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Finance for Export instructions

Finance for Export instructions

You will need a Finance for Export form when applying to Westpac for pre- and post-shipment finance on your export sales. You can refer to the instructions below to help you complete the form correctly.

You must ensure that page 2 of the application form is signed in terms of existing authorities held by the Bank.

Finance for Export form instructions

Re: Exportation of… - Give brief details of the underlying export transaction. Note: if pre-shipment finance amend "carrying vessel" to read "estimated date of shipment".

Finance amount  - Enter full amount of currency and amount required to be financed.

For a period of… - Enter term required in days. Note: term is not to exceed the period required to complete the underlying transaction. Maximum period is 180 days after date of shipment (includes any pre-shipment finance period).

Complete only one of the below:

  • Converted at your Bank's telegraphic transfer buying rate of exchange....
    Where finance is converted at today's exchange rate and credited in Australian Dollars to the applicants account; or
  • Delivered under your Bank's Forward Exchange Contract no. ....
    Where finance is converted at an existing forward exchange contract rate and credited in Australian dollars to the applicants account; or
  • Credited to our Foreign Currency Account no. .... - Where finance is retained in a foreign currency and credited to the applicants foreign currency account.
    Rate of … % per annum - Enter the interest rate quoted/agreed.
Things you should know

Overdraft facilities are subject to application and Westpac's lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the Terms and Conditions for this product are available on request.