Infographic_icc_trade_finance_survey_Misys
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The document discusses the transformation of trade finance in commercial banking through integrated technology and improved workflows, emphasizing the importance of real-time information and collaboration among stakeholders. It highlights the findings from the 2014 ICC Global Trade Finance Survey that indicate increased availability of trade finance, growing demand for guarantees, and challenges faced by SMEs in developing countries due to limited access to finance. The text also notes the impact of trade-restrictive measures and compliance issues on global trade growth.
Infographic_icc_trade_finance_survey_Misys
- 1. Transforming trade finance to capture growth in commercial banking Unified trade, cash management and treasury services via front-end portal technology, integrated with the most comprehensive Trade Finance processing solution on the market Trade flow transparency and?real-time information for?the optimisation of working capital Out of the box workflows, collaboration tools and rapid supplier on-boarding to enhance communication and deepen relationships between buyers, sellers and?banks Full support for new ISO20022 standards and technology infrastructure including SWIFT TSU and?BPO FusionBanking Trade Innovation Financing global trade: expectations, challenges and the tipping point for supply chain finance? Highlights from the 2014 ICC global trade finance survey, sponsored by Misys ICC Banking Commission members and?partners. Countries across Europe, Middle East, Africa, U.S, Latin America and Asia Pacific. Participants in this year’s survey – a record number. 150+ 298 600+ 5.1% projected in 2016 3.1% growth in 2013 said availability of trade finance increased by value since 2013 said trade finance pricing is lower or unchanged reported increased credit lines for corporate customers reported increased availability of trade credit lines for financial institutions Global trade growth But lack of access to finance remains a barrier to global growth Supply chain finance increasingly important as traditional trade finance levels out Overall increase in the demand for guarantees. Import guarantees accounted for 16% of the total in 2012 and 20% in 2013. South-South trade continues to dominate Acceleration of trade in US and advanced economies Deceleration of trade in emerging markets 68% 80% 50% 45% 17% growth since 2001 46% of global exports, up from 35% in 2001 -3% Commercial Letters +4% Guarantees +1% Standby letters of credit underlined the increasing importance of supply chain finance in their banks 66%No change Collections 50% plus of developing country exports since 2010 “...obstructs the ability of SMEs in developing countries, to participate in value chains and production networks. New techniques of injecting liquidity have made the financial sector an integral part of trade growth but in the developing world access to affordable finance is?problematic.” of respondents believe there is a shortfall of trade finance globally New trade-restrictive measures introduced by G20 countries between Dec 2012 and Nov 2013 Report they have declined transactions due to compliance and Know Your Customer issues. Cited the lack of harmonised compliance standards as a barrier to financing trade Reported a decrease in discrepancies in documentary trade finance 41% 193 68% 60% 7%Only Find out more about Misys FusionBanking Trade Innovation www.misys.com/solutions/fusionbanking/transaction-banking