| Take advantage of HSBC's DC confirmation, especially if: |
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You are unfamiliar with the DC issuing bank and its ability to make payment |
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You are concerned that political factors – like government imposing currency controls or expropriating bank assets - in your importer's country which may lead to non-payment under the DC |
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You are concerned about the impact to your business should the issuing bank be unable to make payment |
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| Product Features |
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Payment assurance |
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HSBC's undertaking to pay when confirming a DC is subject to the Uniform Customs and Practice (UCP) rules published by the International Chamber of Commerce. The undertaking is conditional on your presentation of documents that comply with the terms and conditions of the DC. |
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Confirmation of DCs issued by other banks and by HSBC |
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Your local HSBC office can add confirmation to DCs issued by other banks to mitigate the counterparty and country risk associated with these transactions. You may also request your local office to add confirmation to DCs issued by HSBC in other countries to mitigate the country risk associated with these transactions. Confirmation charges will apply. |
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Non-compliant documents |
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HSBC's confirmation will cease immediately if non-compliant documents are presented. However, subject to acceptance of the documents by the DC-issuing bank, HSBC may, upon request, reinstate its undertaking to pay at its sole discretion. Additional fees and conditions may apply. |
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Financing under confirmed DCs |
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You can access funding on presentation of compliant documents by requesting that HSBC discount your export bills under confirmed DCs*. |
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