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Transferable Documentary Credit

Transferable Documentary CreditTrade 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.

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