- Home
- Commercial
- Trade and Supply Chain
- Importing
- Import Documentary Credit
You are not logged on.
Import Documentary Credit
Information
Why is this payment method right for you?
Ensures a supplier has met your terms and conditions before you pay them
Strengthens your negotiating position by offering a guaranteed payment
Can be used to improve cash flow
Other benefits
Protects you and your supplier's interests
Can be used to increase the credit period a supplier is willing to give
Documentary Credits issued by HSBC will be widely accepted as payment assurance by suppliers and their banks
Can be used in place of deposits and advances financed by import loans, overdrafts or your own cash reserves
How does a Documentary Credit work?
A Documentary Credit is an undertaking by a bank to pay a supplier for goods or services within a prescribed time limit as long as clearly defined terms and conditions have been met.
