Trade Finance - Export Collection
Trade Finance - Export Collection
Seamlessly send enquiries to HSBC about Export Collection bills received by HSBC
Why use these APIs?
HSBC’s Export Collection APIs enables clients (sellers) to seamlessly enquire about the latest status of one or more Export Collection bills. Additionally, clients can also check details such as outstanding amount and payment due date in real-time.
Key features
- Secured channel for clients to enquire about transaction status
- Check summary and details of Export Collection bills in real-time
- Integrate directly into your Enterprise Resource Planning (ERP) platform for automation
- Enquiry services are generally available
Trade Finance - Export Collection APIs
- Request Export Collection bills summary list - Request a summary of status updates on one or many Export Collection bills in real-time
How Export Collection Works?
After shipping the goods, the seller presents the shipping documents such as invoices and bills of lading etc, to your bank - with instructions to send to the buyer’s bank. The buyer’s bank releases the shipping documents to the buyer against the buyer’s payment or acceptance of a bill of exchange that is paid on a certain agreed future date.
In a collection under URC522, the bank acts to hold the documents pending payment or promise of payment by the importer.
Important notices:
All offers of financing and services are subject to credit adjudication, qualification and approval. Other conditions or restrictions may apply.