WE LEASE FINANCIAL INSTRUMENTS

BG, LC, DLC, SBLC and Bank Guarantees for lease directly from any top banks, HSBC London or Hong Kong, Deutsche Bank, Barclays Bank etc.
We also provide loans at 3% interest rate annually.


NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon.

NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.


Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

Provider of Blocked Funds and Proof of Funds (POF)

Proof of Funds

Proof of Funds is an efficient and inexpensive way to achieve your financial goals. The Proof of Funds we arrange for you is a real bank account with actual, verifiable, secured deposits – in your name or your company name – that can be used to enhance your financial position and, where needed, buy you time during a transaction.
Proof of Funds, sometimes referred to as ‘leased funds’, demonstrate that you have legitimate and obtainable funds available to use for a transaction. We can arrange varying levels of Proof of Funds from any prime bank of your choice.

A. Procedure for Proof of Funds via SWIFT MT799

1. Client completes POF Application.
2. The completed and signed POF application is mailed to us via email attachment.
3. The Contract Agreement will then be signed.
4. The customer will transfer the Arrangement Fee into any of our chosen company accounts.
5. The Proof of Funds account is established.
6. A SWIFT MT799 is issued evidencing the funds in the account.

B. Procedure for Proof of Funds via Bank to Bank Verification 

1. Client completes POF Application.
2. The completed and signed POF application is mailed to us via email attachment.
3. The Contract Agreement will then be signed by both parties.
4. The customer will transfer the Arrangement Fee into any of our chosen company accounts.
5. The Proof of Funds account is established.
6. A Bank Statement is issued evidencing the funds in the account.
7. The account is verified Bank to Bank.

 

Proof of Funds Can Help

Buy/Sell Transactions.
Private Investment Opportunities.
PPPs.
Precious Metals Transactions.
Oil and Fuel Transactions.
Other Commodity Transactions.
Leverage Funding
Credit Enhancement.
Infrastructure Projects.

WHY CHOOSE MING FONG FINANCE FOR YOUR PROOF OF FUNDS (POF)

Performance

Upon meeting our criteria your Proof of Funds facility is assured. And it will be provided in a prompt and professional manner.

Simple and Smooth

Our process is hassle free:

• No Background Checks.
• No Credit Report / Credit Scores.
• No Business Plan / Executive Summary.
• No ‘jumping through hoops’.

Diversity: We draw on a diverse network of banks.

Discreet: Your privacy is assured.

YOUR SUCCESS: When you need to finance a purchase or a position arises and conventional sources are not the answer, Proof of Funds may be the solution. Ming Fong Financial Limited can help you turn an adverse situation into a positive outcome.

But you must be aware of your part in the process:
Too often we see proposed transactions not proceed because the client does not have the capacity to pay the Arrangement Fee. Proof of Funds can leverage you to another level but this first step is not and cannot be free. You cannot successfully close POF or letters of credit transaction with empty pocket.
Properly applied, Proof of Funds is a powerful and cost effective tool.
We proudly work with honest and knowledgeable Brokers.
We will help you get what you need, so kindly email us today for your proof of funds and letters of credit needs including Lease Bank guarantee, SBLC, MTN, DLC etc.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

Largest Providers of Proof of Fund, POF and Blocked Funds for Trading or Investments

You can have access to amounts between $500,000 to $2 Billion World Wide. Funds are in a bank account with your name or company name.
Ming Fong Finance provides Proof of Funds to our clients for credit enhancement purpose. Blocked funds are in an account with the client listed as the funds owner for a pre-determined amount of time.

These can be:

• Proof of Funds (POF) Blocked Funds
• Bank Comfort Letters (BCL)
• Bank statements
• SWIFT MT799
• SWIFT MT760
• SWIFT MT199
• Bank Guarantees
• Stand By Letter of Credit (SBLC)
• VOD (1006)
• Escrow Accounts (with major escrow companies)

It is important to understand that this is not a loan and the money will never move from the account. It is blocked, but free and clear.
You receive Verification of the funds and proof that the funds are yours (for verification purpose only). There are different ways to verify those funds. Some banks or financial institutions let you go to your local bank or branch. Some have a dedicated National 800 number, while others use online services.
The cost for this service varies according to the POF amount, the type of account as well as the length of time needed to show the funds.
We must be satisfied with your capacity to pay the up front fee for providing Proof of Funds (known as the Arrangement Fee). Payment of the Arrangement Fee in the form of a “success fee” is not acceptable.

Any use including: Net worth Requirement Facilitate buy / sell arrangements Show of Down payment to get REO offers accepted Bond Requirement Proof of Liquidity Proof of Collateral Reserved or Blocked funds for investments Minimum of only 1 month with discounts for multiple months. Brokers paid for referrals!
Proof of Funds Program Highlights: Accounts available from $100K to $2 billion Money Market funds seasoned for six (6) months No Credit Check or Financial Statements Required Funds in an account under client’s name and signature	FAQ: 30 & 60 day accounts, with discounts provided for renewal terms Standard bank Verification of Deposit provided for all accounts Bank accounts opened and confirmed in writing by bank officers SWIFT MT799/760 confirmation option available in Offshore Banks Brokers paid for referrals

 

Program Highlights

Proof of Funds Program Highlights:

• amount available ranging from $500K to 200 + billion.
• Funds seasoned for up to six (6) months.
• Rates starting at 2% per month.
• 30, 60 & 90 day accounts, with discounts provided for renewal terms.
• You  have access to the paperwork in less than 24 hours after confirmation.
• Funds in an account under your name and signature.

