Ready Willing and Able

What is ready willing and able?
It is a document that is issued by banks or financial institutions on behalf of clients, demonstrating intent and capability (both financially and legally) to enter into a financial transaction. RWA’s are often also referred to as bank comfort letters.
How does it work?
We provide ready willing and able (RWA) letters for our clients, usually via MT799 message.

Proof of Funds

What is proof of funds?
It is a document that demonstrates that a person/company has the facility required to participate in a transaction. It is often used at the beginning of negotiations between parties who are unfamiliar with each other so that each side can demonstrate seriousness to the other side.
How does it work?
By issuing proof of funds, the bank approves that the entity/person has the quoted funds or facilities available with them. During the finalization of a transaction, the applicant presents the POF to the beneficiary, assuring them that the buyer has the wherewith all to participate in the transaction.
It should be noted that proof of facilities are being sometimes used by con artists to carry out financial scams. Thus, when agreeing to be presented with proof of the facility, it is necessary to thoroughly investigate the other party to the transaction and perform sufficient due diligence checks.

Our Process

1. Request
Contact Black Cowrie Finance directly to inquire about SWIFT messaging services.

2. Draft
Black Cowrie Finance custom builds the SWIFT Message. The client confirms and signs the final version.

3. Due Diligence
Black Cowrie Finance’s client compiles several requested documents relating to its company. Black Cowrie Finance scrutinizes these documents to ensure the deal complies with all international regulations.

4. Issuance
Black Cowrie Finance will issue a SWIFT message through one of its world-class banking partners. Black Cowrie Finance monitors the message carefully to ensure that it reaches its final destination.inal destination.