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Purchasing Exports Bills
Cash advance against an expected payment from your buyer
- Enhances cash flow while awaiting payment from your clients
- Improves your competitiveness by offering flexible payment options to your clients without affecting your cash flow
- Allows you to reinvest funds in your business before receiving payment from your sales
Business operations can sometimes be held back while waiting for customers to make payments. To minimise the impact of receivables to your business, you can get funding immediately by having HSBC purchase your Documentary Collections.
How DA/DP Purchases Work
With credit facility, a cash advance is provided against an expected payment from your buyer under Documents against Acceptance (DA) or Documents against Payment (DP) collections. When the bill is paid, we keep the proceeds to pay off the loan. As such, it is an ideal way for you to improve your cash flow.
Need more information?
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.
