DALLAS, May 27, 2015 /PRNewswire-iReach/ -- Global Trade
Finance Market 2015-2019 report says, one of the key emerging
trends in the global trade finance market is the dynamic shift from
traditional trade finance products to open accounts, which is
expected to further increase with the adoption of the BPO payment
mechanism by banks. This is affecting importers and vendors in the
trade finance market.
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This complete report on the trade finance market spread
across 131 pages and provides 57 Exhibits to support the market
analysis. Read more on the Global Trade Finance Market 2015-2019
report at
http://www.rnrmarketresearch.com/global-trade-finance-market-2015-2019-market-report.html.
The analysts forecast global trade finance market to grow at a
CAGR of 3.29% over the period 2014-2019. According to the report,
one of the major drivers of this market is the strengthening of
global trade, which is now expected to accelerate following the
recovery period of 2009-2013. Growth is expected to stem from the
emerging nations with special initiatives such as South-South
trade, which has led to a rapid increase in trade finance
opportunities for the nations in that area.
Trade finance is provided by banks to various trading companies
for cross-border transactions. It drives the growth of a country's
GDP. When a country produces goods or services, it exports some of
those goods and services to other countries. However, there is a
time lag between the production and delivery time, which leads to a
certain degree of uncertainty about whether the parties involved
will honor their part of the transaction. Hence, the importing
country appoints a bank to issue a financial instrument that
promises to make the payment to the exporting country upon the
successful delivery of the consignment.
Trade financing is used by banks to finance overseas
transactions. This Global Trade Finance Market 2015-2019 report
takes into account the various instruments used in trade finance,
such as traditional trade finance instruments and supply chain
finance instruments.
Traditional Trade Finance Instruments: Comercial LC,
Standby LC, Guarantee and DC
Supply Chain Finance Instruments: Factoring, Forfaiting,
Export Financing
Purchase a Copy of Report Global Trade Finance Market
2015-2019 at
http://www.rnrmarketresearch.com/contacts/purchase?rname=383881.
The report, Global Trade Finance market 2015-2019, has
been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers North
America, Latin America,
Europe, and APAC and MEA; it also
covers the global trade finance market landscape and its growth
prospects in the coming years. The report also includes a
discussion of the key vendors operating in this market.
Key Market Drivers
- Strengthening of Global Trade
- Increase in FTAs among Emerging Nations
- Demand for Factoring
Key Market Trends
- Shift from Traditional Trade Finance Products to Open
Accounts
- Trade Finance Securitization
- Rise of Renminbi-backed Transactions
- Changing Demographics
- Increase in Technological Innovations
Intense competition among banks is leading the banks to work on
ways to improve their efficiency and reduce operational costs. The
following companies are the key players in the global trade finance
market: BNP Paribas SA, Citigroup Inc., HSBC Holdings plc, JPMorgan
Chase & Co. and Mitsubishi UFJ Financial Group Inc.
Other Prominent Vendors in the market are: ANZ, Arab Bank, Bank
of America Merrill Lynch, Commerzbank Group, Credit Agricole,
Deutsche Bank, Itaú Unibanco Group, Nordea, Royal Bank of Scotland
Group, Santander Group, Standard Chartered Bank, Sumitomo Mitsui
Financial Group and Wells Fargo.
Key Stock Exchange Profiles: Hong Kong Stock Exchange,
London Stock Exchange Group, New York Stock Exchange, Shanghai
Stock Exchange, Singapore Exchanges, SIX Swiss Exchange.
The Global Trade Finance Market 2015-2019 report states that one
of the main challenges in this market is the operational costs
involved in complying with ongoing sanctions and regulations. These
regulations have forced banks to incur high costs to cover risks,
which will eventually increase the costs for clients.
Other Related Report:
Global Islamic Microfinance Market 2014-2018: Analysts
forecast the Global Islamic Microfinance market to grow at a CAGR
of 19.7% over the period 2013-2018.
In terms of product, the Global Islamic Microfinance market can
be segmented into five: Murabaha, Mudaraba and Musharaka, Ijarah,
Takaful, and Qard Al Hasan. These are the main Islamic microfinance
products offered by financial institutions worldwide.
The report recognizes the following companies as the key players
in the Global Islamic Microfinance Market: Al Baraka Islamic Bank,
Ansar Financial and Development, Islamic Bank of Britain, Mawarid Finance and The Bank of
Khyber.
Other Prominent Vendors in the market are: Bank of Khartoum, Family Bank and Wasil
Foundation.
Demand for Islamic microfinance products from the non-Muslim
nations are expected to be a game changer in the Global Islamic
Microfinance market during the forecast period of 2014-2018.
Australia and some countries in
Europe, mainly the UK, are
expected to be the pioneers of this trend.
According to the report, promotion of Islamic microfinance by
commercial banks across the world is one of the major growth
drivers of the market. A large number of NGOs and rural banks offer
Islamic microfinance services. However, these organizations cannot
attain the scale that commercial banks have by virtue of their
traditional banking operations. Because of their sheer scale and
expertise in offering banking solutions, commercial banks have the
highest client reach among all types of institution that offer
Islamic microfinance services.
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