Invoice & receivables finance
Turn 60-day terms into cash this week
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Overview
Letters of credit, documentary collections, guarantees and structured trade facilities for importers and exporters, covering trade with more than forty countries through our international correspondent network.
Trade finance exists to bridge the risk between parties who have never met. We issue the instrument, check the documents, and tell you plainly where the risk still sits.
Why HBI
A bank that reads your interim financial statements
Business banking at HBI starts from how you trade. We look at cash conversion, customer quality and the people running the business, not only at what could be pledged as security.
From the Growth tier upward you deal with a named banker who knows your file. They have a direct line and a published response time, and they stay with the relationship as the business grows.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Import and export letters of credit, confirmed or unconfirmed
- Documentary collections on D/P and D/A terms
- Performance, advance payment, retention and bid guarantees
- Standby letters of credit under UCP 600 and ISP98
- Pre-shipment finance against confirmed orders, including EXIM-backed working capital
- Invoice discounting on post-shipment export receivables
What you need to qualify
- An HBI business or corporate account
- An approved trade finance facility limit
- Underlying commercial contract or purchase order
- Export license and sanctions screening documentation where required
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Fees & rates
Published here, and the same figure you will see in your quotation.
| Instrument | Issuing fee | Commission | Typical tenor |
|---|---|---|---|
| Import letter of credit | 0.25% (min $150) | 0.35% per quarter | 30 – 180 days |
| Export LC confirmation | By country risk | 0.40% – 2.50% p.a. | 30 – 180 days |
| Documentary collection | $95 flat | — | At sight – 90 days |
| Performance guarantee | 0.50% (min $200) | 1.50% – 3.00% p.a. | 12 – 36 months |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
How it works
Three steps, start to finish
What happens, in what order, and roughly how long each part takes.
Agree the facility
We assess your trade cycle and counterparties and put a facility limit in place.
Issue the instrument
Apply online or through your banker. Instruments are typically issued within one business day of a complete application.
Present and settle
We examine documents within 24 hours, flag discrepancies and settle on compliant presentation.
Good to know
How we look after you
Three commitments that apply to every business product, this one included.
Controls come switched on
Dual authorization, account verification and user permissions are the default on business profiles. You choose to relax them; you do not have to remember to add them.
Your data feeds your books
Daily statement feeds run to QuickBooks, Xero and NetSuite, and reconciliation files are available for anything else, so month end starts from matched figures.
Decisions come with reasons
When we decline or reduce a facility we explain why and what would change the answer, so the next application is a better one.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
A letter of credit is a payment mechanism — it pays on compliant documents. A guarantee is a security instrument — it pays only when the other party defaults.
We notify you within 24 hours of examination with every discrepancy listed. You may waive them, correct and re-present, or decline.
We confirm where we have a correspondent relationship and country appetite. We will tell you before you commit whether confirmation is available and at what price.
Yes, against a confirmed order from an acceptable buyer, typically up to 70% of the order value.
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Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.