Bank Comfort Letter, a written undertaking by a bank to assure the financial capability of their client to sign the contract. Further, this is issued on behalf of the buyer and in favor of the supplier to indicate the buyer’s financial capability to purchase bulk goods or commodities. In today’s trade industry, suppliers always want to work with a financially competent buyer who can pay for the supplied goods on time without any default. That’s why, before signing the sales contract, sellers usually demand buyers to provide Bank Comfort Letters. By providing the Bank Comfort Letters, buyers prove their financial ability to purchase the offered products and show their eligibility to do business in the global trade market. Further, it also helps to build a trust bridge between buyers and sellers; which is of utmost importance in overseas trade transactions. BCL MT799 acts as an inexpensive way for buyers to show their financial strength to complete the purchase of bulk goods. Are you in need of a Bank Comfort Letters to show your financial status to your supplier? Now at Steppe Group LLC , we offer a simple and easy procedure to facilitate the required MT799 in as fast as 48hrs.

MT799 SWIFT Message

MT799, known as a confirmation Swift Message issued by a bank on behalf of their client to assure that he /she has enough funds to complete the deal as agreed. However, this swift message doesn’t provide any assurance or guarantee of payment to the counterparty. If you’re going to import bulk goods from an overseas supplier and you need a BCL MT799 to sign the contract; then we can help you by providing MT799 from a top-rated European Bank. Usually, Banks may demand tangible collateral to provide a Letter of Comfort on behalf of buyers. But, we at Steppe Group L.L.C. assist the traders by providing BCL Bank on behalf of their company without obtaining any cash margin. Once you submit your BCL request to us and all the formalities are done, we will instruct our bank to proceed with the issuance of BCL. And then, based on your trade deal, our bank notifies your supplier via SWIFT MT799. Further, this Swift Message shows your financial ability to buy bulk goods as per the signed contract.

How Letter of Comfort Works?

It works for buyer’s company showing their financial capability for purchasing the quantity of product as per their sales contract. This Letter of Comfort relays in the form of a SWIFT MT799. Once the seller received the swift message, they need to provide a valid POP (Proof of Products) to the buyer. Further, this acts as proof that the seller has the products in ready stock, as per the signed contract. By the time, after receiving the POP from the seller, the buyer needs to provide a Letter of Credit or Standby LC or Bank Guarantee, in favor of the supplier; also, hereby the trade will be commenced.

The cost of BCL usually includes issuance fee, advising fee, transmission fee; also, swift charges. Further, all the charges should be covered by the applicant; also, be paid to the issuing bank, prior to its issuance.

Get Bank Comfort Letter in 2 Days

Being an MT799 provider, we know that it is very hard for you to apply for BCL MT799 with a reputed bank; if you don’t have enough cash funds available. This is because, usually, banks will not issue an MT799 without blocking cash funds. So, if you’re not ready with a hefty amount of collateral; and then obviously your bank will decline your BCL request. Here we come for facilitating BCL MT799 on behalf of buyers by blocking our own bank limits. Steppe Group L.L.C. has 3 plus decades of trading experience in serving the trade finance needs of clients worldwide. Also, we understand the financial challenges faced by buyers & suppliers when it comes to importing bulk goods from overseas. To support them with their trade finance needs, we are always available by having our own bank facilities available with European Banks. Do you require BCL Letter from Bank to sign a new trade deal or contract? Contact us today! We provide a quick and simple procedure that will allow you to avail the required BCL MT799 in just 2 days to carry out your business without any hassle. Avail BCL Bank from us and show your financial capability for concluding larger contracts & trade deals!

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 does it help 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. Also, 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, Steppe Group L.L.C. act 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 do due diligence by analyzing your request. Further, if it met all our criteria, we will approve your request.
3. Hence, if your request is approved, you need to sign the service agreement with us. Also, you need 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.

Submit Your BCL Request to Us – Click Here to Apply!
WithWithin 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.

Get BCL in 48Hrs!

Apply for Bank Comfort Letter & get the proof of your financial capability in just 48hrs! What we do is – We will provide the Comfort Letter from our bank account on behalf of your company stating that you are financially eligible to purchase bulk goods from your supplier. Also, with reference to the Comfort Letter, you can be able to get the POP (Proof of Product) from your supplier to know the availability of a product in stock. Contact us now to get SWIFT MT799 without blocking your cash funds!