| Small and mid-sized commodity traders are being squeezed as banks retreat from global trade finance or offer the "wrong type" of loans, according to law firm Clyde & Co. Trade finance is harder to access today than it was a decade ago, according to 77 per cent of companies and executives surveyed in the report to be published Monday by the London- based legal firm.
Bank-led trade finance has slumped by half from a peak of US$14 trillion before the global financial crisis in 2008 to about US$7 trillion, Clyde & Co said. That's forcing traders and commodity producers to rely on a "complex patchwork" of financing to meet their needs...............................................Full Article: Source
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