ICC Trade Register Report 2015

ICC Trade Register Report 2015

This report, produced by the ICC Banking Commission in collaboration with Oliver Wyman, presents a view of the risk profile of the Trade and Export Finance industry globally, with particular focus on credit-related default and loss experience.

The 2015 edition of the Report continues to address Short-term as well as Medium and Long-term Trade and Export Finance transactions.

The underlying data set:

  • Is contributed by 23 participating banks
  • Includes over 13 million transactions from 2007 to 2014, following a rigorous data filtration and quality assurance process and adding 2 years of new data (2013 and 2014)
  • Encompasses a total exposure of over US$7.4 trillion

Given the complexity of gathering representative data across a multitude of banks internationally, the Trade Register and this report are currently focused on the following key products and risks, although the intention is to evolve the scope over time:

  • The product scope for Short-term products includes:
    • Issued Import Letters of Credit (for simplicity referred to as Import L/Cs throughout this report)
    • Confirmed Export Letters of Credit (referred to as Export L/Cs)
    • Loans for Import and Export
    • Performance Guarantees and Standby Letters of Credit (referred to as Performance Guarantees)
  • The product scope of Medium to Long-term Trade Finance products is limited to products where an OECD Export Credit Agency has provided a state-backed guarantee or insurance to the trade finance bank.
  • Risk scope: The risk scope is currently restricted to credit risk.
Share This

The International Chamber of Commerce has launched Incoterms® 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system.

Sign up to our news alerts today to receive the latest news and information about the Incoterms® rules.