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Bank Capability Letter (BCL) Confirmation of Funds

This bank capability letter confirms that [Company Name] has an account with [Bank Name] and the financial capacity to purchase a specified quantity of a commodity for a total price. The agreement is subject to payment by an irrevocable standby letter of credit for 100% of the agreement amount, valid for 12 months and 1 day. The letter serves to inform the account holder that the buyer has the financial ability to issue such a letter of credit, should they enter a contract for the commodity.

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2K views1 page

Bank Capability Letter (BCL) Confirmation of Funds

This bank capability letter confirms that [Company Name] has an account with [Bank Name] and the financial capacity to purchase a specified quantity of a commodity for a total price. The agreement is subject to payment by an irrevocable standby letter of credit for 100% of the agreement amount, valid for 12 months and 1 day. The letter serves to inform the account holder that the buyer has the financial ability to issue such a letter of credit, should they enter a contract for the commodity.

Uploaded by

dmhermida
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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BANK CAPABILITY LETTER (BCL)

CONFIRMATION OF FUNDS CERTIFICATE

(To be completed on buyer’s bank letterhead)

Da te :

Fro m (Na me an d a dd re ss of Ba n k):


Te le x:
S WI FT:
Te le ph o ne nu mb e r:
Fa x n u mb e r:

To : (Na me of acco un t ho lde r)


Su b je ct :

We a re inf o rme d t ha t ou r clien t (n a me o f co mp an y or clien t ), a ccou n t nu mbe r


(op t ion a l) wo u ld like t o p u rch a se (q ua n t it y o f co mmo d it y) o f (t ype o f
co mmo d it y/ p ro d u ct ) a t Eu ro s € / US Do lla rs ($ _ __ pe r   (MT o r ot he r u n it
p rice )   C& F/ CI F/ FO B ), (n a me of po rt of de live ry a nd co un t ry) fo r a t ot a l of US $
/ E u ro s €   (to t a l a mo un t o rd e r).

Th e A g re e me nt price , a s q uo te d , is sub je ct t o th e p ayme nt of Fu lly Fu n de d


irre vo ca b le , t ra n sf e rab le , d ivisib le S TA NDB Y L E TTE R OF CRE DI T
un con d it ion a l Con f irme d by p rime ba n k, will be issue d fo r th e 10 0% o f t he
Ag re e me n t a mou nt an d va lid fo r Twe lve (1 2 ) mon th s an d on e (1 ) d ay fo r th e
to ta l qu an t it y o f , 00 0, 0 00 ( Millio n ) MT (+/ - 5%) an d va lu e o f US$ ,
00 0, 00 0 ,0 0 0. 00 (O ne Un it ed St a te s Do lla rs) (+/ - 5 %).

Th is is t o in fo rm you th at t he Bu ye r h as t he f in an cia l ca pa cit y to issu e su ch


Le tt e r of Cre d it sub je ct t o ba n k fo rma lit ie s, sh ou ld t he b u ye r co n t ra ct fo r th e
(na me of co mmod it y).

S ig ne d an d sea le d
__ __ __ __ _ __ __ _ __ __ __ _
Tit le a nd t yp ed f u ll na me

Tu e sd a y, 0 2 No ve mb e r 2 02 1

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