Ready willing and able

Ready, willing, and able (RWA) is a document that a bank or financial institution issues on behalf of clients. The document showcases the capability and intent (both financially and legally) for entering into the financial transactions. RWAs are also referred to as bank comfort letters.

Proof of funds

Proof of funds is a bank statement or document that demonstrates that a company or a person has the money to finalize the transaction. The purpose of the document is to ensure that the financial ability that is required for the transaction is legitimate and procurable. The document is mostly used for funding those projects that require a huge amount of money for investing, often for real estate transactions.

There is a possibility that proof of funds may be misused by certain individuals for financial scams. Therefore, it is necessary to present proof of funds to thoroughly investigate the other party and conduct due diligence checks.

Bank Confirmation Letter (BCL)

Yield 4 Finance provides a Bank Confirmation Letter (BCL), which is a letter issued by a bank or financial institution as a confirmation for a loan and also for a line of credit extended to a borrower. This letter serves as an official guarantee on behalf of the borrower that a person, organization, or company is eligible to borrow a certain amount of funds for a specific purpose.

The Bank Confirmation Letter provides assurance to a third party that the borrower possesses sufficient financial resources to complete a particular transaction, such as purchasing goods. Contact our trade finance experts to get the BCL today.