Westpac Trade Finance

Flexible short term fixed rate finance

The advantages to both importers and exporters are that it is:

• Available in Australian dollars and most major currencies
• Has flexible terms and currencies
• Acts a useful cash management tool
• Fixed term to match that of the underlying trade transaction (not to exceed 180 days)
• Credit assessment undertaken to supply a credit limit based on your trade needs
• Interest can be charged on a discount (establishment) or yield (payment) basis
• Repayment is required in full at maturity
• Prepayment without penalty is allowed if within a 10 calendar day period prior to maturity.

The benefits for importers may include:

• Ability to obtain discount from your supplier by paying on an ‘at sight’ basis.

The benefits for exporters may include:

• Ability to obtain:
  • pre-shipment finance for up to 30 days, or
  • post-shipment finance for up to a maximum of 180 days including any pre-shipment finance (matching the underlying trade transaction).