20 January 2018
Kittredge Carswell


Kittredge Carswell - CGI

5Posts 18,456Views 3Comments

Grabbing a slice of the Asian trade finance pie

28 November 2012  |  5727 views  |  0

With Asian economies booming, smart banks are capitalising on opportunities to boost their trade finance business. But how do financial institutions from the developed world ensure market share? If they are too slow to act, they may be left with the crumbs rather than a representative share of the trade finance pie.

To start with banks must be sure to participate in local clearing and settlement mechanisms to get ahead of the pack. They should also leverage relationships with firms in developing markets to extend their global networks – local partners are essential to a lot of business in Asia. At the heart of a banks’ infrastructure must also be the global technology platforms that enable institutions to maximise the trade finance opportunity presented by the rapidly developing economies.

Financial institutions provide the financial lubrication for trade. Customarily it’s been American, British and Japanese financial institutions that have dominated the world’s trading markets. However, as developing economies go from strength to strength, the dominance of the traditional players are being challenged and long-held dominance is threatened with decline.

 As developing regions continue to industrialize there will be a significant growth in the global market share of here to regional-only financial institutions. Trade flows are shifting and South-South trade already accounts for almost 25% of global trade. Now is the time, like never before, for banks from the developed world to step up and adopt new strategies to create and develop footholds in emerging economies.

TagsSibosWholesale banking

Comments: (0)

Comment on this story (membership required)

Latest posts from Kittredge

Transforming your global trade business for the future

04 October 2015  |  2441 views  |  0 comments | recomends Recommends 0 TagsTrade executionTransaction banking

Building a true global trade business model

26 September 2014  |  1504 views  |  0 comments | recomends Recommends 0 TagsTrade executionSibos

Advantages of a SaaS model in managing global trade finance

18 September 2014  |  5157 views  |  3 comments | recomends Recommends 0 TagsTrade execution

Collateral management in the new regulatory landscape

12 September 2014  |  3628 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

Grabbing a slice of the Asian trade finance pie

28 November 2012  |  5727 views  |  0 comments | recomends Recommends 0 TagsSibosWholesale banking

Kittredge's profile

job title Vice-President, Trade and Supply Chain
location Toronto
member since 2012
Summary profile See full profile »
Kitt is Vice-President of CGI's Trade and Supply Chain Solutions group and is responsible for the strategic direction of CGI's Trade360 global transaction platform and strategic business partnerships....

Kittredge's expertise

Member since 2012
5 posts3 comments
What Kittredge reads
Kittredge's blog archive
2015 (1)2014 (3)2012 (1)

Who's commenting on Kittredge's posts