Originators can use the following settings to automate certain Exchange trade settings that will achieve faster ‘Traded Invoice‘ results. If there are any specific trading requirements that are not adequately addressed by the options below, or if you need clarifications, use the enquiry form in the ‘Support’ link at the top right of the page. Alternatively, you can email us.
- Global Outright ETR Setting
- Global Managed/Performance ETR Settings
- Enable Buy-Out
- Enable Notifications
|Global Outright Sale Setting||
To enable automated trading, this is a minimum discount percentage value, that the Originator requires against the ‘Face Value‘ of any invoice that is being offered as an Outright Sale, i.e. at a fixed price. For example, if an invoice with a ‘Face Value of EUR 10,000 is put up for trade and the Originator Global Outright Sale setting is 5.000%, then the trade will appear on the Exchange and the Credebt Exchange® will make a single, one-time payment of EUR 9,500 to buy and own the specific invoice. This is applied to all automated trading on all trades and is the Originator default Global Outright Sale Setting
|Global Managed/Performance ETR Settings||
The Originator can only use these setting if they have disabled the Global Outright Sale Setting. For these settings, the Originator must choose to sell all invoices on a Performance ETR or Managed ETR basis. Then the Originator sets the minimum monthly percentage that they are willing to accept for any invoice, or batch of invoices, that are put up for trade.
For example, if an invoice is being offered on a Managed Sale basis, with a ‘Face Value‘ of EUR 10,000, that is payable in 60 days, is put up for trade and the Global Managed Purchase setting is 0.625% per month, then the Originator will receive EUR 9,625 (less transaction fees) within a few days of that ‘Traded Invoice‘ occuring. If the invoice is paid any time before 180 days have elapsed, then the Originator receives the Reserve that is refunded on a 1/360 basis. If payment took 90 days, this equates to EUR 187.50 (less transaction fees)
Alternatively, if an invoice is being offered on a Perofrmance ETR basis, with a ‘Face Value‘ of EUR 10,000, that is guaranteed to be paid in 60 days or less, is put up for trade and the Global Revolving ETR Purchase setting is 0.500% per month, the Originator will receive EUR 9,700 (less transaction fees) within a few days of that ‘Traded Invoice‘ occuring. If the invoice is paid on, or before, 60 days the Originator receives the Reserve and is refunded EUR 200.00 (less transaction fees). If it is paid later than the guaranteed time of 60 days, Credebt Exchange® keeps the Reserve
When an invoice is posted on the Exchange Trade Floor, Credebt Exchange® will begin trading by making offers against the maximum Reserve and minimum Advance. If the Originator has enabled ‘Buy-Out’, this means that they will accept any bid that meets their requirements (i.e. meets their maximum Reserve and minimum Advance) and will permit the Credebt Exchange® to prematurely close the trade by clicking the Buy-Out button. The Originator can enable Buy-Out on all trades using this option (and can be changed at the time of posting a specific invoice, as required)
Every Originator can opt to receive email notifications from the trading system according to the following options: