Letter of Credit
The Documentary Letter of Credit known as LC or DLC is a written undertaking given by a bank to the seller (beneficiary). The Letter of Credit or Documentary Letter of Credit is a technique for financing International trade by which a bank (issuing bank) takes the irrevocable commitment, at the request and for the account of its client (applicant), to pay the exporter (beneficiary) against the handing-over of various documents complying with the terms of the credit, proving forwarding and the nature of the goods stipulated in the proforma invoice or commercial contract within a set time limit.
Proof of Funds
First Asia Finance International Limited represents a private equity funds that provides Proof of Funds / Verification of Deposits for short or long-term uses.
We are the sole representative of the fund, so there is no broker chain involved. The funds are utilized to provide Proof of Funds accounts at a predetermined fixed return-on-investment. We ensure that our clients will not have to give up any ownership positions in their projects or trades. However, joint ventures are considered on a case by case basis.