Trade finance

Westpac's experienced trade finance staff are able to provide a broad range of trade finance products to assist you with all of your trade requirements.

• Foreign Currency Overdraft Facilities
• Irrevocable Documentary Credit
• Export Lodgement
• Exports Letter of Credits
• Inward Foreign Collection
• Pre/Post Shipment Finance
• Standby Letter of Credits
• Bill of Lading Guarantees

Foreign Currency Overdraft Facilities

If you are an importer or exporter you can maintain an overdraft in most major currencies at competitive rates of interest. This is useful when you are unsure of the timing of your trade transactions. Download an application form below.

 Foreign currency overdraft form (PDF 22kb)

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Irrevocable Documentary Credit

We can pay your supplier on your behalf, to help you meet your financial commitments. Firstly, we receive the documents from your supplier and check to ensure they comply with the terms and conditions of the credit. The documents will then be released to you for collection of goods.

Print out the Irrevocable Documentary Credit application form and send it or bring it to your local Westpac branch.

 Irrevocable documentary credit form (PDF 39kb)

If you require an amendment to your documentary credit, print the following form and send it to your local branch.

 Amendment to documentary credit form (PDF 20kb)

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Export Lodgement

To access export documentation for your trade transactions, print the following application form and send it to your local branch.

 Export lodgement form (PDF 33kb)

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Exports Letter of Credits

Export Letters of Credit are received from overseas; the beneficiary prepares the documents and exports the goods. Documents are then brought to the bank for payment and on forwarded to applicants Bankers and then to the applicants.

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Inward Foreign Collection

Documents are received from overseas banks for our local importer and upon payment / acceptance documents are released for the clearance of goods.

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Pre/Post Shipment Finance

Export Finance facility to assist exporters to obtain credit at concessional rates of interest. Can help improve international competitiveness.

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Standby Letter of Credits

Is a guarantee for payment (if there is a default in contract between a buyer and seller and the buyer is not paying on time then the seller calls on the bank for payment.

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Bill of Lading Guarantees

The guarantee assists buyers clearing their goods on non-receipt of documents on time.

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