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Import Documentary Credit
Why is this payment method right for you?
- Ensures a supplier has met your terms and conditions before you pay them
- Strengthens your negotiating position by offering a guaranteed payment
- Can be used to improve cash flow
Other benefits
- Protects you and your supplier's interests
- Can be used to increase the credit period a supplier is willing to give
- Documentary Credits issued by HSBC will be widely accepted as payment assurance by suppliers and their banks
- Can be used in place of deposits and advances financed by import loans, overdrafts or your own cash reserves
How does a Documentary Credit work?
A Documentary Credit is an undertaking by a bank to pay a supplier for goods or services within a prescribed time limit as long as clearly defined terms and conditions have been met.
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