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Trade Finance Overview

Geography: This article is applicable for ANZ Transactive - Global customers banking in all ANZ geographies.
Full details are available in Features by Geography.
Trade Finance Video
This video is for Trade Finance in ANZ Transactive - Global.

An instructional video on how to view, approve and send trade transactions for repair from the Trade Finance menu, including scheduling and downloading transaction reports.

NOTE: From December 2023, guarantees and standby letters of credit are available from the Guarantees & Standby LC's menu in ANZ Transactive - Global.
Trade Finance Menus
MENU DESCRIPTION
Pending Approval The Pending Approval screen displays a list of Trade transactions awaiting approval that are in one of the following statuses:
  • Ready to Authorise
  • Partially Authorised
  • Ready to Check
  • Repair
  • Returned by Bank
  • Authorise Failed
Current Instruments

The Current Instruments screen displays a list of current Trade instruments that are in one of the following statuses:

  • Pending
  • Active
  • Expired
Past Instruments The Past Instruments screen displays a list of past Trade instruments that are in one of the following statuses: 
  • Cancelled
  • Closed
  • Deactivated
  • Paid
Reports The Trade Finance Reports screen displays a list of Report Profiles, including scheduled reports and Generated Reports.
Trade Finance Statuses

As a Trade transaction moves through the trade workflow, it goes through a number of different statuses as a result of the actions performed. The following tables detail all statuses in Trade Finance.

Pending Approval Statuses

The following table details each Pending Approval status.

STATUS DESCRIPTION
Ready to Check The transaction is awaiting checker authorisation. Once the checker has sent the transaction for authorisation, it will move to Ready to Authorise status.
Ready to Authorise The transaction has been created, verified and is ready for approval. Once approved, it will move to an Authorised or Partially Authorised status.
Partially Authorised The transaction requires multiple approvals and it has already been approved by at least one approver. It will remain in this status until the final approver has authorised the transaction. Once complete, it will move to an Authorised status.
Repair The transaction has a potential error and has been sent for Repair by a company user.
Returned by Bank The transaction has been returned by the bank and needs to be corrected and re-authorised before it can be processed by the bank.
Authorised Failed The transaction has failed the approval process and requires further action.
Current Instrument Statuses

The following table details each Current Instrument status.

STATUS DESCRIPTION
Pending An initial transaction for the instrument has been created but has not been processed by the bank. Once processed, it will move to an Active status.
Active An initial transaction for the instrument has been created and processed by the bank.
Expired The instrument has expired. 
Past Instrument Statuses

The following table details each Past Instrument status.

STATUS DESCRIPTION
Cancelled The instrument has been cancelled.
Closed The instrument has been closed.
Deactivated

The instrument has been deactivated.

Instruments in this status can be reactivated.
Paid The instrument has been paid or liquidated.
Trade Finance Instrument Types

The following types of Trade Finance instruments can be viewed, approved or sent for repair in ANZ Transactive – Global:  

  • Air Waybill
  • Banker's Acceptance
  • Collection Acceptance
  • Deferred Payment 
  • Export Collection 
  • Export Finance
  • Export Letter of Credit
  • Import Collection 
  • Import Letter of Credit
  • Loan Request
  • Trade Loan