- From: 01 Dec 2016 To: 02 Dec 2016
- Berlin, Germany
Barclays and Wave claim to have closed the first letter of credit via blockchain. The new technology is now a reality and the pace of progress appears to be picking up. But will the hyped benefits – cost, speed and increased volume of trade finance transactions – be the driving force or will a race for technological market share hinder development?
The aviation market is in an unprecedented situation, with both the major aircraft manufacturers facing a shutdown in government export credit financing, Laura Mueller and Olivier Bonnassies, managing directors of Euromoney’s Airfinance Journal, report.
Fred Hochberg, chairman and president of US Ex-Im, discusses the export credit agency’s current status and opportunities for future growth.
|Rank||Company||Total US$ m||Transactions||Market Share (%)|
|2||Sumitomo Mitsui Financial Group||13,359.68||110||3.68|
|3||Mitsubishi UFJ Financial Group||12,697.59||127||3.50|
|7||China Exim Bank||11,121.02||19||3.07|