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• Domestic Factoring
• Invoice Factoring
• Export Factoring

Domestic factoring provides funding against invoices raised on customers within India. In addition to this, HSBC also takes care of ledger management. Credit protection^# is also offered as an optional service feature.

Steps to avail Domestic Factoring

• Field survey of your sales ledgers
• Credit assessment of your company
• Setting of Credit limits for each of your customers
• Signing of factoring agreement between you and HSBC
• Your customers accept to route all payments through HSBC
• Post delivery of goods, forward copies of invoices and supporting documents to HSBC
• You can draw prepayments up to the agreed limit

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Invoice Factoring is an alternate solution to domestic factoring, if you would like to avail financing against your accounts receivables, but would like to continue managing collections. The steps involved are the same, as domestic factoring except you to need not inform your customers about the arrangement with HSBC. Your customers would continue to pay directly to you. HSBC would not be responsible for collections of the proceeds. As soon as your customers make the payments, you would have to remit the payment to HSBC.

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Export factoring provides immediate financing against your export receivables. Financing can be availed in Rupees or in foreign currency. We offer Credit protection^# for your export receivables. As part of the full service package, we also offer Sales Ledger Management wherein we handle all your ledger administration and collection jobs through our overseas factor partners, to save you, both time and overhead costs.

Steps to avail Export Factoring

• Field survey of your sales ledgers
• Credit assessment of your company
• Setting of Credit limits for each of your overseas customers
• Signing of factoring agreement between you and HSBC
• Post shipping of your goods, forward copies of invoices and supporting documents to HSBC
• You can draw prepayments up to the agreed limit
• Under HSBC's supervision, an overseas factor partner collects and transfers payments to HSBC
• HSBC credits your account, less prepayments and/or charges

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