Why use these APIs?

Traditionally, there has been little integration between banks for automated real-time status updates for Bank Guarantees. This API can enable partner banks to give their corporate clients full visibility of their guarantees on their own digital platform even when they are delivered by HSBC to the beneficiary.

Key features

• Real-time information
• Industry first API
• Removed manual intervention
• Available globally
• Integrate with existing systems

Trade Finance - Bank Guarantee APIs&

1. Removes manual interactions between HSBC and the partner bank that has traditionally required emails or phone calls to get the status updates on counter guarantees.
2. Enables partner banks to integrate the data directly into the digital channel of their choice, for example, a digital banking app for its clients.
3. Reduces time and effort in retrieving this information from HSBC, which can be compounded where there are large time zone differences.
4. Enhances the proposition of the partner banks to its corporate clients.

How does Bank Guarantee work?

A bank guarantee assures a supplier that if the buyer doesn't pay what it owes, the Financial Institution will step in on their behalf to make the payment. If a partner bank does not have a presence in the supplier's country and HSBC does, they can ask HSBC to reissue their guarantee to the supplier.

Return to top