THE OXFORD ADVANTAGE

OXFORD EXPANDS INTO EXPORT FUNDING
Oxford Funding has become the new force in the country's export trading with the release of its new product that is set to create new standards in this vital sector of the economy. Export Debtor Finance is mainly targeted at Australian-based businesses with an annual export turnover of above $500,000.

Export Debtor Finance provides a flexible line of credit linked to the level of overseas accounts receivable. As well as enabling a business to outsource its overseas receivables administration.

The funding line buys an exporter's present and future debts and pays 80 percent of that export debtors ledger within 24 hours. It provides improved cash flow and credit control.

As a member of Factors Chain International, Oxford has access to a network of over 90 financial institutions in over 40 countries. In addition to instant cash flow, these correspondents provide the following additional features:
- credit protection as a real alternative to debtor insurance
- conduct collection activity in the country the debtor is located

"This is in response to many calls we've had from a range of businesses,” says Oxford Funding’s Rob Lamers. “In particular wine producers who are now exporting to meet the summer season in Europe. It’s a case of not waiting for goods to travel six weeks on a boat and then another 30 days to get paid. 24 hours after the goods are on the ship, there is access to the funds.

"This is a perfect move for us as we’re already very active among importers and to offer this new facility will be well received. Among the many points of advantage that Export Debtor Finance has is a 100 percent credit protection which is unique in this industry.

"It is a well timed strategic expansion for us as export factoring is a perfect fit within Bendigo Bank’s range of trade finance products.” Lamers said.

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BUSINESS NEWS

BIG SALES ARE GO
With the Myer sale having just gone off at $1.4 billion - which is 40 percent more than analysts were predicting - all business eyes are now looking to what will happen with Telstra. And what has made this situation fascinating is that the Federal Government has quietly called for tenders for the handling of the sale of its shares. The closing date is 24th March.

CAR SALES UPSET
After 5 years of record sales, new car sales are suffering, especially for the new Mitsubishi 380. Sales this year has been poor with some amazing deals being written just to keep the cash flowing - albeit without the profits of late.

BUSINESS OUTLOOK

RATES RECORD
The Federal Government is taking all the credit for the present stable state of the economy pointing to the present run of constant interest rates being the most stable for 32 years. As there has only been the one change in interest rates during the past 27 months, the Treasurer is claiming a very good basis for business.

US WINS FREE TRADE
Opponents of the Free Trade Agreement with the US are pointing to the recently released figures as being a disaster for Australia.

These show US imports have boomed while Australian exports to US have slumped with the deficit having widened to $8 billion. All this and the US continues to keep our sugar out of the picture.

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