Finance and Banking

Finance & Banking

Our pool provides a safe and trustworthy haven for your financial negotiations and global transaction goals. BoomFii is committed to upholding this tradition of providing financial services via our pool that benefit our customers and other participants in the global financial markets.

We have privileged relationships with many established financial institutions to provide cost effective rates and specialised assistance to reach your global trade solution goals.

We organize international trade relying on our extensive pool of authorized representatives from all over the world to provide YOU local contacts to facilitate all transactions.

 
 
 

Trading Finance

Trade Financing can be tailored to a specific project and outcome. This will have to be discussed in detail to find the best trading plan for you. If you already have a road map for your objectives, we can advise on the best approach to undertake to its successful conclusion.

Standby Letters of Credit (SBLC)

A standby letter of credit is a document issued by a bank or financial institution. In the situation that the terms and conditions of a sales contract are not met or a default occurs this is a guarantee that payment will occur from the bank or financial institution involved.

Proof of Funds (POF)

A proof of funds is a statement by a bank or financial institution that a depositor has a certain amount on deposit.

Tear Sheet (POF) A simplified proof of fund issued by the banks without disclosing sensitive information.

Bank Guarantee (BG)

A guarantee from a bank or financial institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

Performance Bond Guarantee

Performance Bond Guarantee (PB)

A performance bond is a surety bond issued by a bank to guarantee satisfactory shipment of products by a seller. By virtue of the performance bond, the bank is obliged to pay the secured amount if certain notice/demand conditions are satisfied.

Ready Willing and Able (RWA)

A Ready Willing and Able letter is a bank issued document on an applicant’s behalf to show readiness and intent in a financial transaction.

Merges & Acquisitions

BoomFii are able to identify acquisition targets from receiving instructions, these will include, Bolt on Acquisitions, diversification acquisitions for the business to reduce risk and increase assets. BoomFii will also advise on divestments to bolster balance sheets and dispose of business units which do not fit in the business structures

Raising Capital & Security Underwriting

Using our pool, we can arrange Underwriting involves determining the risk and price of a particular security. It is a process seen most commonly during initial public offerings, wherein investment banks first buy or underwrite the securities of the issuing entity and then sell them in the market.

Retail & Commercial Banking

Identifying best off shore banking facilities to best suit your business requirements and model. Sourcing and advising on high Yield Business and Personal Accounts with residency and tax benefits. Identifying Secure Private Banking Accounts with lucrative returns.

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We are currently advising on several concepts, including a world class golf course.

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