Proof of Funds

Get Proof of Funds Today

Leverage our investor's assets to get a Proof of Funds cash account

Proof of Funds Services:

Proof of Funds Transactions:

  • Import/Export Trade
  • Cash Collateral for Project Finance
  • Purchase Bank Instrument
  • Other Credit Enhancement: Purchase REO Pool/Real Estate/Businesses & Companies

Proof of Funds Institutions:

  • Top Money Center Banks: HSBC, Credit Suisse, Deutsche Bank, Chase Bank, Wells Fargo, and others
  • International Banks: United States
  • Offshore Banks: Europe, Middle East, China, Singapore, Hong Kong, Costa Rica
  • Offshore Trusts: Panama, Switzerland, Belize

Proof of Funds Terms:

  • Minimum $1M account size up to $1B
  • month to month account service or 12 months with extensions
  • See Procedures for more information

 What is a Proof of Funds?

It is a financial document and cash asset that shows a party has the capability and funds to complete their side of the transaction. This financial document is most often provided in the form of a bank, security, or custody document specific to the transaction in question. The Proof of Funds letter assists the selling or lending party with confidence there is cash funds available, that they are obtainable and legitimate.

Borrowing Funds for Proof of Funds Transactions

Import/Export Proof of Funds

Two of the most commonly used terms in import/export trade finance are Proof of Funds and Proof of Product, otherwise known as POF and POP. In order to engage either as a buyer or seller of commodity goods both POF and POP is required respectively.

Our clients can leverage their money by borrowing funds from our asset holder’s cash assets. We call this a Lease POF. From these cash assets they can have a bank comfort letter, readiness letter (RWA letter), pre advice SWIFT MT799, block the account with a SWIFT MT760, or even issue a bank instrument such as a standby letter of credit, bank guarantee, or other documentary letter of credit by SWIFT MT760 to their beneficiary bank.

Cash Collateral & Project Finance Proof of Funds

Cash collateral is placed in a top world money center bank on behalf of the client for project financing. The bank proof can then be used as security to guarantee a loan. Our asset holders allow all normally practiced bank to bank communication on the cash account for verification purposes.

Accounts can be verified and blocked or guaranteed as security by bank letter, SWIFT MT760, or other agreeable measures.

The POF cash account requires a bank undertaking to ensure the account is unencumbered and free of any liens or restrictions by the end of the borrower agreement expiration.

Purchase Bank Instruments Proof of Funds

Use a lease POF cash account to leverage our asset holder’s capital to buy and sell bank instruments. If you have the wherewithal to line up genuine buyers and sellers of bank instruments you can position yourself with a POF that will ensure you close the deal.

With our lease funds service you will have at your disposal the ability to issue a bank comfort letter, readiness letter (RWA letter), pre advice SWIFT MT799, block the account with a SWIFT MT760, or even issue a bank instrument such as a standby letter of credit, bank guarantee, or other documentary letter of credit by SWIFT MT760 to their beneficiary bank.

Other Credit Enhancement Proof of Funds

Use our investor’s POF capital to provide credit enhancement when purchasing an REO pool of assets, buying real estate properties or development projects, project equipment, businesses and companies, manufacturing plants, and so on.

Our asset holders can provide for you verifiable, real proof of funds cash accounts and bank instruments to close your deals. With the lease funds service you will have at your disposal the ability to issue a bank comfort letter, readiness letter (RWA letter), bank statements and tear sheets, a pre advice SWIFT MT799, block the account with a SWIFT MT760, or even issue a bank instrument such as a standby letter of credit, bank guarantee, or other documentary letter of credit by SWIFT MT760 to a third party beneficiary bank.

Review our Procedures to learn how to proceed.

Disclosure When Borrowing Funds for Proof of Funds Transactions

Disclosure of the origin of funds may or may not be a requirement. Nevertheless, it is the borrower/client responsibility to disclose the nature of the origin of funds to third parties.

Most Proof of Funds providers do not get involved in the transaction directly or even indirectly. Their involvement is simple: they want to ensure the borrower client does not have a criminal history, will be using their assets legally, can pay for the lease of the POF, and will ensure the asset will be returned unencumbered and free of liens or restrictions come time the lease funds agreement is expired.

Some third parties are simply seeking to comply with general Patriot Act law to ensure money laundering and monies of criminal origin do not find their way into the deal. The third party may review the lending agreement if you choose and allow them to do their background checks on the lender’s information in order to get comfortable.

For more information on this matter you should visit here

Proceed to Proof of Funds Procedures

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