A document which demonstrates that a person or company has a certain financial standing.
Depending on the size of your POF requirements, you will need to go through one of these processes.
Learn about the most important rules in the proof of funds industry
A document which demonstrates that a person or company has a certain financial standing. It usually comes in the form of a bank, thrift, security or custody statement. It may be issued by a ‘’non bank’’ financial entity such as a hedge fund or investment fund. POF may be communicated via letter, email, fax or SWIFT messages.
“Society for Worldwide Interbank Financial Telecommunications” – provides secure mechanisms for electronic interbank messaging and funds transfer. Read more.
MT760 is primarily used as a either a bank guarantee or a standby letter of credit.
MT710 is an advice of a Third Bank’s documentary credit.
MT999 allows bank-to-bank SWIFT electronic verification for Proof of Funds in compliance with the SWIFT Category 7 message types.