Our Proof of Funds Services
In a Brief
In a Brief
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At First Group Capital, we provide Proof of Funds services to our clients for credit enhancement purposes. These funds are "Blocked Funds" and are in an account with the client listed as the account owner for a pre-determined amount of time.
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Hassle-free loan application
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Legal consultation
Proof of Funds can be in the form of:
- Bank Comfort Letters (BCL)
- Bank Statements
- SWIFT MT799
- SWIFTMT760
- SWIFT MT199
- Bank Guarantees
- Stand-By Letter of Credit (SBLC)
- VOD
- Escrow Accounts (with major escrow managers)
Program Highlights
- Amounts available ranging from $250K to $250M + billion
- Funds seasoned for up to six months
- Rates starting at 2% per month
- 30, 60, and 90 day accounts with discount terms provided for renewals
- Access to paperwork in less than 24 hours after confirmation
- Funds in an account under your name and signature
Types of Accounts Available
- Domestic Brokerage Firm
- Domestic Banks
- Brokerage Accounts
- Prime Western European Banks
- Domestic Hedge Investment (Non-Bank)
Types of Confirmation
Standard verification of deposit (VOD): the customer faxes over a form to the financial institution. They then look up the account information, and fill out a standard confirmation document.
Bank-to-Bank Electronic Confirmation: All accounts require full client disclosure and are opened in strict compliance with the provisions of the International Money Laundering Regulations and the US Patriot Act.
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