Ready, Willing, and Able (RWA) Statements

RWA Statements — Proof of Capability & Commitment
A Ready, Willing, and Able (RWA) Statement is a bank letter that confirms a client’s financial capacity and commitment to perform a specific transaction. It accelerates negotiations, reduces counterparty risk, and unlocks complex, cross-border deals.
*When delivered by SWIFT message (e.g., MT799) as part of a larger instrument workflow.
What is an RWA Statement?
A formal bank letter confirming the client is ready (prepared), willing (committed), and able (financially capable) to enter and complete a defined transaction within a validity window.
Purpose & Importance
- Proof of capability — Demonstrates sufficient funds and banking support.
- Commitment — Signals serious intention to perform.
- Risk mitigation — Reduces fear of non-performance for counterparties.
- Cross-border trust — Useful when parties are new to each other or in different jurisdictions.
Key Elements Inside an RWA
- Client capability confirmation (funds / facility ready).
- Commitment to perform per contract or LOI/SPA/PO.
- Transaction details: amount, instrument flow, validity.
- Bank assurance: not a payment obligation, but strong comfort.
- Expiry terms and conditions precedent.
Note: An RWA is comfort/attestation; it is not a payment instrument. It often precedes LC/SBLC/BG issuance.
Common Uses of RWA Statements
International Trade
Assures sellers/buyers of financial readiness for large commodity and equipment deals.
Real Estate
Confirms buyer’s funds for acquisitions, developments, or JV entries.
Project Finance
Comfort to EPCs, sponsors, and lenders ahead of instrument issuance.
Mergers & Acquisitions
Signals ability to close, supporting exclusivity and SPA timelines.
Issuance Procedure
- Client request — Define transaction, parties, and target timelines.
- Financial review — Bank reviews balances, facilities, and risk.
- Drafting — Statement text prepared with transaction specifics.
- Issuance — Bank issues on letterhead or via SWIFT (as applicable).
- Submission — Provided to counterparties for verification and comfort.
Documents Required
- Company financial statements
- Recent bank statements (≈ 6 months)
- Transaction agreement / SPA / PO / LOI
- Trade license (if applicable)
- Passport/ID of authorized signatory
- Pro-forma invoice (where relevant)
Exact list varies by issuer, jurisdiction, and sector. Additional AML/sanctions checks may apply.
Advantages of Using an RWA
Enhanced Trust
Third-party bank comfort reduces doubt for new counterparties.
Smoother Negotiations
Accelerates term alignment and document workflows.
Security
Mitigates perceived risk of non-performance.
Faster Closings
Backed by banking support, deals move from LOI to execution sooner.
RWA / LC / SBLC / BG / POF / BCL Network — 30+ Banks
Below are frequent issuers/participants across corridors. BIC/SWIFT values are indicative; specific branches vary per file.
Bank | Country/Region | BIC/SWIFT (click to copy) | Tier | Typical Use |
---|---|---|---|---|
JPMorgan Chase | USA | CHASUS33 | Top 50 Global | RWA, LC, SBLC |
Citi | USA | CITIUS33 | Top 50 Global | RWA, LC, SBLC, BG |
Bank of America | USA | BOFAUS3N | Top 50 Global | RWA, LC |
HSBC London | UK | MIDLGB22 | Top 50 Global | RWA, LC/SBLC |
HSBC Hong Kong | Hong Kong | HSBCHKHH | Top 50 Global | Trade corridors |
Standard Chartered (Dubai) | UAE | SCBLAEAD | Top 50 Global | MENA/Africa |
Standard Chartered (HK) | Hong Kong | SCBLHKHH | Top 50 Global | APAC |
BNP Paribas | France | BNPAFRPP | Top 50 Global | EU trade |
Société Générale | France | SOGEFRPP | Top 50 Global | Project finance |
Crédit Agricole | France | AGRIFRPP | Top 50 Global | RWA, LC |
Deutsche Bank | Germany | DEUTDEFF | Top 50 Global | Global trade |
Commerzbank | Germany | COBADEFF | Top 50 Global | EU SMEs |
ING | Netherlands | INGBNL2A | Top 50 Global | Benelux trade |
ABN AMRO | Netherlands | ABNANL2A | Top 50 Global | Structured LC |
