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Online domestic FCY payment through RTGS

HSBC Bangladesh has launched online domestic FCY payment solution through RTGS, in association with Bangladesh Bank.

Guarantees

Conduct business with confidence, even where you lack established relationships, through the use of guarantees and standby letters of credit. An HSBC guarantee could enable you to negotiate favourable terms with buyers and suppliers by protecting them from non-performance under a contract while addressing your financing needs. HSBC offers tailored solutions including performance, advance payment, tender, warranty, financial guarantees and standby letters of credit as well as others upon request.

Imports

Access the working capital you need and improve cash flow by bridging the gap between settlement with suppliers and payment from buyers, putting you in the position to negotiate better prices. Our import finance solutions offer flexible financing options, fixed or variable repayments and a drawdown process on individual transactions to qualified importers. This is combined with our international trade expertise, which enables us to design a structure to suit your specific trading cycle.

Global receivables

Improve the way you manage working capital by streamlining and enhancing visibility of your receivables. Our comprehensive range of global receivables solutions is backed by our global presence and local knowledge. As a result, HSBC could help you manage your entire collection cycle with greater speed and efficiency, including the physical collection of funds, data processing and information delivery. That means your team can focus on maximising business opportunities and other important projects that add value to your operations.

Global payables

Simplify processes by making paper-based and electronic domestic and international payments quickly and easily. Using our global payables solutions, you will be able to manage expenses and payments more effectively, while also minimising your exposure to payment fraud. Reconciliation is also faster, which can help further streamline payments management.

eVAT – Online VAT Payment Solution

Now you can make VAT payments to the Government electronically through HSBCnet.

Customs Duty ePayment

This solution allows you to initiate payments for customs duty faster and easier using HSBCnet. You will receive instant notification upon successful payment and the National Board of Revenue (NBR)’s database will also be updated instantly.

Blockchain for Trade Finance

Faster, safer and better informed for businesses doing trade finance transactions.

Direct Debit

From following up on payment status, to the manual effort involved in reconciling cash and cheques from customers, the accounts receivables (AR) process can be time-consuming. To provide greater convenience on your collections, HSBC Bangladesh has launched our Direct Debit service.

Instant Collection

HSBC Bangladesh has launched Instant (real-time) Collection through National Payment Switch Bangladesh (NPSB) based Internet Banking Fund Transfer (IBFT) for our corporate and retail clients.