Proof of Funds (POF)

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  • 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. We provide customized Proof of Funds (POF) solutions for clients wishing to demonstrate availability of funds or financial capability.

Performance Bond (PB)

A bond issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. For example, a contractor may issue a bond to a client for whom a building is being constructed. If the contractor fails to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary loss.

Safe Keeping Receipt (SKR)

Safekeeping is where an asset owner elects to place that asset in the care of an Agent (in custody with a fiduciary), usually a Bank or a Financial Institution and receives an acknowledgement from the caretaker / fiduciary as to their “Safekeeping” of that asset. The asset owner may elect to have such an acknowledgement sent to a third party. A fee may be required for these services.

The various assets that can be held in such arrangements range from: Shares, Bonds, Real Estate, Titles to properties, Precious Metals, Oil and Natural Reserves, among others. The owner of a SKR may monetize this instrument much like a SBLC, Bond or BG and use these funds as an alternative funding source for projects.