Requirement identified
The client identifies what proof of funds a transaction counterparty is asking for.
Trade Finance
Proof of Funds Documents
Documentation demonstrating that a party has funds available and legitimate for a proposed transaction — typically in the form of a bank, security or custody statement.
What It Is
Evidence that funds are available and legitimate
A Proof of Funds (POF) document demonstrates that a person or business has the ability and funds available for a proposed transaction. It usually takes the form of a bank, security, or custody statement issued by a financial institution, and is used to give a counterparty confidence that the funds required for a transaction are genuinely available.
POF requirements vary by transaction and counterparty. MTG helps clients understand what a receiving party is likely to require and coordinates with the client's own bank or financial institution to arrange appropriate documentation.
Who issues this instrument
Proof of Funds Documents instruments are issued by a bank or other authorised financial institution, not by MTG. MTG is a non-bank financial company that facilitates access to these instruments and coordinates the process on the client's behalf. See the disclaimer for full detail.
Key benefits
- Clarity on what documentation a transaction is likely to require
- Coordination support with the client's own bank or institution
- Reduces delay caused by incorrect or incomplete documentation
- Applicable across trade, property and other large transactions
- Consultancy drawing on two decades of trade-finance experience
How It Works
The typical process.
Every transaction is different; this is the general shape of how proof of funds documents arrangements proceed.
Coordination
MTG helps clarify the specific documentation and format likely to be accepted.
Bank issuance
The client's bank or financial institution issues the relevant statement or document.
Delivery
The document is provided to the counterparty through the agreed channel.
MTG's Role
How MTG helps
MTG has supported clients with proof-of-funds requirements for over two decades. Our role is to clarify what a transaction counterparty is likely to require and to coordinate with the client's own bank or financial institution to help ensure the right documentation is produced.
MTG does not hold, manage or provide cash-backed products of its own, and does not offer SWIFT messaging services. Any statement of funds is issued directly by the client's bank or financial institution, in that institution's name.
- Digital onboarding and document collection
- Transaction tracking through to issuance
- Automated notifications on status and deadlines
- Intelligent document processing for supporting paperwork
Get Started
Discuss a Proof of Funds Documents requirement.
Tell us about the transaction and we'll confirm whether this instrument fits.