Pof Fees
I have noticed an increased request among clients for NO UPFRONT FEES SBLC/BG transactions and some clients have gone further to as requesting bank to bank POF, rather than providing upfront BCL or bank statement. Initially, I thought these requests of clients are ridiculous, but we have REAL providers who understand the needs of the market and are offering these procedures.
- Plenty Of Fish Changed: Started Charging Money & No Longer 100% Free. Recently in 2015, POF was acquired by new owners.Markus sold the company to Match Group, which is a massive company that owns a huge number of online dating sites, including OKCupid, Match.com, Tinder, Chemistry, OurTime, Meetic, SinglesNet, DateHookup and many other big name dating brands.
- MT799 POF is a key instrument used to convince a supplier that buyer actually has funds on deposit. The MT 799 is a swift message used between banks to communicate in written form, and is usually referred to as “pre-advice”. For example, buyer’s bank may send a MT799 to Seller’s bank stating; We confirm SPECIFIC amount on deposit.
- Leased Bank Proof of Funds (POF) We use our relationships with partners at many Top Institutions, and we can help you find the perfect account for your Proof of Funds (POF). 1M is the minimum amount you can secure as USD or EUR through the MT199 or MT999. These fees are generally for a term of 90 days, and fees range between four and six percent.
- Show off your successes online and enjoy the potential of dating with confidence, knowing that you know your credit score. Whatever you do, use your credit in the way that works for you. Be proud of it – and love how it helps you look great and get access to the financial world.
Free online dating and matchmaking service for singles. 3,000,000 Daily Active Online Dating Users.
If you are a broker/consultant, please feel free to collaborate when you come across these cases. Minimum $10M to $500B. Leasing fees between 6%+2% and 10%+2%. Purchasing fees 38%+2% to 42%+2%. Email me at:joshuar@hallelcapital.com
PROCEDURE - NO UPFRONT FEES WITH BANK TO BANK POF
Pof Free Services
1. SELLER AND BUYER EXECUTE, SIGN AND INITIAL THIS DEED OF AGREEMENT WHICH THEREBY AUTOMATICALLY BECOMES A FULL COMMERCIAL RECOURSE CONTRACT. WILL SUBMIT WITH CIS, INTERNATIONAL PASSPORT.
2. AFTER RECEIVING THE COUNTERSIGNED AGREEMENT, WITHIN (THREE) 3 BANKING DAYS BUYER’S BANK WILL ISSUE SWIFT MT799 PROOF OF FUNDS TO SELLER’S BANK (STATING FUNDS AVAILABILITY TO PURCHASE THE BG/SBLC INSTRUMENT). NOTE: OUR POF RECEIVING / VERIFYING BANK IS DIFFERENT FROM OUR ISSUING BANK. THIS IS OUR BANKING STRUCTURE.
3. WITHIN (THREE) 3 BANKING DAYS AFTER SUCCESSFUL VERIFICATION AND CONFIRMATION OF THE BUYER’S SWIFT MT799 PROOF OF FUNDS, SELLER BANK SHALL ISSUE & DELIVER THE SWIFT MT760 BG/SBLC TO BUYER’S BANK FOR VERIFICATION & AUTHENTICATION IN FAVOUR OF BUYER.
4. WITHIN (FIVE) 5 BANKING DAYS AFTER VERIFICATION, CONFIRMATION AND AUTHENTICATION OF THE SELLER’S ISSUING BANK SWIFT MT760 BG/SBLC, BUYER BANK SHALL RELEASE BY MT103 WIRE TRANSFER THE FULL PAYMENT OF 38% TO THE SELLER, PLUS 2% COMMISSION FEE TO BUYER’S AND SELLER’S AGENTS IN THE IMPFA.
5. WITHIN (FIVE) 5 BANKING DAYS AFTER CONFIRMATION OF RECEIPT OF PAYMENT OF THE PURCHASE PRICE, SELLER BANK WILL DELIVER THE HARD COPY OF THE BG/SBLC MT760 TO THE BUYER'S BANK VIA BANK BONDED COURIER.