To help your businesses remain competitive in international trade, ANZV offers Trade Finance facilities for importing. ANZV Trade Finance is available in United States Dollars (USD) or other tradable currencies as requested and offers competitive interest rates.
Our two key products are:
- ANZV Import Trade Finance (trust receipts), which can assist with meeting working capital shortfalls generated by the timing mismatch between the payments you make to suppliers and the receipt of sales proceeds from your clients.
- ANZV Import Letters of Credit, which can provide your business with a secure method by which to transfer funds to international suppliers and can be available within 24 hours of lodging correct import documentation with the bank. Your suppliers will be given greater confidence by transacting under Letters of Credit issued by a bank governed by international standards. ANZV offers several types of Letters of Credit including sight and issuance Letters of Credit, Standby Letters of Credit and revolving Letters of Credit.
Importantly, Letters of Credit issued by ANZV do not require confirmation, saving you and your supplier money.
Trade finance facilities are subject to ANZV lending criteria and credit approval.