The world's local bank
You are here:
- Home
- Business
- International Service
- Non-recourse P-Note Discount
You are not logged on.
Non-recourse P-Note Discount
Product Overview
In order to meet the growing demand for non-recourse financing of the domestic receivables, HSBC discounts promissory notes, which is one of the most widely used financial instruments in the local trade market, on a non-recourse basis to suppliers.
Product Benefits
To seller
- Without-recourse discounting
- Balance sheet improvement
- Low finance costs – buyer risk
- Simple documentation
- 100% full financing
To buyer
- Provide advantage on financing to suppliers
- Stable procurement
Product Features
- HSBC discounts P-notes on a non-recourse basis at the risk of the buyer
- No credit facility required for supplier
- No need of acknowledgement from buyer
- Collect the proceeds through Seoul Clearing House
- Currency : Korean Won or major foreign currency
- Tenor : Match the credit terms given to the buyer, at max 180days
- 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.
