Organising credit

Credit approval needs to be in place before you can make commodity derivative transactions. We have simplified our credit approval process and empowered our local staff to make decisions on credit.

Below is a list of documents we need from you in the first instance:

• General background to the business – core activities and ownership structure, experience and qualifications of key decision-makers, current borrowing and banking arrangements
• Details of current hedge exposures and risk management strategy
• Brief description of the properties, including total hectares, location, current value, and  any further information that you deem useful for the Bank to know
• For cropping activities, the area under cultivation for the last two years and the forecast for the current season
• For grazing activities, carrying capacities for the last two seasons and forecast production for the current season
• Farm gate prices received for the last two seasons
• Financial statements for the last two years for the borrowing entity and the guarantors, including balance sheets and profit and loss statements. If financial statements are not available for the most recent year, management accounts should be provided

Additional information may be required as your application is reviewed and processed by an agribusiness manager.

We recommend that you meet with one of our agribusiness managers to discuss our credit approval process in further detail. Contact an agribusiness manager in your area or please call AgriLine on 1300 245 463. We’re here to help you and to ensure the process is as smooth as possible.

If you do not want to establish a credit limit, you can opt for our collateral margining facility. This facility allows you to make agricultural swap transactions by using an Australian dollar cash deposit as security.

• Important information about advice
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).