Trade Payment Flexibility
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.
- Only the price, expiry and shipment dates of the original DC are updated.
Or call 1800 88 3898 for more details