Exporting

No matter where you trade, receiving payment is always a concern for exporters. Export Documentary Credits (DC) enables you to develop your business safe in the knowledge that, if you comply with the terms and conditions of the credit, your transaction is supported by the issuing bank's payment guarantee.

Benefits

• Mitigates your risk as payment is guaranteed by a bank
• Allows you to obtain finance more easily against the documentary credit
• Minimises possible discrepancies in the documentation as the bank checks your documents

Are you worried about the risk of payment default in open account trade? Protect your business with a Standby Documentary Credit to guarantee payment from your importer's bank in case of default.

Benefits

• Expands your payment options without increasing your risk
• Ensures that trade disputes are dealt with in good faith
• You obtain immediate payment through simple documentation
• Standby DCs can be used where guarantees are not accepted (eg USA)

Mismatched buyer and supplier payments can stretch your finances as an intermediary party. With an HSBC facilitated arrangement under a Transferable Documentary Credit, you can export goods to a buyer as well as source those goods from a third party as the credit enables you to transfer payment.

Benefits

• Allows you to make payments to your supplier while protecting yourself from buyer payment default
• Allows you to trade without having to secure funds or credit facilities
• Payment by the issuing bank is 'guaranteed' provided the documents comply
• Provides you with accurate control over your transaction details as only the price, expiry date and shipment dates of the original DC are changed

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

Is your business looking for payment security without the use of a documentary credit? An HSBC Export Documentary Collection can handle your documents and present them directly to your buyer's bank for payment on your terms.

Benefits

• Protects your interests even when your buyer will not issue a documentary credit
• You retain control of your goods through the bank's system
• Receive better terms/prices as Collections are cheaper than DCs
• Provides you access to HSBC's international network to help chase outstanding payments

Instant@dvice is a unique service provided by HSBC. It allows you to receive a full non-negotiable copy of your export and/or import Documentary Credit* (DC) and amendments via e-mail immediately upon receipt from the Issuing Bank.
Efficiency, convenience and cost savings

Enhanced accuracy in document preparation:

You can "cut" the relevant text from the copy of the DC* sent to you via e-mail and "paste" it onto trade documents where required thereby saving time and avoiding unnecessary discrepancies.

Greater efficiency and convenience:

Improves efficiency by enabling your office to forward a non-negotiable copy of your export DC to your buyer, freight forwarder, insurance provider and other trade partners for their reference or action.
Sends you the import DC copy via e-mail immediately upon issuance by HSBC, allowing you to forward it to the supplier and other trade partners, saving time and communication costs.

Improved logistics management

Reduce the time spent waiting for phone calls, faxes and even delivery of hard copy advices of your transactions with HSBC. Upon receipt of the DC*, you can start your manufacturing and sourcing process immediately.

Reduced Messenger Expenses

By signing up for our free DC Safe Custody service, you will be able to reduce expenses incurred otherwise for collecting the DC from our counters.
With this service, your original DC* will be securely kept with HSBC, minimising the chances of your DC being lost thus saving you additional cost in getting a replacement. In addition, it helps you to save the cost and inconvenience of handling and storing your original DC.

As an export customer:

• You can nominate up to five e-mail addresses to receive a copy of your export DC and subsequent amendment(s) to minimising any slip-ups in internal circulation
• You can nominate only one e-mail address to receive other export advices

To enjoy this service, all you need is an export and/or import account with us and to insist that your DCs* are advised through HSBC. You can then nominate the most suitable e-mail address in your company to receive the e-mail advices plus DC copies.
Note:
Our Instant@dvice is available FREE of charge, but the normal DC advising fee will apply.
*Only available for DCs received via SWIFT.
SWIFT is a private message transmission network operated by the Society for Worldwide Interbank Financial Telecommunication. SWIFT is a secure, dedicated global communication network that supports a range of financial messaging services .