Trade finance survey 2010: In world trade, banks turn out not to be the villains

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Trade finance survey 2010: In world trade, banks turn out not to be the villains

Their problems have highlighted the importance of trade finance in maintaining the flow of goods. Laurence Neville reports on what is being done to sustain a vital economic function



About the trade finance survey

The survey is designed to give our readers valuable information on the trade finance market and the opportunity to rank trade finance providers across a selection of service categories and an overall global ranking of providers as rated by their clients.

Clients nominated their top-three trade finance providers globally and by regions. Providers received four points for a first-place nomination, three points for a second place and two points for a third place. These scores were then summed to produce a ranking.

UNTIL THE FINANCIAL crisis, trade finance was the oxygen of world trade: an essential ingredient to sustain life but one rarely given much consideration because of its elemental nature. Once the crisis began, the consequences of a lack of oxygen became painfully apparent.



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