Business Integrated Account Secured Credit Facility

Product highlights

Assets in your Business Integrated Account now give you additional flexibility to meet emergency cash need.

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+852 2748 8238

Features and benefits

A standby credit line up to HKD10 million

Wide range of assets acceptable for calculating credit limit

Available credit limit adjusted according to the asset value of your account without the need for re-application

Assets within your account remain freely tradable

Can be utilised for overdraft and trade finance

No arrangement fee or monthly service fee

Eligibility

Companies registered in Hong Kong with HSBC's BusinessVantage, BusinessVantage Plus or Business Direct account

Documents required

  • Application form
  • Charge over accounts and deposits (For limited companies only)

Types of acceptable assets for calculating available credit limit

Interest Rate and Credit-to-asset Ratio Table (List of eligible assets and Credit-to-asset Ratio)

Type of Secured Asset held in Business Integrated Account1,2 Advance Ratio (Up to) Interest Rate
Previous month's Average Total Relationship Balance below HK$ 1 million Previous month's Average Total Relationship Balance equal/above HK$ 1 million
Foreign Currency Time or Saving Deposits3 100% HSBC's Best Lending Rate +1.5% per annum HSBC's Best Lending Rate per annum
HKD Time Deposits4 100%
Deposit Plus4 70%
Callable Fixed Deposits 100%
Structured Investment Deposits5 100%
Gold 70%
Bonds and Certificates of Deposit 6,8 100% HSBC's Best Lending Rate +2.25% per annum HSBC's Best Lending Rate  +1% per annum
Locally quoted Unit Trust 6,7,8 85%
Locally quoted shares 6,7,8 50%
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Types of credit facility available

  • Overdraft
  • Documentary Credit (DC) Issuance
  • Bank Guarantee Issuance

Related tool

Reminder: "To borrow or not to borrow? Borrow only if you can repay!"

Note:
The Bank reserves the final decision on application approval.

Notes for Interest Rate and Advance Ratio Table:

  1. The security over the assets in your Business Integrated Account as created under the Business Integrated Account General Terms and Conditions will attach to the assets in accordance with the aforesaid order of priority (i.e. assets attracting the lowest interest rate will be attached first, followed by assets attracting the next lowest interest rate and so on). Further, where there are more than one type of assets in your Business Integrated Account which attract the same interest rate, the security will attach to the respective types of assets in accordance with the order in which such assets are listed in this table.
  2. The eligibility and percentage of the value of the assets listed for inclusion in the calculation of the available credit limit shall be as determined by the Bank from time to time. The Bank may at its discretion add or remove the assets listed from such eligibility, or increase or reduce the eligible percentage of the value thereof without prior notice.
  3. Advance ratio for time or saving deposits in US dollar is up to 100 per cent. For time or saving deposits in other currencies excluding Thai Bhat, advance ratio of up to 85 per cent applies.
  4. If the assets subject to the security under your secured credit facility include Hong Kong dollar time deposits/Deposit Plus (in Hong Kong dollars deposit currency) and the deposit interest rate applicable to such deposits plus 0.5 per cent is higher than the debit interest rate specified above, the higher rate will be applied to your credit limit corresponding to such assets for calculating interest.
  5. Including but without limitation to Capital Protected Investment Deposits
  6. Locally quoted unit trusts, locally quoted shares, bonds and certificates of deposit are those deposited with the Bank in your Business Integrated Account whether or not registered in your name or in the name of any other person (including the Bank) as nominee.
  7. Authorised by the Securities and Futures Commission
  8. Documentary Credit (DC) Issuance, Bank Guarantee Issuance Commission: Please refer to the Commercial Banking Tariffs.

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