Proof of Funds / Collateral Services

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1. Bank statements 
2. Bank Comfort Letters send via  Swift or via secured email 
3. Pre Advices via Swift      199/799 
4. Blocked funds via Swift 799/760
5. Bank Guarantees (“BG’s”)
6. Stand By Letter of Credits (“      SBLC”)
7. Documentary Letter of Credit      (“DLC’s”)

Our Authorized Representatives have years of banking, finance, proof of funds and collateral management experience. We offer our services from various banks. Currently these are: Banco National de Costar Rica, Barclays Bank PLC, HSBC, Deutsche bank and JPM Chase.

The Proof of Funds and Collateral Management services are used for various reasons like credit enhancement, support to project funding or others.

Clients will need to make in most cases an escrow deposit payment with one of our US Attorneys. This is required as we have initial issuance and other costs with delivery of the Proof of Funds and requested Collateral like SBLC’s and BG’s. 

This escrow deposit is also required as we don’t select the receiving banks where the Proof of Funds products, SBLC’s, BG’s and DLC’s are send too. 

Professional clients select these and we expect that they do a Due Diligence on these counterparties.

​In case we deliver the requested Proof of Funds products, SBLC’s, BG’s or DLC’s and the receiving bank and or its beneficiary party at the receiving bank do not perform than the client will have lost the escrow deposit.

In general our minimum amount for a Proof of Funds product is 5 million Euro/USD. On the SBLC’s and BG’s the minimum is 10 million USD/Euro.