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ICC issues its latest survey 'Rethinking Trade and Finance 2017"

13/07/2017

The latest ICC Global Trade Finance Survey can be downloaded from the following link Here

Highlights from the SWIFT 2016 statistics, that can be found on pages 88 - 99 are:

Volume of MT700 messages was down 2.81% in 2016

Total number of letters of credit sent by MT700 in 2016 was 4,364,457 (of which 73% were issued by banks located in Asia)

The average value of a letter of credit was USD463,000

The percentage of letters of credit by type of availability were: 

Negotiation 73.2%, Payment 11%, Deferred Payment 8.7%, Acceptance 6.8% and Mixed Payment 0.3%

Confirmation instructions:

Without 88.8%, Confirm 7.4% and May Add 3.8% 

 


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