Discounting Drafts Under Export Letters of Credit
INTRODUCING A BETTER WAY TO GET PAID: IMMEDIATELY
Offering terms to your overseas buyers can give you a distinct advantage over your competition. However, you may not care to wait 90 or 180 days for payment. In this case, HSBC may be able to discount drafts under your Export letter of Credit on a non-recourse basis — so you can be paid immediately upon shipment. Other features and benefits include:
- HSBC pays you typically after acceptance of the draft by issuing bank
- Discounting possible at any time before maturity of the draft
- No credit line required
- Improved cash flow
- May be used to provide LIBOR based USD financing to your customer
