Description
Proof of Funds to our clients for credit enhancement purpose.
Blocked funds are in an account with the client listed as the funds
owner for a pre-determined amount of time.
These can be:
•Bank Comfort Letters (BCL)
•Bank statements
•SWIFT MT**9
•SWIFT MT**0
•SWIFT MT**9
•Bank Guarantees
•Stand By Letter of Credit (SBLC)
•VOD (***6)
•Escrow Accounts (with major escrow companies)
It is important to understand that this is not a loan and the money
will never move from the account. It is blocked, but free and
clear.
You receive Verification of the funds and proof that the funds are
yours (for verification purpose only). There are different ways to
verify those funds. Some banks or financial institutions let you go
to your local bank or branch. Some have a dedicated National **0
number, while others use online services.
The cost for this service varies according to the POF amount, the
type of account as well as the length of time needed to show the
funds.
We must be satisfied with your capacity to pay the upfront fee for
providing Proof of Funds (known as the Arrangement Fee).
Payment of the Arrangement Fee in the form of a "success fee" is
not acceptable.
Any use including:
•Net worth Requirement
•Show of Down payment
•Bond Requirement
•Proof of Liquidity
•Proof of Collateral
•Reserved or Blocked funds for investments
Minimum of only 1 month with discounts for multiple months.
Proof of Funds Program Highlights:
•Accounts available from $**0K to $2 billion
•Money Market funds seasoned for six (6) months
•Funds in an account under client's name and signature
•*0 & *0 day accounts, with discounts provided for
renewal terms
•Standard bank Verification of Deposit provided for all
accounts
•Bank accounts opened and confirmed in writing by bank officers
•SWIFT MT**9/**0 confirmation option available in Offshore Banks
