Finance for Export instructions

Finance for Export instructions

You will need a Finance for Export form when applying to Westpac for pre- and post-shipment finance on your export sales. You can refer to the instructions below to help you complete the form correctly.

You must ensure that page 2 of the application form is signed in terms of existing authorities held by the Bank.

Finance for Export form instructions

Re: Exportation of… - Give brief details of the underlying export transaction. Note: if pre-shipment finance amend "carrying vessel" to read "estimated date of shipment".

Finance amount  - Enter full amount of currency and amount required to be financed.

For a period of… - Enter term required in days. Note: term is not to exceed the period required to complete the underlying transaction. Maximum period is 180 days after date of shipment (includes any pre-shipment finance period).

Complete only one of the below:

• Converted at your Bank's telegraphic transfer buying rate of exchange....
  Where finance is converted at today's exchange rate and credited in Australian Dollars to the applicants account; or
• Delivered under your Bank's Forward Exchange Contract no. ....
  Where finance is converted at an existing forward exchange contract rate and credited in Australian dollars to the applicants account; or
• Credited to our Foreign Currency Account no. .... - Where finance is retained in a foreign currency and credited to the applicants foreign currency account.
   
  Rate of … % per annum - Enter the interest rate quoted/agreed.