Institutional Products & services

Financial Markets.

We offer all the financial market products you expect, but it's our strategic risk management for our customers that sets us apart.

FX products & services.

We're a leading player in foreign exchange markets, so you can deal 24/5.5 through our global network. We use both cash and derivative products to deliver intelligent and forward-thinking risk solutions.

We offer a number of foreign exchange products* including:

  • Spot FX
  • Foreign Exchange Forward Contracts
  • Foreign Exchange Options Contracts
  • Non deliverable forwards (NDFs)
  • Exotic derivatives - including average rate and barrier options.

*Certain foreign exchange products may only be available to some customers.

Interest rate risk.

Managing your interest rate risk and cash flow exposures offers you both protection and opportunity. Interest rate products can assist you to manage interest rate risk.

We provide a full range of services for actively managing interest rate risk. We have the experience and knowledge in local and offshore markets to meet all your interest rate needs.

We will develop strategies to suit your specific requirements, and can help with product information, offer advice on different instruments, provide up-to-the-minute market information, economic data and forecasting.

We offer a number of interest rate products^ including:

  • Interest Rate Swaps
  • Interest Rate Caps
  • Interest rate floors
  • Swaptions
  • Forward rate agreements
  • Cross currency swap.

^Certain interest rate products may only be available to some customers.

Highway next to coast and native forest, West Coast New Zealand

Fixed interest & debt securities.

Westpac Institutional Bank provides specialist origination, trading and sales services in the NZD and AUD debt markets.

Value-added service based on in-depth product knowledge

We know our markets well, and we take the time to understand our customers’ businesses and needs.

Our innovative advice is based on in-depth, grounded research, followed by swift and professional execution and settlement.

Our product expertise helps you to improve yield and manage risk, and includes:

  • Government bonds
  • Corporate bonds
  • Hybrid securities
  • Inflation-indexed products
  • Credit linked notes/default swaps
  • Kauri bonds
  • Local authority stock
  • Commercial paper
  • Repurchase agreements
  • Asset-backed securities.

Credit & rates.

We serve the needs of a diverse global customer base comprising large and small corporate borrowers from private companies to real estate funds. Infrastructure funds and companies, utilities, listed companies as well as investors including sovereign and semi-sovereign investors, banks, real money funds, leveraged investors and other financials.

Westpac has two specialist global desks which aim to be the market leaders in credit and rates products, providing markets in:

  • Interest rate swaps, currency swaps, interest rate options and fixed interest derivatives, Commonwealth Government, Semi-Government, supranational/agency, and CPI-linked cash bonds
  • Corporate, bank and financial institution bonds as well as asset backed securities and credit derivatives.

We're committed to making markets in all time zones and in all our market products to ensure liquidity for our customers as part of our global strategy.

Debt capital markets.

The bond market acts as a source of debt funding for governments, financial institutions and corporations. Westpac's Debt Capital Markets Team offers issuers an alternative to bank funding by using public market avenues to raise capital.

Westpac is a market leader in the New Zealand and Australian debt markets, with an emerging presence and capability across Asia, Europe and the US.

We provide domestic and offshore customers with access to global capital markets with tailored bond solutions across a number of key currencies. By developing a deep understanding of our customers' capital structure and strategic goals, we aim to develop optimal funding solutions that deliver positive long term results:

  • We're an active lead manager of NZD and AUD denominated domestic issues, Kangaroo and Kauri bonds, NZD and AUD denominated offshore EMTN transactions
  • We're a market leader in listed debt and hybrid solutions
  • We have a growing franchise in Asian currency EMTNs
  • We have an increasing distribution footprint in US Dollars, Euros and Sterling
  • Westpac works with alliance partners to provide New Zealand and Australian borrowers with market-leading access to US Private Placements.

New to Financial Markets?

You may find this glossary helpful.
Financial markets glossary

Get in touch.

Chris Leuschke

Head of Financial Markets WBC NZ Branch

chris.leuschke@westpac.co.nz

Things you should know.

Westpac Institutional Bank refers to the brand under which products and services are provided by either Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or Westpac New Zealand Limited (company number 1763882) (WNZL). Any product or service made available by WNZL does not represent an offer from Westpac or any of its subsidiaries (other than WNZL). Neither Westpac nor its other subsidiaries guarantee or otherwise support the performance of WNZL in respect of any such product. WNZL is not an authorised deposit-taking institution for the purposes of Australian prudential standards.

Westpac is the issuer of the derivative products described in this webpage. Westpac may act as offeror of financial products described in this webpage.

If a product disclosure statement has been prepared and lodged under the Financial Markets Conduct Act 2013 (FMCA) for any product(s) referred to in webpage copies are available from www.business.govt.nz/disclose. Supply or receipt of a product disclosure statement is not an offer for the purposes of the FMCA. Whether or not an offer made to you by Westpac of any financial product is a regulated offer depends on your investor status under the FMCA in respect of that offer.

Some product(s) described in this webpage will only be offered to certain types of wholesale investors within the meaning of the FMCA. Westpac may require evidence of your investor status under the FMCA before issuing or selling any of the products described in this webpage.

This webpage has been prepared without taking account of your particular financial situation or goals and is not to be construed as an indication or prediction of future results. We strongly recommend that you seek appropriate independent advice before acting on this information.

The current disclosure statements for the New Zealand division of Westpac and for WNZL can be obtained at the internet address www.westpac.co.nz.

Business Lending products are only available for business and/or investment purposes and not for personal, domestic or household purposes.