Proof of Funds & Credit Enhancement Services
We arrange for the investment capital for "Proof of Funds" (POF) - "Verification of Deposit" (VOD) on a short or long term basis as required by our clients.
The funds from our "Investor Pool" are made available to provide "Proof of Funds" (POF) accounts at a pre-determined fixed rate.
Highlights:
- From 1 Million USD to 500 Million USD or higher
- Larger amounts are available but on a syndicated basis
- Certificates of Deposit at variable terms
- Use for "Verification of Deposit" and "Bank Statements"
- Funds are in an account under your name – signature
- No Credit Check - Financial Reporting - Credit Score
- Competitive Rates and Fast - Easy - Reliable Service
- Available Optional Verification - SWIFT MT 760 / 799
- 15 day - 30 day - 3 month - 6 month - 1 year terms
- Electronic Verification
- Bank - to - Bank Verification
- Telephone - Fax Verification
- History of Funds
- Account Statement
- Tear Sheet
- Available Funds Letter
- Takes approximately 2 weeks after Contract Completion
- Brokers welcome and protected
- Rates from under 1.0% to 2.0% per month determined by account size and applicant parameters
Multiple Uses for Program:
- Company or Individual Net Worth Requirements
- Liquidity Requirements
- Bond Requirements
- Cash Collateral
- Escrow Deposit
- Proof of Funds / Credit Enhancement Services
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PROGRAM 1
- Domestic Joint Bank Account Service
- Investor who deposits the funds into one single Joint account
This service cannot send SWIFT MT 760 verifications, blocks, or guarantees, but may be able to send other accommodating verifications like actions that verifiably block/reserve the account.
** Service is for 60 days with renewals allowed. Minimum $5M accounts.
The following services apply:
- Electronic Verification
- Bank to Bank Verification
- Phone/Fax Verification
- Bank Comfort Letter
- Account Statement
- Tear Sheet
- Dual Private Banker Signatures
- Available Funds Letter
- Block/Reserve Funds Letter
Procedures:
1. Complete and sign the application and return the application with required supporting documentation (2 forms of color ID, articles of incorporation or good standing statement for corporate accounts, bank/escrow statement showing proof of placement fee)
2. Email a detailed list of items and documents your service will require. Any specific language in a BCL, Available Funds Letter, Reserved Funds Letter, History of Funds Letter, etc will need to be submitted prior for approval.
3. We prepare the service agreement and escrow agreement and send it to you within 72 hours of receiving the application (bank letter text must be pre-approved)
4. Once the agreements have been signed off on and countersigned you are to place monies in escrow with the escrow company as directed.
5. Once the placement fee has been confirmed in escrow it takes about 48-72 hours typically to set up the account.
6. Banker will issue the account letter to the client. Once received the client and escrow agent have 24 hours (one business day) to verify the account by calling the banker to confirm the account is set up as represented.
7. Once the verification has been completed the client must allow the escrow agent to release monies immediately.
8. The service is open for 60 calendar days from the time fees are released. Renewals are completed by funding escrow within 5 days of the service expiring.
Note:
* Verification prior to fees being released from escrow is to be completed by the account signatory and the neutral Escrow Agent, not another third party such as a trade investment banker.
* Payment for the service is always evidenced and provided for by placing monies up front in escrow.
* The payment for the service will not be contingent on the success of any third party transaction being attempted (e.g. real estate, lending, line of credit, public/private trade, investment, etc).
* The POF service shall not be used for unlawful transactions. It is always best to inform any third party that the cash collateral account is provided by an investor for a fee.
** Other restrictions may apply
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PROGRAM 2
Euro Cash Collateral Account with SWIFT MT 760/799 SBLC or BG:
Top Western and Private European bank cash collateral accounts set up with SWIFT verification for 30 days or more (International banking days). This account works best for those needing a European bank account where a Private Banker is needed and the account offers multiple options of services including SWIFT MT 760/799 bank guarantees.
Top World Banks
- SWIFT MT 760/799 SBLC or Bank Guarantee
- Electronic Verification
- Bank to Bank Verification
- Phone/Fax Verification
- Attestation Letter
- History of funds
- Bank Comfort Letter
- Account Statement
- Tear Sheet
- Dual Private Banker Signatures
- Available Funds Letter
- Blocked/Reserved Funds Letter
- Use account to capture your trade profits
- Commercial Escrow or others
- Takes 3-5 days to set up after contract
- $1M Minimum
Complete application and sign it and send back with supporting documentation (2 forms of color ID, articles of incorporation or good standing statement for corporate accounts, bank/escrow statement showing proof of placement fee)
Email the following information:
Contact information of your escrow company
A detailed list of items and documents your service will require.
Any specific language in a BCL, Available Funds Letter, Reserved Funds Letter, History of Funds Letter, etc. will need to be submitted prior for approval.
From this point the Investor will issue a contract based upon your needs and the documentation submitted and prepare for escrow.
Once the escrow contract has been agreed to and executed and escrow has confirmed receipt of your fee monies opening the account will be initiated.
It takes approximately 5 business days to complete the transaction.
