refer to in the programme DSO (pronounced D-S-O or D-SO) and WADSO (pronounced WAD-SO). Don’t get distracted with all the other cash/credit control jargon like Collection Effectiveness Index, Transaction Turnover per Cash Applicator, etc. They’re too complicated and aren’t used in this programme. This programme is focused on real results that are… Continue reading Day Sales Outstanding [DSO]
Low Cost Capital
Exchange Overview Credebt Exchange® provides an unrivalled and unique form of Low Cost Capital specifically for organisations in the micro-medium business sector. The Exchange model is substantially different from any other type of traditional working capital/lending model. A summary of the principal differences is highlighted below: Selling model, as opposed to a lending model No… Continue reading Low Cost Capital
The Smart Cash Flow Programme
From 25 years of owning and operating small companies (and some large ones too), one of the hidden costs of doing business has always been our bank charges, fees and, of course: the lending/borrowing interest rate charges. These can be prohibitively expensive so we devised a simple smart cash flow programme to ensure we kept bank fees,… Continue reading The Smart Cash Flow Programme
2013-Q4 ETR Briefing
Exchange Traded Receivables [ETR], are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q4, Credebt Exchange® held RPA of €4.3m, with €2.7m allocated during the quarter. The full spectrum of available ETR was utilised and all currency exposure was… Continue reading 2013-Q4 ETR Briefing
How to use risk to your advantage
As explained in the previous article “It’s all about Risk…” you’ll now understand that larger organisations get preferential treatment from banks. That’s the status quo and isn’t likely to change any time soon. So what can you do to improve the banks perception of your business, so that you achieve ‘next best’ status? The answer… Continue reading How to use risk to your advantage
It’s all about Risk
Once you understand risk, then you’ll begin to understand banks and how banking works. Banks, investors, shareholders, managers, financial markets, brokers and other investment/lending professionals all learn about risk. That’s not to say they necessarily understand risk in all its guises, but they must understand the principal that high risk is bad risk. Think of it like parenting.… Continue reading It’s all about Risk
It's all about Risk
Once you understand risk, then you’ll begin to understand banks and how banking works. Banks, investors, shareholders, managers, financial markets, brokers and other investment/lending professionals all learn about risk. That’s not to say they necessarily understand risk in all its guises, but they must understand the principal that high risk is bad risk. Think of it like parenting.… Continue reading It's all about Risk
Welcome to Credebt Exchange Blog
Credebt Exchange® enables service and goods providers to offer their invoices as Exchange Traded Receivables [ETR] for sale on the Exchange. These ETR are attractive to Investors and when purchased on the Exchange, this provides Alternative Working Capital to the Originator/seller. A key objective for Credebt Exchange® is to achieve rates that are comparable to,… Continue reading Welcome to Credebt Exchange Blog
Trading in Multiple Currencies
There are two ways to trade and sell your invoices/ETR in multiple currencies: Sell in one currency & get Settled (i.e. paid in full by the Debtor) in another Sell & Settle in the same currency Credebt Exchange® operates in multiple currencies but does not offer Foreign Exchange [FX] hedging, or FX swaps. Any… Continue reading Trading in Multiple Currencies
50+ Retail Investors
Today the Exchange received funds from it’s fiftieth Retail Investor. Since the first date of trading on 4 July of his Year (see article: First RSA/RPA Trade Executed), achieving 50 Retail Investors demonstrates a strong appetite amongst the investment community for strong, short term cash-equivalents such as ETR….
3-Step Trading
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre An Originator that has completed their enquiry, received and confirmed their RSA Offer and are an authorised Member of the Exchange, can originate Traded ETR in three simple steps. If you are a new… Continue reading 3-Step Trading
2013-Q3 ETR Briefing
Exchange Traded Receivables [ETR] are invoices issued under Contract for goods and services supplied to investment quality† companies, or credit insured invoices from Investment Grade [IG] insurers. As at Q3, Credebt Exchange® held RPA of €3.2m, with €1.7m contributed during the quarter. The full spectrum of available ETR was utilised and all currency exposure was… Continue reading 2013-Q3 ETR Briefing
Notice of Intent [NoI]
Before any invoice from any customer/Debtor can be traded and sold on Credebt Exchange®, a Notice of Intent [NoI] letter must be issued. This is a one-time-only event (i.e. it does not occur repeatedly) and the notification process is simple: Firstly, you create the letter using the Notice of Intent [NoI] Template. Once prepared, the… Continue reading Notice of Intent [NoI]
Debtor Experience Upload
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre There are two types of customers you will have: existing customers that you have been selling to for some time and new customers. For existing customers please use the instructions below and upload their… Continue reading Debtor Experience Upload
Enter Organisation Details
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Once you have received your digital certificate and have logged in to the Exchange Trade Centre | Dash Board, you should begin by completing the Originator Application process. Before you can use any part… Continue reading Enter Organisation Details