Blocked Fund Services
Trading blocked funds is a specialty of some institutions and brokers. They exchange these funds for profits, frequently ask for discounts, or profit from currency exchange rates. On request, funds may be frozen to ensure that no fraudulent transactions have occurred. However, during this time, the money is placed in interest-bearing accounts so that it might earn income, which is then paid back to the account’s owner after the money is unfrozen or unblocked.

BANK COMFORT LETTER (BCL)
A Bank Comfort Letter is a document issued by a bank on behalf of its client (buyer) to a supplier, to assure the supplier of the financial ability and legality of the buyer in maintaining consistent trade. It is important to note that the BCL does not affirm payment, but it guarantees the seller of the stability of the buyer to fulfil their promise in conducting business. Banks issue a BCL to the supplier as an affirmation of the capability of the buyer, and it is accompanied by a signed purchase order or a Sales and Purchase Agreement.

A BCL creates an assurance from their client (borrower) to the lender in the purchase of large commodities or merchandise or a loan. In case the credit lending facility fails to offer a BCL on behalf of their client in the initial stage of purchasing the merchandise/mortgage, the supplier/lender will perceive the inability of the buyer/borrower to meet all the financial requirements. In such a case, the supplier/lender may reconsider getting into an agreement with the buyer/borrower.

“My Rupee Mantra” experts advise you in getting Blocked Fund Services / BCL from the Bank. The experts find the best suited Mantra (Product) / Bank for the client for issuance of these documents at attractive terms and conditions.