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Online Trade Survey

This is the home page for the survey into online trade finance, PhD research by Mark Dixon of The University of Western AustraliaGeneral information about the research appears here.  Invited participants may register, take the survey, and access the discussion forum by clicking the buttons below.

The survey is now complete.  A report to participants is being mailed to participants this week (24th Jan 2004) and should arrive by international post within two weeks.

Many thanks for your assistance.

Please tell me about how you would like to keep in contact
and what you thought of this Delphi survey:
<CLICK>Exit Survey<CLICK>

For historical reference only, the questions in each of the three rounds
can be viewed here:
Round 1; Round 2; Round 3.

Register for the Survey
Take the Round 2 Questionnaire
Join the Discussion Forum
Useful Links for International Trade Banking & Finance

Why is this study being done?

Several systems were launched in the recent past to aid the complex processes behind financing international trade.  Bolero.Net, E-Tad, Identrus, Orbian and  TradeCard to name just a few.  There are also some major developments in the infrastructure of international payments: CLS and WATCH for example (the WATCH project is temporarily on hold).  This survey’s purpose is to collate expert opinion on what effects these changes will have on the international trade finance industry and its customers. Should we expect more entrants to this marketspace?  Or will consolidation and cooperative ventures ensue?  What shifts in risk and cost will occur in dealing with trade and its finance?  What will those shifts do to current business relationships?  What impact will these developments have on importers, exporters, banks, governments, business and consumers? Even minor shifts in the handling of the world's $USD7 trillion per annum (UN figures, 1999) or the cost of processing it (about 6% or $420 million, also a UN estimate) will make a substantial difference in absolute terms.

Who is involved in this study?

Those involved in the development and use of systems for trade can be loosely grouped into a few categories:

  1. Financial institutions that provide trade finance.
  2. Finance managers in businesses (notably importers, exporters, insurers, carriers and freight forwarding services) that use trade finance.
  3. Government agencies such as customs, quarantine, economic planners, and agencies of national security.
  4. Researchers, academics, and writers that study international trade, banking and finance.

People in these groups necessarily have different perspectives on trade and its finance and so this study seeks input from interested parties in each group.  Recognized leaders from each of these categories are being contacted in 2003 to invite their participation. 

If you have received an invitation to participate but have not yet registered, please click the "Register" button, above.  If you, or your organization, have an interest in trade and trade finance and wish to participate in this survey please contact the researcher Mark Dixon

How will participants benefit from this study?

All participants will be supplied with the detailed results of the study which is expected to conclude in 3rd quarter 2003.  Whichever group you represent, the findings of this study should provide you with useful insights and a potential competitive edge in trade and finance.  The process is likely to extend your professional network of contacts, highlight new information sources available to you, and provide you with up-to-date opinion on a vital new area, not just from your own perspective but also that of users, service providers, policy makers and academic view-points.

How much time will this study take?

If you choose to participate, you will receive a short list of questions that ask for your opinion on the directions of and forces influencing online services for international trade finance and banking.  Responding will probably take you less than half an hour.

Within four weeks of receiving responses I hope to provide you with a synthesis and analysis of the groups' opinions and present a second list of questions.  The next list of questions will be more specific but will probably take less time to answer.  A synthesis of the second round responses and a third round questionnaire is also likely.  Within two months of the third round I expect to be able to report the analysis of the whole process to all participants.

Concurrent with, and after the study, I am running an online discussion forum for these issues.  The forum should provide some extra detail in some areas due to a quicker turn-around than the Delphi study.  This part of the process is optional but is expected to be highly informative and rewarding for those with a few minutes a week.  The discussion forum is set up as an online bulletin board (click here to see the forum).

What is the Delphi method?

To answer questions like those above, one of the best methods is to collate expert opinion.  In the 1950s and '60s Dalkey and Helmer at the Rand Corporation in the United States developed a method for doing such a collation.  The Delphi method, as it came to be known, has been used successfully since then to make useful predictions in complex areas where highly developed expertise is required.  The name "Delphi" was adopted from the Greek legends of the oracle at Delphi, a priestess who was consulted on matters of national or great personal importance.  The Delphi method has achieved recognition in research circles for its useful contributions to the science of forecasting as described in an informative essay at Illinois Institute of Technology.  This particular Delphi study uses an additional "online" component - you can contribute to, and follow the thread of some of the questions in a bulletin-board discussion forum which is open only to participants.  Once you register, a logon id and password for that part of the web-site will be sent to you.

Inquiries should be directed to: Mark Dixon, mdixon@ecel.uwa.edu.au,
School of Economics & Commerce, Delivery Point: M261
The University of Western Australia
35 Stirling Highway
Perth, Western Australia 6009
phone: +61 (0)41 382 0071
fax: +61 8 9380 1004.
Page last updated:  23/11/04