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Trade
HSBC TradePay - Digital Trade Finance Solution
Apply now to unlock working capital and trade with confidence¹
A simplified, digital trade finance solution that lets you draw down your trade finance loan and make just-in-time payments to suppliers immediately. It gives you more control over the timing of your trade payables.
Features and benefits
Fast
Instant loan drawdown² and supplier payment³
With no need to submit transactional⁴ documents to have your loan processed, you get speedy access to a fast-working capital loan when you need it.
Easy
Simply upload a payment file
Just-in-time financing can be a useful tool for keeping borrowing costs under control. With just a few taps, you can choose the exact amount you need to pay your suppliers.
Convenient
Everything in one place
Finance and payment are fully integrated into Business Internet Banking and HSBCnet – a single single platform that gives you total visibility of your finances – anytime³, anywhere.
Key benefits
More time for growth
A one-step digital process replaces the hassle of loan paperwork, giving you more time to focus on business strategy and expansionEnhance supplier relationships
With the option to notify suppliers about payments automatically, it helps you solidify your relationships with suppliers by ensuring consistent and timely communicationKeep borrowing costs under control
Instead of guessing how much you’ll need to pay suppliers, just-in-time financing lets you borrow the exact amount required when your payments are dueDo business with confidence
Enjoy secure payments backed by a global bank’s digital expertise, giving you confidence in every transaction
How to apply
How to use it
HSBC TradePay makes it quicker than ever to access pre-approved short-term finance and pay your suppliers immediately. It is now live on Business Internet Banking and HSBCnet, creating a streamlined process to request finance.
- Simply log on to your internet banking portal and go to the ‘Trade solutions’ menu. Select the “HSBC TradePay”
- Access cash faster by simply uploading payment data in bulk or entering the invoice details
- Real-time data validation with on-screen feedback to fix identified errors and re-upload, reducing the back-and-forth for data correction
- The new ‘Loan Currency’ field supports cross-currency instructions
- Optional automatic loan and payment notifications give all parties complete visibility
For more about the loan application journey on Business Internet Banking, download the HSBC TradePay Onboarding Guide.
Challenges HSBC TradePay helps you solve
High seasonal demand
Cash flow management can become a major issue if your business faces seasonal working capital challenges due to the cyclical nature of purchasing inventory from several suppliers.
With HSBC TradePay: Upon prior approval, request immediate loan drawdown and supplier payments to cover your seasonal inventory. This means you can pay suppliers promptly without straining your working capital during peak buying periods, ensuring healthy supplier relationships and a steady inventory flow for each season.
Lost time and efficiency
The administrative strain of manually arranging supplier payments and collating loan submission documentation can waste time and stifle employee productivity.
With HSBC TradePay: Streamline supplier payments with fast access to digital trade finance solutions so that supplier payments don’t bottleneck your business.
Rapid scale-ups
If your tech startup is scaling rapidly due to a big contract, you might require immediate working capital to pay your component suppliers earlier than usual.
With HSBC TradePay: Quickly access working capital finance to cover these costs. Its seamless, on-demand nature aligns cash outflows with your ramped-up production schedule, ensuring smooth operations to meet your new contract’s demands.
Precision timing challenges
Managing supplier payments with advance pre-planning can strain your operations, hindering timely responses to market demands.
With HSBC TradePay. Unlock just-in-time financing to get immediate access to working capital without the traditional complexity. Supplier payments become a catalyst, not a constraint, to your success.
Why HSBC
HSBC manages large trade flows globally, providing multi-currency, cross-geography financing.
A global footprint: HSBC's extensive international network spans key growth markets.
Focused expertise: Our experienced team aids clients in domestic and global trade.
Financial strength: Backed by a strong balance sheet.
Footnotes:
- Pre-approved finance allows you to trade with confidence.
- HSBC TradePay is available in selected sites and subject to prior credit adjudication and approval.
- Payments are subject to processing time.
- HSBC reserves the right to request documents.
Reminder: To borrow or not to borrow? Borrow only if you can repay!
Need help?
Get in touch to learn more about our banking solutions and how we can help you drive your business forward.