Institutional Products & services Financial Markets

Commodities, carbon & energy.

We play a pivotal role creating and supporting the carbon trading market in New Zealand. We also offer tailored solutions to manage your commodity price exposure.

Commodities price risk management.

Manage your commodity price exposure with our simple or tailored 'over the counter' (OTC) hedging solutions and protect against, or capitalise on, volatile raw material price fluctuations.

At Westpac Institutional Bank, our global capabilities, local expertise and breadth of experience provide us with deeper insights to deliver value to our customers.

We have the ability to warehouse risk facilities, the provision of full-service commodity price risk management solutions to producers, traders and consumer alike.

We offer a variety of risk management products, from fixed versus average price swaps and bullet swaps, to option-based strategies such as cap and floor options and zero cost collars.

All strategies can be tailored to suit your time frame and currency exposure, so your risk is hedged effectively.

Certain commodities products are only available to some customers.

We specialise in:

  • Oil products
  • Precious and base metals
  • Agriculture.

Carbon.

We play a critical role in carbon trading and carbon market finance in Australasia.

We're the first and only institution making a market under the New Zealand Emissions Trading Scheme (NZETS).

Market-making for New Zealand carbon units (NZUs)

We all want better environmental outcomes. Here's what we do to help.

By market-making for New Zealand Carbon units (NZUs), we help New Zealand to meet its emission reduction targets at the lowest possible cost. Because we make the market, there's better liquidity of NZUs and more price transparency - so we are reducing costs for buyers and sellers across the market.

We offer a number of carbon products* including:

  • Carbon Spot
  • Carbon Forwards.

*Certain carbon products are only available to some customers.

Get in touch.

Craig Milne

Director of Commodities, Carbon and Energy

craig.milne@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 financial products described in this webpage. Westpac may act as offeror of financial products described in this webpage.

No product disclosure statements have been produced nor are they available for the product(s) described in this webpage. Westpac is not making a regulated offer (within the meaning of the Financial Markets Conduct Act 2013 (FMCA)) of the product(s) described in this webpage. 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.