Our experience and expertise in the specialist field of trade finance has helped make ANZ a leading trade supplier. Our trade finance services include collections, documentary credits, bonds and guarantees.
Import and export letters of credit
Whether you are an importer or exporter, letters of credit can provide certainty of payment to you and your trading partners and may reduce your risk of exposure to faulty orders.
Under an import letter of credit, if the beneficiary (overseas exporter) complies with the terms in the letter of credit it will receive timely payment without reference to your creditworthiness as the payment risk is transferred from you, the importer, to us.
Likewise, under an export letter of credit, when you comply with the terms of the letter of credit your business receives payment on time from your trade customer’s bank.
ANZ offers both import and export collections. Exporters can ask ANZ to arrange collection of export proceeds from overseas buyers on their behalf. This process facilitates the collection and return of proceeds in accordance with the exporter’s instructions. As an importer, ANZ can receive and advise you of collection of documents received from your overseas suppliers. We can assist you through the collection process and remit funds to the overseas party on receipt of payment.
So why not let us share our expertise to help you through you trade dealings, and give you and your business some peace of mind.
Ask us about our international trade services by visiting your local ANZ branch or call +1 684 633 1151 to speak to an ANZ International Specialist today.
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