ICC Trade Register
All-encompassing data on the entire range of all major trade and export finance products and transactions from the biggest banks in trade and export finance worldwide.
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requires a solid understanding of the critical issues by all sides –
government, regulatory, industry, and multilateral institutions. The ICC Trade
Register helps enhance this understanding by making available much-needed data
on trade and export finance for the first time.
When world trade
collapsed during the global economic meltdown that began in 2008, trade and
export finance suffered a consequent decline. The traditional role of trade and
export finance as a low-risk asset class even came into question amid the
turmoil in global financial markets. When regulators and bankers tried to
assess the trade and export finance picture and its role during the crisis,
timely, accurate and comprehensive data were lacking.
It was in 2009 that the
ICC Banking Commission established the ICC Trade Register to advance
understanding of various products and their risk characteristics in trade and
export finance. This initiative assisted the industry in developing a pool of
data to evaluate the long-held claim that trade and export finance is a
relatively low-risk form of financing. It also provides a much-needed empirical
basis for discussions regarding the treatment of trade financing under the
Based on data contributed by the major global commercial banks and reflecting more than 4.5 million transactions totaling an exposure in excess of US$2.4 trillion, the ICC Trade Register Report 2014 (“the Trade Register”) empirically demonstrates that trade finance is lower risk than many other types of financing and assets. It records that short-term trade finance customer default rates range from a low of 0.033% to a high of 0.241%, which is a fraction of the 1.38% default rate reported by Moody’s for all corporate products (according to 2012 figures).
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The pilot phase, named
the ICC-ADB Trade Finance Default Register, was initiated and funded by the
Asian Development Bank (ADB). The pilot was completed in September 2010 and its
findings were presented to the Basel Committee on Banking Supervision, which
was considering how to treat trade finance under its Basel III regulations on
banks’ capital adequacy requirements.
At the October 2010
meeting of the WTO Expert Group on Trade and Finance, ICC was requested to
establish the Register on a permanent basis as the primary market intelligence
tool providing much needed data to facilitate the assessment of the treatment
of trade finance products under the Basel framework.
ICC Trade Register Brochure - Download
The ICC Trade Register
Working Group expressed its continued commitment to comply with such a request.
Many members of the ICC Banking Commission have also expressed a desire to join
and/or benefit from this project, and ICC is keen to make sure that we can
provide such a service in the future.
Going forward, the ICC
Trade Register benefited from continuous improvement. The use of additional
data from an increasing number of participating banks (24 in 2014) has been
essential in providing significant additional value to the ICC Trade Register.
In addition, for the first time, medium and long-term export finance data were
collected and analyzed, which improved overall data availability and
The Banking Commission
will continue to work to broaden and deepen the data in the Register to ensure
that it is a comprehensive long-term tool that can be used by regulators and
banks alike to assess the status of the trade finance market.
If you are interested in becoming an official partner and to start using the ICC Trade Register, please contact:.
ICC Banking Commission
Global Risks – Trade Finance Report
Based on data from
ICC’s Trade Register, the ICC Banking Commission issues the “Global Risks –
Trade Finance” report on a yearly basis
providing a timely, accurate and comprehensive outlook on the risks in trade
finance from the global trade finance industry’s perspective.
ICC Trade Register website