ICC and FCI, the global association for factoring and receivables finance, have announced that they will collaborate to expand the scope of the ICC Trade Register, strengthening the availability of aggregated data on supply chain finance and enhancing market transparency.
Through the cooperation, FCI will contribute aggregated factoring data, complementing existing data sets, and helping to close a longstanding gap in market information.
The ICC Trade Register, established in 2008, is a leading industry initiative providing banks, regulators, and market participants with robust, aggregated data and analysis on trade finance products. It has become a key reference point for demonstrating the low-risk profile and resilience of trade finance through high-quality empirical data. “This collaboration marks a material uplift in the visibility and analytical strength of the ICC Trade Register,” said Tomasch Kubiak, Policy Manager of the ICC Global Banking Commission.
“By integrating factoring data, we are taking an important step towards a more complete and holistic picture of trade and working capital finance, strengthening industry insights and our engagement with policymakers.”
“This cooperation reflects FCI’s commitment to further strengthen the global factoring industry through data-driven insights,” said Cagatay Baydar, FCI Executive Committee Vice-Chair. “This will bridge the divide between payables-based supply chain finance and receivables-based financing solutions, an area that has historically lacked comprehensive data coverage”.
Samuel Mathews, ICC Trade Register Chairsaid: “Since expanding its scope to include supply chain finance data in 2018, initially focusing on payables finance, the ICC Trade Register has sought to provide a broader view of short-term trade-related financing. The inclusion of factoring data now marks a significant milestone in this evolution, enabling deeper insights across both sides of the supply chain finance ecosystem and reinforcing the role of trade finance as a safe and essential financing tool for global commerce.”
The collaboration is expected to deliver several benefits to stakeholders across the trade finance ecosystem, including:
- Enhanced market transparency through a more complete and granular dataset across products and geographies
- Stronger regulatory advocacy, supporting evidence-based dialogue on the risk profile and economic importance of trade finance
- Improved risk analytics, including richer benchmarking and more robust modelling of credit and performance dynamics
- Support for industry development, fostering alignment between leading industry bodies and advancing standardisation efforts
An initial milestone will be the presentation of the cooperation framework to the broader ICC and FCI communities, paving the way for implementation and future joint publications.
