Trade finance

If you import or export goods, our Trade Finance department can help.

We offer a range of solutions to help you manage your business.

  • Trade advance

    Provides funding for up to 180 days for import, export or domestic stock purchases.  Being able to sell your goods and receive payment for them before having to repay the Trade Advance, allows for greater cash flow flexibility.

  • Import letters of credit

    An import letter of credit allows you to access new suppliers and improve your cash flow.  It defers advance payments for goods resulting in more favourable payment terms.

  • Export letters of credit

    As an exporter, confirmation you will be paid for the goods you have shipped is important.  When you receive a letter of credit issued by the buyers bank, we ensure you receive  payment by 'confirming' the letter of credit and taking on the risk of obtaining the payment from this bank.

  • Import/Export documentary collections

    Documentary collections are a secure way to control your export or import documents.  Well-established bank to bank document transmission processes provide greater control over international payments, and greater protection than trading on open accounts.  They are more flexible than a letter of credit as the bank does not guarantee any payments.

  • Tender, bid and performance bonds & guarantees

    Exporters use performance bonds as a tool to give overseas customers security that they will delivery on a contract.  We can issue bonds and guarantees in all major currencies to support your contracts.

    • Foreign Exchange

    Bendigo Bank can help you manage your foreign currency exposure via spot and forward currency exchange contracts.  We can help you find the best solution for your foreign exchange hedging requirements.

    • Import Finance

    Import letters of credit, import documentary collections, and open account payments can be refinanced in all major currencies for up to 180 days.

    • Export Finance

    Post shipment finance is available against export letters of credit on a recourse or non-recourse basis.