Many Originators with Invoice Discounting/Factoring [IDF] ask Credebt Exchange® to Buy-Out their contract so that they can completely dispense with their current provider. The current IDF provider owns the Debtor ‘book’ because they have advanced money to the Originator based on the total Face Value of all the invoices in that book. To conduct a… Continue reading How a Buy-Out Works
Category: Blog
Unaffected by Seasonality
The Summer months tend to be the slowest for most Originators (and indeed Investors), however, August continues the steady growth experienced in Q2. The performance demonstrates that the initial Members of …
First RSA/RPA Trade Executed
Volume trading in Exchange Traded Receivables [ETR], has been strong using Revolving Sales Agreement [RSA] block and buy-out trades to increase market penetration. Little, or no, initial resistance in the market. Deals are delivering on Investor Revolving Purchase Agreement [RPA] …
Membership, Fees & Charges
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Credebt Exchange® aims to be clear and transparent on the how it deducts charges (i.e. fees and commissions) from payments to any Member account. Before examining any deductions from a Member account, the Originator should log… Continue reading Membership, Fees & Charges
Membership, Fees & Charges
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Credebt Exchange® aims to be clear and transparent on the how it deducts charges (i.e. fees and commissions) from payments to any Member account. Before examining any deductions from a Member account, the Originator should log… Continue reading Membership, Fees & Charges
Calculate the Cost of Funds
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Once you have read and understood the article that explains the Credebt Exchange® charges, understanding the true cost of funds is very simple. Login to the Exchange Trade Centre | Dash Board and select… Continue reading Calculate the Cost of Funds
Exchange Fees & Charges
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre In accordance with the Credebt Exchange® Master Agreement sub section 6.13: “The Account Bank will draw any fees and/or commissions that the Member owes to Credebt Exchange® from the relevant Member Account. Credebt Exchange… Continue reading Exchange Fees & Charges
Exchange Fees & Charges
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre In accordance with the Credebt Exchange® Master Agreement sub section 6.13: “The Account Bank will draw any fees and/or commissions that the Member owes to Credebt Exchange® from the relevant Member Account. Credebt Exchange… Continue reading Exchange Fees & Charges
Add New User
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre In many instances there is more than one user in an Originator organisation that requires access to the Exchange Trade Centre. To add a new Debtor, use the Add new User interface that is… Continue reading Add New User
Split or Merge PDFs
IMPORTANT:- Some links in this article will only be accessible to authorised Members that have logged into the Exchange Trade Centre Regularly, Originators need to merge multiple invoices/ETR into a single PDF document, prior to uploading using the Open a Trade section of the Exchange Trade Centre. Similarly, there are other instances where multiple invoice/ETR… Continue reading Split or Merge PDFs
Viewing PDFs in Firefox
When viewing PDF documents on the Exchange using the Firefox browser, the document may not display properly. To fix this go to Tools -> Options -> Applications and then scroll down to the Portable Document Format (PDF) item in the list and select the option ‘Use Adobe Acrobat (in Firefox)’ as shown in the image… Continue reading Viewing PDFs in Firefox
Investor Demand
After only six weeks, Investor demand for Exchange Traded Receivables [ETR], is ahead of expectations and indications are that demand will continue into Q3 at a steady pace. This strong positive performance indicates that ETR placement and yield…
The SB³ Trading Algorithm
The Sell, Bid Bumps & Buy [SB³] algorithm uses two mathematical calculations to regulate efficient, and smooth, trading in volume. The SB³ algorithm injects simple ingenuity into the practical issues of operating an efficient Exchange. The components of the algorithm are: Sell Buy Bid Bumps Sell Originators want a simple, fast, efficient and most… Continue reading The SB³ Trading Algorithm
ETR OnRisk with AIG
Exchange Traded Receivables [ETR], officially went ‘OnRisk’ with AIG as finance trade, commercial risks attaching on an insurance contract with specific reference to the Master Agreement …
Investor Road Show II
The second Investor & Intermediary road show concludes with a further 10 Intermediaries being appointed as agents for Credebt Exchange®. This brings the total number of…
Exchange Opens for Business
The first two Investors both confirmed their initial investments in ETR today. Both are deposit investments and the Buy rate commences on 25th February for an initial…….
