Pre-Advice MT705 – Secure & Swift LC Notification
Ensure Secure & Flexible Global Trade Financing | 100+ Pre-Confirmed Deals | SWIFT-Connected Global Banks
🚀 Ensure Smooth Trade Transactions with MT705 Pre-Advice Letters of Credit (LCs)
⚠️ Lost Time Due to LC Delays? An EU-based electronics importer missed their production window waiting for LC confirmation. With NNRV, they received a Pre-Advice MT705 in 24h, triggering supplier production instantly. Final LC followed 48h later. Deal rescued.
-
🧠 « NNRV’s MT705 saved our shipment. We got the green light to produce even before the LC hit. »
📌 What is an MT705 Pre-Advice LC?
An MT705 Pre-Advice is an official SWIFT message issued by the buyer’s bank notifying that a full Letter of Credit (MT700) is being processed and will be issued shortly. While not a binding LC, it provides assurance to the seller that the LC is imminent, allowing them to prepare documentation, initiate production, or arrange logistics.
At NNRV Trade Partners, we provide structured MT705 Pre-Advice LCs to optimize the LC lifecycle, reduce uncertainty, and align trade parties ahead of time.🔜 Key Benefits of MT705 Pre-Advice :
✅ Early Confirmation of LC Issuance – Provides suppliers with assurance that a Letter of Credit will soon be available.
✅ Boosts Negotiation Confidence – Buyers and sellers can finalize trade terms with greater certainty.
✅ Speeds Up Production – Helps suppliers start manufacturing without risk.
✅ Ensures Compliance & Documentation Readiness – Sellers can start preparing the required documents for LC processing.
✅ Reduces Trade Delays – Speeds up order fulfillment and payment settlement.
NNRV Trade Partners
Montreal HQ • Global Desks
SWIFT MT705 Pre-Advice — Fast, Credible LC Intent
MT705 pre-advice gives sellers early assurance that an MT700 Letter of Credit is in process—so production, logistics, and document preparation can start with confidence. We align wording, routes, and timelines to UCP 600 / ISBP 745.
UCP 600 • ISBP 745
KYC/AML & Sanctions
24–48h intake
100+ countries
How Does an MT705 Pre-Advice Work?
- Buyer requests an LC from their bank (issuing bank/applicant).
- Issuing bank sends MT705 to the beneficiary’s/advising bank as advance notice.
- Seller prepares goods & documents based on the pre-advice (production/logistics commence).
- Final LC issuance (MT700) is transmitted with operative terms.
- Shipment & payment proceed upon compliant presentation under the MT700.
Key Features of MT705
- Bank-issued notice: Confidence that an LC is forthcoming.
- Quick verification: Advising bank aligns early with issuer.
- Optimized trade flow: Plan production and shipment windows.
- Standards-driven: UCP 600 framework; later governed by MT700 content.
MT705 is informational (non-binding for payment). The binding obligation arrives with MT700.
Documents Required for MT705 Pre-Advice
- Proforma Invoice or Sales Contract (Incoterms, shipment plan, documents list)
- Buyer’s credit & KYC profile
- Corporate docs (trade license, registration, ownership)
- 6–12 months bank statements (where applicable)
- Shipment & delivery terms (ports, windows, tolerances)
Best-Practice Pre-Advice Clauses
- Intended LC type (Sight/Usance/Deferred; Transferable if needed)
- Latest shipment & presentation periods
- Document set (B/L or AWB, insurance, COO, inspection, etc.)
- Tolerance on amount/quantity (e.g., ±5%) and partial shipments (43P)
- Charges allocation (71B) and confirmation intent (if any)
MT705 vs MT700 vs Free-Format SWIFT
| Instrument | Binding LC? | Primary Purpose | Best For |
|---|---|---|---|
| MT705 Pre-Advice | ❌ No | Advance notice LC is coming | Planning, alignment, production prep |
| MT700 LC | ✅ Yes | Operative LC issuance | Trade execution & payment |
| MT199/999 Free-Format | ❌ No | Custom bank-to-bank messaging | Confirmations, clarifications, intent |
NNRV’s Structuring & Coordination
- Term sheet & draft: Prepare MT705/MT700 wording aligned to UCP 600 / ISBP 745.
