As an importer, extended payment terms can assist you with managing your cash flow. There are several solutions available to help meet your business needs.
A trade advance provides short-term finance for import transactions. This form of finance may be cheaper than accepting deferred payment terms from your suppliers, as a supplier may load an interest cost into their price of goods sold to you.
Australian dollar trade advance
This is a fixed term, fixed interest rate loan available in Australian dollars (AUD). Although denominated in AUD, the amount you pay a supplier may be in either a foreign currency or AUD. It is best suited to medium-value transactions that are cleared in the short term.
Foreign currency trade advance
This is similar to the Australian dollar trade advance, except that your finance is provided in a foreign currency which is generally the same as the currency that is due to the supplier.
Trade finance facility
A trade finance facility helps you meet cash flow shortages arising from a mismatch in the timing of payments for goods or raw materials, and the receipt of payments from the selling of manufactured goods.
A trade finance facility allows you to incorporate one or more trade finance options into a single package, giving you a complete solution for effective cash flow management.
Equipment import finance is a working capital solution that provides for all your trade and related asset finance requirements. It is suitable for businesses that need to invest in capital equipment or that require a combined facility offering foreign exchange, import finance and asset finance solutions.
This facility provides for all aspects of manufacture, import, commissioning, payment and long-term asset finance. It also facilitates payment to offshore manufacturers in any approved currency, allows foreign exchange and interest rate hedging, and provides pricing certainty.