Leased Bank Proof Of Funds
Our Bank Proof Of Funds Program gives Clients with large cash deposits in their bank the Benefit of High Safe Monthly Returns from a Private Placement Program (PPP) with Safety and Security.
Apply for Your Leased Bank POF
1. Our Program Utilizes Non-Rated And Rated Banks For issuance of POF.
A Program to Refund Deposits (all our agreements are Bank Endorsed with full bank responsibility as an insurance wrap)
2. We Protect 100 Percent of Your Payment.
This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.
3. All POF Are Fresh Cut Specifically For each Client
This asset is open for a new owner for a particular period. As an owner, he/she will be able to place a lien, collateralize, Monetize, or sell off the assets to cover their needs.
Trade Finance
Non-recourse Loan
Real Estate Funding
SBLC monetization
BAYROCK SERVICES, LTD
Leased Bank Proof of Funds (POF)
What is Proof of Funds (POF)?
Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution, or corporation has sufficient funds (money) to complete a transaction. A POF is typically issued by a commercial bank or custody agent to provide confidence or assurance to another party – typically a seller – that the individual or entity in question has sufficient funds to complete an agreed-upon purchase.
Proof of Funds (POF) For Oil & Gas Buyer
The seller of crude oil or a piece of real estate will often request Proof of Funds from the buyer to hold it for them while they wait for the transaction to close. The POF is required because without it there is no certainty that the buyer will be able to complete the transaction. This poses a risk to the seller, as taking the crude oil off the market and then having the deal fall through would be a major setback.
Service Description
Bank proof of funds (POF) is considered a useful source of finance such as global finance, trade finance, credit enactment, and project finance. The funds will be assigned to you, but afterward, it’s your duty to know where to identify a perfect broker who can resolve your deal in a successful and efficient manner. A traditional POF will not suit you because it may require a heavy investor with you. Nevertheless, you can still detour using a leased POF.
The helpful assistant who is leasing POF may be required for a small fee and a term. When the period is over your contract will be widened. The owner will be able to start joint ownership or still transfer it away to reduce the risk of ownership.
This asset is open for a new owner for a particular period. As an owner, he/she will be able to place a lien, collateralize, Monetize, or sell off the assets to cover their needs.
Leased Bank Proof Of Funds (POF)
We have built up our relationship with top financial institutions, and we are ready to quest an account that matches your proof of funds (POF).
One million is the lowest value that you can safeguard as Euro or USD with Swift MT999 or Swift MT799. The charges will be based for three months with a percentage of four to six percent fees. MT999 or MT799 will not be utilized if the user desire to use a lower face value.
We Protect Our Client Deposits Fully Through 2 Levels of Protection
- A Two Percent (2%) Non-Performance Penalty.
- A Program to Full Refund Deposits (all our agreements are Bank Endorsed with full bank responsibility as an insurance wrap).
3. With our agreement with banks, that bank becomes responsible for payment when the transaction becomes complete.
Advantages to Lease Bank Proof of Funds from Us:
- Our program utilizes non-rated and rated banks for POFs.
- We issue POF in EUR and USD.
- Offer a leasing rate of between three and eight percent for a three-month term.
- Payment is received after the agreement is bank endorsed.
- MT799 or MT999 include Pre-advice Included upon delivery of the POF Delivery
- We protect 100 percent of your payment.
- No Corporate or personal credit checks.
- No documentation is necessary for your project.
- After the LOI is completed, it is returned within 24 hours.
- We will pay a commission of up to 1.5% to any brokers.
- MT799 or MT999 provides delivery to your bank.
- POF was developed specifically for client needs.
- Performance Penalty of 2 percent in all contracts.
- Your deposit is fully protected.
- All POF is Fresh Cut specifically for each Client
Full payment of the Leased POF is Required Before Delivery can occur, or an initial deposit.
MT-799/MT-999 Closing Procedure
The Beneficiary and provider sign the contract initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.
During an upcoming day of business, the providing bank will endorse the agreement, granting the beneficiary payment for:
Verifying the Beneficiary
Compliance Assessment Coordinated by the Bank
Swift delivery of the MT799 and MT999
The Beneficiary’s institution has two days to send the payment of the transmission cost, SWIFT delivery, etc. by a wire transfer. Then a receipt of this transfer is emailed to the provider. The Provider’s Bank has two business days from the receipt of the itemized list of costs to issue payment and delivery to the beneficiary’s institution. Within eight business days, the Provider must send MT-799 Pre-Advice to the beneficiary’s bank and email a copy to the beneficiary. This is to conclude whether they are ready to receive the SWIFT MT799, which must complete within five days. The Beneficiary must now release the payment, minus the 2% consultancy fee. This must occur within five days of the receipt of the SWIFT.
Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.
Required Documents:
A Bank Instrument Application will be sent to the applicant via email.
Compliance Standard:
Clients must adhere to all our standards and fill out the application accurately.
Rejected Standard:
Anything delivered from our list of forbidden instruments and assets.
The client’s inability to pay the deposit.
Important Information:
With our MT799 or MT999 delivery service, everything is nonnegotiable. We will not alter the price of any part of this service. The bank will not issue a Free MT-799 or MT-999 or allow a client to pay for one after it has been issued. If this is not paid in full, then no MT-799 or MT-999 will ever be delivered. Banks will not deliver a bank instrument until the funds are secure. Please feel free to contact us for more information.
NON-RECOURSE LOAN
OIL & GAS
TRADE
FINANCE!
We are Bayrock Services Limited, a professionally managed, responsible, and ethical company, determined to be widely recognized for our bespoke financial services specially designed for your Bank Guarantee (BG) and Standby Letter of credit (SBLC) lease.
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