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Trade Finance - Import payment

Trade Finance - Import payment

Request payment to overseas supplier on open account/ advance terms using HSBC Import Payment APIs

Documentation

Why use these APIs?

HSBC’s Import Payment APIs enable the client (buyer) to seamlessly send Import payment request through their Enterprise Resource Planning (ERP) platform to HSBC for processing. Additionally, clients can check the latest status and further details of their Bill of entries (BOE), Outward remittance message (ORM) and Import payments.

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 - Import payment APIs [*]

  1. Request BOE details - Receive the full details of specific BOE under HSBC AD Code.
  2. Request ORM details - Receive the full details of specific ORM under HSBC AD Code.
  3. Submit BOE (s) for Settlement - Enables buyer to directly submit request for settlement of BOE(s) to HSBC | Expected Launch in 2025
  4. Request Settlement status of BOE(s) - Receive a status update and full details of BOE(s) settlement request that have been submitted to HSBC | Expected Launch in 2025
  5. Submit BOE(s) Transfer Request - Enables buyer to directly submit request for transfer of BOE(s) | Expected Launch in 2025
  6. Request Transfer Status of BOE(s) - Receive a status update and full details of BOE(s) transfer request that have been submitted to HSBC| Expected Launch in 2025
  7. Submit Advance Payment Request - Enables buyer to directly submit an Advance Payment request to HSBC. | Expected Launch in 2025
  8. Request Advance Payment Status - Receive a status update and full details of Advance Payment request that have been submitted to HSBC | Expected Launch in 2025
  9. Submit Open Account Payment Request - Enables buyer to directly submit an Open Account Payment request to HSBC | Expected Launch in 2025
  10. Request Open Account Payment Status - Receive a status update and full details of Open Account Payment request that have been submitted to HSBC | Expected Launch in 2025
  11. Submit Warehouse Payment Request - Enables buyer to directly submit a Warehouse Payment request to HSBC | Expected Launch in 2025
  12. Request Warehouse Payment Status - Receive a status update and full details of Warehouse Payment request that have been submitted to HSBC | Expected Launch in 2025

How an Import Payment Works [†]

Under Open Account import remittance, importer makes the payment to the overseas supplier post shipment of goods (Direct Remittance) or prior to the shipment of goods (Advance remittance) by the overseas supplier.

HSBC’s Import Payment APIs facilitates such payments at the request of the client in line with the RBI regulations and enquiry of import payment 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.

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