Trade finance activity is on the rise among companies around the world, driven by the expansion of European and U.S. firms into international markets and the continued surge in trading among companies within the broad Asian region.
Asia remains the hub of global trade and as such a key driver of trade finance activity. Approximately two-thirds of large companies around the world use trade finance services related to commerce in Asia.
That share increased five percentage points from 2013 to 2014. Fifty-seven percent of large European companies need trade finance in Asia, as do 64% of the largest U.S. companies.
MethodologyFrom April to June of 2014, Greenwich Associates conducted 423 interviews in trade finance with financial officers (e.g., CFOs, finance directors and treasurers) at companies in Asia, 297 in Europe and 168 in the U.S. Subjects covered included product demand, quality of coverage, and capabilities in specific product areas.
The data reported in this document reflect solely the views reported to Greenwich Associates by the research participants. Interviewees may be asked about their use of and demand for financial products and services and about investment
practices in relevant financial markets. Greenwich Associates compiles the data received, conducts statistical analysis and reviews for presentation purposes in order to produce the final results. Unless otherwise indicated, any opinions or
market observations made are strictly our own.