What Is a Bank Confirmation Letter (BCL)?
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What Is a Bank Confirmation Letter (BCL)?
A bank confirmation letter (BCL) is a letter from a bank or financial institution confirming the existence of a loan or a line of credit that has been extended to a borrower. It assures a third party, generally a seller, that the borrower has access to sufficient financial resources to complete a transaction, such as the purchase of goods. It ...
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