Comfort letter or BCL (bank comfort letter) is a document prepared by an accounting firm assuring the financial soundness or backing of a company.BCL is a written assurance by a subsidiary’s parent company or bank used to offer ‘comfort’ to the buyer as to the seller’s ability or willingness to perform its obligations.sow in other word we can said that this letter can help seller or buyer to be comfort and secure when they are acting in deal.
for example when your are entering in contract with new partner and you have no idea about how he can accomplish the deal and perform his obligation,in this stage you need 3rd party that can gave you some guaranty to feel secure and safe .this cannot mean that your deal will be done with success but some how a type of secure start.
listed below the BCL text :

BANK MUST BE ONE OF THE TOP 50 PRIME BANKS)
Dated:

To………………………………..

Dear Sirs,

This is to confirm that our mutual clients (namely)…………………………………………………………………………………… maintain a banking account with us.

At their instructions we, …………………………………………………………………………………………………………………………………………………….(full name of the Bank) with full authority and mandate hereby confirm that the said clients are willing and financially able to initiate the process of purchasing of………………………………………. tonnes of…………………………………………… (Product Name) during the next………………………………………../months/years. We understand the total value of imports under the sight irrevocable Documentary Credit on C & F basis is in the region of US $:

We certify that our clients named above have sufficient funds and/or have credit line with our bank to complete the proposed transaction within the time period shown above.

Our clients hereby give authority to the Sellers to procure usual banker’s references.

……………………………………………………………………………………
Signed

Full name of the signatory ……………………………………………………………………………………………………………………………………………….

Designation of the signatory ……………………………………………………………………………………………………………………………………………….

Clients’ Name as written in account ……………………………………………………………………………………………………………………………………………….
Account No……………………………………………………………..

Bank Telephone No (if not printed above) …………………………………………………………………………….

Bank’s fax No ………………………………………………………………………………………………………………………….

Bank Swift/Sort-Code ……………………………………………………………………………………………………………..

Seal

we recall that comfort letter have expiry date and normally is issued for a given public offering or other transaction with fixed date ,sow when you get one from your new seller or buyer pleas re-verify, as of a later date, that the original comfort letter is still valid.
A valid BCL.
A valid BCL must be issued in the Bank Letterhead, signed by two (2) bank officers, including full banking coordinates, and stating clearly that the Account Holder is Ready, Willing and Able
(RWA) to undergo the transaction proposed (clearly identified including the product description, total volume and monthly volume transacted), and the total amount of the contract (clearly specified).

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