Trade Finance - Export Letters of Credit
Trade Finance - Export Letters of Credit
Seamlessly send enquiries to Export Letters of Credit (LC/ DC) advised by HSBC.
Why use these APIs?
HSBC’s Export Letters of Credit enables clients (sellers) to seamlessly enquire about the latest status of one or more Documentary Credits (DC). Additionally, clients can check the details such as outstanding amount, related bills, presentation status and payment due date in real-time.
Key features
- Secured channel for clients to enquire about transaction status
- Check summary and details of Export DCs, related bills and presentations in real-time
- Integrate directly into your Enterprise Resource Planning (ERP) platform for automation
- Enquiry services available 24/7
Trade Finance - Export Letters of Credit APIs
- Submit Export DC Bookings - Submit a DC advising application directly to HSBC in real-time for further processing
- Submit Export DC Amendment - Submit a DC amendment application for an advised DC directly to HSBC in real-time for further processing
- Request Export DC Advise Messages - Request a list of trail of a specific Export DC Advise messages
- Request Export DCs summary list – Request a summary of status updates on one or multiple Export DCs advised by HSBC in real-time
- Request Export DC detail – Request details on a specific Export DC advised by HSBC in real-time
- Request Export DC bills summary list – Request a summary of status updates on one or multiple Export DC bills under DCs advised by HSBC in real-time
- Request Export DC bill details - Request details on a specific Export DC bill under DCs advised by HSBC in real-time
- Request Export DC bills settlement status - Request a summary of settlement status updates on one or multiple export dc bills
How an Export Letter of Credit Works
A Letter of Credit also known as Documentary Credit, is an irrevocable undertaking issued by a bank on behalf of a client (the importer or buyer) that guarantees payment to a beneficiary (the client’s customer) upon agreed conditions.
As the seller and beneficiary of the Documentary Credit, you are assured that you will receive payment once you submit compliant documents that meet the requirements specified in the Documentary Credit.
Funds are advanced against compliant documents. If documents are discrepant, funds are only be advanced if the buyer applicant has accepted the discrepancies and this is advised by the buyer’s bank.
Important notices:
All offers of financing and services are subject to credit adjudication, qualification and approval. Other conditions or restrictions may apply.