Facilities to assist in import/export activities.
Suncorp's International Trade Finance division offers facilities designed to financially assist you in your import/export activities. We provide:
- finance up to and sometimes over 180 days,
- foreign exchange dealings, and
- risk management strategies.
(All these facilities are available in all major currencies.)
| Product |
Description |
| Import Letter of Credit |
The Import Letter of Credit is a bank guarantee issued by the buyer's bank to the seller's bank. It guarantees payment, provided the seller complies with the terms and conditions within the Letter of Credit. |
| Pre-Shipment Finance |
A funding facility that allows exporters or local suppliers to purchase and / or manufacture goods prior to dispatch to an overseas/domestic buyer. |
| Document Collection |
Allows the shipping documents to be presented to the buyer through the banking system against the buyers payment or their promise to pay at a future date before such shipping documents are released to them. |
| Import Refinance |
A funding facility that allows importers to finance the purchase of inventory or goods prior to their sale on the domestic market. |
| Post-Shipment Finance |
A funding facility that allows advances to be made against export documentation from the date of dispatch until the date payment is received from the overseas/domestic buyer. |
| Confirmation of Export Letters of Credit |
Suncorp can assist to mitigate against Bank and Country risk upon receipt of a Letter of Credit. |
| Negotiation of Export Letters of Credit |
If an exporter is not in a position to wait for payment due under a documentary credit, there is the possibility of finance being made available before the amount due under the documentary credit. |
All trade finance facilities are available to approved applicants only and are subject to fees and charges. Terms and Conditions also apply. Risks are involved in utilising foreign currency products and independent legal and accounting advice should be sought in relation to the risks involved and the suitability of these products for your specific needs.
