HSBC Bank Australia Limited – Wholesale Banking

The International Cash Management Account is a At-Call account offering catering for HSBC's foreign currency account offering.

HSBC's primary current offering known as a Business Cheque Account is an interest bearing account aimed at meeting Corporate's daily banking needs with the flexibility of easy access and control. This account type is of particular relevance for clients with a need to conduct ACH transactions. Customer benefits include:1)Attractive Interest Rates, 2)Online access via HSBCnet and 3) Competitive fees.

Transaction Negotiation Authority (TNA) is used when a corporate customer is using a third party payroll bureau to process payroll on behalf of the client. The “TNA” is issued by HSBC to the payroll bureau’s bank to remove the risk of failed settlement by the customer up to the limit agreed with the customer.

HSBC offers two types of Virtual Accounts (VA): (1) Traditional VA - A unique reference number in the format of a BSB and account number that payors can use to make a payment to help Wholesale banking customers with payor identification; (2) Next Generation Virtual Account Management - A solution that can help reduce the number of physical bank accounts held by the customer and streamline bank account management and reconciliation activities

Encashment Authority (ENA) is used by customers for cashing cheques at alliance bank branches for petty cash. The ENA is issued by HSBC to its alliance bank to remove the risk of a dishonoured cheque up to the limit agreed with the customer.

Provides a fixed term investment at a specified interest rate.

HSBC’s 31 Day Notice Account (31DNA) is a deposit available in AUD and USD that rewards long term behavior by paying an enhanced yield on funds held prior to notice of withdrawal. Withdrawals are subject to a notice period during which the credit interest rate applied will reflect the reducing residual term.

HSBC Virtual Card

Single and multi use virtual cards for corporate expenditure

HSBC Corporate or Purchasing Card

Corporate or Purchasing cards for corporate expenditure including T&E and Procurement spend

Term Loans are loans provided at a specified sum with a specified tenor and repayment schedule, which once borrowed and repaid may not be reborrowed.

Revolving Loans constitute credit lines available over a specified period of time where the loan is allowed to be drawn, repaid and re-drawn within the available limit during the term of the facility.

The overdraft facility allows the borrower to have a negative balance on the current account in the respective currency. The overdraft is an on-demand credit facility, designed to be used as a flexible borrowing for general working capital requirements.