Bank Comfort Letter
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What is a Bank Comfort Letter?
Bank Comfort Letter, a written undertaking by a bank to assure the financial capability of their client to sign the contract. Further, this is issued on behalf of the buyer and in favor of the supplier to indicate the buyer’s financial capability to purchase bulk goods or commodities.
By providing the Bank Comfort Letters, buyers prove their financial ability to purchase the offered products and show their eligibility to do business in the global trade market. Further, it also helps to build a trust bridge between buyers and sellers; which is of utmost importance in overseas trade transactions.
BCL MT799 acts as an inexpensive way for buyers to show their financial strength to complete the purchase of bulk goods. Are you in need of a Bank Comfort Letters to show your financial status to your supplier? Now at Bronze Wing Trading, we offer a simple and easy procedure to facilitate the required MT799 in as fast as 48hrs. Contact us now to get a FREE Quote for your BCL needs!
MT799 SWIFT Message
MT799, known as a confirmation Swift Message issued by a bank on behalf of their client to assure that he /she has enough funds to complete the deal as agreed. However, this swift message doesn’t provide any assurance or guarantee of payment to the counterparty.
If you’re going to import bulk goods from an overseas supplier and you need a BCL MT799 to sign the contract; then we can help you by providing MT799 from a top-rated European Bank.
Usually, Banks may demand tangible collateral to provide a Letter of Comfort on behalf of buyers. But, we at Bronze Wing Trading L.L.C. assist the traders by providing
Once you submit your BCL request to us and all the formalities are done, we will instruct our bank to proceed with the issuance of BCL. And then, based on your trade deal, our bank notifies your supplier via SWIFT MT799. Further, this Swift Message shows your financial ability to buy bulk goods as per the signed contract.
