HSBCnet

Key services

cash management@hsbc

• Balance and transaction reporting
• Payments and transfers
• Payments advising
• Advanced cash management solutions
• File upload

trade services@hsbc

• Import documentary credit applications and amendments
• Import bill instructions
• Export documentary credit advising and transfer
• Trade account information

 

Key benefits

Balance and transaction reporting

• Gain greater financial control by having access to all your company accounts with HSBC and other banks globally
• Manage workflow efficiently by assigning rights and transaction limits for different Users and accounts

Enriched information

• Access content and ideas across HSBC's products and services through an integrated platform
• View updated market information and research reports

Personalisation

• Mix and match the tools that best suit your online usage habits or business roles

 

Security

Balance and transaction reporting

HSBCnet makes use of sophisticated SSL l28-bit encryption technology to deliver a high availability secure service, enforcing the use of Usernames and passwords for information access. For administrative activities and financial transactions, a User requires a smart card that contains a unique personal digital certificate in association with a personal identification number (PIN).

Click here for more information

 

cash management@hsbc

Our cash management@hsbc solutions enable you to access information on your accounts held with HSBC and other banks around the world, make payments using templates and provide payment information to your suppliers.

Balance and transaction reporting

Access all the accounts and transaction details you need, from anywhere in the world, at any time you want.

• Access information on accounts held with HSBC and with other banks globally
• View balances in summary and drill down for detailed transaction and statement information with just one-click
• Check up to three days' floats and available balances on current accounts
• Use the search tool to find a particular transaction
• Access a variety of reports on your liquidity positions and transaction information, and download them to your own computer

 

Payments and transfers

Make a variety of payments, including telegraphic transfers, autoPay and inter-account transfers. This allows you to improve your efficiency and reduce costs with additional features such as:

• Use templates to increase efficiency of repetitive payments. These can be created for general use, or restricted to those with authority to amend details
• Retrieve details of individual payments for verification
• Upload payment files created in your back office directly to the bank, saving you time and reducing room for error
• Use the search tool to find a particular transaction
• Automated validation checking allows Users to make corrections before submission for authorisation

 

Payments advising

Provide comprehensive payment information to your suppliers, business partners and employees to ease their receivable management via our flexible advising service:

• Flexible advice delivery via e-mail to multiple parties
• Customised advices incorporating enriched payment information

 

Advanced cash management solutions

Balance and transaction reporting

We also provide a wide range of cash management solutions to satisfy your cash management needs, including cheque outsourcing service, and liquidity management solutions.

 

trade services@hsbc

Our trade services@hsbc solutions enable you to initiate trade transactions and have access to real-time trade account information from anywhere at any time. These solutions increase efficiency, reduce waiting periods and allow you to start your manufacturing, sourcing and sales processes earlier.

Import documentary credit applications (DC) and amendments

Apply for import DCs or make subsequent amendments online. DCs can be created faster and more efficiently using saved templates, beneficiary lists and DC clauses.

 

Import bill instructions

Create import bill instructions in one go. Details of all outstanding import bills awaiting instructions will be shown, and any discrepancies in an import bill will be presented so that you can decide whether to accept, reject or settle the bill.

 

Export documentary credit advising and transfer

Full text of DC advised is available and can be downloaded. You can start your manufacturing and sourcing processes earlier with real-time information. DC can also be fully or partially transferred with the click of a button.

 

Trade account information

The following real-time detailed trade account information is available:

• Full text of DC issued or advised
• Outstanding and settled bills
• Shipping guarantees, airway bills and delivery orders
• Loans and margin deposits
• Expirations and due dates of DCs, bills and loans
• Account information

You may search for trade information by search criteria such as DC number, issue date or expiry date.

 

Security and Control

HSBC aims to provide you with a robust, reliable and secure online environment through the adoption of best-of-breed technologies, proven best practice IT policies and procedures, and the dedication of expert resources.

Drawing on our considerable experience as providers of secure electronic banking systems, we also operate a control and support structure designed to ensure that we address all aspects of the risks faced in providing transactional banking online.

SSL 128-bit encryption

SSL (Secure Sockets Layer) uses 128-bit encryption to provide a high level of security, and is the standard used by HSBC and most financial institutions. All data exchanged between HSBC and the User is encrypted to ensure privacy is maintained. This includes the initial establishment of a secure internet session with HSBC.

 

Security credentials and two-factor authentication

For HSBCnet, the minimum credentials required to log on and access the system are the Username, a memorable answer and password that are set by the User and are known only to them. For administrative activities and financial transactions, a User requires a smart card issued by HSBC that contains a unique personal digital certificate in association with a PIN. This adheres to the proven technique of two-factor authentication -to enter the system a User is required to provide something they know (password and PIN) and something they possess (the smart card).

 

Data confidentiality and integrity

HSBC employs security industry best practices to protect customer or personal data. Sensitive data such as your passwords are stored in encrypted databases using a hardware security module.

 

User access levels and control

HSBCnet provides two access levels for customer staff. The system is flexible enough to allow for segregation of administrative and transactional functions.

• Systems Administrators can perform general administrative tasks such as the setup and entitlement of Users to HSBCnet tools
• End Users have no access to administrative functions
• Either type of User can be allocated transactional functionality

HSBCnet allows your designated Systems Administrators to determine individual User access rights and entitlements, down to account level viewing, payment authorisation limits and the number of Users required to authorise a payment. This enables complete control of access and authorisation, while allowing payments to be processed efficiently.

 

Activity log tools

All transactional events and certain system administration functions are recorded in activity logs. Your Systems Administrators can view activity for all Users, while individual Users can view their own activity logs.

 

Contact

Balance and transaction reporting

• If you are interested in finding out more about HSBCnet, or to subscribe to the service, simply contact your relationship manager or email transactionmiddleeast@hsbc.com
• For more information visit : www.hsbcnet.com