International trade products
We understand the complexity and challenges of international trade. Below is a list of our international trade services including downloadable application forms.
Make an appointment today (link to contact us page) with one of our experienced Customer Service Representatives for advice on how to simplify International Trade.
| Export Documentary Credit: Is a conditional undertaking issued by an overseas bank on behalf of a client (the buyer) to pay you (the supplier), provided that you present documents and adhere to the letter of credit terms and conditions. Download the brochure | For more information: |
| Import Documentary Credit: Is a conditional undertaking issued by the Commonwealth Bank at your (the importers) request to pay an overseas supplier, provided that the terms and conditions specified in the documentary credit are complied with. Import Documentary credits enable your suppliers to substitute your creditworthiness with that of the Commonwealth Bank. Download the brochure | |
| Export Documentary Collection: Is a method of payment for goods that you (the exporter) have shipped overseas. The shipping and other documents are delivered by the Commonwealth bank to your buyer's bank for acceptance of payment. The documents can only be released to the buyer in accordance with your instructions, which we provide to the overseas bank. Download the brochure | |
| Import Documentary Collection: Is a method of payment for goods that have been shipped to you. The shipping and other documents are delivered to the Commonwealth Bank by your supplier's overseas bank. The documents can only be released to you in accordance with the instructions provided by the overseas bank. Typically this will require you to make payment or promise to pay at a future date. Download the brochure | |
| Trade Advance: Provides short term finance for import and export transactions and can be denominated in Vietnamese Dong or any other freely negotiable currency. However, foreign currency trade advances are restricted to the currency of your trade invoice. Trade Advances are available for periods of 30 to 185 days. Download the brochure |
