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ICC releases its latest Trade Finance Survey

07/10/2016

The ICC today issued its latest Global Trade Finance survey based on 2015 data. The report can be downloaded from the following link: 

http://www.iccwbo.org/News/Articles/2016/New-survey-findings-worsening-global-shortage-of-trade-finance/

Highlights include:

Category 7 messages fell by 4.49% and category 4 messages fell by 6.79% compared to 2014 data. The number of MT700 messages saw a rate of decline of 3.76% in 2015. Declining volumes were seen in all regions of the world.

The average value of a letter credit fell sharply from USD643,000 in 2014 to USD350,000 in 2015.

Commercial letters of credit, on average, made up 38% of the trade finance product mix within a bank compared to 45% in 2014.

79% of respondents indicated no change in their take-up of Bank Payment Obligations, indicating that technology- driven change is not substantially driving business practices in 2015.

47% of respondents indicated that their net income had increased between 2014 and 2015. 

 

 

 

 

 

 


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