11 March 2019

A business ally through Brexit and beyond

In unpredictable times, HSBC’s support is one thing businesses can depend on – before, during and after the Brexit process - says Ian Tandy, HSBC UK’s Head of Global Trade and Receivables Finance

Uncertainty has become a way of life for UK business. I know our business leaders are adept at handling this – but it’s always reassuring to be able to turn to a consistent ally.

HSBC is here to support UK businesses. Our trade expertise and the pedigree of our global networks make that possible.

We’ll use them to ensure businesses continue to prosper and achieve their ambitions in the post-Brexit trading environment – no matter what shape that takes.

Primed for every outcome

Businesses have been far from powerless amidst the long-running political process. In fact, an ever-growing number have carried out planning for the impact of different Brexit outcomes.

We’ll continue to help individual companies use whatever time is left in the negotiations to their full advantage, by supporting them with their Brexit strategies.

Each business has its own unique needs that demand different solutions: from helping a small manufacturer to source alternative component suppliers, to working with a large corporate to ensure it has consistent support for its treasury function.

At the same time, our trade and economics experts are following every stage of the Brexit process, ready to offer customers useful analysis of the business angles as they emerge.

Our teams on the ground

As Brexit unfolds, UK businesses will find it invaluable to have a banking partner with strong resources in the right territories.

HSBC is a truly global bank with an extensive European footprint. Today, our network reaches a number of European markets, with a physical presence in many of them.

That allows us to connect UK businesses to a world of opportunities and expertise.

Solutions for every challenge

Whatever the outcome of Brexit, our customers know they can turn to HSBC for ways to minimise disruption and ensure continuity, both immediately and over the longer term.

Businesses who find that new customs rules trigger delays and extra costs, for example, may need help to keep their working capital in balance. We offer a comprehensive suite of solutions to help.

For instance, import financing can enable payment to be made to overseas suppliers before clients receive payment from their buyers – freeing up money to use elsewhere in the business. Export financing solutions can provide protection against non-payment, as well as funding to bridge the gap between shipping goods and getting paid.

We’re proud of our reputation in this field. In January we were voted the world’s top trade finance bank for the second consecutive year by Euromoney.

Currency and cash management

Exchange rates are another potentially critical factor. Our hedging and financing solutions can curb the risk that Brexit will create volatility in currency or interest rates.

Larger businesses have identified potential impacts on global liquidity and cash management. Again, HSBC offers continuity – such as access to the processing of urgent, high-value Euro payments – as well as cash pooling options to help companies adapt swiftly to new circumstances.

Your launchpad for growth

For some, the Brexit starting-gun will be the cue to launch investment, expansion or diversification plans that might have been on hold for some time.

We will continue to provide the financing support that businesses need to achieve their growth ambitions in the post-Brexit era.

SMEs could look to our dedicated fund to back up their plans. The current fund was boosted to £12bn after the previous round was fully allocated to firms. With sums ring-fenced in every region, support is on hand for ambitious businesses all over the UK.

Beyond Brexit, beyond Europe

We know from our research that business appetite for trading overseas is undimmed. Many businesses are researching markets beyond Europe, whether influenced by Brexit or simply by the potential offered in promising territories such as Asia and the US.

Here again, HSBC’s network is a potentially rich resource for business. For customers looking to enter a new territory, it’s well worth tapping in to that network to see how we can connect them with useful market knowledge, potential partners and new opportunities.

UK business leaders have always shown creativity and resilience through uncertain times. I know their tenacity will endure when Brexit is no longer the centre of national attention. And HSBC will remain at their side to help them thrive.

For further information on how HSBC can support businesses during uncertain times and beyond, see the tools and guides on our Brexit Hub, as well as our Lending Fund, Trade Navigator and Export Resource Centre pages.

 

 

We’ll continue to help individual companies use whatever time is left in the negotiations to their full advantage, by supporting them with their Brexit strategies.


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