Types of accounts:

• Domestic Brokerage Firm:
• Domestic Banks:
• Brokerage Accounts
• Prime Western Europe Banks:
• Domestic Hedge Investment (NON BANK)

Types of confirmation

• Standard verification of deposit (VOD): the customer faxes over a form to the financial institution. They then look up the account information, and fill out a standard form.
• Bank-to-bank electronic confirmation.

All accounts require full client disclosure and are opened in strict compliance with the provisions of the International Money Laundering Regulations and the US Patriot Act.


NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

 

Lease Fresh Cut BG, SBLC and DLC

We are direct providers of Fresh Cut BG/SBLC and DLC which are specifically for lease and purchase. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffeur driven offers.

 

Description of instrument:

1. Instrument: Bank Guarantee (BG)/SBLC

2.Total Face Value: Minimum 1Million EURO/USD- Maximum 50 Billion EURO/USD

3. Issuing Bank: HSBC, Barclays, Royal Bank of Scotland London or AA rated Bank in Western Europe, Middle East, Asia or America.

4.Term: One Year, One Month

5. Leasing Price: 4% of face value plus 1% Lessor agent [Closed]& 1% Lessee agent (open)

6. Style of speaking: Swift to Swift

7.Payment: Wire Transfer

8.Hard Copy: Bonded Courier within 7 banking days

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

 

Offer for Fresh Cut BG, SBLC and DLC

We are direct providers of Fresh Cut BG/SBLC and DLC which are specifically for lease and purchase. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffeur driven offers.

 

Description of instrument:

1. Instrument: Bank Guarantee (BG)/SBLC

2.Total Face Value: Minimum 1Million EURO/USD- Maximum 50 Billion EURO/USD

3. Issuing Bank: HSBC, Barclays, Royal Bank of Scotland London or AA rated Bank in Western Europe, Middle East, Asia or America.

4.Term: One Year, One Month

5. Leasing Price: 4% of face value plus 1% Lessor agent [Closed]& 1% Lessee agent (open)

6. Style of speaking: Swift to Swift

7.Payment: Wire Transfer

8.Hard Copy: Bonded Courier within 7 banking days

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

 

Bond Resolution

1. A document used with government bonds, especially general obligation bonds, to allow bonds to be issued and sold for a specific purpose and to define the rights and responsibilities of each party to a bond contract (the issuer and the bondholder). The bonds represent money loaned and entitle the holder to interest payments and the return of principal.

2. A ballot measure that allows voters to approve or deny the issuance and sale of new bonds for a stated purpose. This type of bond resolution should describe the nature and location of the project to be financed and the project's maximum potential cost.

BREAKING DOWN 'Bond Resolution'

1. A bond resolution describes how much interest and principal will be paid to bondholders and when, how payments will be made, how bonds may be redeemed and what happens in the event of default. It also describes how the bond funds may be used. Sometimes, such as with revenue bonds, a bond indenture is used instead of a bond resolution to define the legal terms of the bond issue and its financing.

2. For example, a bond resolution might authorize a municipality to issue $10 million in revenue bonds to build a new school.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

 

Performance Bond

What is a 'Performance Bond'

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects.

BREAKING DOWN 'Performance Bond'

The Miller Act instituted the requirement of placing performance bonds. The Act covers all public work contracts $100,000 and above. These bonds are also required for private sectors that necessitate the use of general contractors for their company's operations. Jobs that require payment and performance bonds go through job or project bidding first. As soon as the job or project is awarded to the winning bidder, payment and performance bonds are provided as a guarantee for the completion of the project.Performance bonds are provided to protect parties from concerns such as contractors being insolvent before finishing the contract. When this happens, the compensation provided for the party that issued the performance bond may be able to overcome financial difficulties and other damages caused by the insolvency of the contractor.
A payment bond and a performance bond work hand in hand. A payment bond guarantees a party pays all entities, such as subcontractors, suppliers and laborers, involved in a particular project when the project is completed. A performance bond ensures the completion of a project. Setting these two together provides proper incentives for laborers to provide a quality finish for the client.
The issuance of a performance bond protects a party from monetary losses due to failed or incomplete projects. For example, a client issues a contractor a performance bond. If the contractor is not able to follow the agreed specifications in constructing the building, the client is given monetary compensation for the losses and damages the contractor may have caused.

The Uses of Performance Bonds

Usually, performance bonds are provided in the real estate industry. These bonds are heavily used in real property construction and development. They protect real property owners and/or investors from low-quality work that may be caused by unfortunate events, such as bankruptcy or insolvency of the contractor. Performance bonds are also useful in other industries. A seller of a commodity may ask a buyer to provide a performance bond. This protects the buyer from risks of the commodity, for any kind of reason, not being delivered. If the commodity is not delivered, the buyer receives compensation for losses and damages caused by the noncompletion of the transaction.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon. NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance