POF is a document or bank statement that showcases the financial capability of a person/company to undertake the transaction. With this, the other party or the parties will easily be able to get ensured of the financial capability required for the transaction is procurable and legitimate. POF is mostly used when large sums of money are involved in transactions like biddings and investments.
Also known as a bank comfort letter, RWA is a document issued by a bank or a financial institution on the clients’ behalf showcasing the capability and willingness of him or her to enter into the financial transaction.
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