INTEL
Status: blockedCLUSTERbushehr shipping company limited added — likelyStatus: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERArrakis Development added — likelyStatus: blockedCLUSTERExxon Global Distributor added — likelyStatus: pendingCORPUS427 entities · 63 countries
All terms

Payment instrumentsrwa

RWA

Ready, Willing and Able — a short bank letter stating a party is ready to transact; a scam-circuit staple with no settlement weight.

An RWA (Ready, Willing and Able) letter is a brief bank letter stating the client is ready, willing and able to complete a transaction up to a stated amount. Banks issue them sparingly and they are NOT a payment undertaking. In the broker-scam circuit RWAs are mass-produced on forged letterhead to manufacture credibility before any payment instrument is opened. An RWA is not a Letter of Credit and carries no obligation to settle.

Related: POF, SBLC.

See also

pofsblc

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