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Export Finance
Documentary Credit Confirmation
Documentary Credit Confirmation is a service which we offer, to add our undertaking to pay, in the event that the Issuing Bank is unable to pay, even though the documents submitted by you, the Exporter, are fully compliant. It may be that the Bank that has issued the DC is not well known, or in financial difficulties itself, or the administration of country of the Importer may present risks, real or perceived, which you, the Exporter, is not comfortable with.
Benefits
- You benefit from an additional undertaking of payment in the event the Issuing Bank of the DC is unable to pay you.
- You can proceed to source raw materials, incur the necessary overheads to prepare for shipment, without having to worry about payment, when it comes time for shipment.
- You will not have a contingent liability in your books as payment upon negotiation of your DC will be non-recourse
Export Pre-Shipment Financing
After having secured the purchase order for your goods, are you lacking the working capital to fulfil the order? Do not let a lack of financing prevent you from expanding your business. The types of pre-shipment finance offered include packing credits and manufacturing advances.
Benefits
- Get the financial support you need to complete your sale
- Have HSBC negotiate your documents
- Obtain credit facilities more easily based on the support of your export order
Export Post-Shipment Financing
Would you want to ease your cash flow by obtaining funds for your shipment, without having to wait for the importer to pay? Do not let lack of financing prevent you from expanding your business. Find out how you can finance your trade with Documentary Credits, or with Documentary Collections.
Benefits
- Get the financial support you need to complete your sale
- Have HSBC negotiate your documents
- Obtain credit facilities more easily based on the support of your export order
Back-to-Back Documentary Credits
Do you act as the intermediary party in a transaction when conducting trade? HSBC's Back-to-Back Documentary Credits are separate credits where the DC you receive from your buyer is used to guide the terms and conditions of the DC you send to your supplier to make payment smooth and safe.
Benefits
- Minimises discrepancies as HSBC thoroughly checks your and your supplier's documents
- Your business enjoys greater security when a transaction is in progress
- Reduces the need for finance by using export proceeds to pay for your imports
- Allows you to control the relationship by protecting the identity of your supplier
Purchase of Documentary Collection
Business operations can sometimes be held back while waiting for trading parties to make payments. To minimise such impacts to your business, you can get funding immediately by having HSBC purchase your Documentary Collection so that a cash advance is provided against an expected payment from your supplier.
Benefits
- Improves your competitiveness by offering flexible payment options to your clients without affecting your cash flow
- Allows you to reinvest funds in your business before receiving payment from your sales
- You receive finance even before the importer agrees to make payment
