PART 01: Executive summary • Highlights PART 02: Scope of the report • Market overview • Top-vendor offerings PART 03: Market research methodology • Research methodology • Economic indicators PART 04: Introduction • Key market highlights • Trade finance outlook • Elements of trade finance PART 05: Market landscape • Market overview • Market size and forecast • Five forces analysis PART 06: Geographical segmentation • Geographical segmentation • EMEA • Americas • APAC PART 07: Market drivers • Increased adoption of factoring • High involvement of clearing house and trade through financial market integration • Dynamic market structure • Digitalization and sophisticated risk management tools PART 08: Impact of drivers PART 09: Market challenges • Issues related to factoring • Insufficient risk valuation capabilities, limited legal certainty, and operational inefficiencies • Volatile political and economic environment • Impact on underwriting due to change in financial reforms PART 10: Impact of drivers and challenges PART 11: Market trends • Factoring industry’s awareness of supply chain finance • Enhanced strategic formulation and adoption of structuring and pricing tools • Rise of Renminbi-backed transactions • Advancements in technology PART 12: Vendor landscape • Competitive landscape • Other prominent vendors PART 13: Key vendor analysis • BNP Paribas • Citigroup • HSB • JPMorgan Chase • Mitsubishi UFJ Financial (MUFG) PART 14: Appendix • List of abbreviations PART 15: Explore Technavio List of Exhibits Exhibit 01: Trade finance instruments Exhibit 02: Countries covered for market analysis Exhibit 03: Product offerings Exhibit 04: Trade finance elements Exhibit 05: Trade finance instruments Exhibit 06: Market segmentation by trade finance instrument 2015-2020 Exhibit 07: Uses of structured trade finance Exhibit 08: Factoring business process Exhibit 09: Benefits of factoring Exhibit 10: Need for factoring Exhibit 11: Global net working capital 2015-2020 (days) Exhibit 12: Net working capital days 2015-2020 (days) Exhibit 13: Global trade finance market 2015-2020 ($ billions) Exhibit 14: List of products imported globally 2013-2015 (millions) Exhibit 15: Total imports region-wise 2013-2015 (millions) Exhibit 16: List of products exported globally 2011-2015 (millions) Exhibit 17: Total exports region-wise 2013-2015 (millions) Exhibit 18: Agricultural commodities traded 2015 Exhibit 19: Level of mechanization in different countries 2015 Exhibit 20: Revenue from structured trade finance 2015-2020 ($ billions) Exhibit 21: Revenue from supply chain finance 2015-2020 ($ billions) Exhibit 22: Revenue from traditional trade finance 2015-2020 ($ billions) Exhibit 23: Global export trade product mix 2015 Exhibit 24: Global import trade product mix 2015 Exhibit 25: OTC foreign exchange derivatives turnover 2015 Exhibit 26: Five forces analysis Exhibit 27: Geographical segmentation 2015 Exhibit 28: Trade finance market in EMEA 2015-2020 ($ billions) Exhibit 29: Solutions to increase DPO and optimize the opportunities Exhibit 30: Trade finance market in Americas 2015-2020 ($ billions) Exhibit 31: Trade finance market in APAC 2015-2020 ($ billions) Exhibit 32: Significant factors in algorithmic trading Exhibit 33: Growth drivers in factoring Exhibit 34: Advantages of factoring business supporting large corporates and MSMEs Exhibit 35: Product design and customer acquisition through cash building Exhibit 36: Impact of drivers Exhibit 37: Factoring challenges Exhibit 38: Barriers in factoring business Exhibit 39: Heavy impact of regulatory changes Exhibit 40: Impact of drivers and challenges Exhibit 41: Global preamble expectations from the FX market participants to have better control systems Exhibit 42: Key takeaways from Renminbi-backed transactions Exhibit 43: Application of financial trade derivatives Exhibit 44: Traded derivatives and commodities ($ thousands) Exhibit 45: Other prominent vendors Exhibit 46: Product offerings Exhibit 47: BNP Paribas: Strategy, Strength and Opportunity Exhibit 48: Product offerings5 Exhibit 49: Citigroup: Key takeaways Exhibit 50: Product offerings Exhibit 51: HSBC: Key takeaways Exhibit 52: Commercial banking product offerings Exhibit 53: JPMorgan Chase: Key takeaways Exhibit 54: Product offerings Exhibit 55: Mitsubishi UFJ Financial: Key takeaway

BNP Paribas, Citigroup, HSBC, JPMorgan Chase, Mitsubishi UFJ Financial, ANZ, Arab Bank, Bank of America Merrill Lynch, BNP Paribas, BNY Mellon, Capital, Commerzbank, Credit Agricole, Deutsche Asset & Wealth Management, Deutsche Bank, Factor Funding, Goldman Sachs, Itaú Unibanco, Morgan Stanley, New Century Financial, Nordea, Paragon Financial, Royal Bank of Scotland, Royal Bank of Scotland, Santander, Standard Chartered Bank, Sumitomo Mitsui Financial, SunTrust Bank, UBS AG, UniCredit, Wells Fargo.