Trade finance market 2015 to grow at a CAGR of 3.29% By 2019: Market Research Store

Deerfield Beach, FL -- (SBWire) -- 09/15/2015 --Trade finance is provided by banks to various trading companies for cross-border transactions. The global trade finance market to grow at a CAGR of 3.29% over the period 2014-2019. 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.

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Covered in this Report

Trade financing is used by banks to finance overseas transactions. This report takes into account the various instruments used in trade finance, such as traditional trade finance instruments and supply chain finance instruments.

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.

Our analyst researched the following companies as 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

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Commenting on the report, an our analyst said: "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."

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.

Further, the 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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