Our Proof of Funds Services

City Holding Trade provides Proof of Funds services to our clients for credit enhancement purposes. These funds are “Blocked Funds” and are in an account with the client listed as the account owner for a pre-determined amount of time.

Proof of Funds can be in the form of:

  • Bank Comfort Letters (BCL)
  • Bank Statements
  • SWIFT MT199/MT799
  • SWIFT MT760
  • Escrow Accounts (with major escrow companies)
  • Blocked Funds, Accout Statement and Attestation Letters

Program Highlights

  • Amounts available ranging from $100K to $2 billion
  • Funds seasoned for up to six months
  • Rates starting at 1% of face value min 3 Million max 2 Billion
  • You may request a 30, 60, and 90 day accounts with discount terms provided for renewals
  • Access to paperwork in less than 24 to 72 hours after confirmation
  • Funds in an account under your name and signature

Types of Accounts Available

  • Domestic Brokerage Firm
  • Domestic Banks
  • Brokerage Accounts
  • Domestic Hedge Investment (Non-Bank)

Types of Confirmation

Standard verification of deposit (VOD): the customer faxes over a form to the financial institution. They then look up the account information, and fill out a standard confirmation document.

Bank-to-Bank Electronic Confirmation: All accounts require full client disclosure and are opened in strict compliance with the provisions of the International Money Laundering Regulations and the US Patriot Act.