POF, HSBC, Top Banks, MT799, MT760, Trade, No Upfront Fees, $1M-$1B. Fast SWIFT! CALL 1-877-998-7539 in Sioux City, Iowa For Sale

Proof of Funds Service: Bank Guarantee, MT799, MT760, MT103, SWIFT Service, Standby letter of Credit (SBLC)
A proof of funds is a document prepared by a financial institution that affirms that an individual or business entity has the funds on hand to enter into a
given financial transaction. A document of this type is sometimes prepared at the request of a seller who is considering an offer from a buyer. The seller
requests the proof through the buyer, who in turn authorizes his or her bank or other institution to provide data that confirms the ability to honor the terms
of the transaction.
CALL 1-877-998-xxxx
www.citifinancialgroup.net
What is SWIFT?
SWIFT stands for Society for World-wide Inter-bank Financial Telecommunications
and is an international organization. It provides means of secure communications
between Banks and its members. Membership to the society is regulated and only
vetted applicants are permitted to use the system at varying access levels.
It ensures that banks can communicate with each other and provided validation
and verification checks on their communications. It operates largely as a database
of varying levels of communication and transmittance of financial documents and
messages. Physical documents cannot be sent by SWIFT.
To be able to send and receive authenticated SWIFT messages one must be
accepted and subscribed to the Society.
Banks will have a trained SWIFT operator responsible for the management of
SWIFT messages, both out-bound and in-bound. In smaller Private Banks, this
may be one single individual. Larger banks will have SWIFT operator departments.
Each SWIFT message will have a Message Type (or MT) depending on the
database field. For example, MT 100 relates to cash transfers and the sending of
client funds between banks. MT 700 relates to Documentary Credits and
Guarantees.
It is important to not complicate or refer to these SWIFT Message Types in
professional communications since it will not concern either the client or recipient
and is meant for inter-bank communication only
What is an MT799?
MT799 is a simple text message, sent bank to bank. This is used for a bank to
bank proof of funds, only. The MT799 is not a form of payment and it is not a
bank undertaking or promise to pay. It is simply a bank to bank confirmation of the
funds on deposit, nothing more.
Different formats may include bank letters, phone/fax verification, online account
access, verification of deposit form (VOD), bank to bank Swift, Certificates of
Deposit (CD's) and/or account statements.
The Swift MT799 Cash Account
Before transactions are set to take place between two banks, it is important for the
sending bank to send confirmation to the receiving bank. This message is typically
done through a Swift MT799. This type of communication between two banks does
not constitute the financial transaction itself but simply states that this transaction
is scheduled to take place. However, it is not a promise that the funds will be
transferred. It could still be cancelled.
The First Step in the Process
The Swift MT799 cash account is just the first step in the process. If you need to
guarantee the funds are in your account, this communication will indicate that the
funds will be deposited into the account in the near future. Once this
communication has been passed between the two banks, a contract can be
drafted and signed and a letter of credit can be issued by the receiving bank. This
is exactly what individuals need to complete large financial transactions.
Secure the Transaction
A Swift MT799 is designed to secure a transaction before any funds need to trade
hands. The seller obtains proof that the buyer has the funds to back up their
offer, while the buyer receives confirmation that they will receive the product or
service they are buying. The MT799 cash account serves as solid proof that the
transaction can take place because both parties can carry out their side of the
bargain
Swift MT760 Services
When banks interact with each other, they use special codes that indicate specific
actions that should be taken by the other bank. One of these codes is MT760,
which places a hold on a certain amount of money in a client?s account to ensure
they can?t spend it. This type of MT760 bank guarantee can help you prove that
you have a certain amount of assets so you can get a loan or enter into another
type of financial agreement without actually giving you access to the funds.
A Reliable Guarantee Option
When you are looking for an MT760 bank guarantee, you will find our services are
among the most reliable. We give you a reliable option to guarantee the funds you
need will be there when you need them.
CALL 1-877-998-xxxx
www.citifinancialgroup.net