Why export collections?

  • You can be more confident that you'll be paid for the goods you're sending.

  • Your buyer will know that the goods are on their way to the correct port.

How it works

  • You pass us documents proving that you've shipped the goods.
  • We send the documents (together with your instructions) to the buyer’s bank overseas.
  • The overseas bank passes the documents to the buyer once:
    • they’ve received payment (“at sight”), or
    • they’ve made an agreement to pay at a later date (“term”).
  • The buyer can then use the documents to collect their goods from the port.

What it costs

For pricing, please email our Trade Finance Team at tradefinance@kiwibank.co.nz.