2022 ICC Trade Register report: Global risks in trade finance

What is the ICC Trade Register?

The ICC Trade Register is an unparalleled resource that measures global risk in trade and export finance. The ICC Trade Register is facilitated by the International Chamber of Commerce (ICC) and the world’s leading banks.

The ICC Trade Register provides:

• An objective and transparent overview of the credit risk profile, as well as characteristics of trade, supply chain and export finance to inform policy and regulatory decisions.
• Access to high-quality and up-to-date data on trade, supply chain and export finance, which can be incorporated into annual credit risk factor reviews and  trade finance model calibrations.
• A common understanding of the international regulations affecting bank capital requirements for trade and export finance.

Highlights

The 2022 ICC Trade Register also includes the interactive dashboard that allows you to tailor your research and compare products over time. Users can also filter by region to research specific trends mentioned in the 2022 ICC Trade Register.

Project scope

The ICC Trade Register aligns its analytical methods to the Basel Approach and includes short-term traditional trade and supply chain finance products as well as medium to long-term export credit agency (ECA) backed export finance loans. Short-term products are instruments with a typical maturity of less than one year and with a clear link to a specific underlying trade transaction.

The 2022 ICC Trade Register includes analysis on trade finance asset classes over the last 10 years. The data – which has been compiled from data provided by the 21 contributing banks and financial institutions – represents up to 30% of all global trade finance transactions.

The ICC Trade Register focuses on credit-related risk across trade, supply and export finance products, including:

• Import and export letters of credit
• Loans for import/export
• Performance guarantees and standby letters of credit
• Restricted to “payables”, part of supply chain products and solutions
• Export Loans backed by export credit agencies and multilaterals for commercial and/or political risk

What is new in 2022 ?

The 2022 edition of the ICC Trade Register includes a first look at credit risk performance of trade finance in a ‘post-COVID’ economy. It is an updated market forecasts for global trade and trade finance in the emerging macroeconomic climate. Our updating methodology on LGD and EL based on a more comprehensive data set, including coverage for supply chain finance is a 2022 Trade Register breakthrough. 

You will also find below our updated commercial terms to continue to better reward our 21 ICC Trade Register members and invite additional contributors.  

The public report available for download, is using the latest trends in default rates. ICC is still providing good insights across trade finance products and a high level state of the market overview. 

Regional distribution

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Become a member

The ICC Trade Register project was established in 2011 with 7 banks. Since then, membership has grown to 21 banks across Europe, Africa, North America, Asia and Australia. ICC Trade Register members are ‘owners’ of the project and have a prominent role in steering the strategic direction.

ICC Trade Register membership is open to any bank that has a demonstrable capability to collect and deliver data. Members of the Trade Register are not subject to the report fees, only to the maintenance fee. Membership is currently only available for regulated banks. Contact ICCTraderegister@iccwbo.org for more information.

• Number of members today: 21 banks
• The information on trade finance products, gathered from member banks, includes approximately 35% of global traditional trade finance flows, excluding loans for import/export.

Purchasing and Membership Options

Member benefits

✓ Access to exclusive content

✓ Preferred membership fees

✓ Regulatory updates from around the world

✓ Policy and advocacy dialogue

✓ Gain access to members-only meetings

✓ Unique partnership opportunities

✓ Personalised benchmarking with peers

✓ Participation to Trade Register members meetings with drafting group and peers

For more information on how to become a member and membership fees

Purchase Prices

Partnerships

The ICC Trade Register’s high standard is enabled by a strategic partnership forged between the International Chamber of Commerce (ICC) and Boston Consulting Group (BCG) with the support of Global Credit Data (GCD).