Your Commercial Operating Agreement is changing on October 1, 2022. Learn More.
Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created by Parliament in 1967 to protect your deposits made with member financial institutions in case of their failure. HSBC Bank Canada, HSBC Trust Company (Canada) and HSBC Mortgage Corporation (Canada) are each a CDIC member institution. CDIC insures eligible deposits made with member institutions subject always to maximum coverage limitations as outlined in CDIC’s brochure, Protecting your deposit.
To view information on Canada Deposit Insurance Corporation (CDIC), please click here.
For further information, please contact CDIC at 1-800-461-CDIC (2342) or visit their website at cdic.ca.
National Instrument 24-101 Institutional Trade Matching Statement and Settlement came into force April 1, 2007. NI 24-101 provides a framework in Canadian securities legislation for ensuring more efficient, timely processing and settlement of institutional trades. CDS participants are required to provide trading counterparties with a written statement signed by a senior executive officer that confirms they have in place processes and procedures that allow matching within prescribed limits.
If you require additional information on National Instrument, please contact your relationship manager or institutional salesperson.
Interest rate benchmarks including the London Interbank Offered Rate (LIBOR), the Euro Interbank Offered Rate (EURIBOR) and certain other Interbank Offered Rates (IBORs) are being reformed.
These reforms are expected to cause at least some IBORs to perform differently to the way they do currently or to disappear, which may impact the HSBC products and services you currently use and those we provide in the future.
Regulatory authorities and public and private sector working groups in several jurisdictions have been discussing the alternatives to IBORs but there is still uncertainty over when these alternative rates will be available and how the reforms will impact specific financial products and services. To find out more about HSBC’s current understanding, please visit IBOR reforms.
Should you have any additional questions, or, require additional information, please contact your local relationship manager
Import application forms
Export application forms
Standby Letter of Credit and Bank Guarantee and application forms
An HSBC trade account relationship, approved trade-finance facilities and trade-finance agreement may be required. For assistance, contact one of our trade finance specialists.