WHAT IS A READY WILLING AND ABLE LETTER? (RWA)

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Ready Willing and Able Letter (RWA) is a document issued by a bank on behalf of a client to prove his readiness and his intent to participate in a financial transaction. The letter is issued by one bank to another, usually with Swift MT799.

It demonstrates the intent and capability of the clients to enter into a financial business transaction both legally and financially.

After being issued, the Ready Willing and Able Letter (RWA) is sent to the beneficiary via MT799 SWIFT message.​

WHAT IS A PROOF OF FUNDS LETTER? (POF)

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A Proof of Funds Letter (POF) is a document that assists the seller in knowing that the buyer has cash funds available.  

It shows that these funds are not only legitimate but also obtainable.

A Proof of Funds Letter (POF) is often required at the beginning of negotiations between parties who haven’t worked together in the past.  

The POF not only shows that the buyer has cash in the bank but also can help show the seller how serious the buyer is in doing a deal.

After issued, the Proof of Funds (POF) Letter is sent to the beneficiary via MT799 SWIFT message.

WHAT IS A BANK COMFORT LETTER

(BCL)

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Bank Comfort Letter (BCL) or as it is sometimes referred to, a Bank Confirmation Letter/ Letter of Intent, is a letter from a bank or financial institution confirming the intent and capability of the clients to enter into a financial business transaction both legally and financially.

The Bank Comfort Letter officially vouches for the fact that the borrower (an individual, company or organization) is eligible to borrow a specified amount of funds for a specified purpose.