Correspondent banking
US dollar clearing and settlement for banks that need an American counterparty
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Corporate & Investment
Transaction banking & cash management
One view of group cash, across every bank you use
Overview
Collections, payments, liquidity management and reporting for treasuries running money in more than one country, currency or banking relationship.
Balance and transaction reporting covers your HBI accounts and your third-party banks in a single standardized file, so your treasury does not spend its mornings reconciling portals.
Why HBI
Covered by people who know your sector
Our corporate and investment bank is organized by sector and staffed regionally. The people pricing your risk follow your industry every day, with research, sales and structuring on one desk.
We lend, advise and make markets, and we test each against the others before proposing a structure. Where those roles could conflict we say so, and you choose which one we take.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Domestic and cross-border payments in 38 currencies
- Collections through ACH, lockbox, card, wire and real-time payments
- Zero-balance, sweep and concentration account structures
- Virtual account structures for customer-level reconciliation
- Host-to-host file transfer, SWIFT connectivity and REST APIs
- Receivables matching with automated allocation against your ledger
What you need to qualify
- Corporate or institutional client with an approved facility structure
- Operating accounts with HBI
- Documented mandate and authorized signatory structure
- Positive pay and ACH debit filters on disbursement accounts
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
How it works
Three steps, start to finish
What happens, in what order, and roughly how long each part takes.
Map the flows
We document where cash enters, sits and leaves across every entity and bank.
Design the structure
Account structure, liquidity management and reporting, tested against your controls and audit requirements.
Implement and test
A dedicated implementation manager runs connectivity, file testing and parallel runs before go-live.
Good to know
How we look after you
Three commitments that apply to every corporate & investment product, this one included.
Documentation runs in parallel
ISDA, facility and custody documentation is negotiated alongside credit approval rather than after it, which typically saves several weeks.
Conflicts are disclosed, not managed quietly
Every mandate passes group-wide conflict clearance before engagement. Where we hold more than one role, each is set out in the mandate letter.
One coverage banker
A single senior banker is accountable for the relationship across lending, markets, advisory and transaction banking.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
Yes, through BAI2, SWIFT MT940 or camt.053 where your other banks will send the statements. It is the fastest route to one consolidated view.
You send us a file of the checks you have issued, and we pay only the ones that match. Anything else is held for your decision. It is the most effective control against check fraud.
Reference account numbers assigned to each of your customers, all settling into one real account. Payments self-identify, which removes most manual allocation work.
A standard structure takes four to six weeks. Multi-bank structures with host-to-host connectivity typically take three to four months.
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Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.