George Magazine

product CASHFLOW FINANCE TRADE & Trade finance depends on secure tracking of physical risks in the chain between exporter and importer. St.George is offering new financing solutions to mitigate those risks and help international businesses grow. GLOBAL MARKETS can move quickly, which is why St.George offers a comprehensive suite of Trade and Cashflow Finance services. Ensuring smooth operations and liquidity isn't just good for managing day-to-day operations, it's also vital if a business is to remain agile and competitive. "We're very much about having meaningful discussions with clients and delivering solutions that allow them to take advantage of business opportunities and grow in their chosen market or industry," says Paul DeAngelis, Head of Trade & Cashflow Finance. Paul likes to talk about solutions, not just products and services. Designed to help importers and exporters finance their working capital, St.George's Trade and Cashflow Finance Services are easy to use, easy to access and allow clients to obtain finance as required. Paul says that they deal with various types of the clients, and to illustrate how their solutions work best uses the example of a company that purchases raw materials in China. SERVICES FOR IMPORTERS IMPORT LETTERS OF CREDIT ESTABLISHMENT INWARD DOCUMENTARY COLLECTIONS PAYMENTS TO SUPPLIERS IN AUSTRALIAN DOLLARS OR FOREIGN CURRENCIES POST-SHIPMENT FINANCE FOR UP TO 180 DAYS PREPAID LETTERS OF CREDIT—FOR ONE-OFF REQUIREMENTS "We assist that client with the sourcing of goods by providing trade finance to pay their suppliers," he says. "We support them by providing working capital finance through the manufacturing process until the finished goods are sold to the end buyer. "By converting trade finance into receivables or invoice finance a client is able to access additional working capital as a result of their 'value adding'. This is a great example of how we finance the physical supply chain via a seamless process." These end-to-end solutions allow a client to confidently purchase goods from an overseas supplier and sell their products to local or offshore buyers. In the current environment clients are looking to extract greater value from their balance sheet assets and that's where Paul and his team come in. "By leveraging specific assets, such as inventory and trade receivables, we can structure solutions that support a client's growth and help them meet their business needs. It's a great suite of products—it's ideal for businesses looking to grow by accessing higher levels of working capital," Paul says. SERVICES FOR EXPORTERS LETTERS OF CREDIT DOCUMENTARY COLLECTION OF EXPORT PROCEEDS DOCUMENTS NEGOTIATION POST-SHIPMENT FINANCE INWARD PAYMENTS IN AUSTRALIAN DOLLARS AND MAJOR CURRENCIES Disclaimer: This information has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. george.product 30

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