HSBC has launched a new service specifically designed to assist businesses with financing against their outstanding invoices for both their domestic and export sales. This introduction strongly compliments HSBC's impressive range of corporate financial services and products, by providing domestic and international factoring for businesses trading on open account payment terms. HSBC is a world leader in global trade services and is one of the largest international providers of factoring services.
HSBC invited Mr. Jeroen Kohnstamm, secretary general of Factors Chain International, to address the participants at the HSBC-hosted seminar for members of the business community at the Le Meridian, Dubai on Monday (1 September). The purpose of the seminar was to show how factoring could improve sales turnaround and provide an instant solution to a business’s cash needs.
