Assurances of Performance or Performance Guarantees is a guarantee that a party fulfills its non-financial contractual commitments (performance). The beneficiary is compensated if the party doesn’t fulfill their obligations.

An SBLC is a bank-issued guarantee serving as a last-resort payment assurance if a client fails to honor a financial commitment in a third-party transaction.

A Letter of Credit ensures timely and accurate payment from the buyer to the seller. The issuing bank guarantees the full or remaining amount if the buyer cannot pay.

A Bank Guarantee is a financial assurance that the bank will cover a debtor’s liabilities if they fail to meet payment obligations. It protects beneficiaries from financial loss due to default.

An Advance Payment Guarantee protects the buyer’s funds by ensuring that the seller will meet their contractual obligations after receiving an advance payment.

Pre-Advice SWIFT Messages inform the receiving bank about an upcoming transaction before it is formally executed. They act as an initial notification to ensure smooth processing and reduce delays.

A Bank Comfort Letter, also known as a Bank Capability Letter, is issued by a bank to assure a seller or supplier of the client’s financial strength and ability to meet payment obligations.

An RWA Letter is a confirmation issued by a bank or financial institution indicating that a client is fully prepared, capable, and committed to executing a proposed financial transaction.

Proof of Funds is an official bank document demonstrating an individual’s or company’s verified financial capacity to complete a specific transaction. It reassures sellers, brokers, or counterparties that adequate liquid funds are available.