ICC Trade Register report: Global risks in trade finance
The 2023 edition of the ICC Trade Register report includes a first look at credit risk performance of trade finance under the lasting effects of COVID-19 on the global economy. It is an updated market forecasts for global trade and trade finance in the emerging macroeconomic climate.
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 to its memebers:
- 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.
For more information on how to become a member and membership fees
Highlights
The 2023 Trade Register report includes all the data analysis and insights gathered from our member banks and is available for purchase. The full report also allows access to the interactive dashboard below featuring data by product, region and all specific trends included in the report.
An executive summary is also available to get a glimpse of the in-depth analysis of the full report.
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 2023 ICC Trade Register report includes analysis on trade finance asset classes for more than a decade, the data – which has been compiled and provided by the 22 contributing banks and financial institutions – represents up to 30% of all global trade finance transactions.
The report 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 2023?
The 2023 edition of the ICC Trade Register report provides a precise analysis of global trade and post pandemic trends, supply chain disruptions and geopolitical consequences on specific markets such as energy or agriculture.. It is an updated market forecasts for global trade and trade finance.
ICC encourages banking institutions to join the trade register and provide their anonymised and standardised trade finance data to strengthen the report.
You will find below our commercial terms to continue to better benefit our 22 and growing ICC Trade Register members and invite additional contributors to this valuable resource.
Regional distribution
Become a member
The ICC Trade Register project was established in 2011 with 7 banks. Since then, membership has grown to 22 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. On the “provide to receive” principle, members benefit from further insights and down to even more granular information than in the full report. Membership is currently only available for regulated banks. Please contact ICCTraderegister@iccwbo.org for more information.
- Number of members today: 22 banks
- The information on trade finance products, gathered from member banks, includes approximately 23% of global traditional trade finance flows, excluding loans for import/export.
- Members providing data are entitled to further insights on a specific trend, country, or product against anonymised data from the aggregated other members on the “provide to receive” principle
Member benefits
✓ Access to exclusive content
✓ Preferred membership fees
✓ Regulatory updates from around the world
✓ Policy and advocacy dialogue
✓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
| Member banks (participants) | Non-members banks | Non-banks corporations | Public (open release) |
| Participate in the governance of the ICC Trade register project | |||
| Up to 15 000€ | 30 000€ | 17 500 € | Free of charge (to be downloaded) |
| ☑ Detailed PDF report | ☑ Detailed PDF report | ☑ Detailed PDF report | ☑ Executive summary |
| ☑ Granular data tables and charts | ☑ Granular data tables and charts | ☑ Granular data tables and charts | |
| ☑ Interactive dashboard / with tailored data benchmarked with peers |
Partnerships
The ICC Trade Register’s high standard is enabled by a strategic partnership forged between the International Chamber of Commerce (ICC), Boston Consulting Group (BCG) and Global Credit Data (GCD).