Rabobank | Netherlands | RABONL2U | Top 50 Global | Agri/commodities |
UBS | Switzerland | UBSWCHZH80A | Top 50 Global | Large caps |
Barclays | UK | BARCGB22 | Top 50 Global | RWA, LC |
NatWest Markets | UK | NWBKGB2L | Top 50 Global | UK/EU deals |
DBS | Singapore | DBSSSGSG | Top 50 Global | APAC trade |
OCBC | Singapore | OCBCSGSG | Top 50 Global | ASEAN |
UOB | Singapore | UOVBSGSG | Top 50 Global | ASEAN |
MUFG | Japan | BOTKJPJT | Top 50 Global | Global corporates |
Mizuho | Japan | MHCBJPJT | Top 50 Global | Corporate SBLC |
SMBC | Japan | SMBCJPJT | Top 50 Global | Structured trade |
Bank of China | China / Global | BKCHCNBJ | Top 50 Global | Global corridors |
ICBC | China / Global | ICBKCNBJ | Top 50 Global | Infrastructure |
China Construction Bank | China / Global | PCBCCNBJ | Top 50 Global | Project-heavy |
Emirates NBD | UAE | EBILAEAD | Top 50 Global | GCC trade |
First Abu Dhabi Bank | UAE | NBADAEAA | Top 50 Global | Oil & gas |
Qatar National Bank | Qatar | QNBAQAQA | Top 50 Global | GCC projects |
Saudi National Bank | Saudi Arabia | NCBKSAJE | Top 50 Global | Energy corridors |
RBC | Canada | ROYCCAT2 | Top 50 Global | North America |
TD | Canada | TDOMCATT | Top 50 Global | USD/CAD |
Scotiabank | Canada | NOSCCATT | Top 50 Global | Americas |
Itaú Unibanco | Brazil | ITAUBRSP | Top 50 Global | LatAm trade |
Banco do Brasil | Brazil | BRASBRRJ | Top 50 Global | Public sector |
Bank Hapoalim | Israel | POALILIT | Top 50 Global | Multi-currency |
Bank Leumi | Israel | LUMIILIT | Top 50 Global | Corporate |
PG Asia Investment Bank | Malaysia | AINEMY22 | Specialty Trade | RWA, LC/SBLC |
Dushanbe City Bank | Tajikistan | LCMDTJ22 | Specialty Trade | Frontier markets |
Standard Commerce Bank | USA | STDMDMDMXXX | Specialty Trade | Project/commodities |
Asia Pacific Investment Bank | Malaysia | ASPMMYKL | Specialty Trade | APAC corridors |
Credit Foncier IM & Export GmbH | Germany | CFEGDE82 | Specialty Trade | EU SMEs |
Sapelle International Bank (Liberia) | Liberia | GNERLRLM | Specialty Trade | Frontier deals |
Unibanque | UK | UNBQGB22 | Specialty Trade | UK-regulated |
Al-Amanah Islamic Investment Bank | Philippines | AIIPPHM1XXX | Specialty Trade | Sharia-compliant |
Point Bank | UK | POITGB21 | Specialty Trade | Agile issuance |
Ace Investment Bank | Malaysia | AIBMMYKL | Specialty Trade | Short-term deals |
Tabarak Investment Capital | UAE | TIBIAEADXXX | Specialty Trade | MENA exports |
United Bank for Investment | Iraq | UNTVIQBAXXX | Specialty Trade | Regional trade |
Golden Touch Investment Bank | Malta | GTIVMT2LXXX | Specialty Trade | Private structuring |
ABC Banking Corporation | Mauritius | ABCKMUMU | Regional / Development | Commodity flows |
Maubank Ltd | Mauritius | MPCBMUMU | Regional / Development | Offshore structuring |
Mauritius Commercial Bank | Mauritius | MCBLMUMU | Regional / Development | Pan-African |
Exim Bank Tanzania | Tanzania | EXTNTZTZ | Regional / Development | East Africa |
International Commercial Bank | South Sudan | ICOCSSJBXXX | Regional / Development | SSA trade |
UBA (Mozambique) | Mozambique | UNAFMZMA | Regional / Development | SADC corridors |
Euro Exim Bank | St. Lucia | EULULCL1XXX | Specialty Trade | Flexible routing |
Start a Secure RWA Mandate
All submissions are encrypted in transit. We may decline files that present elevated compliance or reputational risk.
Client Reviews (10)
Frequently Asked Questions (15)
1) Is an RWA a payment guarantee?
2) Can an RWA be sent over SWIFT?
3) How long is an RWA valid?
4) What triggers rejection?
5) Can we use RWA for real estate?
6) Is audited financials mandatory?
7) Can we pair RWA with POF/BCL?
8) Does RWA guarantee SBLC issuance?
9) What fees apply?
10) Can individuals request RWA?
11) Which currencies are supported?
12) Do you coordinate with our bank?
13) Can RWA be used for tenders?
14) Data privacy & security?
15) How fast can we start?
