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4 May 2021

The Government of Qatar has extended support to businesses via The COVID-19 National Response Guarantee Programme. HSBC is taking part into this programme to support businesses. For details, please contact your relationship manager.

 

Important notice: Revision of standard Corporate Tariffs and Charges

HSBC Qatar's updated Corporate Tariff is applicable from 30/07/2020. You can view the latest version of our tariff in the Tools and Resources section at the foot of this page.

 

HSBC's support for international payments on behalf of employees

HSBC Bank Middle East Qatar will support all corporate customers to make international payment transfers on behalf of their employees to their home country, as per the Central Bank circulate. Please contact your Relationship Manager or Global Liquidity and Cash Management representative for more details.

 

20 April 2020

COVID- 19 National Response Guarantee Program

Financing WPS Staff Payroll and Rental Fees

HSBC Bank Middle East Limited Qatar is participating in the COVID- 19 National Response Guarantee Program. This program is a guarantee scheme of the Government of Qatar to help mitigate COVID- 19 impacts by relieving the most critical short – term payments businesses are facing.

The components financed by the Guarantee Program are the Staff Payroll as per the Wage Protection System registry (WPS) and Rental fees, for a maximum of three months.

For more details please contact your Relationship Manager.

 

16 April 2020

Changes to Standard Credit Interest Rates

Please note that standard credit interest rates are revised with effect from 16 April 2020.

You can check the new Standard Credit Interest Rates here

 

14 June 2020

Corporates Holding Accounts Directly with HSBC Qatar

Qatar Central Bank has recently increased the payment cut-off time from the previously advised cut-off time, as a result of which, we are also increasing the cut-off time for our clients holding accounts with HSBC Qatar.

HSBCnet, Connect & SWIFT (Electronic Channels)

Priority Payments (Domestic) in Qatari Riyal
  • Below QAR 1 Million – 11.10 a.m. Qatar time
  • Above QAR 1 Million – 12.30 p.m.  Qatar time

Priority Payments (Cross-border) in FCY & QAR

  • 12.30 p.m. Qatar time

Internal Transfers within HSBC Qatar

  • 1.15 p.m. Qatar time

 

If you need further information, please feel free to connect with your relevant HSBC contacts.

*Note: Cut-off time refers to electronic payments processed via Straight Through Processing (STP) only. Payments which are Non-STP and fall into a repair/manual handling queue due to a client generated issue such as insufficient funds or incorrect formatting, will be handled on a best effort basis. Cut-off time for Non-STP payments is 1 hour prior to STP cut-off. If Non-STP issue is addressed before the Non-STP cut-off, payments will be processed same day, otherwise, on best effort basis when issue is resolved.

 

Please note that with immediate effect HSBC Qatar has

Decreased the lending interest rate by 100 bps on all loans and advances booked under floating interest rates.

This is in line with the decrease in QAR interest rates announced by Qatar Central Bank on 16 March 2020. All other terms and conditions of the facilities shall remain unchanged.

If you have any queries, please contact your Relationship Manager who will provide you with the required information.

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