Packing Credit

Why is this type of finance right for you?

Gives you working capital to fulfil orders
Covers all pre-shipment costs
Lower interest rates than traditional overdrafts

Other benefits

You have an extended, flexible finance period – usually 90 days before the shipment date
The credit covers manufacturing costs such as raw materials and employee wages
Supports cash flow while goods are being packed and waiting for shipment
Simple pro-rata repayment from Documentary Credit proceeds or buyer remittance
Credit terms can be structured to suit your business
You can win new business by offering more competitive terms to trading partners

Other useful information and services

Next steps

Call 2951 3232/ 2951 3548
Visit an SME Centre

Your Online Options

Access our Internet trade service products in your office. You can send instructions, view and manage your trade accounts, receive advices and access market information anytime, anywhere. What's more?

Save 57% on telegraphic transfer to mainland China (non HSBC accounts)
Save 55% on telegraphic transfer to other countries
Prepare your document credit and make amendments any time with the Internet

Starting a Business

So you have a business idea. What's your next step?

Apply for a commercial banking account online
Raise finance and manage cash flow
Set up MPF