Volume of transactions
Amount of deals
Proof of Funds (POF) is one of financial instruments that a particular bank customer or company uses to confirm financial solvency to fulfill its obligations in a particular transaction. Simply put, this document is a financial statement from bank, usually presented in form of a message on SWIFT system, confirming availability of funds in client's account.
This statement is proof that funds in client's account are available in full and obtained legally. It is used to enter into agreements with banks and large companies.
Moreover, it should be noted that bank reserves right not to reflect entire financial picture of status of account of its client. Statement reflects only amount of money that is necessary for implementation of a particular transaction.
Confirmation letter from a bank is a letter that issues a specific bank on behalf of its client, which is a party to a transaction for purchase of a certain quantity of goods. Moreover, this confirmation letter is often used in large financial transactions when contract amount is impressive. And of course, for seller it is necessary to confirm buyer's financial capacity, whether client has enough money to fulfill its obligations under contract. However, it is necessary to understand fact that confirming letter from bank does not constitute any guarantee of payment under contract.
If buyer, upon presentation of this statement, states that its financial capabilities allow purchasing goods in full, then it indirectly confirms that it has enough money to obtain credit necessary to fulfill its financial obligations. In this case, buyer's bank is obliged to send Confirmation of this fact, which will be addressed to supplier in connection with an irrevocable purchase order or a signed contract.
Confirmation letter from bank is buyer's initial guarantee for supplier when concluding large contracts. This is one of ways to determine buyer's solvency. This means that if buyer's bank cannot issue Confirmation letter before transaction begins, seller can understand that buyer also cannot provide financial instrument necessary to pay for goods (bank guarantee, letter of credit or stand-by letter of credit).
Confirmation letter from bank is a statement of fact, but not a promise to fulfill financial obligations. Confirming letter from bank is by no means equivalent to a letter of readiness. Confirmation letter from bank is simply an authorized message from buyer's bank sent via SWIFT system, confirming its financial capabilities before paying for goods.
may be issued both to an individual and to a legal entity.
Funds cannot be spent, transferred or used as working capital.
This type of account is verifiable and can be blocked by SWIFT MT760 in favor of a third party (only for international accounts).
Our company provides ready-made solutions for Proof of Funds (POF), as well as deals with individual, specially prepared for client solutions for confirmation of their funds and financial capabilities for implementation of transaction.
Liviera Investments Limited use many financial instruments to help you to achieve your economic goals.
We issue the following financial instruments:
LC — Letter of Credit
DLC — Documentary Letter of Credit
SBLC — Standby Letter of Credit
BG — Bank Guarantee
LG — Letter of Guarantee
POF — Proof of Funds
POA — Proof of Assets
POP — Proof of Product
We very actively work with the following countries:
China, India, United Arab Emirates, Indonesia, Malaysia, Greece, United States of America, Canada, Nigeria, Singapore, Uzbekistan, Kazakhstan, Afghanistan, Ukraine, Georgia, Romania, Ghana, South Africa, Turkey and other countries.
Our team promotes your goals and helps you achieve high results.
We, Liviera Investments Limited, are interested in your pursuit of a prosperous business and we are doing our best to make your efforts a success.
Our team will apply the maximum knowledge and experience so that your company develops and functions harmoniously. We are fundamentally different from other companies, because we know how to correctly use financial instruments to achieve your high results: a lot of our own running and functioning projects made it possible to study the process of successful business operation.
Our experts are well aware that any business consists of a huge number of nuances that need to be taken into account and approach every task thoroughly. Success guidelines do not exist, and our experts with professional skills will help you to achieve success soon. We find innovative solutions that we offer at your service!
We know that any business is accompanied by various difficulties, but we are here to help you every step of the way. Our specialists have gone through similar professional situations and can assist you in building an effective business process. We have a wealth of experience and knowledge and are experts in our work!
Great Britain, France, Germany, Russia, China, New Zealand, India, United Arab Emirates, Indonesia, Malaysia, Greece, USA, Canada, Singapore, Belgium, Uzbekistan, Kazakhstan, Afghanistan, Ukraine, Georgia, Romania, Ghana, South Africa, Turkey, Slovakia , Bulgaria, Hungary.
Liviera Investments Limited is your financial partner for all your trade finance projects.