- Bank matching: Align issuer/advising/confirming preferences and corridors.
- Transmission & tracking: Monitor MT705 dispatch and subsequent MT700 issuance.
- Doc readiness: Coach sellers on discrepancy-free document presentation.
- Payout oversight: Coordinate with banks through presentation to settlement.
Partner Banks for MT705 Pre-Advice & MT700 Issuance (25+)
BIC/SWIFT references are indicative; branch codes vary by file. Click a code to copy.
| Bank Name | SWIFT Code | Advantages | Disadvantages | Issuance Fees | Issuance Time | Min. Transaction | Region |
|---|---|---|---|---|---|---|---|
| HSBC Hong Kong | HSBCHKHHXXX | Top-tier security, fast delivery | High compliance checks | 0.5%–8% | 1–5 days | $1M | Global |
| BNP Paribas (France) | BNPAFRPP | Strong EU–Asia network | Additional due diligence | 0.5%–7% | 2–6 days | $1M | Europe/Asia |
| Bank of China (Hong Kong) | BKCHHKHHXXX | Ideal for Asia trade | Less flexible for startups | 0.5%–7% | 2–5 days | $1M | Asia |
| Mashreq Bank (UAE) | BOMLAEAD | MENA trade expertise | May need UAE ties | 0.5%–6% | 2–6 days | $500K | MENA |
| Standard Chartered (Dubai) | SCBLAEAD | Cross-border leader | High doc requirements | 0.5%–7% | 2–6 days | $500K | Global |
| UOB (Singapore) | UOVBSGSG | Fast APAC issuance | Focus on larger clients | 0.5%–6% | 2–5 days | $1M | Asia |
| Crédit Agricole (France) | AGRIFRPP | Trusted European group | Slower on complex LCs | 0.5%–7% | 2–6 days | $1M | Europe |
| DBS Bank (Singapore) | DBSSSGSG | APAC corridors | Strict timelines | 0.6%–7% | 2–5 days | $500K | Asia |
| OCBC Bank (Singapore) | OCBCSGSG | ASEAN networks | Conservative wording | 0.6%–7% | 2–5 days | $500K | Asia |
| JPMorgan Chase (USA) | CHASUS33 | Global reach | Strict compliance | 0.5%–7% | 2–5 days | $1M | Global |
| Citibank (USA) | CITIUS33 | Multi-currency hubs | Documentation rigor | 0.5%–7% | 2–5 days | $1M | Global |
| Deutsche Bank (Germany) | DEUTDEFF | Global network | Complex AML | 0.6%–8% | 2–6 days | $1M | Global |
| Commerzbank (Germany) | COBADEFF | EU SMEs focus | Weekend limits | 0.6%–7% | 2–4 days | $500K | Europe |
| Barclays (UK) | BARCGB22 | UK corridors | Strict docs | 0.6%–7% | 2–5 days | $750K | Europe |
| NatWest Markets (UK) | NWBKGB2L | UK/EU trade | Conservative terms | 0.6%–7% | 2–5 days | $750K | Europe |
| HSBC London (UK) | MIDLGB22 | Asia–EU bridge | Heavy pre-checks | 0.5%–8% | 1–4 days | $1M | Europe/Asia |
| First Abu Dhabi Bank (UAE) | NBADAEAA | Energy/O&G | Pre-KYC strict | 0.6%–7% | 2–5 days | $1M | MENA |
| Emirates NBD (UAE) | EBILAEAD | GCC trade | Doc conservatism | 0.6%–7% | 2–5 days | $500K | MENA |
| Qatar National Bank | QNBAQAQA | GCC projects | Regional criteria | 0.6%–7% | 2–5 days | $1M | MENA |
| Royal Bank of Canada | ROYCCAT2 | CAD/USD corridors | Eligibility checks | 0.5%–7% | 2–5 days | $500K | North America |
| Scotiabank (Canada) | NOSCCATT | Americas networks | Doc precision | 0.5%–7% | 2–5 days | $500K | Americas |
