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Documentary Credits (Imports)

Comprehensive DC issuance solutions that your suppliers will trust
Documentary Credits (Imports)
HSBC understands your ambitions. While sourcing for products globally can increase opportunities, the consequences can be unpredictable, especially in unknown markets. But by issuing a DC, HSBC will undertake, on your behalf, to make payment to your supplier against presentation of compliant documents within the validity of the credit. In short, you have greater visibility and control with access to a comprehensive suite of services that can expedite the growth of your business.
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Benefits:
Peace of mind knowing payment will only be made if your supplier in new markets has complied with all the terms & conditions prescribed in the DC
Enjoy additional leverage to negotiate with suppliers for more favourable pricing and longer payment terms
Improve your cashflow by using DCs in place of deposits and / or advances financed by import loans, overdrafts or own cash reserves
Better control over payments to your suppliers since they can only be made upon presentation of the required compliant documents within the validity of the credit
More information:
Forms and documents
 
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