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.