| TD (Canada) | TDOMCATT | North America | Conservative terms | 0.5%–7% | 2–5 days | $500K | Americas |
| UniCredit (Italy) | UNCRITMM | EU industrials | Detailed LC text | 0.6%–7% | 2–6 days | $750K | Europe |
| Santander (Spain) | BSCHESMM | EU/LatAm bridge | Higher scrutiny | 0.6%–7% | 2–6 days | $750K | Europe/LatAm |
| Bank of China (Mainland) | BKCHCNBJ | Global China network | Strict LC wording | 0.5%–7% | 2–6 days | $1M | Asia |
| ICBC (China) | ICBKCNBJ | Large projects | Longer approvals | 0.5%–7% | 3–7 days | $1M | Asia |
| China Construction Bank (HK) | CCBQHKAX | HK gateway | Formal docs | 0.5%–7% | 2–6 days | $750K | Asia |
| PG Asia Investment Bank (MY) | AINEMY22 | APAC agility | Recognition varies | 0.5%–7% | 2–5 days | $250K | APAC |
| Dushanbe City Bank (TJ) | LCMDTJ22 | Frontier markets | Lower visibility | 0.5%–8% | 3–7 days | $250K | Central Asia |
| Asia Pacific Investment Bank (MY) | ASPMMYKL | Growing APAC | Less EU acceptance | 0.5%–7% | 2–5 days | $300K | APAC |
| Standard Commerce Bank (USA) | STDMDMDMXXX | Americas corridors | Complex KYC | 0.5%–8% | 2–6 days | $500K | Americas |
| Credit Foncier IM UND Export GmbH (DE) | CFEGDE82 | EU structuring accuracy | Slower non-EU | 0.6%–8% | 2–7 days | $500K | Europe |
| Unibanque (UK) | UNBQGB22 | SME-friendly | Strong documentation | 0.5%–7% | 2–6 days | $500K | UK |
| Tabarak Investment Capital (UAE) | TIBIAEADXXX | MENA exports | DD intensive | 0.5%–8% | 2–6 days | $300K | MENA |
| Golden Touch Investment Bank | GTIVMT2LXXX | Private structuring | Lower recognition | 0.5%–6% | 2–5 days | $250K | Global |
| Al-Amanah Islamic Investment Bank (PH) | AIIPPHM1XXX | Sharia-compliant | Limited global reach | 0.5%–8% | 2–7 days | $250K | APAC |
| Point Bank (UK) | POITGB21 | Agile & flexible | Newer institution | 0.5%–7% | 2–5 days | $250K | UK |
| ABC Banking Corporation (MU) | ABCKMUMU | Africa/SME friendly | Currency limits | 0.5%–7% | 2–5 days | $250K | Africa/IO |
Secure MT705 / MT700 Intake
All submissions are encrypted in transit. We may decline files that present elevated compliance or reputational risk.
Client Reviews (10)
L. Messaoud — MENA Steel ★★★★★
“Pre-advice landed in 24h; production started on time.”
C. Wang — HK Trading ★★★★★
“MT705 wording aligned perfectly with the final MT700.”
A. Rossi — EU Textiles ★★★★★
“Advising bank validated intent; no surprises later.”
S. Patel — Bharat Agro ★★★★☆
“Small amendment handled swiftly. Great coordination.”
T. Ndlovu — SA Mining ★★★★★
“Shipment windows matched our rail slots exactly.”
J. Brown — NA Retail ★★★★★
“Clear checklist. We avoided document discrepancies.”
D. Kim — KR Energy ★★★★★
“Confirmation pathway set from day one.”
M. Silva — LatAm Grains ★★★★★
“Port and carrier clauses were spot-on.”
N. El-Said — Levant Cement ★★★★★
“Pre-advice eased supplier anxiety and sped packing.”
E. Novak — CE Machinery ★★★★★
“ISBP coaching saved us a costly re-presentation.”
