Receivables Finance

Product highlights

If you are selling on open account terms and need solution on financing, credit protection or collection, check out our Receivables Finance options.

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Features and benefits

One-stop hassle-free solution for trade receivables in multiple currencies, including RMB

People to follow up payments on your behalf

Tailored solutions for businesses trading on open account terms

Protects you against buyer default or insolvency

Another way to get finance when a buyer no longer issues Documentary Credits (DCs)

Effective ledger management

How it works

  • You sign an agreement with HSBC
  • You provide goods or services to a customer and invoice them
  • You send the invoice to us
  • You have access to standby funds up to an agreed percentage of the invoice value
  • When and how you use these funds is entirely up to you
  • Either HSBC or an overseas representative under our supervision will collect the sales proceeds from your customer
  • When the invoice is paid, you receive the balance
  • In the case of undisputed receivables where a customer defaults or becomes insolvent, if you have taken out credit protection on the customer with us, we will pay you the outstanding balance up to the value of the agreed credit protection limit

Other solutions

Financing

  • Allows you to raise cash against your invoices
  • No need to wait months for payment
  • Enables you to concentrate on running your business
  • You can receive cash up to an agreed percentage of eligible invoice values
  • Funds are available the next working day
  • Improves cash flow
  • No need to increase your overdraft as your business grows
  • Allows you to respond quickly to new business opportunities

Collection and Ledger Management

  • A convenient, cost-effective alternative to running your own credit control function
  • Efficient ledger management allows you to shorten your working capital cycle
  • For domestic sales, a dedicated Controller will follow up invoice payments with your buyers directly
  • For export sales, we will appoint overseas representatives to contact your buyers
  • By outsourcing the responsibility of credit control to HSBC, your business resources and human resources can be utilised more profitably elsewhere
  • HSBC is a founding member of the Factors Chain International (FCI), the world’s largest association of factoring and receivables finance service providers with representation in more than 60 countries

Credit Protection

  • Protects you against losses arising from buyer default or insolvency
  • Peace of mind when trading on open account terms
  • Saves you all the time and effort involved in dealing with claims
  • Our Credit Protection can cover up to 90 per cent - 100 per cent of undisputed receivables
  • We will handle all the administration and reporting associated with credit protection and claims
  • Allows you to minimise the impact of bad debts on your business profits and cash flow

eReceivablesFinance

  • A free online receivables management tool
  • Gives you up-to-date information on your ledger with HSBC
  • Allows you to create reports to support management activities
  • You can also submit invoices and use income drawdown electronically

Related tools

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

Help and support

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