International Trade (Importers & Exporters)

Expand your international trade business with our range of useful products and services. Our experienced international trade team know the ins and outs of importing and exporting to and from Australia – they’ll help you get the most out of your international transactions.

Products we offer

  • Trade Finance via short term loans structured to fit your capital cycle
  • Clean Payments via SWIFT
  • Documentary collection and credit that ensures funds are always correct and paid on time
  • Correspondent Banking for most international banks

Services

Risk Mitigation tools for peace of mind across all international transactions

 

Finance options to help streamline your cash flow

Documentary letters of credit, documentary collections, clean payments for import/export transactions

Foreign Exchange accounts, term deposits or contracts for USD, Pound, Euro and NZD

FAQs

In international trade, there are always gaps between payment commitment and receipt of proceeds from sales. Trade Finance is provided to close the gaps of the trade cycle by giving businesses access to finance to improve cash flow and manage payment risks more effectively. This enables you to be competitive in the global market.

The benefits of Trade Finance solutions include:

  • Access to finance for funding a business’ trade cycle, which incorporate its stock/debtor/creditor terms
  • The ability to offer earlier settlement for purchases, to secure favourable terms or offer extended payment terms to buyers, if required
  • Access to multi-currency sources of funding with flexible tenor, competitive interest rates (i.e. usually up to 180 days) to match cash flow needs
  • The ability to free or unlock the funds tied up in debtor receivables
  • Securing payment with a bank’s undertaking eg. Letter of Credit, Bank guarantee or avalisation of Bill of Exchange
  • Access the benefits of a ’natural hedge’ in situation where sales/purchases are made in the same currency

We have a suite of Trade Finance services available for Importers and Exporters including but not limited to:

  • Irrevocable Letters of Credit
  • Documentary Collection services
  • Trade loans/Advances for pre and post shipment financing
  • Bank Guarantees/Bonds
  • Export Letter of Credit confirmations

There are a number of trade risks involved with dealing overseas, including and not limited to the following:

  • Payment risks: eg. “How do I get paid?”
  • Delivery risks: eg. “Will I receive the goods/services I ordered?”
  • Performance risks: eg. “Will the Supplier produce the goods/services I ordered?”
  • Foreign exchange risks: eg. “How do I manage a foreign exchange risk?”
  • Cross border and country risks: eg. “How do I manage sovereign risk?”

If you intend to conduct or are already conducting cross-border business, including importing/exporting and/or undertaking overseas projects, Trade Finance services can facilitate these activities efficiently. Bank of Sydney provides a range of relevant services.

Call our helpdesk on 13 95 00 or email us at info@banksyd.com.au

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We're here to help

Our Corporate and Institutional Bankers are on hand to help when you need it.

Ask questions or give feedback via our online enquiry form.

Talk to one of our friendly staff between 9:30am – 5:00pm (AEST) Monday to Friday.

Any advice or information does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you.

Terms and Conditions and Fees & Charges apply and are documented in the Deposit, Saving & Transaction Accounts Product Disclosure Statement (PDS) and Internet Banking Terms & Conditions. These are available from any branch of Bank of Sydney, at banksyd.com.au or by calling (13 95 00). It is recommended that you read them prior to making any decisions as this advice is general and does not take into account specific individual needs.