29
Nov
An In-All Model Of Information About Documentary Collection, Their Types And Proof Of Funds Letter
Category: documentary collection
Documentary collection is a policy that enables the exporter’s bank to receive payment from the importer’s bank in contemplation of the documentation that is trackin...
15
Nov
What is POF & How do Proof of Funds Companies work?
Category: bank guarantee
Proof of funds confirms that a person, institution, or business has sufficient money to complete a transaction. Generally, a commercial bank or custodian bank issues Proof of Fu...
15
Nov
What is the Role of Proof of Funds in the Real Estate Sector?
Category: documentary collection
When buying a home, it is important to know what you need. You know you need to show some documents to get a mortgage, but you may need to show proof of payment from the seller....
22
Oct
How To Use Commercial Proof Of Funds Letter For Property Purchases?
Category: proof of funds providers
Proof of Funds is required to purchase any type of commercial property. The seller’s representative will ensure that no offers are made until proof of financing is submitt...
06
Oct
What Is A Standby Letter Of Credit Provider (SBLC)?
Category: standby letter of credit
A supporting letter of credit, abbreviated as SBLC, refers to a legal document in which a bank guarantees to pay the seller a certain amount of money if the buyer does not accep...
05
Oct
What Is A Documentary Collection And How Does It Work?
Category: trade finance services
Document collection is the process by which a seller instructs a bank to send trade-related documents to the bank. Instructions usually include a request to send a payment docum...
26
Jul
What is an SBLC/SLOC (Standby Letter of Credit)?
Category: bank guarantee, bank guarantee pr...
The (SBLC/SLOC) standby letter of credit is a bank’s assurance of the payments on behalf of a customer. This type or instrument is the last resort wherein the bank meets p...
09
Jul
All You Need To Know About Performance Bonds
Category: letters of credit, performance bo...
In a world where jobs are scarce and the number of service providers is immensely high, finding the right service provider for most kinds of jobs could get tricky. As such, it w...
03
Jul
Trade Financing And Its Various forms
Category: bank guarantee, bank guarantee pr...
Trade finance represents the various monetary instruments and syntax utilized by businesses to facilitate global exchange and commerce i.e import and export. Trade finance makes...