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Domestic Receivable Financing
Product Overview
HSBC Trade Services provides financing to domestic trades as well as international trades. Domestic Receivable Financing (DRF) is designed to support financing needs of local suppliers who supply goods to well-established local buyers without recourse basis.
Product Benefits
- Non-recourse discounting on the receivables upon receipt of the buyer’s acknowledgement
- Simple documentation: No requirement for p-note or bill of exchange
- Improved cash flow and benefit in financial statement
- Meets needs of both the supplier and the buyer
- Available in KRW and other major foreign currency
Product Features
- HSBC purchases the supplier’s account receivables on a non-recourse basis at the risk of the buyer upon receipt of the buyer’s acknowledgement.
- Supplier’s assignment of the account receivables to HSBC
- Direct payment to HSBC from the buyer at maturity
- Tenor: Match the credit terms given to the buyer, at max 180 days
- Funds paid in discount
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
