Why use these APIs?

HSBC’s TradePay APIs allow clients to draw finance directly from their channel of choice such as an ERP/Accounting platform.  Additionally, clients can also check the latest status and further details of these loans such as the due date for repayment, etc.

Key features

• Integrate directly into ERP/accounting platforms and apply for TradePay with HSBC
• Submit transactions anytime, all year round
• Request status updates on loans at any time
• Loan proceeds are used to pay suppliers for a TradePay buyer
• Loans can be requested in the currency of the underlying invoices or an alternative currency, if available
• Loans amounts are auto settled on due date .

Trade Finance - TradePay APIs

1. Submit TradePay buyer loan application - Enables a buyer to directly submit a TradePay loan request to HSBC.
2. Submit TradePay buyer loan extension request - Enables a buyer to directly submit a TradePay loan extension request to HSBC.
3. Submit TradePay buyer loan settlement request - Enables a buyer to directly submit a TradePay loan settlement request to HSBC.
4. Request Trade Loan summary list - Request a status update on one or many TradePay loans that have been submitted to HSBC.
5. Request Trade Loan detail - Receive the full details of any TradePay loan submitted to HSBC.

How TradePay Works

Trade Working Capital loans are used to provide financing against the following two scenarios:

TradePay Buyer
•    Pay supplier’s/service providers for costs related to procurement and/or production and/or sales
 

Important notice:

All offers of financing and services are subject to credit adjudication, qualification and approval. Other conditions or restrictions may apply.

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