HSBC Open Account Trade Application PDF

How do I create an application for an Open Account trade transaction? Open Account allows you to use HSBC Trade Solutions services to support your direct Open Account activities with your suppliers. Use this feature to create a request where transport documents are not being routed through the banki...

How do I create an application for an Open Account trade transaction? Open Account allows you to use HSBC Trade Solutions services to support your direct Open Account activities with your suppliers. Use this feature to create a request where transport documents are not being routed through the banking systems and you are directly paying your suppliers. Note: This service may not yet be available in your region/country. Complete the following steps to create an application for an open account trade transaction. 1. Select the Create open account application link under the Trade solutions tab of the main menu. Create open account application link in the main menu 2. If this is the first time you are accessing this service, a page opens allowing you to Edit the location and trade ID no. select Submit when finished. Edit location and trade ID/ account no. 1 Last updated: November 2023  How do I create an application for an Open Account trade transaction? 3. The Create new application form opens for the selected institution and trade account. Expand each section to complete all mandatory fields and any optional fields. Note: Additional fields appear depending on the options you select in each section of the form. Create new application form Basic information The four sections under the Basic information accordion are: Open account type, Customer reference, Currency, Transaction amount and Advance payment amount (if you selected the Advance payment option). Basic information section 2 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Applicant details Applicant details Beneficiary details: You can either add new beneficiary details or select an existing beneficiary by selecting the link next to the beneficiary’s name. If you entered information about a new beneficiary, select Save as new beneficiary. Beneficiary details 3 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Beneficiary bank details Beneficiary bank details Settlement instructions Complete the mandatory fields in this section. Settlement instructions Messages to bank You have the option to add a message to the bank if you wish to provide instructions relevant to your application. Message to bank 4 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Supporting documents Select the Manage attachments button in this section to upload any supporting documents for this application. Supporting documents 4. Select Submit when all sections are completed. You can also Save or Print this form before submitting it. Submit completed form 5. A confirmation page opens allowing you to review the information. Accept the terms and conditions before selecting Submit. 5 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Confirmation page 6. An acknowledgement confirms that your application has been submitted. 6 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Acknowledgement 7 Last updated: November 2023  How do I create an application for an Open Account trade transaction? Disclaimer This user guide is prepared by HSBC Bank plc (“HSBC”) for issuance by it or another member of the HSBC Group, which comprises HSBC Holdings plc and its subsidiaries (“HSBC Group”). The user guide is prepared for use by the relevant issuing HSBC Group member to provide the recipient with guidance in relation to the use of the HSBC Group’s products and services referred to in it. It is not intended to constitute an offer of finance or other services, nor does it constitute accounting, investment, legal or tax advice, nor advice in relation to the suitability of the HSBC Group’s products or services for the recipient’s intended business purposes or activities. The recipient should not rely upon the contents of the user guide and must obtain its own advice in this regard. This user guide should be read in its entirety together with all other relevant terms, guidance and information made available to the recipient in connection with the products and services to which it relates. The HSBC Group does not warrant that the user guide nor any information contained in it is complete or accurate, including any material sourced from a third party and reproduced in the user guide. Any information or opinions are provided as at the date of the user guide and are subject to change without notice at any time. This user guide is intended solely for use by the recipient to whom it is made available by the relevant issuing HSBC Group member. It should not be photocopied, reproduced, distributed, or disclosed in whole or in part to any other organisation or person without the prior written consent of HSBC or other relevant issuing HSBC Group member, each of which excludes any liability in connection with the user guide to the maximum extent permitted by law. Disclosures HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. It is listed with the registration number 114216. HSBC Bank plc is a company incorporated under the laws of England and Wales with company registration number 14259 and its registered office at 8 Canada Square, London E14 5HQ. HSBC Bank plc’s registered VAT Number is GB 365684514. HSBC Continental Europe (HBCE) is a public limited company (a société anonyme) with registered office at 38 avenue Kleber 75116 Paris, registered with the Paris Trade and Companies Register under number 775 670 284. HBCE is authorised as credit institution and investment services provider by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), regulated by the Autorité des Marchés Financiers and the ACPR, supervised by the European Central Bank as part of the Single Supervisory Mechanism. Copyright: HSBC Bank plc 2023. ALL RIGHTS RESERVED. 8 Last updated: November 2023