HSBC Offers Trade Finance Tool to American Business Customers

‘Where some see crises others see opportunities.’ HSBC Holdings is offering a new credit product to U.S. companies that must cover the cost of tariffs imposed by President Donald Trump, which have affected international supply chains. London-based bank announced Wednesday that its TradePay platform will be expanded to directly cover the cost of tariff payments, allowing importers to obtain loans to cope with the increased costs of shipping produ…

HSBC Announces TradePay For Import Duties Amid Tariff Uncertainty

The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital.  By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’ working capital needs are evolving – and we’re responding swiftly with solutions that de…

HSBC Offers Trade Finance Tool to American Business Customers

HSBC has introduced a way to help American clients pay import duties. HSBC TradePay for Import Duties is designed to simplify import duty payments while helping businesses optimize working capital, the bank said in a Wednesday (May 7) news release. “Many corporates are currently facing changing working capital needs and increased upfront commitments,” the release said. “By settling payments of import duties directly and frictionlessly through HS…

HSBC Launches TradePay for Import Duties Solution for US Clients

HSBC today announced the launch of HSBC TradePay for Import Duties, a targeted financing solution for US clients which simplifies the payment of import duties whilst optimising working capital for businesses. Many corporates are currently facing changing working capital needs and increased upfront commitments. By settling payments of import duties directly and frictionlessly

HSBC offers Trump tariff loan to cover clients' import costs

The London-headquartered bank is extending its TradePay platform to directly cover the cost of tariff payments, allowing importers to effectively borrow to meet the increased expenses involved in shipping products into the U.S.

HSBC rolls out TradePay for Import Duties solution for US clients

HSBC TradePay for Import Duties is a targeted financing solution for US clients which simplifies the payment of import duties.