How Get Rate works for Internet Trade Services (ITS) transactions

Get Rate is simple to use and appears automatically for eligible Internet Trade Services (ITS) individual transactions at the final authorisation stage.

Features of HSBCnet Get Rate in ITS:

Get Rate in ITS is currently being offered in the UK only
Available for use with Import Bill Instruction, Import Finance, Pre Shipment Finance and Post Shipment Finance within ITS
Either the Debit or Credit account or Loan currency must be sterling (GBP)
Get Rate is being offered for tomorrow and SPOT tenors only; and it is not available over the weekends.
Choose to accept or reject the rate offered by Get Rate. If accepted, the rate is booked as the foreign exchange rate for the corresponding trade transaction. Rejected rates can be processed at the prevailing FX rate offered by the Bank or booked at a later time

Please note, Get Rate for Trade services is available for transactions value dated for the next 1-2 business days following payment approval. This service is not available for same-day transactions, payments that are future-dated 3 or more days after approval, weekends and holidays.

For more information on the Get Rate service, review the How to use Get Rate when authorising a trade transaction on Internet Trade Services (ITS) guide available post-logon in HSBCnet.