Packing Credits

• Provides the working capital to finance cost of materials, wages and/or the manufacture of goods
• Extends flexible finance period ahead of shipment date
• Structures finance around the actual business you do, allowing you to enjoy lower interest rates (than traditional overdraft), while ensuring that all your expenses before shipment are covered
• Enables you to secure new business, as the availability of finance provides the flexibility to offer more competitive terms to your trading partners

After having secured the purchase order for your goods, do you lack the working capital to fulfill the order? Don't let the lack of financing prevent you from expanding your business and apply for pre-shipment finance provided by HSBC.

HSBC provides facilities structured around the business you do, allowing you to enjoy lower interest rates and ensuring that finance will be available to cover your expenses in making goods so that shipment can be made.

How Packing Credits work

The loans must be supported by original irrevocable Documentary Credits (DCs) or confirmed orders by specified reputable buyers of international standing.

The advance is self-liquidating. That is, it is repaid from the DC proceeds of the subsequent presentation. For further details please contact HSBC Trade Services.

If you want to find out more about our Commercial Banking, please call us on 4 4722 77 (24 hour customer service line) or stop by at your nearest HSBC branch. You could also contact us via e-mail.