Can provide your business with full protection against unfavourable foreign exchange movements.
Can protect against unfavourable exchange rate movements and provide some ability to participate in favourable exchange rate movements.
In addition to protection against unfavourable movements, you can participate in favourable currency movements.
Cash flow management
We provide a number of services for foreign currency accounts, including making payments from your on and offshore accounts.
We can support your import or export business by facilitating an onshore overdraft in most major currencies.
If you need to make payments overseas, telegraphic transfers are a fast, convenient way to make sure your funds get to where they need to be.
Let us manage your export documents - you’ll find this process is more cost effective than a documentary letter of credit.
We check that the terms and conditions of the documentary credit have been complied with, before forwarding documents to the buyer's bank.
We can provide post-shipment finance by negotiating (or buying) the bill of exchange for up to 100% of its face value.
A formal undertaking by Westpac to pay your supplier provided they meet the terms and conditions of the documentary credit.