Compliance & Standards
All cases undergo KYC/AML & sanctions screening. RWA wording is aligned to issuer policy and corridor requirements. We may decline engagements presenting elevated compliance or reputational risk.
Ready, Willing, and Able (RWA) Statements
NNRV Trade Partners – Montreal HQ • Global Desks
A Ready, Willing, and Able (RWA) Statement is an official bank letter that confirms a client’s financial capacity and commitment to perform a specific transaction. It is a powerful tool in trade finance, mergers & acquisitions, project finance, and international deals.
What is a RWA Statement?
An RWA Statement certifies that a client is:
- Ready: Prepared with sufficient funds or facilities to execute the transaction.
- Willing: Committed to completing the transaction seriously.
- Able: Financially and operationally capable of fulfilling the obligations.
It is important to note that a RWA is not a payment instrument. It is a comfort letter, often preceding Letters of Credit (LC), Standby LCs (SBLC), Bank Guarantees (BG), or Proof of Funds (POF).
Purpose and Benefits
- Proof of Capability: Demonstrates that the client has sufficient financial backing.
- Builds Trust: Reduces counterparty risk and reassures new or international partners.
- Accelerates Negotiations: Helps speed up contract discussions and transaction approvals.
- Enables Complex Deals: Useful in multi-party transactions or cross-border projects.
- Mitigates Risk: Reduces the perception of non-performance for both buyers and sellers.
Typical Uses of RWA Statements
- International Trade: Ensures sellers or buyers that funds are available for large commodity or equipment deals.
- Real Estate: Confirms a buyer’s capability to fund acquisitions, developments, or joint ventures.
- Project Finance: Provides comfort to EPCs, sponsors, and lenders before issuing other instruments.
- Mergers & Acquisitions: Signals readiness to close deals, supporting exclusivity and SPA timelines.
Issuance Process
- Client submits a request specifying the transaction, parties, and target timelines.
- Bank conducts a financial review of funds, facilities, and risk.
- The RWA draft is prepared with transaction details.
- Bank issues the RWA on official letterhead or via SWIFT (e.g., MT799).
- Client submits the RWA to counterparties to provide proof of capability.
Documents Typically Required
- Company financial statements
- Recent bank statements (approx. 6 months)
- Transaction agreement / SPA / Purchase Order / LOI
- Business license or registration
- Passport/ID of authorized signatory
- Pro-forma invoice (if relevant)
Note: The exact list varies depending on the bank, jurisdiction, and type of transaction. AML and sanctions checks may also apply.
Advantages of Using an RWA
- Enhances trust with counterparties and reduces negotiation friction.
- Speeds up deal closing by providing early proof of financial readiness.
- Provides security for large or cross-border transactions.
- Facilitates complex, multi-party, or international deals efficiently.
Global Bank Network for RWA / LC / SBLC / BG / POF / BCL
NNRV Trade Partners works with 30+ international banks to issue RWA statements. These banks are highly reputable, ensuring credibility for your transactions.
Bank | Country/Region | BIC/SWIFT | Tier | Typical Use |
---|---|---|---|---|
JPMorgan Chase | USA | CHASUS33 | Top 50 Global | RWA, LC, SBLC |
Citi | USA | CITIUS33 | Top 50 Global | RWA, LC, SBLC, BG |
HSBC London | UK | MIDLGB22 | Top 50 Global | RWA, LC/SBLC |
Standard Chartered (Dubai) | UAE | SCBLAEAD | Top 50 Global | MENA/Africa |
BNP Paribas | France | BNPAFRPP | Top 50 Global | EU trade |
Deutsche Bank | Germany | DEUTDEFF | Top 50 Global | Global trade |
MUFG | Japan | BOTKJPJT | Top 50 Global | Global corporates |
Conclusion
RWA Statements are a **key instrument to demonstrate financial readiness, commitment, and credibility** in international trade, project finance, M&A, and other large-scale transactions. By providing a formal bank-backed assurance, they **unlock faster negotiations, reduce risk, and enhance trust between parties**, often serving as a gateway to Letters of Credit, Standby LCs, or Bank Guarantees.
Contact NNRV Trade Partners today to request your RWA Statement and accelerate your global trade deals.
RWA Statements: Risk, Compliance & Controls
While Ready, Willing, and Able (RWA) Statements are powerful tools to demonstrate financial capability, proper risk management and compliance controls are essential to ensure they are effective and trusted by counterparties.
Key Risks Associated with RWA Statements
- Bank Credibility Risk: Issuance from an unverified or low-tier bank can undermine counterparty confidence.
- Document Inaccuracy: Mistakes in amount, validity, or transaction details may invalidate the RWA or cause disputes.
