Innovate

New trade solutions to better manage your supply chain

As the world continues to grapple with the COVID-19 pandemic, Canadian exporters are forced to contend with severe global restrictions aimed at containing the crisis. Our products and expertise can help your business navigate these restrictions.

  • Supply chain finance
  • Receivables finance
  • Global Guarantees
  • Traditional Trade Finance

One thing that is unique for us at HSBC is our significant presence in key markets around the world. We have and know people on the ground in key growth markets, so our clients aren’t forced to deal with people for the first time when entering new markets. Instead we ensure they will be dealing with people who have context to their specific business via the existing relationship with their bankers, which enhances their experience and gives them additional assurance.

Andrew Skinner | Head of Global Trade and Receivables Finance, HSBC Bank Canada

i World Trade Organization, April 23 2020, WTO report finds growing number of export restrictions in response to COVID-19 crisis

ii EDC, Global Economic Outlook – Summer 2020

iii Reuters, August 5 2020, Fed policymakers say pickup in infections slowing U.S. economic recovery

iv Western Producer, May 7, 2020, UN body calls pandemic a threat to global food supply

v Government of Canada, May 1, 2020, Joint ministerial statement on action plans to facilitate the flow of goods and services as well as the essential movement of people

vi National Law Review, May 6, 2020, Commission Waives Customs Duties and VAT on the Import of Vital Medical Supplies from Third Countries

vii The Guardian, May 9, 2020, IMF warns of further drop in global growth due to Covid-19

Our tools are designed with your future in mind

Our international network covers 90% of global trade – so we are uniquely placed to help customers around the world achieve their ambitions. We have 3,900 offices in 67 countries and territories serving more than 40 million customers worldwide.

Digitization of Trade

Receivables Finance

  • In Canada HSBC can offer early payment, for up to 90% of our clients’ eligible sales 1
  • Fast access to funding – within 24 hours 2
  • Limited exposure to bad debts through limited recourse sale of amount receivables 3
  • Online access to your accounts in majority of countries
  • Specialized contact for ongoing management of your account.

1 All offers of financing are subject to credit adjudication, qualification and prior approval.

2 Country conditions or restrictions may apply.

3 Applicable for Intra-group guarantees only. Other Terms and conditions apply.

Supply Chain Finance

  • HSBC extends post-shipment early payments to Suppliers
  • Suppliers decrease Days Sales Outstanding and know exactly when and what they will be paid
  • Buyers have greater flexibility on payment terms negotiation and control over working capital
  • Supply Chain Solutions has global reach, meaning funds can be directed across the globe – subject to local regulations.

Global Guarantees

  • In Canada, HSBC can provide ‘All-in’ pricing structure to support guarantee issuance in over 50 markets across the HSBC Group
  • HSBC network banks are viewed as ‘local banks’
  • HSBCnet online platform provides visibility and control
  • End-to-end support allows us to deliver an unparalleled level of service
  • Dedicated onshore support team.

Traditional Trade Finance

  • HSBC provides a range of trade finance solutions in Canada that enable customers to mitigate risk and minimize strain on working capital
  • Domestic Standby Letters of Credit
  • Import solutions: Documentary Credits (DCs), import collections and finance, trade loans, and shipping guarantees
  • Export solutions: pre and post-shipment finance, bill purchase, Export DCs, Financial and Performance Guarantees/Bonds
  • HSBCnet lets you issue payments electronically, view transactions and  receive instant notifications on issuances, amendments and payments
  • Trade Transaction Tracker is a complimentary mobile service app. It helps HSBC clients use documentary trade and guarantees products to speed up their trade cycle, enhance cash flow and improve their management of the supply chain
  • Instant transaction levels advice issued to provide direct visibility.

HSBCnet Trade Transaction Tracker

Get a global view of your documentary credits, collections, trade loans and guarantees across the world in a single app.

HSBCnet’s new Trade Transaction Tracker simplifies the process when used with the HSBCnet Mobile App*.

  • Get a searchable overview of your trade and guarantee transactions
  • View all your export/import paperwork in real-time
  • Track across markets and countries, allowing for better supply chain management
  • Direct mobile access to your detailed trade account information

*The HSBCnet Mobile App with Trade Transaction Tracker is available in Canada and select countries. Visit the App Store, search “HSBCnet” and download the HSBCnet Mobile App today. Apple, and iPhone are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc.  Android and Google Play are trademarks of Google Inc. We do not charge for the App. However, your mobile network operator may charge you to access the App and these charges may vary if you access the App when abroad. You are responsible for these charges.

HSBCnet Trade Transaction Tracker

The quickest and easiest way to access your trade transactions anytime, anywhere.

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.