Companies requiring a Bank comfort letter in Dubai solution can use SWIFT MT799 to demonstrate financial capability. A Bank comfort letter Dubai helps businesses build confidence with suppliers during trade transactions. Bronze Wing Trading provides support for businesses seeking a Bank comfort letter Dubai for their requirements.
SWIFT MT799 or Bank Comfort Letter is an authenticated notification issued by banks on behalf of buyers to ensure that the buyer is financially capable of proceeding with the purchase of bulk goods. So, how does SWIFT MT799 work? This is what we are going to discuss in this article.
Do you have an urgent requirement for Sugar to meet the demands of the local market? Have you found a supplier from Brazil? Is your supplier asking you to prove your financial strength to assure them that you are capable of paying for the supplied goods? Using SWIFT MT799 – Letter of Comfort may be the right choice for you, as it demonstrates your financial strength to your supplier.
Businesses looking for a Bank comfort letter at Dubai solution can contact Bronze Wing Trading to discuss their transaction requirements.
Importance of SWIFT MT799
For instance, if a buyer wants to purchase bulk commodities from a supplier, then they need to prove their financial strength by showing a Letter of Comfort from their bank. Further, this Comfort Letter shows that the buyer has enough funds available in their bank account to proceed with the importation of bulk goods. Accordingly, after reviewing the MT799, the supplier will forward a POP (Proof of Product) to the buyer’s bank. This serves as proof that the products are readily available for shipment.
Finally, after the receipt of POF and POP, the supplier and the buyer will sign the contract and then proceed with the conclusion of the trade deal. Further, with MT799 as proof of fund, you can either apply for an LC MT700 or a Standby LC – SBLC MT760 as per your requirements.
How Can I Get a SWIFT MT799 Message Issued?
If you’re in need of a Bank Comfort Letter to proceed with your import contract, then you have 2 available options. The first option is to contact your bank, and the next is to get in touch with a Trade Finance Provider in Dubai to obtain the required MT799.
Usually, banks will not issue MT799 without any kind of collateral. That is, to get BCL MT799, you need to provide a certain kind of security, or you need to block your cash funds. In case you don’t want to block your cash- funds or don’t have collateral to provide to your bank, contact us today! Therefore, we can assist you by providing the required MT799 without holding your cash funds.
As an MT799 provider in Dubai, Bronze Wing Trading can assist eligible businesses with their Bank Comfort Letter requirements.
How We Can Assist You with Your BCL Request?
Being a leading Trade Finance Provider, Bronze Wing Trading in Dubai facilitates the required Bank Instruments at ZERO Collateral by using our own trade finance facilities available at European Banks.
Submit your BCL – SWIFT MT799 request to us and get proof that you are financially stable enough to conclude your trade deals!