- Fraud Risk: Fake or modified RWAs can be circulated, particularly in cross-border transactions.
- Counterparty Misinterpretation: RWAs may be misunderstood as payment obligations rather than attestation of capability.
- Expiry Risk: Transactions delayed beyond the RWA validity window can make the statement ineffective.
Compliance Considerations
- AML/KYC: Banks issuing RWAs conduct strict anti-money laundering and know-your-customer checks.
- Sanctions Screening: All parties must be screened against relevant global sanctions lists.
- Regulatory Alignment: RWAs must comply with local and international banking regulations, including ICC UCP 600 where linked to trade finance instruments.
- Internal Policies: Organizations should have clear procedures for requesting, approving, and using RWAs.
- Record Keeping: Maintain all supporting documents for audit, verification, and dispute resolution.
Best Practices for Risk Mitigation
- Bank Verification: Use globally recognized banks with SWIFT connectivity and a solid reputation.
- Accurate Drafting: Confirm all transaction details, amounts, and conditions before issuance.
- Limit Exposure: Align RWA amount with actual transaction value; avoid overcommitting.
- Track Expiry Dates: Monitor validity and renew or update RWAs for long-term or phased projects.
- Counterparty Communication: Clearly communicate that an RWA is a statement of capability, not a payment instrument.
- Audit & Reconciliation: Regularly review RWAs against transaction records and counterparties’ confirmations.
Controls and Verification Steps
- Request SWIFT verification (e.g., MT799) to authenticate RWA issuance.
- Cross-check RWA against bank contact points to ensure legitimacy.
- Confirm that funds/facilities referenced in the RWA are available and not committed elsewhere.
- Maintain compliance logs for regulatory audits.
- Use internal approval workflows to validate RWA usage within organizational risk policies.
Conclusion
RWA Statements are invaluable for accelerating deals, enhancing credibility, and facilitating complex international transactions. However, careful attention to risk management, compliance, and control measures ensures that RWAs remain a reliable and trusted tool in global trade, project finance, and M&A transactions.
Partner with NNRV Trade Partners to issue, verify, and strategically use RWAs while minimizing risk and ensuring full compliance across jurisdictions.
Strategic Use & Best Practices for RWA Statements
A Ready, Willing, and Able (RWA) Statement is more than just a bank attestation—it is a strategic tool that can accelerate negotiations, build trust, and unlock high-value cross-border transactions. Understanding how to use it effectively is critical for intermediaries, traders, project sponsors, and M&A participants.
Strategic Use Cases
- International Trade: Provide sellers with assurance of payment readiness, enabling larger and faster commodity or equipment deals.
- Project Finance: EPC contractors and lenders gain confidence that funds will be available for project milestones.
- Real Estate Transactions: Signal serious intent to buy, lease, or co-invest, reducing negotiation friction.
- Mergers & Acquisitions: Demonstrate financial backing to secure exclusivity and comply with SPA timelines.
- Bankable Instruments: Often used as a precursor to LC, SBLC, or Bank Guarantee issuance, ensuring smooth capital deployment.
Best Practices for Using RWA Statements
- Choose the Right Bank: Partner with a reputable bank with global recognition, SWIFT capability, and experience in your transaction corridor.
- Clarity in Transaction Details: Specify amount, validity, purpose, and any instrument flow to prevent ambiguity.
- Verify Compliance: Ensure AML/KYC and sanctions checks are complete; many banks require this before issuing an RWA.
- Communicate with Counterparties: Share the RWA early to accelerate negotiations and reduce perceived risk.
- Use as a Negotiation Tool: A valid RWA can strengthen position in pricing, payment terms, and contract conditions.
- Confirm Draft Accuracy: Review all terms with legal, finance, and operational teams before final bank issuance.
- Leverage SWIFT Verification: Whenever possible, request MT799 or similar SWIFT messages to validate authenticity and build counterparty confidence.
- Document Management: Maintain copies of financial statements, transaction agreements, and bank correspondence to support transparency.
Tips for Multi-Party Transactions
- When multiple counterparties are involved, share the RWA with each participant to reduce uncertainty and speed execution.
- Combine RWA with pre-agreed LCs or SBLCs to create a secure transaction chain without requiring upfront capital.
- Ensure transfer clauses and conditions are clearly defined if the RWA is linked to subsequent trade finance instruments.
Common Pitfalls to Avoid
- Relying on an RWA without verifying the bank’s credibility.
- Using vague wording that does not specify transaction scope or amounts.
- Failing to update RWAs if transaction timelines or amounts change.
- Sharing RWAs without proper confidentiality agreements, risking information leakage.
