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Bank Comfort Letter Process

Are you looking to get BCL MT799 to show your financial ability towards your supplier to sign the purchase contract of bulk goods?
Udainfra can provide a Bank Comfort Letter – MT799 from our own European Bank Accounts.

Below is the step by step process to get BCL MT799 from rated Banks:

  1. Buyer submits their mrequest along with ICPO, FCO, Pro-forma offer, or sales contract of their trade deal.
  2. First, UDA will perform an analysis of their trade deal between buyer & seller. Also, we will inform the parties about the approval or rejection of their BCL request.
  3. And then, if the request is approved, the buyer needs to sign a service agreement.  Accordingly, they need to pay the service charges to start work on their transaction.
  4. Instantly, after receiving the service charges, we will start structuring their BCL request with our bank by blocking our bank limit.
  5. Further, we will send the BCL MT799 draft copy to the client for their review; then, we will also inform them of the BCL issuance fees.
  6. Upon receipt of related documents, approved draft copy, and the charges; then we will act with our bank to provide BCL MT799. Moreover, this BCL will be transmitted to the seller’s bank via authenticated Swift MT799. Further, this Swift MT799 proves the buyer’s ability for closing their trade deal.

 

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