ICC Trade Register and FCI announce cooperation on data sharing for international factoring
The ICC Trade Register and FCI at the FCI 58th Annual Meeting in Lisbon, announced a strategic cooperation to enhance the availability and quality of global data on international factoring and supply chain finance.
About the ICC Trade Register and FCI
The ICC Trade Register, established under the International Chamber of Commerce (ICC), is since 2008 a leading industry initiative providing banks, regulators, and market participants with robust, aggregated data and analysis on trade finance products. Over time, it has become a key reference point to demonstrate the low-risk profile and resilience of trade finance through high-quality empirical data.
FCI, the global association for factoring and receivables finance, represents a network of institutions engaged in domestic and international factoring. It plays a central role in promoting standardisation, best practice, and the development of receivables finance markets worldwide.
Closing the data gap in supply chain finance
Since expanding its scope to include supply chain finance data, initially focusing on payables finance in 2018, the ICC Trade Register has continuously sought to provide a more comprehensive view of short-term trade-related financing. However, a fully holistic picture of the market has remained incomplete without the inclusion of factoring data.
Through this cooperation, FCI will contribute aggregated factoring data to complement existing datasets within the ICC Trade Register. This marks a significant step toward bridging the long-recognised data gap between payables-based supply chain finance and receivables-based financing solutions.