We have updated our standard customer terms and conditions for our core trade finance products and services, including without limitation documentary credits, bonds, guarantees, standby letters of credit and export collection services. The changes are effective from 2 October 2023 and applicable to your new trade finance transactions or services.
Why the update?
We’re standardizing our GTRF documentation globally, and simplifying our terms so that they can be found in one easy to reference document. The changes bring the terms in line with the changing ways in which HSBC now offers trade finance products, including online and digital options.
Where can I find the new terms?
The updated terms will be available for reference each time you apply for a new trade finance transaction or service online at www.gbm.hsbc.com/gtrfstt. New application forms can be downloaded at www.business.hsbc.co.nz/en-gb/regulations/forms.
What about current financing agreements?
The updated terms will work in conjunction with your current security, loan and facility documentation (as applicable) which will not change as a result of this update.
If you have questions, please contact your dedicated Business Development Manager or call our client services team at 09 368 8929 or 09 368 8662 or send us an email at firstname.lastname@example.org.