- Provides security to the counterparty by a reputable Bank.
- Provides security for either financial or non-financial obligations.
- Payment of the sum agreed in the Bank guarantee and standby documentary credit will be made in accordance with the terms of the Bank guarantee and standby documentary credit, on presentation of a complying demand from the Beneficiary, in spite of any issues arising from the underlying commercial contract.
- As part of HSBC Group we can issue Bank guarantees and standby documentary credits through HSBC Group offices overseas.
Standby documentary credits (SDCs) confirmations
Confirmation for SDC received by the Bank in favour of the beneficiary, considering the risks of SDC issuing bank and country risk.