Global Liquidity Cash Management

At HSBC, our professionals deliver tailored solutions to meet your local, regional and global cash management needs. We can carefully review a company's existing banking arrangements and requirements to formulate a solution which meets your organisation's needs and improves operating efficiencies.

Global Liquidity Cash Management

Electronic Banking and Information Delivery

HSBCnet
Our award winning global electronic banking channel which allows clients to access their HSBC accounts and other third-party bank accounts from one central platform. This multi-functional and secure online banking channel provides effective cash reporting, and payments management to meet customers' local and global financial needs.

HSBCnet File Upload (FLU)
The file upload tool allows you to transfer a file of data directly to the Bank back office system for processing. You can reduce operation costs by removing the need to manually re-enter instructions into HSBCnet and improve automation between customer and bank systems.

HSBC Connect
Our most cost efficient file transmission solution, HSBC Connect gives you the ability to send and receive files from anywhere in the world. This global gateway for file transmission and translation effectively integrates payments, receivables and information with your accounting, Enterprise Resource Planning (ERP) and other in-house financial systems. A single delivery channel, HSBC Connect gives you access to our extensive global footprint including a wide range of payment functionality across all regions.

SWIFT for Corporates
SWIFT enables corporates to obtain financial services (payments, treasury and securities orders, reporting) with all their financial institutions through one single, highly secure, standardised communication platform, as opposed to multiple connections. SWIFT’s internationally recognised standards help corporates to reduce costs and risk, increase funds visibility and improve automation. This leads to easier regulatory compliance. By joining SWIFT, corporates have access to over 9,400 financial institutions in more than 200 countries.

Global Information Reporting (GIR)
Global Information Reporting is the strategic, central statement generation service that produces Intraday and End of Day statement files and delivers them across all channel supported delivery methods. It provides you consistent statement data regardless of the delivery method you wish to receive the statements through. The foundation of this solution - one data store, for central statement report generation in all global industry standard formats via all Channels, and delivery methods.

Receivables

Backed by HBSC's vast experience and robust technology platforms, you'll find your business can effectively manage collections using our innovative receivables offerings. We can help you to:

Access detailed receivables information to better manage your business and consumer collections
Increase straight-through processing and eliminate exceptions
Automate posting of accounts receivable data

Need more information?
Contact Us

Accepting Payments

Our full suite of receivables management solutions is designed specifically to help meet the ever-changing needs of our corporate clients, enabling them to accept all payment types including:
Cash
Cheques
Automated Clearing House (ACH) transactions
Online Bill Payments
Incoming Wire Transfers

Utilize our global online banking platform to assist you in managing receivables:

Liquidity and Accounts

When it comes to managing liquidity, the pressure is always on to improve your bottom line and continually enhance shareholder value. And the simple fact is that the key to doing this successfully is to put every idle dollar to work for you - efficiently and cost effectively.

Integrated approach
At HSBC we know that smart liquidity management relies on your ability to maximise capital in all facets of your business. That's why our approach to liquidity management is an integrated one, giving you access to a wide range of tools that work together to support the long-term financial health of your company. This includes:
Comprehensive short term options and investment strategies
Available across multiple time zones
Designed specifically to help you expertly manage your liquidity

Sweep Facility

Sweep Facility from HSBC automatically moves idle funds between your Corporate Account and HSBC Corporate Money Funds to keep your cash working for you 24 hours a day.

This innovative cash management service provides money market returns while retaining the convenience of full operating account access.

More about the Sweep Facility
HSBC Corporate Money Funds (HCMF) is an off-balance-sheet money market fund rated 'Aaa' by Moody's Investor Services
Daily dealing for the liquidity you require
Access to two classes of shares with differing rates of return, depending upon balance
Dividend earnings on holdings in HCMF
Sweep threshold authorises HSBC to sweep any funds in excess of the threshold to the Corporate Money Funds
A Daily Sweep constitutes a purchase or sale of shares in HSBC Corporate Money Funds, which are not protected by HSBC's balance sheet

Fixed Deposits

With a range of major currencies made available to you, HSBC's time deposits offer you security and convenience along with competitive interest rates. You can enjoy flexible placement periods and better cash flow management, while maintaining access to your cash.

Short-term fixed deposits are available in all major currencies. The maturity date can be fixed from one day to one year. Long-term fixed deposits are offered in BMD, USD, GBP and EUR. The maturity date can be fixed from one year up to five years.

Key features and benefits
Available in all major currencies
Deposit is secured by the Bank's balance sheet
Minimise your investment risk with superior return to that of savings accounts
Competitive rates of interest earned, based on amount and term of deposit
Interest may be reinvested or paid to another account at HSBC Bank Bermuda Limited
High liquidity on investment with flexible placement periods
Segregation of principal and interest
Confirmation details mailed at deposit inception

What you should know before you apply
Interest is paid at maturity
Penalty applies only if deposit is redeemed prior to maturity date

Cash Management Account

Our Cash Management Account(with cheques), offered in both Bermuda and US dollars, offers a simple and flexible solution for corporate clients.

The Cash Management Account has no minimum balance requirements and includes a low monthly fee of USD10.00.

Key Features and Benefits:
Increases operating efficiency by eliminating manual cash management
Consolidates account reporting
Local cheque clearing offered in US and Bermuda Dollars Consolidated and comprehensive customer reporting on a monthly basis

Cash Management Account (without cheques)
HSBC knows the importance of simplicity when it comes to setting up accounts. We therefore offer savings accounts in all major currencies for corporate clients.

If you do business cross-border or overseas, you can benefit from convenient access to your funds in the currency that you need it in.

Features and benefits:
Available in most market traded currencies.
Detailed monthly account statements for accounts with activity
No monthly maintenance fees

Disclaimer

The value of investments and any income they generate can go down as well as up, meaning you may not get back the full amount you invested. Past performance is not indicative of future performance.

These products and services are offered only in jurisdictions where and when they may be lawfully offered by HSBC Bank Bermuda Limited and the material on these pages is not intended for use by persons located in or resident in jurisdictions which restrict the distribution of this material by us. Persons accessing these pages are required to inform themselves about and observe any relevant restrictions. These pages should not be regarded as an offer or solicitation to sell investments or make deposits in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdictions. This information is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary.

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. HSBC Global Asset Management (Bermuda) Limited of 37 Front Street, Hamilton, Bermuda, is a wholly owned subsidiary of HSBC Bank Bermuda Limited. Funds managed by HSBC Global Asset Management (Bermuda) Limited are offered by prospectus only in those jurisdictions where they are permitted by law. HSBC Global Asset Management (Bermuda) Limited makes no representation as to the suitability of the funds for investors. HSBC Global Asset Management (Bermuda) Limited is licensed to conduct investment business by the Bermuda Monetary Authority.

 

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Please be aware that the external site policies will differ from HSBC Bank Bermuda Limited website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.