Sky Business News
Interview Part 1
In Business 01:33pm 28-03-2008
Understanding the challenges and opportunities of trading with China is crucial for local small-to-medium enterprise [SME] importers. Interview with Clive Isenberg, Managing Director, Octet Finance. Isenberg discusses growth in the Chinese market. He says the whole western world has moved manufacturing to China which has brought costs down and allows Australians to be competitive with the rest of the world. Isenberg says using China will assist the growth of small businesses. He discusses difficulties in entering the Chinese market. Host mentions the China Business Summit, held last month in Sydney. Isenberg says it was geared toward Australian exports more than imports. He says the issues are mainly in China, especially that exporters in that country generally do not provide open account terms. Isenberg explains that Octet Finance provides import finance to Australian SMEs, describing it as a trade credit card process. He says the business has been operating for nine weeks. Isenberg likens his business to Visa.
Interview Part 2
In Business 01:46pm 28-03-2008
Interview with Clive Isenberg, Managing Director, Octet Finance.
Isenberg talks about the level of finance the company provides to customers, and says for a large Telstra business they would be able to provide a higher level. He explains how he hopes the company will make money. Isenberg discussed the cost of lending, and also the services he offers to clients and buyers. He again likens it to a Visa service. Isenberg talks about his earlier venture, Scottish Pacific business finance. He talks about the clients who use Octet Finance, and talks about selling Scottish Pacific to St George Bank. Isenberg comments that he has learned Mandarin.
As experts and specialists in import trade finance with China, Octet provides importers from China with an innovative trade finance community network. With all the power of bank trade finance and the ease of a trade finance credit card, the Octet trade finance platform offers a completely interest free trade finance facility and unsecured trade finance, doing away with cumbersome Letters Of Credit, telegraphic transfers and without the need to tie up your assets for security.
Enquire about joining the Octet Trade Finance community online or Contact Us today to discuss your specific China import trade financing needs.