What is a ‘Proof of Funds’ (POF)?
This financial instrument proves that the customers or partners have the ability and specified assets, funds at their disposal, available to use for a transaction. It comes in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. It is used for signing contracts with banks or major companies.
The Banks Instruments of Companies provides customized Proof of Funds (POF) solutions for clients wishing to demonstrate availability of funds or financial capability.
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