Proof of Funds Service: MT799, MT199 & Bank Comfort Letters

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Proof of Funds as a Service: MT799, MT199 & Bank Comfort Letters

A seller, beneficiary, procurement authority or transaction counterparty has asked you to evidence financial capacity before proceeding. Financely coordinates transaction-specific Proof of Funds, MT799, MT199 and Bank Comfort Letter requirements so the recipient receives the banking confirmation required to advance the transaction.

Satisfy the POF Condition. Move to the Next Transaction Step.

We review the recipient procedure, proposed wording, amount, beneficiary details and verification route before coordinating issuance through the applicable banking counterparty.

Available POF Formats

SWIFT FIN

MT799

Authenticated free-format bank-to-bank messaging commonly used for pre-advice, financial-capacity confirmation and transaction-specific banking statements. Read our MT799 guide.

SWIFT FIN

MT199

Free-format authenticated SWIFT correspondence used where the beneficiary or receiving bank accepts MT199 for confirmatory communication.

BANK LETTER

Bank Comfort Letter

Bank-issued correspondence confirming an account relationship, financial standing or liquidity position within the limits of approved issuer wording. See our BCL guide.

POF LETTER

Proof of Funds Confirmation

Transaction-specific confirmation of available financial capacity for acquisitions, commodity purchases, real estate, tenders and other commercial purposes.

The Recipient Requirement Controls the Structure

A request for “POF” can mean very different things. Before execution, we establish whether the recipient requires a signed bank letter, authenticated SWIFT traffic, specific beneficiary wording, a stated validity period, bank coordinates or a defined verification protocol.

Where an MT799 or MT199 is requested, the beneficiary bank details, SWIFT/BIC, message purpose and permitted wording become part of the review. For broader transactional banking requirements, see our trade finance capabilities.

Procedure

  1. Submit the transaction: amount, purpose, parties and jurisdiction.
  2. Provide the POF requirement: recipient wording, checklist or SWIFT procedure.
  3. Complete compliance: KYC, AML, sanctions and underlying-transaction review.
  4. Confirm the banking route: format, issuer parameters and verification mechanics.
  5. Coordinate issuance: approved letter or bank-to-bank message is released under the agreed procedure.

Typical Execution Window: 3–10 Working Days

Timing begins once the transaction file, KYC package, recipient instructions and required bank coordinates are complete.

Questions Before You Engage Us

Follow the recipient's written procedure. If they have only requested “POF,” obtain the exact acceptable format, required wording and verification method before issuance. Financely can review the procedure before the banking route is selected.
We review recipient wording line by line. Final text remains subject to issuer compliance and banking policy. Language creating an unintended payment undertaking, guarantee, blocked-funds representation or false statement will require amendment.
Standard POF, MT799, MT199 and BCL procedures do not automatically create a blocked-funds arrangement. Any requirement for earmarking, reservation, encumbrance or account control must be disclosed at the outset and structured separately.
Yes, subject to the agreed route. SWIFT messages travel through authenticated bank-to-bank channels. Bank letters follow the issuer's permitted verification procedure. Recipient and beneficiary-bank details should therefore be supplied before issuance.
MT799 is an authenticated free-format SWIFT message. Payment obligations arise from the underlying facility or instrument and its operative wording. Where the transaction requires an LC, SBLC or bank guarantee, that requirement should be structured accordingly.
Services start at US$10,000. The first-stage RFQ review fee is US$500 and is applied toward the engagement fee where the mandate proceeds. Final pricing depends on amount, jurisdiction, format, banking route and recipient requirements.

Have a Live Proof of Funds Requirement?

Send the amount, underlying transaction, recipient requirement, proposed wording and requested POF format for review.

Request a Quote

Financely acts as advisor and transaction coordinator through appropriate regulated counterparties. All POF requests remain subject to KYC, AML, sanctions screening, transaction review, issuer approval and recipient acceptance. Documentation and SWIFT messaging carry only the meaning stated in their approved wording.

Before you submit

Your deal, assessed by people who close

Your financing request goes straight to the principal. You receive a written diagnosis, the proposed structure and a one-off retainer before any work starts.

Recent mandates include a USD 150m revolving credit facility and a USD 12m acquisition closed in 21 days. We are an advisory and arranging firm, not a lender, and you close directly with the lender.

  • Principal-led
  • Fees in writing
  • KYC and AML first
  • Structured Debt
  • Trade Finance
  • Project Finance
  • Acquisitions
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Container cranes loading cargo at a port for trade and project finance advisory

Financely is an advisory and arranging firm, not a lender or broker-dealer. All financing is subject to KYC, AML, due diligence and lender credit approval. No outcome or timeline is guaranteed.

Still Have Questions? Send Us Your Deal

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.