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Standard Trade Terms

We’re standardizing our Global Trade and Receivables Finance documentation globally, and simplifying our terms so they can be found in one easy to reference document. The changes bring the terms in line with the changing ways in which Hang Seng Bank now offers trade finance products, including online and digital options.

The updated terms are now called Standard Trade Terms. Except for the updated terms for guarantees service and other terms applicable to the provision of the guarantees service which are effective from 2nd August 2021, the rest of the Standard Trade Terms will become partly or fully effective and applicable to standby letters of credit and other core trade finance products and services at a later date(s) in 2021 or 2022 which you will be notified.

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