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What is Swift MT799 and How It Proves the Buyers’ Financial Capability?

What is Swift MT799?

Bank Comfort Letter is called an authenticated SWIFT MT799 which is issued by a bank on behalf of its clients. This is to verify the buyer’s financial capability to purchase bulk goods and commodities from potential suppliers. So, what is Swift MT799; and how it helps traders to prove their financial strength?  Watch this video to see how a Libyan Trader imported drilling rigs from the USA by availing BCL MT799.

Our Client who owns an Oil and Gas Company in Libya decided to expand their business by purchasing drilling rigs from the USA. Further, to make this deal, the supplier asked the buyer to provide Bank Comfort Letters; which proves their financial worthiness to import drilling rigs from US Supplier. As a result, to make the deal effective, the buyer contacted us with their BCL request. And to help the buyer to conclude their trade deal; we facilitated BCL MT799 on behalf of the buyer from our European Bank Account. And then, by showing the Comfort Letter as proof; the buyer signed the contract of purchasing drilling rigs with the US Supplier.

With over 30 years of experience, we, Bronze Wing Trading L.L.C. acts as a leading provider of BCL MT799 from European Banks. Further, this BCL SWIFT MT799 helps traders to prove their financial strength to buy certain goods or merchandise from their suppliers as per the agreed contract.

SWIFT MT799 Application Process

If you’re looking to avail BCL MT799 to prove your credit strength towards your suppliers, follow the simple BCL Process given below.

  1. Firstly, you need to visit our BCL page to submit your BCL requirements online or send it to us via email.
  2. Secondly, we will due diligence by analyzing your request. And then, if it met all our criteria, we will approve your request.
  3. And once your request is approved, you need to sign the service agreement with us and to pay the service charges.
  4.  Next, we will structure your BCL MT799 by blocking our bank limit. After that, we will send the BCL draft for your review and approval.
  5. Finally, after receiving the approved draft and BCL issuance fee from your end; instantly, we will instruct our European bank to issue the BCL directly to your supplier’s account via SWIFT MT799.

Within 48 working hours, your supplier will receive the BCL Bank – Comfort Letter on behalf of your company from our rated European Bank Account. As a result, this MT799 stands as an official notification that you have enough cash funds to conclude the purchase of bulk commodities.

Apply for BCL MT799 and Prove your Fiscal Worth to your Supplier!

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