Export services

Make the most of your opportunities for doing business internationally with our range of export solutions.

Request our Guide to Exporting

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  > Cashflow management
  > Trade finance
  > Business Online banking

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Export Documentary Letter of Credit
provides a conditional undertaking by the buyer’s bank to guarantee payment - provided all the relevant terms and conditions of the Documentary Letter of Credit are met  
can help protect you from buyer risk.  
Export Documentary Credit - Confirmation
means you can transfer any bank and country risk to us  
can help protect you from buyer, bank and country risk  
can enable business expansion into regions where risks associated with the issuing bank or country is difficult for you to measure and accept.  
With an Export Documentary Credit Confirmation, we’ll ‘confirm’ the Letter of Credit and conditionally guarantee payment - provided all the relevant terms and conditions are met.
Export Documentary Collection
If you and your trading partner have developed a relationship of trust, an Export Documentary Collection may be appropriate as it
allows us to facilitate the document release to your buyer, and the payment process  
means documents can be released either on payment or an agreement to pay at a future date  
means you retain control over shipping documents until payment or a promise to pay is received.  
With an Export Documentary Collection, there is the risk of default if your buyer does not make the payment even though they may already have the goods.
Open Account
If you have a well-established trading relationship and are very comfortable with your supplier, you might choose to trade on an ‘Open Account’ basis. Your buyer would also need to feel very confident that you will supply the goods as per your agreement.
When trading on an Open Account basis, bank drafts and telegraphic transfers are common ways to receive payments from your overseas suppliers.
> find out more about cashflow and payment solutions for international trade  
Managing risk
When deciding on how and when to receive payments from your customers, you’ll need to consider
the type and size of the transaction  
how well you know your customer  
how much bargaining power you’ll have (tied to the demand of your product)  
which types of payment risk you’ll be exposed to  
how much risk you’re willing to assume  
how much risk your customer will take on.  
Level of risk you can expect with each payment option
Export finance
With our Trade Finance you can
finance the production or purchase of goods for export before you receive payment  
have flexibility with the amount and term of finance (up to 180 days), based on your business requirements.  
> find out more about our Trade Finance  
> request our Guide to Exporting  
The above products and services are provided by Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia (New Zealand division).
Westpac's current lending criteria apply to all applications for finance.
The information on this page is presented subject to Westpac New Zealand Limited's ("Westpac's") legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
Copyright©2009 Westpac New Zealand Limited