Krankz Wireless Bluetooth Headphones

Thursday, July 5, 2012

So, what is a Proof of Funds

A POF (proof of funds) is a document that shows that an individual or some other entity like a corporation or LLC has the ability and money available to use for a particular transaction.

The Proof of Funds normally comes in the form of a bank, custody or security statement. The purpose of the POF is to ensure that the funds required for the transaction are obtainable and legitimate.

The process to obtain a Proof of Funds starts with a request for an intake form. Normally, the top portion is where the client's information is listed, and the bottom portion is where intermediaries or brokers list their information so they can earn their fee. The last line is usually where somebody indicates what the client wants ( proof of funds, BG. SBLC, letter of credit, verification of deposit ), the amount, whether they want it in USD or Euros and for what length of time. Once the provider obtains this information, a quote can be provided and not before.

To see what an actual intake form looks like, just contact the folks at

DISCLAIMER: Poster is not a Securities Dealer, Broker or US Investment Adviser. Sender is a Consultant only and makes neither warranties nor representations as to the Buyer, Seller nor Transaction. Receipt of these documents is acknowledgment and acceptance that this is privileged, proprietary and confidential and will not be forwarded to any party(s) without prior written consent from the sender. Any email letter and any and all attachments and related documents are never considered to be a solicitation for any purpose in any form or content. This is intended to only be educational and you should do your own due diligence. We are not selling anything. Upon receipt of any such documents you, as the Recipient, hereby acknowledge this Warning and Disclaimer. These Confidential communications are protected under Gramm-Leach-Bailey Act 15 USC, Sub chapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information. Any misuse of this material will result in prosecution to the fullest extent of the law. Note: This communication and any documents, or files, attached to it, constitute an electronic communication within the scope of the Electronic Communication Privacy Act, 18 USCA 2510. This communication may contain confidential, or privileged information intended for the sole use of the designated recipients(s). The unlawful interception, use, or disclosure of such information is strictly prohibited under 18 USCA 2511 and any applicable laws.

No comments:

Post a Comment