Free Ready, Willing & Able (RWA) Letter Template
The bank's own commitment | not the buyer's | to issue a documentary credit or standby. The document a serious seller waits for before releasing Proof of Product.
What this template includes
This Ready, Willing & Able (RWA) Letter template includes: Issuing bank statement, Instrument, Credit line, Verification.
| Clause | What it does | Why it protects you |
|---|---|---|
| Issuing bank statement | The bank confirms its client is Ready, Willing and Able to enter the described transaction. | The commitment comes from the bank, not the buyer, which is what a seller needs to rely on. |
| Instrument | Names the instrument (MT700 LC or MT760 SBLC), beneficiary and amount, issued on an acceptable operative contract. | Removes ambiguity about what will actually be issued. |
| Credit line | Confirms the necessary credit facility is in place. | Shows the buyer can fund the instrument, not just request it. |
| Verification | Subject to bank-to-bank confirmation via authenticated SWIFT MT799. | Lets the seller's bank confirm authenticity directly, defeating forged letters. |
Clause summaries are drafting guidance, not legal advice. Have the final document reviewed under its governing law.
What this document is, and is not
This RWA is a commercial drafting template that records what the parties intend or have agreed at one stage of a deal. It is not a bank instrument, not proof of product or funds, and not a substitute for qualified legal counsel in the governing-law jurisdiction.
Typical deal sequence: CIS → LOI or ICPO → SCO/FCO → SPA → LC/SBLC.
Next steps: price the payment instrument with the LC Cost Calculator, agree the delivery term with the Incoterms 2020 cost and risk split, and prepare documents with the LC documents checklist. Background: letter of credit guide.
An RWA (Ready, Willing and Able) letter is issued by the buyer's bank confirming it is prepared to issue a named payment instrument (documentary credit MT700 or standby MT760) in favour of the seller once the operative contract is acceptable. Because it comes from the bank, it is stronger than a Proof of Funds and often required alongside the ICPO.
This template captures the issuing bank statement, the named instrument and amount, confirmation that the necessary credit facility is already in place, and a bank-to-bank verification clause via authenticated SWIFT MT799.
The DOCX is a bank-letterhead-ready draft; the PDF is a print-ready sample.
Numerical Example: RWA Utilization
Typical application of the RWA in a standard bulk commodity transaction. Use TradeDox Pro for auto-drafting LC-compatible clauses.
What's inside
- The bank - not the buyer - commits to instrument issuance.
- Names the exact instrument (MT700 LC / SBLC MT760).
- Confirms the buyer's line of credit is already in place.
- The document a serious seller waits for before releasing PPOP.
Document preview
Frequently asked questions
Where can I download a free RWA letter template?
This page hosts a free RWA letter in Word (DOCX) and PDF format. Sign in to download the editable DOCX.
What does RWA stand for?
Ready, Willing and Able. The letter confirms the buyer's bank is ready to issue a named payment instrument in favour of the seller, subject to acceptable operative contract.
RWA vs POF | which do sellers prefer?
RWA is stronger because it commits the bank, not just the buyer. Most professional sellers want both: POF proves funds exist, RWA proves the bank will issue the LC or SBLC to deploy them.
Is an RWA letter verifiable?
Yes. Serious RWA letters carry a bank-to-bank verification clause via authenticated SWIFT MT799, so the seller's bank can confirm authenticity directly with the issuing bank.
Do all banks issue RWA letters?
Not all. Some banks issue only POF and expect the buyer to lift the LC when the contract lifts. If your bank does not issue RWA letters, discuss issuing an MT799 pre-advice as an alternative.