Protects your interests if your buyer does not issue Documentary Credits
Puts you in a position to negotiate better terms and prices
Simple and cost effective
Documents and payment collections are handled on your behalf
Reduces disputes as Documentary Collections are governed by URC522*, which clearly defines the responsibilities of different parties, along with interest and expense issues
Access to HSBC's international network makes it easier to chase outstanding payments
Always check a buyer's credit status and reputation before agreeing to a Documentary Collection.
*URC 522 refers to the Uniform Rules for Collections 522.
Global Trade and Receivables Finance 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.
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