HSBC is a banking company engaged in proving financial products and services. HSBC Retail Settlement Products Distribution Agreement is an agreement which HSBC enters into with a third party to sell its products.
The agreement comes into force when HSBC decides to engage another company to market its financial products as a franchisee. The primary aim of this agreement is to enhance the business of both the parties to the agreement. As a result of this agreement even the investors are benefited as in locations where HSBC does not have a branch, their products and services can be availed from the franchisee company.
This agreement helps in bringing down the initial set-up cost that is incurred in making the financial services and products at various locations where there are no branches. The franchisee has to adhere to the terms and conditions specified in the agreement when offering the financial products and services of HSBC.
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