Dealogic is an
organization that provides services to investment banks. In
particular, it is known for its production of data sets for the
banking industry. Here is a summary of its trade finance data for
2013.
Industry Total
Total Trade Financing
Total trade financing
amounted to 124 BUSD in 2013. How much is 124 BUSD? To get an idea of
the magnitude, keep in mind the following comparisons. Total trade
financing in 2013
- represents half of total lending by Chinese banks in 2012;
- represents roughly 6 % of total Chinese merchandise exports in 2013;
- corresponds approximately to Qatar’s total merchandise exports in 2013.
Over the four quarters of
2013, trade financings were pretty much evenly distributed.
ECA Financing
ECA financing totaled 71
BUSD in 2013. Again, to give you an idea about the significance of
this number, consider the following comparisons. ECA financing in
2013
- corresponds roughly to Iran's merchandise imports in 2013;
- is about 3 % of total outstanding international claims of French Banks;
- is only 0.35 % of the gross market value of the global OTC derivatives market on June 30, 2013.
ECA financing deals were evenly
distributed over the four quarters of 2013.
Industry Distribution
Total Trade Financing
In 2013, top ten banks
absorbed 50 % of the trade financing market. However, none of the top
ten banks holds a particularly outstanding position. HSBC, JP Morgan,
and Mitsubishi UFJ performed slightly better than other top ten
banks.
ECA Financing
Compared to the entire
trade financing market, the ECA financing market is more
concentrated: Top 10 banks account for 56 % of the total value of ECA
deals. Among the top 10 banks, the picture is the same as for total
trade financing: No bank has an outstanding position; HSBC, JP
Morgan, and Mitsubishi UFJ slightly distinguish themselves from the
other players.
Number of Deals of Top
Ten Banks
Total Trade Financing
727 deals closed in 2013.
Q4 2013 has been particularly strong: 42 % of the deals of top 10
banks were closed by the end of the year. BBVA obviously experienced
an exceptional fourth quarter.
ECA Financing
340 deals closed in 2013.
Generally speaking, they are evenly distributed over the year; only
Q3 has some more deals and accounts for 32 % of ECA deals signed by
top ten banks in 2013.
Resource:
Dealogic Trade Finance
Review
