Proof of Funds Service
Proof of Funds services to ensure your financial credibility in high-stakes transactions. Our services include Bank Comfort Letters, MT199, MT799, and Blocked Funds, each tailored to meet specific transaction needs. Whether you are involved in real estate, trade finance, or large-scale investments, our Proof of Funds solutions offer the assurance and security required for successful business dealings.
Comfort Letter
A Bank Comfort Letter (BCL) is a document issued by a bank on behalf of a client, confirming the client's financial standing and ability to undertake a specified transaction. This letter is typically used in real estate transactions, international trade, and large-scale investments, providing assurance to sellers or project sponsors about the buyer’s financial capability.
MT199
MT199 is a Swift message type used for general banking communication. It is often used for simple, non-transactional messages between financial institutions. In the context of Proof of Funds, an MT199 can be used to confirm the availability of funds or the bank's willingness to participate in a transaction, commonly utilized in trade finance and investment deals.
MT799
MT799 is a pre-advice Swift message that indicates the intention to transfer funds or a commitment to a financial obligation. It is commonly used in trade finance and project finance to provide proof of funds before the actual transaction occurs. This message offers a secure way to verify the financial backing without the immediate transfer of funds.
Blocked Funds
Blocked Funds refer to a bank statement indicating that a certain amount of funds are held and reserved for a specific transaction or purpose. This is commonly used in high-value transactions such as mergers and acquisitions, large real estate deals, and major project financing. The blocking of funds ensures that the specified amount is available and cannot be used for any other purpose until the transaction is completed.
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