Reshaping trade finance with blockchain

Reshaping trade finance with blockchain

Blockchain for ​Letter of Credit​

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. ​

Why use Blockchain ​Letter of Credit?

  • Faster cash flow and financing

    Get financed within 1 day of document presentation

  • Trade efficiency
    Quicker document and fund turnaround time allows you to trade more
  • Increased visibility
    Higher transparency in logistics and planning
  • Minimised complexity
    A simplified workflow across counterparties​
  • Frictionless​
    Faster discrepancies resolution, lesser iterations on a single platform​
  • Cost efficient​
    Cost reduction on manpower, paper and storage​

How does it work?

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!

Get started with the Contour blockchain platform

  • Step 1 – Initial discussion with HSBC about trade digitisation
  • Step 2 – Connected with Contour
  • Step 3 – Sign legal documents with Contour and HSBC
  • Step 4 – Contour will help with system set-up and conduct training
  • Step 5 – Work with HSBC to structure DC trade on Contour
  • Step 6 – Congratulations! You are live on Contour

Contact us

Contact your HSBC Relationship Manager or Trade Representative to find out how Contour can support your business needs.

Find out more

Simplify Your Everyday

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.

Unlock Your Growth Potential

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.

Client Stories

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.

Strengthen Your Supply Chain

In an ever-changing global trade ecosystem, you need to constantly assess your supply chain in both strategic and financial levels. With our advanced digital solutions, we can help you optimise your supply chain so you can be more agile and efficient.

Uncover New Growth Opportunities

The world has changed how business is done. From emerging trends to new opportunities, our latest innovation can help you uncover new ways to grow and drive your business forward.
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