The adoption of blockchain technology opens new opportunities for trade finance to create a better global trade system. Using Contour, a third-party blockchain-based platform that offers an end-to-end LC solution, HSBC can now process Letter of Credit (LC) transactions digitally – bringing banks, corporates, and logistics partners together onto a trusted, digital network in real time.
Faster cash flow and financing
Get financed within 1 day of document presentation
The entire Letter of Credit application process takes place digitally via the Contour blockchain platform – from application to presentation of documents – allowing for faster, simpler and safer trade!
With all your banking done in a one platform, you can simplify your everyday and focus on what matters. Experience true convenience from approving payments on-the-go to having real-time visibility of your finances, all in one place.
As your business expands, we can cater to your growth needs with our digital solutions. We bring you innovative and award-winning digital solutions to help you stay ahead of the curve. So for businesses looking for a partner to drive their business further, we can always help.
The world has changed how business is done. At HSBC, we understand that and have been helping businesses in their digital transformation journey so they can improve productivity and unlock new ways to grow.
Disclaimer
HSBC is an investor and has a seat on the board of Contour LTE PTD.
However, Contour is not a HSBC Platform. Please contact Contour LTE PTD directly for further information.
These materials are for presentation to selected customers of HSBC Bank Malaysia Berhad and HSBC Amanah Malaysia Berhad (“HSBC”) only, and shall not be redistributed, reproduced, copied, published, stored in a retrieval system, or transmitted, in whole or in part, for any purpose whatsoever and on any form or by any means whether electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of HSBC.
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