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Import Finance
Documentary Credit
A Documentary Credit (DC) is a bank's guarantee of payment against specific documents and conditions, and may be used to finance your imports instead of other types of finance such as an import loan or an overdraft. The security of an HSBC guaranteed payment might also enable you to increase the credit period your supplier is willing to extend to you.
Benefits
- Defer payment for goods until the goods or documents arrive
- Enjoy a much safer and cheaper alternative to making deposits or advance payments
- Specify the terms and conditions of payment
- Negotiate longer trade terms with your supplier with usance DCs
Clean Import Loans
Does your cash flow suffer during the period of time between ordering goods and reselling them? HSBC's Import Loans service provides finance to you for the period between an order for goods and the receipt of cash once they are resold.
Benefits
- Extends your credit options by using bank finance in addition to trade credit.
- Strengthens your negotiating position with quick payment terms
- Increases your sales by strengthening your cash flow
Shipping Guarantee
Do you want to avoid the costs and lost opportunities of waiting for export documents to arrive before you receive the goods? You can take immediate possession of the goods you have ordered for your business with an HSBC Shipping Guarantee, even if the supplier has not yet presented you with necessary documents.
Benefits
- Receive goods before effecting payment
- Reduces unnecessary delays to the day-to-day operation of your business
- Defer payment until your supplier's documents are presented
- Eliminates expensive storage/demurrage charges
