Import and Export Financing

About our Trade Finance

Importers or domestic traders may require finance to support their cash flow between the purchase and the sale of goods.

Exporters may require pre-shipment finance to support the purchase of stock, value add process, or post-shipment finance to manage cash flow prior to being paid for goods sold overseas.

Trade Finance Loans

BOQ Trade Finance loans are designed to support domestic and international trade transactions. Using Trade Finance loans, businesses can manage their cash flow and working capital requirements, through structured short-term loans. Businesses who experience long cash conversion cycles, who hold large levels of inventory and/or who are growing, are generally customers who can benefit from Trade Finance loans.

Export Finance Australia (EFA) Working Capital Guarantee

BOQ can also assist exporters with their working capital requirements by advancing funds against guarantees from EFA; a government statutory body with which BOQ holds established arrangements. EFA was formerly known as EFIC – Export Finance & Insurance Corporation and changed its name in 2019.

Features and Benefits

Available for businesses involved in importing, exporting and/or domestically trading goods and services
No minimum transaction size
Available in all the major currencies, including but not limited to: AUD, USD, GBP, EUR, NZD, CAD and JPY
Can be used to meet a variety of needs, depending on your circumstances
Fixed term with fixed interest rate may enhance cash flow management (partial pre-payments are allowed before the maturity date)
Maximum term of finance for a specific transaction is typically 180 days and should reflect the cash conversion cycle or stock turn
Establish and amend import documentary letters of credit, and monitor a range of international transactions using Trade Enabler, BOQ's online trade finance system