Australian expansion creates trade finance opportunities

As the Interface Financial Group grows internationally, there are more opportunities for us to be involved in trade finance transacitons and fund cross border invoices.

Interface has grown significantly in Australia in recent months. There are now three offices open in Perth and Sydney. Enquiry levels have been brisk in recent months and some interesting transactions have been completed.

A mining services client in Townsville Queensland wanted to exapnd and take on larger clients. Standard terms of 60 days from existing clients were restricting their ability to grow. IFG was able to fund $27,000 worth of invoices to create an injection of working capital.

Another client, based in Melbourne Victoria, was providing helicopter transport services to clients such as oil companies. They were in the middle of a major restructuring of the company and its finances. IFG was able to fund nearly $900,000 short term to help facilitate this transition. Approximately a quarter of this was funded in US dollars as some of the company's invoicing was done in that currency. This is a great example of IFG's flexibility, international reach, and ability to fund larger invoices when necessary.

Australia is the biggest market for New Zealand exporters. We have the capacity to consider trade finance invoice discounting transactions with Australia.

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