Intermediary Growth
As the New Year starts the number of Intermediaries has grown substantially now that ETR have both capital and yield protection. The ETR Repurchase forms a central part of the Credebt Exchange®……
ETR Overview
Credebt Exchange® was founded in 2011, specifi cally to address two important issues in the economy: 1. liquidity in the micro-medium business sector; and 2. providing a strong, stable, cash equivalent alternative to bank deposits for Investors. Trading commenced in July, 2013 and Credebt Exchange® continues to deliver on its commitments to both businesses and Investors.… Continue reading ETR Overview
Credit Insurance
Official credit insurance negotiations commenced on an exclusive basis with AIG today. Subject to the outcome of these negotiations ETR will be credit enhanced…
€ 5.0m Equity
Despite the ‘Frankenstorm’ followed by severe snow storms, this late evening telephone call from New York, confirmed the equity valuation of €5.0M. Subject to due diligence, the Exchange …
Investor Road Show I
Today saw the completion of the initial Investor ‘mini road show’ and began with the first signed Investment Intermediary Agreement. This confirmation underpins the…
Master Agreement Drafted
After nine months of careful consideration, the first draft of the Master Agreement is finalised and ready for use by all Members of the Exchange. Its importance is central to the Exchange’s efficient and legal…
Investor Initiative Begins
Selection and marketing to the initial ‘Investor pool’ commenced today and is expected to continue throughout September into late October…
Strategic Partner Selection
Initial marketing to specific strategic partners commenced today ahead of the planned Investor initiative for September as the Exchange prepares to formally enter the market…
Automated Clearing
With the assistance of IBM® and the co-operation of Danske Bank, the decision to automate trade clearing has been agreed. The decision is based on the need for efficiency and security in the…
Debtor Marketing
Although Debtors are third-parties to trading on Credebt Exchange®, their co-operation, input and support is important to the ongoing success of the Exchange. Initial reactions are positive…
Volumes Exceed € 100.0m
Based on the results of initial marketing and in less than 20 days, € 100m of Exchange Traded Receivables [ETR], is available from the initial short list of Originators. Much in line with expectations, marketing will move to…
Originators Initiative Begins
Today, contacting Originators across all market segments and industry sectors commenced. The primary objectives are to establish detailed and specific market information on the supply of ETR and…
Quistclose Segregated Accounts
With the assistance of the Central Bank and Arthur Cox, Danske Bank formally agreed to operate quistclose segregated accounts services for Credebt Exchange® . This protects Exchange Members…
Arthur Cox Appointed
After many months of careful selection, Arthur Cox has been selected as legal advisors to Credebt Exchange®. As one of Ireland’s leading law firms…
Strategy Agreed
The three strand market strategy was finalised today by the interim executive committee. Resulting from this, several strategic appointments were agreed…
Danske Bank appointed
Today, the decision was taken to appoint Danske Bank as bankers to Credebt Exchange® Limited …
Deloitte appointed
Today, Deloitte were appointed to provide audit, financial advice, risk management, tax services and trading system validation services to Credebt Exchange® Limited …
First System Release
The first Credebt Exchange® test system was delivered today with testing to commence early in July. Security will be protected using Digi-Access™ two factor …
System Architecture
The overall architecture of Credebt Exchange® is finalised ready for production and line programming. The system’s language, structure, design, flow and detailed specifications are all completed…
Development Commences
Continuing its research in parallel, the development of Credebt Exchange® begins with the emphasis on using an ECN with high-speed transactions, ease of use and military-grade security…
Research Commences
Credebt Exchange® market research begins by focusing on investment vehicles and strategies used by larger corporations using ECN and OTC fixed income markets…
Solving the Credit Issue
The founders of Credebt Exchange® commit to solving the issue using their business experience, their knowledge of the financial markets…
Credit Crisis Deepens
Founders of Credebt Exchange® continue to monitor the availability of credit, specifically as it relates to the Small & Medium Enterprise [SME] sector. The debt situation worsens
GLI Finance AIM: GLIF
Today and subject to final contract, GLI Finance Limited (AIM: GLIF) signed an agreement to act as the lead Investor to provide €25.0m of funding to the Exchange. This will bring the total year-to-date funding on the Exchange to €30.m and provides for a further capacity to purchase in excess of €150.0m ETR during 2014.… Continue reading GLI Finance AIM: GLIF