Trade Finance - Import Collection

Trade Finance - Import Collection

Seamlessly send enquiries to Import Collection bill’s received by HSBC


Why use these APIs?

HSBC’s Import Collection APIs allow clients (buyers) to seamlessly enquire about the latest status of one or more Import Collection bills. Additionally, clients can also check details such as outstanding amount, bill status and payment due date in real-time.


Key features

  • Secured channel for clients to enquire on transaction status
  • Check summary and details of Import Collection bills in real-time
  • Integrate directly into your Enterprise Resource Planning (ERP) platform for automation
  • Enquiry Services available 24/7

Trade Finance - Import Collection APIs

  1. Request Import Collection bills summary list  – Request a summary of status updates on one or multiple Import Collection bills in real-time.
  2. Request Import Collection bill detail - Request details on a specific collection bill in real-time.

How Import Collection Works

After shipping the goods, the seller presents shipping documents such as invoices, bills of lading, etc, to their own bank, with instructions to send the documents to the buyer’s bank. The buyer’s bank then releases the shipping documents to the buyer against the buyer’s payment or acceptance of a bill of exchange that will be paid on a certain agreed future date. 

In a collection under URC522, the bank acts to hold the documents pending payment or promise of payment by the client.

 

how it works

 

 

how it works

 


Important notices:

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

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