Capital Markets
Trade Finance Indices
Proprietary indices tracking supply chain credit performance across archetypes and corridors — the Bloomberg of trade finance, built from Caviar's oracle-verified transaction data.
Key figures
How it works
From transaction data to benchmark indices.
Transaction data collected
Every trade finance transaction on Caviar's platform generates oracle-verified performance data — payment timing, default events, recovery amounts.
Oracle-verified
Raw transaction data is verified by Caviar's oracle network. No self-reported data, no estimates, no interpolation. Ground truth only.
Index methodology applied
Transparent, rules-based methodology constructs indices by archetype, corridor, credit quality, and tenor. Rebalanced and reconstituted on schedule.
Daily publication & derivatives
Indices published daily via API and data feeds. Derivative products — total return swaps, index CDS — reference published benchmarks.
Capabilities
Comprehensive trade finance benchmarks.
Archetype-specific indices
Dedicated indices for each trade finance archetype — approved payables, inventory finance, commodity pre-export, warehouse receipts, and more.
Corridor sub-indices
Sub-indices for each of 7 trade corridors. Track performance differences between Singapore-Vietnam electronics and East Africa agriculture.
Default rate indices
Rolling default rate indices by archetype and corridor. The first reliable, oracle-verified default statistics for trade finance.
Spread indices
Credit spread indices tracking the cost of trade finance across archetypes. Benchmark for pricing, relative value analysis, and portfolio construction.
Benchmark licensing
License Caviar indices as benchmarks for structured products, derivatives, and fund performance measurement. IOSCO-compliant methodology.
API access
Real-time and historical data via institutional-grade API. Programmatic access for quant strategies, risk models, and portfolio analytics.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Data source | Bank surveys, self-reported | Oracle-verified transaction data |
| Update frequency | Quarterly or annual | Daily publication |
| Coverage | Aggregate only | 8 archetypes, 7 corridors |
| Derivability | No derivative products | TRS, index CDS, options |
Use cases
Real-world applications
Portfolio benchmarking
Trade finance fund managers benchmark portfolio performance against Caviar archetype indices. The first objective performance measurement for the asset class.
Index-linked derivatives
Total return swaps and index CDS referencing Caviar indices. Gain synthetic exposure to trade finance credit or hedge existing portfolios.
Risk model calibration
Banks and insurers calibrate credit risk models using Caviar default rate indices. Oracle-verified data replaces expert judgment and proxies.
Subscribe to trade finance indices.
The first oracle-verified benchmarks for trade finance. Daily data, 8 archetypes, 7 corridors, institutional API access.