Export documentary credit

An export documentary credit is a commitment given to you as the exporter by the buyer’s bank (the Issuing Bank) that they will make payment to you upon presentation of a pre-agreed, specified set of documents to a nominated bank. If you want to remove the risk of non-payment by the Issuing Bank, and other risks associated with the importing country, you can request adding confirmation to the document by a prime bank.

Ensure you'll be paid for the goods you export, even if your customers can't make a payment on time (or at all). You can benefit from expert advising and confirmation services, expedite payment while still extending credit to your buyers. With HSBC Bank Armenian’s export documentary credit solutions, you enjoy greater payment assurance under the documentary credit and benefit from greater visibility and control with access to comprehensive suite of processing and payment services.

Please click here for reviewing general terms and conditions applicable to credit facilities

At a glance

You want additional assurance of payment from your buyer before starting work or shipping an order.

You need a trusted financial partner to help you receive payment quickly while minimizing the risk of non-acceptance of documents by the documentary credit-issuing bank.

You are not familiar with the documentary credit-issuing bank and its ability to make payment.

Your buyer has requested extended credit terms, but you need to access funds immediately after shipment without having to draw down on your credit facilities.

You want payment assurance from world-class financial institution.

You are concerned with political factors in your buyer’s country

Call us on:

+374 (60) 655 300

open hours 09:00-18:00

+374 (60) 655 000

Our phone lines are open 24/7

Key benefits

  • Reduce the risk of non-payment

     

    Reduce the risk of non-payment by your buyer through the issuance of a documentary credit by your buyer’s bank. By issuing a documentary credit, your buyer’s bank undertakes to pay at a set date upon presentation of export documents that comply with the terms and conditions of the documentary credit.
  • Greater flexibility to increase sales

     

    Greater flexibility to increase sales. Expand your sales to new customers in new markets with added payment assurance.
  • Export documentary credit can be tailored to your business needs

     

    Each export documentary credit can be tailored to your requirements governing shipping, delivery, insurance and quality inspection.
  • Providing your buyers with deferred payment period

     

    With export documentary credits you can furnish your counterparts with deferred payment period, however you can get payment in advance upon presentation of documents in compliance with the terms and conditions of documentary credit.

Documentary credits are handled in accordance with the rules published by the International Chamber of Commerce (ICC).

Last updated on: 22/11/19 18:47 UTC

You are now leaving hsbc.am

We are not responsible for the accuracy and trustworthiness of the content of the website, and the consequences that might occur as a result of using the promotions/advertisements available in the website.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.