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Westpac Trade Finance provides a means of financing your trade transactions through fixed rate and fixed term loans. |
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| You 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. |
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| Importers can use Trade Finance to |
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improve their bargaining power with overseas suppliers |
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settle immediately with their supplier to avoid any price increases for extended credit terms. |
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| Exporters can use Trade Finance for |
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the pre-shipment period to fund open account sales, or |
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to provide funding at a later date, pending receipt of your proceeds. |
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| Our Trade Finance provides |
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flexibility - you decide the amount and term of finance based on your business requirements |
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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. Minimum term is 15 days |
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a choice of currency - finance available in New Zealand dollars or most other major currencies |
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simple documentation – once your Trade Finance limit is in place you can make individual drawdown requests online or by fax request. |
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| With our Trade Finance, you |
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can finance specific consignments |
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select the term that matches your cashflow cycle |
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must make full repayment, including interest, at the end of the finance period, or by arrangement with us. |
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| We also provide Foreign Currency trade overdrafts. These can be more on-demand than fixed term financing, providing a useful alternative for financing smaller payables on a come-and-go basis over short terms. |
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