Trade Finance Key market participants Market participant Role Description Importer Core An entity requesting a cross-border product/service Import Bank Core An FI that assumes risk on behalf of the importer Exporter Core An entity providing the cross-border product/service Export Bank Core AnFI thatassumes risk on behalf of the exporter Inspection Company Supporting A company thatverifies that the goods shipped match those on the invoice Freight Supporting The transport of goods by truck, train, ship or aircraft Customs Supporting The country authority responsible for controlling the flow of goods Correspondent Banks Supporting An FI that provides services on behalf of import/export banks WORLD ECONOMIC FORUM | 2016 76
The Future of Financial Infrastructure Page 75 Page 77