Once the account has been opened the escrow agent/attorney is required to receive verification from the issuing and/or receiving bank (where SWIFT verification is done).
Once your escrow agent/attorney is satisfied the service has been rendered and verified for authenticity he is instructed to release the fee monies.
The SWIFT bank guarantees and funds block may be issued as required for a year and a month and a day, but will be renewed before the 35 international banking days are up.
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PROGRAM 3
Hard Escrow Deposit:
Our investor deposits cash into chosen escrow or trust account for 30 days .
The money must have a surety bond in place to ensure the monies will be returned at the appropriate time and way and protect against theft.
Deposits from $100K to $500 Million available. Rates start from 2.0% - 5.0% monthly.
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PROGRAM 4
Stand-By Letters of Credit, Bank Guarantees:
POF Accounts are issued on a leased/Purchase basis to the client for a minimum of 12 months.
Fees are required up front for the entire year making this an expensive alternative to our other products.
Payment arrangements can be made to pay the majority of the fee "up front" and the residual "on the back" as can be agreed to by both parties.
This product is usually for those who are engaging in proof of funds or capability for contracts involving commodities such as D2, oil, gold, etc. Minimum 15M requirement.
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Proof of Funds & Credit Enhancement Services
LIST OF BANKS
Domestic and International Proof of Funds List of Banks
Cost 0.50% to 5.00% Monthly (Please enquire for current quote)
1. Bank of America (2.0% to 2.5% monthly)
2. J.P Morgan Chase NY USA (2.0% to 2.5% Monthly)
3. Deutsche Bank AG - Indonesia (Call for rate)
4. Standard Chartered Bank - Indonesia (Call for rate)
5. HSBC Bank - Indonesia (Call for rate)
6. Credit Suisse - Zurich Switzerland (6.5% to 7.0% Monthly)
7. Bank Winter – Austria (Call for rate)
Frequently Asked Questions...
- Contact us with your POF request amount.
- A POF application will be sent to you.
- Submit completed application with requested documentation.
- POF contract will be issued.
- Client can verify POF account once the Service Fee is Escrow.
What are the minimum and maximum
amounts available?
The minimum account size is $ 1,000,000 and the
maximum account size is $2 billion. For amounts over $ 500M,
we syndicate these accounts from our "investor pool" upon
request.
What lengths of
time are Proof of Funds accounts
available?
The most requested and standard term is for 1 year.
However, we have available Proof of Fund for longer terms by
special arrangement.
What types of
Proof of Funds accounts are available?
With our
financial experience, we can arrange for a variety of options.
We are able to provide "Confirmation Letters and Verbal
verifications". We also provide as an option, "SWIFT MT999"
messages that provide up to date account status and
transaction details.
What is a
Verification of Deposit (VOD)?
A Proof
of Funds document is signed by a Company's or an Individual's
Financial Institution and provides for the verification of the
balances in their financial accounts. Usually, a written
Verification of Deposit will serve the majority of Proof of
Funds requirements. However, we also have available other
types of confirmations including direct-to-bank SWIFT
messages that can be used for verifications that are tied to
buy/sell transactions.
SWIFT MT760
The optional SWIFT MT760 message provides "Direct-to-Bank SWIFT Electronic Communication". The SWIFT MT760 provides a guarantee for the transactional details contained within the message from the Financial Institution that holds the client's account. Additional costs apply and there is no minimum for a SWIFT MT760 account.
The optional SWIFT MT799 message provides "Direct-to-Bank SWIFT Electronic Verification for Proof of Funds". This is in compliance with the SWIFT Category 7 "Documentary Credits & Guarantees" message types. Additional costs apply and there is no minimum for a SWIFT MT799 account.
SWIFT MT999 option:
The optional SWIFT MT999 message provides "Direct-to-Bank SWIFT Electronic Verification for Proof of Funds". This SWIFT format is used for communicating Account Status information. It is part of the SWIFT format messaging system. Additional costs apply and there is no minimum for a SWIFT MT999 account.
The SWIFT messaging system:
The SWIFT system ("Society for Worldwide Inter-Bank Financial Telecommunication") provides the system for electronic Inter-Bank Messaging
We
provide for the placement of fee's within an Escrow Account.
The fee is stipulated to not be released until confirmation
is received that the "Proof of Funds" account has been opened
and is available for use. In the event that the account is
not opened, the escrow account provides for the safe return
of all fees or deposits. All fee's or deposits must be made
into the Escrow Account in advance of the "Proof of Funds" program
being funded and made available.
DISCLAIMER: This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. This web page is confidential and is legally privileged. Nothing on this web page should be interpreted as a digital or electronic signature that can be used to authenticate a contract or other legal document. We are NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. This website and any attached related documents are never to be considered a 100% guarantee. Upon reading of these website information you, as the viewer, hereby acknowledges this warning and disclaimer.
Simple "Proof of Funds" Application
- Contact us with your POF request amount.
- A POF application will be sent to you.
- Submit completed application with requested documentation.
- POF contract will be issued.
- Client can verify POF account once the Service Fee is entered into Escrow.