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There are a lot of benefits of using the leased proof of funds (POF).They are quite affordable and the fee is just 1-3 percent a month or maybe 12 to 30 percent a year.
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There are plenty of purposes for the use of proof of funds and they are extremely beneficial. • The mostly used areas are trade finance, project finance, global finance, credit enhancement, and many others. Getting access to these cash accounts is another matter. • In today’s financial climate it is near impossible for small to medium businesses to get access to large investor cash funds needed in transactions requiring a POF.
Then again, the Leased bank proof of funds (POF) is another way to use the POF. • Although most people don’t really understand the true nature of leased cash accounts, the concept is actually quite simple. • Gain access to another party’s cash-backed asset account for a fee or other consideration for a set term.
Once the term is up the account is either returned to the original asset holder or it is extended for another term. • It can come in two ways – either it can be co-owned or the borrower can use the leased POF directly on his name with all the rights of an account holder. • The account is available for all normal verification of deposit-type transactions. • Bank to bank confirmation and validation of the account is made available via banker to banker as well as electronic bank account verification.
There are a lot of benefits of using the leased POF. • They are quite affordable and the fee is just 1-3 percent a month or maybe 12 to 30 percent a year. • This is the reason why the cash account is a much more accessible investment. • However, having the necessary capital is not the only consideration a borrower must consider.
The asset holder will want to ensure the account at the end of the term is free of any liens or encumbrances. • This means that any loans, guarantees, and obligations against the debt asset are released prior to the term expiration. • Additionally, the account holder at any time is not allowed to make offsets, withdrawals, or drafts against that particular account. • There are plenty of benefits of using the leased POF form
All POF are fresh cut specifically for each client. • No Personal or Corporate Credit Checks. • Program operated with POF from Rated and Non-Rated Banks • No Project Documentation Required • Your Deposit is 100% Protected, Provider Bank Endorsed the agreement ensuring the Clients payment.
