Standby Letters of Credit | Imports | HSBC Business Banking


Solutions for importers

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.

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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 HSBCnet
  • 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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The forms found on this page are only intended to provide you with an alternative to the printed forms currently supplied to you by the Bank. These forms can be completed and printed here on our web site. After the form is printed, it should be signed by an authorized signatory of your company and either faxed or mailed to:

HSBC Bank USA, National Association
Trade and Supply Chain Department
2 Hanson Place
Brooklyn, New York 11217

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 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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