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Open account

You need strategies and solutions to help you navigate an uncharted environment
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Trade directly with organisations that have a good financial status and that also recognise your business’ good financial standing using HSBC’s open account solutions. You may even be able to take advantage of import and export finance without the need for an underlying documentary credit (letter of credit). If you’re selling on open account terms, our receivables finance products could deliver the financing, or collection services you need. Plus, our supply chain solutions are designed to help you optimise working capital, reduce costs and gain better visibility and control over receivables.

Our open account solutions

Receivables finance

Turn receivables into cash faster. If qualified, you may be able to access up to 90% of invoice values immediately upon issuance.

Europe’s ‘debt illusion’

Borrowing provides a short-term economic boost – but it must eventually be repaid

Managing trade risk

Globalisation has seen a huge increase in the number of small and medium sized businesses starting to trade internationally. While this is a worthwhile step in terms of profitability and diversification, it does involve taking on new risks. However, as Mark Hussain, Global Head of Commercial Insurance & Investments at HSBC explains, it is possible to mitigate these risks economically.

Risk

Businesses of all sizes face a wide variety of risks every day. Some of these risks may be trivial, while others have the potential to close down the business. A key skill is therefore the ability to find a way of mitigating these critical risks. As Mark Hussain, Global Head of Commercial Insurance & Investments at HSBC explains, it may not be feasible to completely neutralise all these risks, but it is possible to devise a strategy that reduces them to a level acceptable to the individual business.

HSBC sets out net zero ambition

Find out how we plan to help build a thriving low-carbon economy.

Europe’s post-pandemic prospects

Lockdowns depressed demand, now the economy’s supply side is threatened

Sustainable Finance insights

Read the latest report on the recent developments in sustainable finance solutions, in the face of the COVID-19 pandemic.

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Insights

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