Commercial Open Account

The HSBC Commercial Open Account is best suited for customers requiring purchase order tracking. This paid-in-full product usually serves large companies with multiple locations. The open account takes on one of two forms: Net or Prox. The Net account structure allows customers to be billed by invoice. The Prox account structure provides invoice level detail in a consolidated monthly statement.

Features and  Benefits of the Net and Prox Accounts

Features	Benefits
100% Financing	Improves cash flow - Free up capital for other improvements
Dedicated Credit Line	Increases purchasing power - Enables quick, subsequent purchases without requesting a new credit review
Payments Applied by Invoice	Consolidates billing and streamlines accounting - Payments can be made to each separate invoice, improving money management
Detailed Purchase Information (Level II)	Simplifies account reconcilliation - Best-in-class tracking provides easy, accurate and comprehensive reporting
Monthly Recap	Enhances expense management - Summarizes all account activity (purchases/payments/returns, etc.)
Advanced Approval Process	Accelerates purchasing activity - Quick and easy approval process allows for immediate purchase

Commercial Revolving Account

The HSBC Commercial Revolving Account is ideal for customers requiring flexible repayment terms. The product usually serves small to medium size businesses.

The Revolving Account allows customers a minimum monthly payment with an option to pay-in-full, and provides a monthly statement based on the cycle date. The revolving products typically offer a 25-day grace period.

Features and Benefits of the Revolving Account

Features	Benefits
100% Financing of Extended Payment Options	Improves cash flow - Allows minimum monthly payments - Frees up capital for other improvements
Efficient Expense Management	Keeps business expenses independent of personal spending - Tracking purchases separately via monthly statements - Easier on taxes and accounting
Dedicated Credit Line	Increases purchasing power - Enables quick subsequent purchases without requesting a new credit review
Advanced Approval Process	Accelerates purchasing ability - Quick and easy approval process allows for immediate purchase
No Annual Fee	Pay only for your purchases