Case Study: a leading Chinese bank minimizes trade finance risk with S&P Global Market Intelligence

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

A leading Chinese bank, concerned with the risks of issuing letters of credit to other financial institutions, needed a more robust solution for conducting due diligence. Its international trade department was using a third-party data provider that offered unreliable, spotty data, which made the manual process of vetting a bank's creditworthiness and financial health inefficient and burdensome.

S&P Global implemented its Financial Institutions Dataset, providing a single, reliable source for comprehensive financial data and analytical tools. This solution enabled the bank to thoroughly assess counterparty risk, automate report customization, and leverage financial modeling, saving significant time and minimizing unwanted exposure. The bank subscribed to the service, gaining confidence in S&P Global's data reliability and responsive customer support.