Let us help you manage your export documents so you can devote more time to growing your business. You’ll find this process is more cost effective than a documentary letter of credit due to a simpler process. In addition the complete documentary collection process is monitored and is available in most major currencies.
We can help with the process surrounding your documentary credit. Upon receipt of documents from you, Westpac checks that the terms and conditions of the documentary credit have been complied with, before forwarding documents to the buyer's bank.
- Securely receive payment from your international customers
- Available in most major currencies.
Reduce your exposure to bank and country risk with protection for documentary credit payments.
- Guarantees payment by Westpac against compliant documents, even if the documentary credit issuing bank is unable to provide payment
- Often used for transactions with buyers in developing countries.
Things you should know
Credit facilities are subject to application and the Bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the Terms and Conditions for all the products and services which do not have a Product Disclosure Statement are available on application.