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Trade Finance - TradePay

Trade Finance - TradePay

Request TradePay for buyers and sellers.

Documentation

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 TWC loans 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 TWC buyer
  • Loan proceeds will be credited to the client’s account for a TWC seller
  • 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. Submit TradePay buyer seller application - Enables a seller to directly submit a TradePay loan request to HSBC.
  5. Submit TradePay seller loan extension request - Enables a seller to directly submit a TradePay loan extension request to HSBC.
  6. Submit TradePay seller loan settlement request - Enables a seller to directly submit a TradePay loan settlement request to HSBC.
  7. Request Trade Loan summary list - Request a status update on one or many TradePay loans that have been submitted to HSBC.
  8. 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


TradePay Seller
•    Bridge cash flow gaps and post sales before receiving payments from their buyers
 

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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