Seller due diligence helps buyers avoid fake offers, unauthorised mandates and unrealistic transaction procedures.
Key Seller Checks
- Company registration and business profile
- Authority to sell or represent product
- Product specification and quantity availability
- Clear pricing basis
- Transaction procedure
- Past performance or references, where available
- Mandate letter or authorisation, where applicable
Mandate Verification
If the seller is represented by a mandate, the mandate authority should be checked.
Related: How Mandates Work · Common Red Flags