Standby Letters of Credit | Exports | HSBC Business Banking


Solutions for exporters

Standby Letters of Credit

Standby Letters of Credit can support a large range of obligations, including performance guarantee, rent security, advance payment, bid bonds, warranty bonds, customs bonds, commercial trade, insurance, direct pay, and more.

Woman in an apartment building | HSBC Standby Letters of Credit

Payment assurance from a world-class financial institution

As a cash alternative, Standby Letters of Credit allow you to:
  • Support existing business and secure new deals while protecting your cash
  • Provide security that your bid will be honored
  • Submit a performance guarantee
  • Arrange for security deposit on real estate
Provide added convenience and support
  • A Standby Letter of Credit can be issued and amended electronically via HSBCnet1
  • Our global network supports your needs to issue Standby Letters of Credit and Guarantees in more than 60 overseas markets
  • Variable terms are available to meet beneficiary requirements
  • HSBC Trade Professionals assist you in identifying the appropriate Standby Letter of Credit text for your transaction
Improve cash flow and reduce risk
  • Allows you to protect your cash flow so you can win new business and support existing business contracts
  • Alleviates the need for your suppliers to investigate your credit worthiness
  • Provides security that your partner will meet their financial or non-financial obligations

Contact an HSBC Trade and Supply Chain Specialist today.

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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 HSBCnet features and functionality may vary by country.

2 Customer service hours of operation are Mon-Fri 8:00AM to 9:00PM ET and Sat 8:00AM to 4:30PM 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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Learn more about Standby Letters of Credit.

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Global Access for Small Business

HSBC has participated with Ex-Im Bank in the Global Access for Small Business initiative to help small companies export goods and services produced by U.S. workers. If you are interested in learning more about how HSBC and Ex-Im Bank can help support your export sales, visit Ex-Im Bank.

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