Traxia (TMT) Live Price and charts Today

On any given day around the world there are around $43 trillion of accounts receivable or accounts payable on the books of businesses, of which, banks only finance around $3 trillion of the total (Kemper, 2016). On a more granular level, there is a gap in global trade finance of around $1.6 trillion, most arising from Asian companies (Asian Development Bank, 2016). The International Chamber of Commerce refers to trade financing as the ‘oil’ in the engine of international commerce and highlights the unmet demand for such financing (International Chamber of Commerce, 2017).