THE Australian Livestock Exporters’ Council has announced a new partnership with an international provider of cross-border finance and currency risk management for the Australian live export industry.

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ALEC chair David Galvin said the new partnership arrangement with Cambridge Global Payments will benefit ALEC members and will assist in profiling the importance of food security the Australian livestock export industry provides to its global partners.

“The Australian Livestock Exporters’ Council welcomes Cambridge as a valued partner for the live export industry,” Mr Galvin said.

“Cambridge has a history of delivering innovative solutions designed to mitigate foreign exchange exposure and address unique business needs.

“Their award-winning capabilities and industry-leading technologies will assist our members simplify the way their businesses connect with the global marketplace.”

Cambridge Global Payments is a subsidiary of global business payments company Fleetcor (NYSE: FLT) and is a provider of integrated cross-border payments and currency risk management.

Through the partnership ALEC’s members and their respective companies who qualify will be able to gain access to and utilise Cambridge’s services to help mitigate foreign exchange exposure for their day-to-day business needs and to global payments from a single point of access.

“Cambridge is honoured to become an endorsed partner for ALEC, the highly regarded industry body responsible for setting industry policy, providing strategic direction and representing Australia’s livestock export trade both nationally and across the globe,” Mark Frey, President, Cambridge Global Payments said in a media statement announcing the partnership.

“I am confident that ALEC members will benefit from access to our innovative cross-border payments and currency hedging solutions.

“Our team in Australia looks forward to sharing our experience gained within the livestock sector and helping ALEC members achieve their global business growth objectives.”

Source: Australian Livestock Exporters’ Council, Cambridge Global Payments