Blockchain – Transforming the future of trade finance

Behind the first live letter of credit on a scalable blockchain platform

UCR: Cutting Edge Supply Chain Finance

Union Copper Rod (UCR) exports much of its output overland to customers in Saudi Arabia, incurring significant logistics costs in the process. The company was keen to improve its Days Payable Outstanding (DPO) in relation to these costs, while at the same time supporting its key logistics suppliers. Sunil Veetil, Regional Head of Global Trade and Receivables Finance, Middle East, North Africa and Türkiye at HSBC, explains how the company managed to achieve this by becoming the first company in MENAT to adopt HSBC's highly-automated Supply Chain Finance platform.

Trade Academy

Making international trade more efficient

Products Suite

HSBCnet Trade

The quickest and easiest way to access your trade transactions …anytime, anywhere

Find out more about Digital Transformation

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.