The world's local bank
You are here:
- Home
- Business
- International Service
- Export Receivable Finance
You are not logged on.
Export Receivable Finance : Non-Recourse (ENRF) / Recourse basis (ERRF)
Product Overview
To provide structured open account finance solution to the local exporters, which have supplied their goods to the foreign buyers, preferably customer of HSBC, at more competitive rate with the receivables sold to HSBC on a recourse or non-recourse basis.
Product Benefits
- Availability of solutions to handle export open account transactions
- Non-recourse arrangement with buyer risk covered (ENRF)
- Balance sheet management solution (ENRF)
- Reduction of financing costs by using the better credit of the buyers
Product Features
- Bank and Supplier enter into financing agreement under which the receivables from Buyer are sold to the Bank.
- Upon shipment, supplier presents copy documents to the Bank along with a Purchase Request. Notice of Assignment to be sent to Buyer.
- HSBC credits the Supplier for the net proceeds after the Supplier sent the Notice of Assignment to the Buyer or received the Acknowledgement subject to perfection requirement.
- At maturity the Buyer remits payment to the Supplier’s designated receivables account with HSBC
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
