New York Dubai Investment Trust

A Bank Comfort Letter commonly referred to as a BCL is typically used in a commodities transaction to demonstrate the financial capability of the buyer. It is also sometimes referred to as a Bank Capability Letter.

 

A BCL is one type of a Proof of Funds (POF) which can be furnished by a buyer or requested by a seller to complete a transaction. Various other types of POFs such as SWIFT messages, or a MT 799 SWIFT message may be utilized for the same purpose.