ICC and FCI partner to expand ICC Trade Register, enhancing supply chain finance data and market transparency
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The International Chamber of Commerce (ICC) and the Factors Chain International (FCI), the global association for factoring and receivables finance, have announced a partnership to expand the scope of the ICC Trade Register.
This partnership would strengthen the availability of aggregated data on supply chain finance and enhance transparency across the trade finance market.
Tomasch Kubiak, Policy Manager of the ICC Global Banking Commission, said, “This collaboration marks a material uplift in the visibility and analytical strength of the ICC Trade Register. 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.”
Bridging data gaps in supply chain finance
Through this cooperation, FCI will provide aggregated factoring data to the ICC Trade Register, filling a gap in market information and enhancing existing datasets.
Factoring data, which involves financing based on receivables, has historically been underrepresented in global trade finance statistics.
The ICC Trade Register, established in 2008, is a leading industry initiative that provides banks, regulators, and market participants with robust, aggregated data and analysis on trade finance products.
It has become a critical reference point for demonstrating the low-risk profile and resilience of trade finance, backed by high-quality empirical evidence.
Cagatay Baydar, FCI Executive Committee Vice-Chair, said, “This cooperation reflects FCI’s commitment to further strengthen the global factoring industry through data-driven insights. 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 Chair, added, “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.”
Expected benefits for the trade finance space
The partnership is expected to deliver multiple benefits to stakeholders across the trade finance ecosystem, including:
Enhanced market transparency. Providing a more complete and granular dataset across various trade finance products and geographies, improving visibility into market dynamics.
Stronger regulatory advocacy. Supporting evidence-based dialogue on the risk profile and economic importance of trade finance, aiding regulators and policymakers in informed decision-making.
Improved risk analytics. Enabling richer benchmarking and more robust modelling of credit and performance dynamics, enhancing risk management capabilities.
Support for industry development. Fostering alignment between leading industry bodies and advancing standardisation efforts to promote best practices.
An initial milestone in this partnership will be the presentation of the cooperation framework to the broader ICC and FCI communities.
This will pave the way for implementation and future joint publications, further enriching the data landscape and supporting the sustainable growth of trade finance globally.