Trade Finance - Exports Regularization
Trade Finance - Exports Regularization
Request recording and/or settlement of Shipping Bills/ Softex using Exports Regularization APIs
Why use these APIs?
HSBC’s Export Regularization APIs enable the client (seller) to seamlessly send Shipping bill or Softex for closure through their Enterprise Resource Planning (ERP) platform to HSBC for processing. Additionally, clients can check the latest status and further details of their Shipping bills (SB) / Softex, Inward remittance message (IRM) and export regularization.
Key features
- Allows direct integration between HSBC and your channel of choice such as an ERP/Accounting system.
- Transmission of information is securely encrypted between the API consumer and HSBC.
- Instant acknowledgement on submission of requests.
- Realtime feedback on any data submission errors to enable faster resolution.
- Services are generally available 24/7, 365 days a year.
Trade Finance - Exports Regularization APIs [*]
- Request e-FIRC details - Receive full details of Electronic Foreign Inward Remittance Certificate (E-FIRC).
- Request IRM details - Receive the full details of specific IRM under HSBC AD Code.
- Request Shipping bill or softex details - Receive full details of specific Shipping bill or softex under HSBC AD Code.
- Submit Shipping bill(s) or Softex(s) Transfer Request - Enables seller to directly submit request for Shipping bill or Softex Transfer | Expected Launch in 2025
- Request Shipping Bill or Softex Transfer status - Receive a status update and full details of Shipping Bill or Softex transfer request that have been submitted to HSBC| Expected Launch in 2025
- Submit E-FIRC Issuance Request - Enables seller to directly submit request for Electronic Foreign Inward Remittance Certificate (E-FIRC) Issuance | Expected Launch in 2025
- Request E-FIRC Issuance Request Status - Receive a status update and full details of E-FIRC Issuance request that have been submitted to HSBC | Expected Launch in 2025
- Submit Regularization Request - Enables seller to directly submit request for export regularization | Expected Launch in 2025
- Request Regularization Status - Receive a status update and full details of export regularization request that have been submitted to HSBC | Expected Launch in 2025
- Submit Bill Booking Request - Enables seller to directly submit Bill booking request to HSBC | Expected Launch in 2025
- Request Bill Booking Status - Receive a status update and full details of bill booking request that have been submitted to HSBC | Expected Launch in 2025
How Exports Regularization Works [†]
Export Regularization is the process of ensuring compliance with RBI regulations regarding export transactions. This includes submitting export documents to AD Banks and closure of the shipping bills /Softex along with Inward remittance details for scrutiny and approval as well as complying with any RBI Guidelines related to Foreign exchange regulations, documentation requirements and reporting obligations. HSBC’s Export regularization APIs facilitates data based, paperless processing and enquiry of export regularization transactions.
Important notices:
[*] Eligibility of API Services are subject to the client's location, qualification and approval. Other conditions or restrictions may apply. Learn More
[†] All offers of financing and services are subject to credit adjudication, qualification and approval. Other conditions or restrictions may apply.