E-bank Acceptance Draft

Bespoke solutions for trade finance
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Comprehensive EBAD solutions in response to the diverse needs for e-drafts by trading, service and manufacturing businesses across industries. Electronic operation offers a more convenient and flexible approach and delivers higher efficiency in AR/AP settlement and capital turnover together with additional benefits including reduced payment risks, more efficient financial operations and cost savings for corporate customers.


Bank acceptance draft discounting express, faster and cheaper discounting services

Corporate customers in mainland China with HSBC accepted bank acceptance draft with no further endorsement are entitled to the following discounting benefits and rights under bank acceptance draft discounting express:

  • Free setup of access to ECDS
  • Streamlined and simplified application process for faster discounting services
  • Eligible customers are waived of requirements to provide transactional supporting documents such as the contract and invoice*
  • Better rates of discounting services
  • Account management fee exemption for up to 6 months

* Subject to approval by HSBC


E-bank acceptance draft pool pledge, bespoke solution for trade finance

A bespoke solution for E-bank acceptance draft pool pledge* that enables automated AR/AP management, lower take-up of corporate capital, financial cost savings, more efficient capital operations and optimized cash flow.

Solution highlights:

  • Dynamic management of drafts in the pool
  • Digitally enabled process, streamlined and simplified. When the master agreement on E-bank acceptance draft pledge is signed, pledge can easily be conducted online via ECDS
  • Flexible choice of drawdown amounts, tenors and means of interest payment based on actual needs
  • Trade offerings are available in multiple types and currencies, e.g. DC/guarantee issuance and bank draft acceptance**

*Requirements for E-bank acceptance draft pledge: E-bank acceptance draft compliant with HSBC requirements. Each pledger is required to hold an RMB settlement account with HSBC
**Requirements of specific trade offerings apply

Host-to-host, comprehensive and efficient connect between Systems

This solution directly connects corporate customers’ financial system with the ECDS, which delivers significantly higher operational efficiency for corporate finance professionals. Leveraging the e-draft platform with host-to-host function, each corporate can easily set up a center of shared financial services that centrally manages drafts for all local subsidiaries so as to holistically plan and manage working capital, and save financial and operating costs.

Disclaimer

This document is issued by HSBC (as defined below) and is for the exclusive use of the person to whom it is provided. It is not intended for onward distribution. It is intended for general information only. This document does not constitute an offer or advice for you to purchase from or otherwise enter into any transaction with HSBC or any member of the HSBC Group (as defined below). It is not for solicitation of business across international borders where to do so may require licensing and/or consent from the applicable regulatory authority. Products/services described in this document may not be available in all jurisdictions.
HSBC makes no guarantee, representation or warranty (express or implied) and accepts no responsibility or liability for the contents of this document and/or as to its currency, accuracy or completeness and expressly disclaims any liability whatsoever for any losses (including but not limited to any direct, indirect or consequential losses) arising from or in connection with, including any reliance upon, the whole or any part of the contents of this document by any person and such liability is excluded to the maximum extent permitted by law. You are responsible for making your own evaluation about the products referred to in this document. Nothing in this document is intended by HSBC to be construed as financial, legal, accounting, tax and/or other advice. HSBC recommends that before you make any decision or take any action that might affect you or your business, you consult with suitably qualified professional advisers to obtain the appropriate financial, legal, accounting, tax and/or other advice.
© Copyright HSBC [2020].1 All rights reserved. No part of this document may be reproduced, stored, distributed, or transmitted in any form without the prior written permission of HSBC.
For the purposes of the foregoing:
HSBC” means one or more members of the HSBC Group which issue(s) this document.
HSBC Group” means HSBC Holdings plc and its subsidiaries and affiliates from time to time.

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