Leased Bank Proof of Funds (POF)

Apply for Your Leased Bank POF Today!

SERVICE AND INSTRUMENT DESCRIPTION:

Bank Proof of Funds (POF) are frequently used for various purposes, including project financing, global finance, trade finance, and credit enhancement. While these funds are available, securing the right deal can be challenging without the proper connections. Traditional POFs are hard to obtain as they typically require cash from a large investor. However, a Leased POF provides a practical solution.

With this innovative financial instrument, you can access a leased POF from another party for a small fee and specific term. Once the term expires, the account is either returned or the contract extended. The account owner can create joint ownership or transfer ownership to avoid any complications.

The new owner can use the asset during the agreed period, allowing them to lien, monetize, collateralize, or encumber the funds as necessary.

Leased Bank Proof of Funds (POF)

Leveraging our strong relationships with top institutions, we can help you secure the ideal account for your Proof of Funds (POF).

The minimum amount available is 1M USD or EUR through MT199 or MT999, with fees typically ranging from 4% to 6% for a 90-day term. If a lower amount is needed, MT199 or MT999 will not be applicable.

For transactions that don’t require SWIFT, we can offer a rate as low as 1.5% for a three-month term with a Hard Copy.

We Protect Our Client Deposits Fully Through 3 Levels of Protection

You never have to worry about your security with our three levels of protection:

1. A Two Percent (2%) Non-Performance Penalty 

   – A 2% damage fee will be imposed on any party that fails to perform. This fee applies in two situations: when the Provider has issued a Corporate Invoice that the Beneficiary’s Bank refuses to respond to or pay, and/or when the Beneficiary’s Bank is prepared, willing, and able to receive the BANK INSTRUMENTS, but no BANK INSTRUMENTS are delivered via SWIFT MT-760, DTC, Euroclear, or Bloomberg from the Provider’s Bank.

2. A Program to Refund Deposits (all our agreements are Bank Endorsed (**confirmable**) with full bank responsibility as an insurance wrap)  

 Through our agreements with banks, the bank becomes responsible for payment once the transaction is complete.

When a bank endorses an agreement, it takes on full responsibility before the client makes any payment to our company. We are the only Bank Instrument Facilitators worldwide who guarantee 100% of your initial deposit through bank endorsement, ensuring complete security before any funds are released by the client.

3. Attorneys Client Trust Account 

   – Once your agreement is approved by the compliance department and bank-endorsed, the payment must be made ONLY AND EXCLUSIVELY to an attorney’s office client trust account. The banking details will be provided directly by a Reliance Capital Finance Limited compliance officer (CCO) and will be included in your invoice.

This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.

16 Advantages to Purchasing a Leased Bank Proof of Funds from Us!

1. Our program utilizes non-rated for POFs.  

2. We issue POF in EUR and USD.  

3. Offer a leasing rate of 1.5% for Hard Copy and 5% via Swift for a three-month term.  

4. Payment is received after the agreement is bank endorsed.  

5. MT199 or MT999 include Pre-advice included upon delivery of the POF Delivery  

6. We protect 100 percent of your payment.  

7. No Corporate or personal credit checks.  

8. No documentation is necessary for your project.  

9. After the agreement is completed, it is returned within 72 hours.  

10. We will pay a commission of up to 1.5% to any brokers.  

11. MT199 or MT999 providers deliver to your bank.  

12. Hard Copy POF can be verified in real-time 24/7 on the bank website verification form.  

13. POF developed specifically for client needs.  

14. Performance Penalty of 2 percent in all contracts.  

15. Your deposit is fully protected.

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All POF is Fresh Cut specifically for each Client

Deposit Requirements for Leased POF

POF Face Value	Terms Via Swift Delivery	Terms via Hard Copy Delivery	Deposit Required After Bank Endorsement
1 Million (minimum) to 500M	5%, Three-Month Term	1.5%, Three-Month Term	€25,000 – Non Refundable

Prices in EUROS

Note: Full payment of the Leased POF is Required Before Delivery can occur, or initial deposit + a Bank Payment Undertaking.

SWIFT Closing Process with Bank Payment Undertaking (BPU):

1. The Beneficiary and Provider sign the contract, initiating the memorandum of understanding and letter of intent, thereby formalizing their agreement.

2. During an upcoming day of business, the providing bank will endorse the agreement, granting the beneficiary payment for:

   – Swift delivery of the MT799 and MT999

   – Verifying the Beneficiary

   – Compliance Assessment Coordinated by the Bank

3. Within two (2) international banking days, the beneficiary will instruct their bank to wire transfer the swift transmission/portfolio reservation cost of £000,XXX to the Provider’s banking details and email a copy of the wire transfer receipt to the Provider..

4. Within three (3) banking days of receiving the aforementioned swift transmission/portfolio reservation cost, the Provider will instruct their issuing bank to prepare the Bank Instruments for the Beneficiary and coordinate their delivery to the Beneficiary’s bank.

5. Within ten (10) banking days, the Provider will send an MT-799 Pre-Advice to the Receiver’s bank, asking, “Are you ready to receive the PDF via SWIFT, verify, and process payment by SWIFT MT103 within five (5) calendar days, according to Transaction Code No. ______?” (A copy of the MT-799 will also be emailed to the Beneficiary by the Provider).).

6. Within three (3) banking days thereafter, the Receiver’s bank will send an MT799 to the Provider’s bank, confirming, “Yes, confirmed, we are ready to receive the PDF via SWIFT MT199 or MT999 with the Bank Instrument, verify, and process payment by SWIFT MT103 within five (5) calendar days, according to Transaction Code No. ______.” (The Beneficiary will email a copy of the MT799 to the Provider).

7. Within three days, the provider’s institution will send the PDF via SWIFT MT799 or MT999.

8. Once the receiving bank has received the PDF, they will confirm the receipt with the Provider’s bank and proceed with the payment within 5 days. The payment will amount to 8% (minus the initial deposit paid to the Provider), which includes a 2% consultant fee.

9. Any additional tranches will follow the same procedures and will continue until the funds are fully disbursed.

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Required Documents:

1. Fill out the Bank Instrument Application Below

2. Email the completed Bank Instrument Application to info@reliancecapitalfinancelimited.com

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Compliance Standard:

1. Accepted Standard: Clients must adhere to all of our standards and fill out the application accurately.

2. Rejected Standard:  

   – Anything delivered from our list of forbidden instruments and assets.  

   – The client’s inability to pay the deposit.

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Important Information:

1. With our POF service via MT199, MT999, or Hard Copy delivery, all terms are final and non-negotiable. We do not alter the price or procedures related to this service.

2. It is not possible to obtain a FREE Bank Proof of Funds (POF) or to allow a client to pay for a POF after the MT799, MT999, or a hard copy has been delivered. If payment is not made in full or arranged through the Bank Payment Undertaking, no POF will be issued. Banks will not release any Bank Proof of Funds (POF) until the funds are secured. They do not operate on the expectation of payment after the POF is delivered.

3. We do not issue RWA or BCL letters. Clients often use this approach to search for a credit line with the receiving institution, supported by a banking letter confirming that a bank instrument is ready to be issued in their name. We do not permit this under our company name.

4. Reliance Capital Finance Limited and its affiliated companies do NOT accept any payments directly from clients outside of the attorney’s client trust account. As such, we are NOT LIABLE for any payments made to third parties, including brokers or delegation offices linked to Reliance Capital Finance Limited.