TELEX is how all major banks communicate. And they use it for POF, BG and SBLC transactions.
TELEX has many years of experience assisting broad financial sectors and has a wide range of specific products and services for the industry which have been utilised by major banks and corporations across the world.
A high level of security is achieved due to reduced clerical involvement, multiple password levels, access control, full data encryption and dual control for outgoing tests. A comprehensive audit journal ensures the integrity of the telex testing operation.
So, if a "client" says they don’t accept TELEX, they are probably trying to pull a scam!
A good Provider will verify accounts via TELEX, phone, secured fax, lender to lender with a hard copy getting sent via a bonded carrier.
The first step to obtain a BG, POF or SBLC is a request for the brief intake form.