Exporting

HSBC offers tools and services that reduce some of the financial risk associated with your export activities. Included here is information about export credit insurance, contract bonding and international guarantees, pre-shipment finance, confirmed letters of credits, and Trade Invoice Non-Recourse Financing Facility (TINRFF).

To discuss your international Trade and Supply Chain needs,

call us at 1-866-808-HSBC (4722)

or use our branch locator to find the HSBC branch in your neighbourhood.

Trade Invoice Non-Recourse Financing Facility (TINRFF)

Exporters working on open-account terms are frequently required to obtain financing by way of a conventional Revolving Line, Overdraft or Operating Facility that is margined against insured receivables and lined with recourse to the customer.

To assist exporters to improve their working capital and cash flow, as well as simplify the administration of cross-border trading and minimize risks associated with open-account business, HSBC offers Trade Invoice Non-Recourse Financing Facility (TINRFF), an innovative financing tool.

TINRFF allows exporters to sell, at a discount, up to 100 percent of their open-account receivables covered by Export Development Canada (EDC) to HSBC, on a without-recourse basis; under either a tripartite agreement or the HSBC accounts receivable policy for purchased receivable.

Key Benefits:

Improves working capital by converting receivables/invoices to cash
Protects against commercial and political risks
Offers non-recourse discount versus traditional financing of accounts receivable with recourse
Improves the quality of credit management
Allows for increase over existing credit facilities
Removes administrative work of policy management¹
Saves on premiums, which are only charged on receivables/invoices purchased¹

Key Features:

Up to 100% of the open-account receivable or invoice insured by EDC on a without recourse basis, purchased at a discount
Terms will match your business trade cycle, up to maximum of 180 days
HSBC will centrally administer all insurance coverage arranged under the HSBC Accounts Receivable Policy for Purchased Receivable
Easy process and documentation arrangements to deal with “standalone” requests
HSBC-managed policy ensures premiums are only charged on receivables/invoices purchased¹

¹ Insured via HSBC Bank Canada accounts receivable policy for purchased receivable