International trade Read up on

You're starting a new business and are going to need to deal with your international suppliers in a foreign currency. Westpac can assist you with all the foreign exchange capabilities and risk management solutions you're going to need in your new business.

What financial risk do I need to consider?

Whatever your business's foreign exchange exposure is, there's no way to entirely eliminate risk. However you can certainly manage it. Westpac prides itself in understanding the foreign exchange risks you and your business may face, and in tailoring solutions unique to your individual needs.

Our vigilant risk management team can assist you in managing your financial risks relating to:

• Foreign exchange currency risk
• Interest rate risk
• Commodity price risk

We can also help you with:

• measuring and quantifying your financial exposures
• reducing or eliminating your transactional risks associated with purchases or sales
• reducing or eliminating your translation risks arising from changes in the value of foreign currency denominated assets and liabilities
• reducing variability in your corporate profits
• locking in variable financial exposures, or setting worse-case exchange rates and participating in favourable exchange rate movements; and
• identifying transactional and translation risks which may arise due to foreign exchange, interest rate or commodity price exposures.

To receive a copy of Westpac's FX Strategy Guide, please contact us.

What other risks do I need to consider?

There are other, non-financial risks you need to consider when setting up your new business. We can assist your business with these considerations and provide appropriately tailored, non-financial risk management solutions for:
your cash and liquidity management

• managing your banking relationships
• your accounting and administration needs
• your corporate finance and working capital management
• setting performance benchmarks and using hedging strategies to create value for your shareholders

What FX solutions do you have for my business?

Our team of Financial Market experts can provide your business with full dealer service on a range international foreign exchange products, payment solutions and services including a comprehensive range of risk management solutions such as:

• FX Transactions
• FX Forwards
• FX Options
• Asian FX Transactions.

What solutions do you have for my small business?

XYLO Foreign Exchange is Westpac's foreign currency payment solution tailored specifically for small business. This self-directed payments system puts you in control of all your foreign currency payment needs, via a fast, simple and secure online platform.

How can I learn more?

Our experienced Financial Markets team host regular FX Workshops for business customers. These workshops can take you from the basics of foreign exchange, including understanding influences on exchange rates, right through to the many solutions available to assist you in managing risks associated with dealing in foreign exchange with your business.
For more information, contact one of our dealers.