A Bank Comfort Letter (BCL) is a document issued by a bank that confirms the financial stability and creditworthiness of a client. It is commonly used to assure suppliers or business partners that the buyer has the financial capability to fulfill the terms of a contract. At MET Holding, we assist businesses in obtaining Bank Comfort Letters (BCL) from reputable European banks, providing them with the credibility they need to secure trade deals without the need to block cash funds. Our team ensures a seamless process, helping clients demonstrate their financial strength and facilitate successful business transactions.

Bank Comfort Letter (BCL) Process at MET Holding

At MET Holding, we assist businesses facing financial shortages and help them demonstrate their financial strength to suppliers through the issuance of Bank Comfort Letters (BCL) – MT799 from a European bank account. This service is offered without blocking cash funds. Follow the simple process outlined below to obtain a Bank Comfort Letter (BCL):

1. Initial Request Submission
The buyer submits their request along with relevant documents such as the ICPO, FCO, Pro-forma offer, or sales contract related to their trade deal.

2. Review and Approval
MET Holding performs a thorough analysis of the trade deal between the buyer and seller. After reviewing the details, we will inform both parties about the approval or rejection of the Bank Comfort Letter request.

3. Service Agreement and Admin Charges
If the BCL request is approved, the buyer will be asked to sign a service agreement with MET Holding. Additionally, the buyer will be instructed to pay the administrative charges to initiate the Bank Comfort Letter transaction.

4. Structuring and Documentation
Once the service agreement is signed and the admin charges are received, MET Holding will begin structuring the Bank Comfort Letter with our bank by blocking our bank limit. We will then send the Comfort Letter draft to the client for review and approval, along with details regarding the BCL issuance fees.

5. Issuance of Bank Comfort Letter
Upon receiving the draft approval and issuance fee, we will instruct our bank to issue the Bank Comfort Letter. Our bank will transmit the BCL to the seller’s bank via authenticated SWIFT MT799. This BCL proves the buyer’s fiscal capability to sign the contract and secure the deal.

MET Holding ensures a seamless and efficient process, providing expert consultancy throughout the process to help our clients demonstrate their financial credibility and secure successful trade agreements.