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Trade finance for financial institutions

In an increasingly global economy, clients are often seeking to take advantage of new markets. To meet their needs fully, you need a partner in the Australian market who you can rely on. That partner is the Commonwealth Bank of Australia.

The Commonwealth Bank is Australia’s leading institutional bank*, with businesses in New Zealand, Singapore, Hong Kong, Indonesia, Vietnam, Japan, Fiji, the UK and the US. With over 1,000 domestic branches, we are also Australia’s largest retail bank.

We provide a wide range of products and services to financial institutions, delivered by an experienced group of trade professionals with access to our global resource network.

Product Features

Documentary credit advising

  • Uses established SWIFT links to advise documentary credits into the Australian market, ensuring low switching costs from your current provider
  • Guarantees accurate and fast advice to the exporter via CommBiz Global Trade, our multi-state distribution capability and e-channel

Documentary credit confirmations

  • Provides our guarantee in addition to your own to aid risk-averse exporters
  • Improves trading confidence and, potentially, the terms of trade

Documentary credit reimbursement

  • Allows you to leverage a new or existing AUD clearing account with us
  • Provides a reliable and centralised payment process for your credits
  • Permits continued issuance through other Australian parties where there are existing importer/exporter arrangements

Reimbursement undertakings

  • Allows you to take advantage of our preferential confirmation pricing and reimbursement services

Documentary collection services

  • Centralises distribution and collection for your export customer collections
  • Reduces the need for multiple banks and multiple branch interactions as we act as your local agent

Financial institution documentary credit refinancing

  • Provides a refinancing arrangement for your import documentary credits issued through the Commonwealth Bank
  • Allows us to pay the exporter on a sight basis, receiving proceeds from you at a future date
  • Offers the advantage of preferential offshore funding rates that you can pass on to your clients if you wish
  • Allows your clients to negotiate reduced purchasing costs by offering improved credit terms to the supplier

Risk participations

  • Allows you to lay off risk to the Commonwealth Bank in areas where you do not have available limit and purchase risk from us where you are strong

*East & Partners, Institutional Banking Markets Program, 2006, 2007, and 2008 – categories: ‘Understanding of Customer’s Business’ and ‘Loyalty to the Relationship’.

  • Important information
    Full terms and conditions, including any fees and charges, are available on application. Applications for finance are subject to the Bank’s normal credit approval.
    As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. If you have a complaint, the Commonwealth Bank’s dispute resolution process can be contacted on +61 1800 805 605. Financial markets’ products contain an element of risk: the level of risk varies depending on the product’s specific attributes and how it is used. The Bank will enter transactions on the understanding that the customer has: made their own independent decision to enter into the transaction; determined that the transaction is appropriate; ensured they have the capacity to evaluate and understand the terms, conditions and risks; and is not relying on any communication or information from the Bank as advice. Commonwealth Bank of Australia ABN 48 123 123 124.