Selling products globally can increase opportunities, but the consequences can be unpredictable, especially in unfamiliar markets. With HSBC's Export Letters of Credit, you benefit from greater visibility and control.
By issuing a Letter of Credit, your buyer's bank agrees to pay at a set date upon presentation of export documents that comply with the terms and conditions of the Letter of Credit. HSBC's superior standards and security measures may also help you mitigate fraud risk.
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United States persons (including entities) may be subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons and entities should consult a tax advisor for more information.
1 All confirmation requests are subject to approval at HSBC's sole discretion.
2 Customer service hours of operation are 8:00AM ET to 11:00PM ET.
Trade and Supply Chain transactions may be subject to credit approval. Other restrictions, including specific country regulations may apply. Foreign currency exchange rates may apply to certain trade transactions. Certain products and solutions may not be offered in every market.
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