ANZ Insight: How to close the USD 1.5 trillion trade finance gap

The latest ICC study commented that closing the trade finance gap by attracting more non-bank capital will be the most pressing trade-related issue in the next 3-5 years.

There is indeed widespread agreement that closing this gap is essential for global trade to flourish in the coming years, and growing acceptance that this can only be achieved by harnessing non-bank capital. Adequate trade financing mitigates risks in the international trading system, supports communities/economies and helps the smooth flow of goods across borders.

As part of its educational activities, the ITFA Fintech Committee is glad to share the recent Insight produced by ANZ entitled “How to close the USD 1.5 trillion trade finance gap”.

“Trade finance is the lifeblood that makes businesses thrive in our communities, and it is imperative that the finance community works together to support the growing requirements.”, said Damian Kwok, Head of Trade Portfolio Management and Head of Trade and Supply Chain, AU, NZ and Pacific, ANZ and Chair of the ITFA Australia and New Zealand Regional Committee, “ANZ joined the TFD Initiative as its comes at a time of rapid progress in digitizing trade. The benefits are clear: The TFD Initiative will open up the pool of interested providers once the network is established and non-bank investors begin to engage and originate assets from it.”

Want to know more? Download ANZ Insight paper. Please also consult the TFD Initiative web site for more information.