The survey is designed to give readers valuable information on the trade finance market, 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.
The survey is split into three parts: the trade finance provider nominations; the market share splits; and the service category ratings.
Clients nominate their top three trade finance providers globally and by regions. Providers receive four points for first place, three points for second place and two points for third place. These scores are totalled to produce a ranking. Country rankings are also produced based on the location of the respondent and the global nominations they gave.
Each client gives a percentage of business they trade with each of their providers and this is averaged by each region.
For the individual service categories, the score is the arithmetic mean of the ratings for that category.
This year, Euromoney received 1,624 votes. Votes are not included in the survey when: service providers cast a vote for themselves; Euromoney does not receive confirmation from the respondent of their identity; an individual respondent submits more than one ballot and Euromoney cannot resolve the duplication; a respondents volume is duplicating that of a colleagues from the same institution.