Export collection negotiations

Short term post-shipment finance

We can provide you with short term, post-shipment finance by negotiating the bill of exchange for up to 100% of its face value. In addition, you can expect:

• A credit period of less than 180 days
• No minimum transaction value
• No payment delays – we will pay you upfront upon presentation of documents.

Benefits

• Fixed term to match that of the underlying trade transaction (not to exceed 180 days)
• Interest can be charged on a discount (establishment) or yield (payment) basis.

Terms

• The terms of the negotiation will match that of the underlying trade transaction as long as this doesn't exceed 180 days
• A credit assessment will be undertaken so that we can supply a credit limit based on your trade needs
• If the bill or documents forwarded overseas for payment are refused or dishonoured, we have recourse to you.
  

Arrange for Westpac’s bill of exchange negotiations process by:

• Calling our International Trade Solutions team on 1300 139 152
• Contacting your Relationship Manager.

Transact online through WinTrade

• If you’re a Westpac customer with WinTrade access, you can transact online.
• If you require WinTrade access, call our International Trade Solutions team on 1300 139 152.