Frequently Asked Questions (15)
1) Is MT705 binding like an LC?
No. MT705 is an advisory notice that an LC is intended; payment obligation arises with the MT700 LC.
2) Why send a pre-advice instead of going straight to MT700?
To align early on structure, shipment windows, documents, and bank routing—reducing amendments and delays.
3) How long between MT705 and MT700?
Commonly 1–5 business days if KYC and draft wording are ready; complex cases can take longer.
4) Can partial shipments be indicated?
Yes; the intent can be referenced in the pre-advice and finalized as field 43P = ALLOWED in the MT700.
5) Do we need confirmation at pre-advice stage?
You can state intent; actual confirmation is arranged on the MT700 (and/or via reimbursement MT740 if applicable).
6) What are common pitfalls?
Vague shipment periods, unclear docs list, mismatched Incoterms, and unassigned charges (71B).
7) Can an MT705 be amended?
Yes via a subsequent message, but it’s usually better to perfect the MT700 draft to avoid churn.
8) What KYC is needed?
Corporate docs, ownership, key IDs, bank statements (as needed), and transaction rationale to satisfy AML/sanctions screening.
9) What if the buyer’s bank delays the MT700?
We escalate with the issuer, verify conditions, and if needed, consider alternate issuing banks.
10) Is MT705 useful for tenders?
Yes—pre-advice demonstrates banking intent while the final LC is readied post-award.
11) Can MT705 include expiry info?
It can reference intended expiry; the binding expiry is defined on the MT700.
12) Which bank chooses the advising bank?
Typically the issuing bank; beneficiaries may state preferences acceptable to the issuer.
13) Do Incoterms matter at pre-advice stage?
Absolutely—they drive transport/insurance documents and should be consistent with the final LC.
14) What fees apply for MT705?
Pre-advice fees are often embedded in LC issuance costs; some banks charge separately. We disclose fees upfront.
15) Do you support ESG/Impact transactions?
Yes. We can align terms to project KPIs and engage appropriate banks/insurers for sustainable trade.
Compliance & Standards
All cases undergo KYC/AML & sanctions screening. Pre-advice and LC wording align to issuer policy and corridor requirements. We may decline engagements with elevated compliance or reputational risk.
💡 Why Choose NNRV Trade Partners for Your MT705 Pre-Advice LC?
🔹 Expert Trade Finance Advisory: Guidance on structuring secure LC transactions.
🔹 Global Banking Network: Secure trade deals with leading financial institutions.
🔹 Fast & Efficient Processing: Rapid MT705 issuance, communication and approval.
🔹 Custom Financing Solutions: Tailored to meet your specific trade needs.
🔹 End-to-End Transaction Support: From LC pre-advice ( MT705 ) to final payment execution ( MT700 ) and compliance.
🤝 Why Choose NNRV for MT705 Services?
🔒 100% SWIFT Coverage – We issue across 40+ countries via top banks 💰 Trade Structuring Expertise – We help tailor your LC from pre-advice to full MT700 🔢 Fast Turnaround – MT705 can be issued in as fast as 24h 🔮 Total Compliance – Aligned with UCP 600 + banking due diligence 🔗 End-to-End Execution – From MT705 to MT700 and payout📈 MT705 in Action
-
🧠 « Our supplier in India started production as soon as the MT705 arrived. Saved 10 days on our timeline. » — R. Kojo, Electronics Importer.
-
🧠 « Reliable and fast. The pre-advice gave us a real edge in negotiations. » — Amira B., Commodities Trader
❓ Frequently Asked Questions
- Is the MT705 binding like an LC? No, it’s a pre-advice notice—not the final LC—but confirms the LC will follow.
- Can production begin after MT705 is received? Yes. It gives sellers enough assurance to begin manufacturing.
- How fast can I receive a Pre-Advice MT705? Usually within 24–48h once your bank application is approved.
- Does MT705 follow international compliance rules? Yes, it is aligned with SWIFT messaging standards and UCP 600 practices.
- Do all banks accept MT705? Most major banks do. We guide you through bank-specific practices.