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Oct 9, 2020 2:24 PM ET

Letter of Credit Confirmation Market Study: An Emerging Hint of Opportunity | Bank of America Corporation, Citigroup, Inc., DBS Bank Ltd


iCrowd Newswire - Oct 9, 2020

Letter of Credit Confirmation Market by L/C Type (Sight L/Cs and Usance L/Cs), and End User (Small Enterprises, Medium-sized Enterprises, and Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Letter of Credit Confirmation  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Letter of Credit Confirmation  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Data Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

 

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A letter of credit is a financial tool, which guarantees the buyer’s payment to the sellers during the trade. It is used in both domestic and international trades market in order to facilitate secured payment terms and transactions globally. In addition, a bank or a financial institution acts as a third-party between the buyer & the seller, which issues a letter of credit and guarantees the payment of funds on the completion of certain commitments, mentioned in the trade documents. Furthermore, for confirmation of letter of credit transaction usually involves two banks namely, the buyer’s bank which is an issuing bank and the seller’s bank which is a confirming bank. The payments are guaranteed by the issuing bank that further issues a letter of credit on behalf of the importer. Moreover, the confirming bank adds its confirmation to the letter of credit, assuming that the terms & condition for existing trade are fulfilled from issuing banks.

 

With an increased global trade and to avoid risk of payments, the importers and exporters are largely implementing protection for their trade documents via letter of credit confirmation services. In addition, rise in demand for customized trade finance solutions globally and regulatory support in growth of strict regulations for secured letter of credit confirmation services is some of major growth factors in the market. However, due to an involvement of several intermediaries between the issuer and beneficiary banks globally, the online letter of credit confirmation procedure are prone to fraudulent and cyber attacks such as loss of huge trade amounts and confidential data leakages. This, as a result, becoming major restraining factors in the letter of credit confirmation market.

 

On the contrary, increase in technologies such as distributed ledger technology (DLT) and blockchain is expected to provide lucrative opportunities in terms of creating real-time digitalized letter of credit contract, auto notifications alert over trades, and enhance business efficiency in the market. Moreover, increase in business operations and global trading among small & medium enterprises, and large companies are providing lucrative opportunities for confirming banks to expand their business in letter of credit confirmation services in the market.

 

The global letter of credit confirmation market is segmented on the basis of L/C type, end user, and region. In terms of L/C type, it is bifurcated into sight L/Cs and usance L/Cs. Based on end user, the market is segmented into small enterprises, medium-sized enterprises, and large enterprises. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

 

The key players profiled in the global letter of credit confirmation market analysis are Bank of America Corporation, Citigroup, Inc., DBS Bank Ltd, JP Morgan Chase & Co., Mizuho Bank, Ltd., MUFG Bank, Scotiabank, Standard Chartered, Sumitomo Mitsui Banking Corporation, and The PNC Financial Services Group, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

 

Key benefits for stakeholders

– The study provides an in-depth analysis of the global letter of credit confirmation market along with the current & future trends to elucidate the imminent investment pockets.

– Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.

– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

– The quantitative analysis of the global letter of credit confirmation market from 2020 to 2027 is provided to determine the market potential.

 

Key Segments Studied in the Global Letter of Credit Confirmation  Market

Professional Key players:  Bank of America Corporation,  Citigroup, Inc.,  DBS Bank Ltd,  JP Morgan Chase & Co.,  Mizuho Bank, Ltd.,  MUFG Bank, Scotiabank, Standard Chartered,  Sumitomo Mitsui Banking Corporation, and The PNC Financial Services Group, Inc.
Market Segmentation:
Letter of Credit Confirmation Market

By L/C Type (Sight L/Cs and Usance L/Cs),

By  End User (Small Enterprises, Medium-sized Enterprises, and Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2020-2027

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

Economic Consequences of the COVID-19 Outbreak on Market: The Study Explore COVID 19 Outbreak Impact Analysis & Conclusion by Economic Impact & Risk Factors

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in COVID-19 Outbreak:

The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

– Detailed Overview of market helps deliver clients and businesses making strategies.
– Influential factors that are thriving demand and constraints in the market.
– What is the market concentration? Is it fragmented or highly concentrated?
– What trends, challenges and barriers will impact the development and sizing of market?
– SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
– What growth momentum or acceleration market carries during the forecast period?
– Which region is going to tap highest market share in future?
– What Application/end-user category or Product Type may see incremental growth prospects?
– What would be the market share of key countries like United States, France, UK, Germany, Italy, Canada, Australia, Japan, China or Brazil etc.?
– What focused approach and constraints are holding the market tight?

– What impact of COVID-19 lockdown on consumers’ awareness, behavior, and attitudes?

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Key Points Covered in Letter of Credit Confirmation  Market Report:

Executive Summary
Table of Contents
List of Figures
List of Tables
Introduction
Segmentation By Geography
Letter of Credit Confirmation  Market Characteristics
Supply Chain And Key Participants

Letter of Credit Confirmation  Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Letter of Credit Confirmation  Global Market PESTEL Analysis by Political, Economic, Social, Technological, Environmental, Legal
Letter of Credit Confirmation  Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Letter of Credit Confirmation  Market, Regional And Country Analysis
Global Letter of Credit Confirmation  Market, , By Region, Value ($ Billion)

Global Letter of Credit Confirmation  Manufacturing Market, Historic And Forecast, Segmentation

Letter of Credit Confirmation  Market Overview
Region Information
Market Information
Background Information
Taxes Levied
Government Initiatives
Regulatory Bodies
Regulations
Associations
Investments
Competitive Landscape

Global Letter of Credit Confirmation  Market Top Opportunities By Segment
Global Letter of Credit Confirmation  Market Top Opportunities By Country
Global Letter of Credit Confirmation  Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
Appendix
Research Methodology
Currencies
Research Inquiries
Copyright and Disclaimer

……..and view more in complete table of Contents

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