Trade finance
Trade finance is available for your business in most major currencies. Use our services to finance your shipment of goods.
Flexible short term fixed rate finance
Westpac can provide you with short term, fixed rate finance for the shipment of goods.
The advantages to both importers and exporters include:
- Available in Australian dollars and most major currencies
- Flexible terms and currencies
- Acts as a useful cash management tool
- Fixed term to match that of the underlying trade transaction (not to exceed 180 days)
- Credit assessment undertaken to endeavour 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.
Benefits
The benefits for importers include the:
- Ability to obtain discount from your supplier by paying on an ‘at sight’ basis.
The benefits for exporters include the:
- Ability to obtain:
- pre-shipment finance for up to 30 days, or
- post-shipment finance for up to a limit of 180 days including any pre-shipment finance.
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.