30 July 2026
Launch of USD Corporate Card
The USD Corporate Card was launched on 23 July 2026. The Commercial Bank Tariff has been revised to include the USD Corporate Card fees and associated charges. The revised tariff can be viewed here.
27 July 2026
Changes to SmartForm Payment Instruction Processing
Effective 27 August 2026, payments instructions submitted via SmartForm may take up to three (3) business days to process. SmartForm and its Terms and Conditions have been updated accordingly. The revised SmartForm Terms and Conditions will apply to all transactions processed on 27 August 2026 onwards, including SmartForm instructions submitted prior to 27 August 2026.
The revised Terms and Conditions can be viewed here.
20 May 2026
Demise of Free-Format Manual Payment Instructions from 31 May 2026
With effect from 31 May 2026, we will no longer accept free-format manual payment instructions. We encourage you to submit payment instructions electronically using our e-channels, or use Smartform (Telegraphic Transfer / Local Interbank Fund Transfer / In-House Transfer). Access Smartform here.
Click here to read more notices.
To support Singapore businesses in capturing new opportunities in the green economy, Enterprise Singapore has launched an Enterprise Financing Scheme – Green (EFS – Green) with partner financial institutions to enable better access to green financing for enterprises developing technologies and solutions to reduce waste, resource use or greenhouse gas emissions. HSBC is the first international bank participating in this scheme.
Under the EFS-Green, we will extend financing for five loan types: Green Development Capital, Fixed Assets, Trade Financing, Project Loans and Mergers & Acquisitions.
Loan Type | Supportable Areas | Maximum Loan Quantum / borrower* |
|---|---|---|
Development Capital | Expenses related to green initiatives
| S$3 million |
Fixed Assets Loan |
| S$30 million |
Trade Loan | Trade financing for green and sustainable products, inventory and raw materials | S$10 million |
Project Loan | Finance the fulfilment of overseas and domestic green projects | S$50 million |
Mergers & Acquisition Loan | Finance the mergers and acquisition of target enterprises related to green initiatives | S$50 million |
Note: Total overall borrower group1 limit exposure is S$50 million for EFS-Green and EFS.
1.Be a business entity2 that is registered and physically present in Singapore
2. At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
3. Have Group Annual Sales Turnover of not more than S$500 million, and
4. Meet the criteria in both Qualifying Green Sectors & Activities and Qualifying Borrower Types for EFS-Green.
The EFS-Green scheme is a direct, measurable scheme which will channel capital towards eligible businesses that are working towards the shift to a lower carbon economy. The firms of the future will be those with the foresight to mitigate and adapt now in order to thrive.
|
1 Borrower Group consists of the following:
a. Borrower; and
b. Corporate shareholders holding more than 50% at all levels up; and.
c. Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
d. Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all level down
2 ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the loan is subject to the partner FI’s assessment.
