A DC is an undertaking by HSBC, acting on behalf of the importer, to make payment for goods or services provided by the supplier within a prescribed time limit and against compliant documents. A DC provides comfort to the buyer that payment will only be made upon presentation of the required documents.
Whether you use documentary credits or collections for your imports, there may be times when you need HSBC's support in funding to allow you to fulfill your trade commitments.
HSBC can provide shipping guarantee services against margin or a pre-arranged trust receipt facility. This will enable local importers to obtain immediate delivery of goods which have arrived at the port before receiving shipping documents such as Bills of Lading.