DUBLIN, October 10, 2016 /PRNewswire/ --
Dublin - Research and Markets has announced the addition of the "Global Trade Finance Market 2016-2020" report to their offering.
The global trade finance market to grow at a CAGR of 3.77% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global trade finance market for 2016-2020. To calculate the market size, the report considers the revenue generated by banks from the structured trade finance, supply chain finance, and traditional trade finance market. The report also includes a discussion of the key vendors operating in this market.
The current trend of online receivable financing has attracted a lot of key market players, competitors as well as the customers to have open competitive auctions and is mostly bid by a global network of accredited institutional buyers. Traditional financing is considered more expensive. So, there are many industries that have shifted their focus to the online receivable financing platforms, which are helping companies to fulfil their working capital needs on a day-to-day basis. They are mostly used as a part of asset-based lending solutions, as also in factoring deals because these are considered a collateral component in business lines of credit. Competitive prices can be achieved due to the reduction in the cost of capital. The most advantageous approach is the lack of a long-term contract, all-asset lien, covenants and personal guarantees in case of online receivables financing.
According to the report, one of the key drivers for market growth is the improved inventory management. Inventory is considered one of the important items on a company's balance sheet. Companies focus on a balancing act wherein sufficient inventory is at hand to meet demand without affecting cash flow. Organizations always focus on having optimal inventory levels with the setup of robust systems which can accurately track and maintain the control of inventory systems through various other internal processes. This may help to manage vendors and customers in the supply chain and enable the company to track inventory performance, monitor demand patterns, maintain accurate inventory counts, and ensure that suppliers adhere to their commitments over the forecast period. Such efforts may lead to improvements in vendor-managed inventory techniques.
Further, the report states that export factoring issues will be a challenge for the market. Export factoring is a service that is offered following an agreement between a factoring company and an exporter. As per the agreement, the factor buys the exporter's short-term foreign account receivables for cash at a discount on the face value. While doing so, the factor takes a risk on the ability of the foreign buyer to pay and handle collections on the receivables. The top vendors in the international receivable financing and domestic factoring financing need to focus more on the barriers.
Key vendors
- BNP Paribas
- Citigroup
- HSBC
- JPMorgan Chase
- Mitsubishi UFJ Financial
Other prominent vendors
- ANZ
- Arab Bank
- Bank of America Merrill Lynch
- BNP Paribas
- BNY Mellon
- Capital
- Commerzbank
- Credit Agricole
- Deutsche Asset & Wealth Management
- Deutsche Bank
- Factor Funding
- Goldman Sachs
- Itaú Unibanco
- Morgan Stanley
- New Century Financial
- Nordea
- Paragon Financial
- Royal Bank of Scotland
- Royal Bank of Scotland
- Santander
- Standard Chartered Bank
- Sumitomo Mitsui Financial
- SunTrust Bank
- UBS AG
- UniCredit
- Wells Fargo
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market drivers
Part 08: Impact of drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/52h2cw/global_trade
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article