HSBC paves way for SMEs to access receivables finance via Networked Trade Platform

Benefits of HSBC's Receivables Finance programme include the widened use of the CamelONE Trade Finance portal on NTP, streamlined submissions and quicker access to finance, the lender said.

Up until now, CamelONE Trade Finance has facilitated the issuance of letters of credit and guarantees. Businesses reliant on receivables finance have had to apply directly to their bank, as opposed to on the NTP. "CamelONE Trade Finance is the latest platform for our customers to manage banking with HSBC digitally. Using application programming interfaces , HSBC can now process customer's digital transactions through CamelONE Trade Finance with no human intervention," HSBC said.

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