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Export collection negotiations

Short term post-shipment finance.

We can provide you with short term, post-shipment finance by negotiating (or buying) 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 limit
  • No delays - we'll give you the payment on 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 endeavour to supply a credit limit based on your trade needs
  • If the bill or documents forwarded overseas for payment are refused or dishonoured after acceptance, we have recourse to you.
Things you should know

Credit facilities are subject to application and the Bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the Terms and Conditions for all the products and services which do not have a Product Disclosure Statement are available on application.