Conclusion
Properly issued and strategically used, an RWA Statement becomes a powerful enabler of trust, speed, and efficiency in high-value deals. By partnering with globally recognized banks and following best practices, businesses can confidently engage in cross-border trade, project finance, and M&A, while minimizing risk and accelerating deal closure.
Contact NNRV Trade Partners to structure your RWA Statement strategically and gain a competitive edge in global financial transactions.
Top Banks for Issuing RWA Statements
NNRV Trade Partners collaborates with a global network of reputable banks to issue Ready, Willing, and Able (RWA) Statements. These banks provide credibility and financial assurance to counterparties in international trade, project finance, M&A, and other large-scale transactions.
Why Choose the Right Bank?
- Reliability: Ensures the RWA is trusted by buyers, sellers, and intermediaries worldwide.
- Speed: Drafting and issuance can take 24–72 hours depending on bank and eligibility.
- Coverage: Banks with multi-jurisdiction networks are preferred for cross-border deals.
- Compliance: Banks adhering to ICC, KYC/AML, and sanctions regulations reduce transaction risk.
- Transaction Size: Banks handle deals from $1M up to $500M+.
Indicative List of 30–40 Banks for RWA Issuance
Bank | Country / Region | BIC / SWIFT | Tier | Typical Use |
---|---|---|---|---|
JPMorgan Chase | USA | CHASUS33 | Top 50 Global | RWA, LC, SBLC |
Citi | USA | CITIUS33 | Top 50 Global | RWA, LC, SBLC, BG |
Bank of America | USA | BOFAUS3N | Top 50 Global | RWA, LC |
HSBC London | UK | MIDLGB22 | Top 50 Global | RWA, LC/SBLC |
HSBC Hong Kong | Hong Kong | HSBCHKHH | Top 50 Global | Trade corridors |
Standard Chartered (Dubai) | UAE | SCBLAEAD | Top 50 Global | MENA / Africa |
Standard Chartered (HK) | Hong Kong | SCBLHKHH | Top 50 Global | APAC |
BNP Paribas | France | BNPAFRPP | Top 50 Global | EU trade |
Société Générale | France | SOGEFRPP | Top 50 Global | Project finance |
Crédit Agricole | France | AGRIFRPP | Top 50 Global | RWA, LC |
Deutsche Bank | Germany | DEUTDEFF | Top 50 Global | Global trade |
Commerzbank | Germany | COBADEFF | Top 50 Global | EU SMEs |
ING | Netherlands | INGBNL2A | Top 50 Global | Benelux trade |
ABN AMRO | Netherlands | ABNANL2A | Top 50 Global | Structured LC |
Rabobank | Netherlands | RABONL2U | Top 50 Global | Agri / commodities |
UBS | Switzerland | UBSWCHZH80A | Top 50 Global | Large caps |
Barclays | UK | BARCGB22 | Top 50 Global | RWA, LC |
NatWest Markets | UK | NWBKGB2L | Top 50 Global | UK/EU deals |
DBS | Singapore | DBSSSGSG | Top 50 Global | APAC trade |
OCBC | Singapore | OCBCSGSG | Top 50 Global | ASEAN |
UOB | Singapore | UOVBSGSG | Top 50 Global | ASEAN |
MUFG | Japan | BOTKJPJT | Top 50 Global | Global corporates |
Mizuho | Japan | MHCBJPJT | Top 50 Global | Corporate SBLC |
SMBC | Japan | SMBCJPJT | Top 50 Global | Structured trade |
Bank of China | China / Global | BKCHCNBJ | Top 50 Global | Global corridors |
ICBC | China / Global | ICBKCNBJ | Top 50 Global | Infrastructure |
Emirates NBD | UAE | EBILAEAD | Top 50 Global | GCC trade |
First Abu Dhabi Bank | UAE | NBADAEAA | Top 50 Global | Oil & Gas |
RBC | Canada | ROYCCAT2 | Top 50 Global | North America |
TD Bank | Canada | TDOMCATT | Top 50 Global | USD/CAD |
Scotiabank | Canada | NOSCCATT | Top 50 Global | Americas |
Itaú Unibanco | Brazil | ITAUBRSP | Top 50 Global | LatAm trade |
Banco do Brasil | Brazil | BRASBRRJ | Top 50 Global | Public sector |
Conclusion
Partnering with top-tier and specialty banks ensures your RWA Statements are credible, SWIFT-verifiable, and globally recognized. Choosing the right issuing bank accelerates deal-making, strengthens trust with counterparties, and reduces financial risk in large-scale or cross-border transactions.
Contact NNRV Trade Partners today to access our full global banking network for RWA issuance.