Benefits.

Flexibility

You decide the amount and term of finance based on your business requirements.

You can control which international transactions or group of transactions you wish to finance, including the currency used and the period of finance, up to a maximum of 180 days.

Extended term options 

You can extend the finance term up to 180 days from date of shipment or beginning of the export pre-shipment period. The minimum term is 15 days.

A choice of currency

Finance is available in New Zealand dollars and most other major currencies.

Simple documentation

Once your Trade Finance limit is in place you can make individual drawdown requests online or by fax request.

Importers can use Trade Finance to:

  • Improve their bargaining power with overseas suppliers.
  • Settle immediately with their supplier to avoid any price increases for extended credit terms.

Exporters can use Trade Finance for:

  • The pre-shipment period to fund open account sales.
  • Provide funding at a later date, pending receipt of your proceeds.

Repayments.

With our Trade Finance, you can finance specific consignments and select the term that matches your cashflow cycle.

You must make full repayment, including interest, at the end of the finance term, or by arrangement with us.

Things you should know.

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.