Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.
Other forms of trade finance can include Documentary Collection, Trade Credit Insurance, Finetrading, Factoring or forfaiting. Some forms are specifically designed to supplement traditional financing.
Secure trade finance depends on verifiable and secure tracking of physical risks and events in the chain between exporter and importer. The advent of new information and communication technologies allows the development of risk mitigation models which have developed into advance finance models. This allows very low risk of advance payment given to the Exporter, while preserving the Importer's normal payment credit terms and without burdening the importer's balance sheet. As trade transactions become more flexible and increase in volume, demand for these technologies has grown.
According to our (Global Info Research) latest study, the global Trade Finance market size was valued at USD 8246120 million in 2022 and is forecast to a readjusted size of USD 11733540 million by 2029 with a CAGR of 5.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key players include BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India; the Value of top ten manufacturers accounts about 14% of the total Value in 2019.
In terms of service types, Trade Finance can be generally divided into Guarantees, Letters of Credit, Documentary Collection, Supply Chain Financing and Factoring. In 2019, the proportion of Letters of Credit is the largest, accounting for about 39%.
For more information (Including Full TOC, List of Tables & Figures, Chart), please click @ https://www.globalinforesearch.com/reports/992227/trade-finance
This report is a detailed and comprehensive analysis for global Trade Finance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Industry. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
This report profiles key players in the global Trade Finance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank and ICBC, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
Guarantees
Letters of Credit
Documentary Collection
Supply Chain Financing
Factoring
Market segment by Industry
Machinery
Energy
Food and Consumer
Transport
Chemical
Metals & Non Metallic Minerals
Others
Market segment by players, this report covers
BNP Paribas
Bank of China
Citigroup Inc
China Exim Bank
ICBC
JPMorgan Chase & Co
Mizuho Financial Group
Standard Chartered
MUFG
Sumitomo Mitsui Banking Corporation
Credit Agricole
Commerzbank
HSBC
Riyad Bank
Saudi British Bank
ANZ
EBRD
Japan Exim Bank
Banque Saudi Fransi
Afreximbank
AlAhli Bank
Export-Import Bank of India
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, Chapter 1, to describe High Purity Trade Finance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of High Purity Trade Finance, with price, sales, revenue and global market share of High Purity Trade Finance from 2018 to 2023.
Chapter 3, the High Purity Trade Finance competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the High Purity Trade Finance breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and High Purity Trade Finance market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of High Purity Trade Finance.
Chapter 14 and 15, to describe High Purity Trade Finance sales channel, distributors, customers, research findings and conclusion.
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