Pre-Shipment Clean Import Loan - available when you're trading on open account or documentary collections, and suitable where you need to finance the advance payment portion of a contract.
Funds are advanced against a proforma invoice for up to 50% of the value of the full order and for a maximum period of 60 days prior to shipment.
Loan against Import - available when you're trading under an Import Documentary Credit or Import Bill for Collection.
HSBC has control of the goods through receipt of a full set of transport documents. Commercial documents are released to you, meaning that you can clear the goods immediately. There's a pledge on sales proceeds to HSBC until you settle the loan.
Clean Import Loan - triggered by the receipt of an Import Documentary Credit or Import Bill for Collection or where you are transacting on open-account terms.
HSBC does not have any control over the underlying commercial documents. Funds are advanced on presentation of an invoice from a supplier and evidence of shipment via a copy of the transport document.