Financing trade is low risk, says ICC report
TRADE finance default rates from 2008 to 2016 are low across all products and regions – but despite its low-risk nature, trade finance is a product that is shrinking as banks retreat to their core businesses . . .
Having analysed US$10.5 trillion in trade finance transactions and US$670 billion in export finance exposures, the International Chamber of Commerce (ICC) has concluded that financing trade is a low-risk business.