Virtual Account Service

HSBC “Foreign Currency Receivables Solutions” is putting as much effort into improving business operational efficiency as you are.

Collecting foreign currency receivables is such a complex process that requires declaring each remittance manually identifying payers and placing pre-due and past-due invoice notification. Isn’t there a smarter and more efficient way to shorten this process?

HSBC knows that foreign currency account receivables is not just accounting procedures, the efficiency in processing foreign currency receivables is closely linked to other operational efficiencies in cash management, production, shipments and inventory control.

HSBC has designed the “Foreign Currency Receivables Solution” to address practical requirements arising from account receivables management. Three solutions are available to accommodate your needs. They will help you manage your foreign currency account receivables more accurately and more efficiently. Collection time is shortened and manual effort is saved, which means easier cash flow management and more business opportunities!

A customized virtual account format and associate collection reports that help you identify payers and shorten the time for collections.

It provides round-the-clock transaction information, helping you manage cash flow and inventory efficiently.

Functions such as detailed collection reports and pre-due / past-due invoice notifications for your business partners enable you to save manual efforts and shorten the collection cycle.

For more information please contact an HSBC representative, or the HSBC customer care service center on (02) 8072-3993