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.
🔹 How Does an MT705 Pre-Advice Work?
1️⃣ Buyer Requests a Letter of Credit (LC) – The importer applies for an LC at their bank.
2️⃣ Issuing Bank Sends MT705 Pre-Advice – The bank notifies the beneficiary’s bank that an LC will soon be issued.
3️⃣ Seller Prepares Goods & Documents – The seller starts arranging shipments and required documentation with notice in hand, production and logistics commence.
4️⃣ Final LC Issuance (MT700) – The official Letter of Credit (MT700) is issued and sent to the seller.
5️⃣ Shipment & Payment – The seller ships the goods and submits documents for payment processing upon compliance.
🔍 Key Features of MT705 Pre-Advice LC
🔹 Bank-Issued Guarantee: Confirms an LC is being processed, giving sellers confidence in payment security.
🔹 Quick Verification: Allows the seller’s bank to confirm the LC’s authenticity before shipment to align early.
🔹 Optimized Trade Flow: Helps buyers and sellers align on logistics, production schedules, and financial planning.
🔹 Ensures Regulatory Compliance: Follows ICC UCP 600 trade finance standards.
📄 Who Benefits from MT705 Pre-Advice LCs?
✔ Importers & Exporters – Ensures both parties are aligned before the final LC is issued.
✔ Commodity & Raw Material Traders – Guarantees smoother supply chain management for bulk shipments.
✔ Manufacturers & Suppliers – Allows businesses to start production without financial risks.
✔ Financial Institutions & Banks – Enhances trade security and risk control for their clients.
📄 Required Documents for MT705 Pre-Advice LC Issuance
✔ Proforma Invoice / Sales Contract – Specifies trade terms and payment details.
✔ Buyer’s Credit Information – Verifies the buyer’s financial standing eligibility.
✔ Trade License & Company Documents – Confirms the operating legitimacy of the business.
✔ Bank Statements (Last 6 Months) – Demonstrates financial stability.
✔ Shipment & Delivery Terms – Agreed Incoterms-upon logistics planning details.
🏦 Partner Banks & Financial Institutions for MT705 Pre-Advice LC
We collaborate with top-tier banks and financial institutions for seamless MT705 LC pre-advice processing.
🔹 Our Trusted Banking Partners Include:
| Bank Name | SWIFT Code | Advantages | Disadvantages | Issuance Fees | Issuance Time | Min. Transaction | Region |
|---|---|---|---|---|---|---|---|
| HSBC Bank (Hong Kong) | HSBCHKHHXXX | Top-tier security & fast delivery | High compliance checks | 0.5% – 8% | 1–5 days | $1M | Global |
| BNP Paribas (France) | BNPAFRPP | Strong Europe-Asia trade network | May request additional due diligence | 0.5% – 7% | 2–6 days | $1M | Europe/Asia |
| Bank of China (Hong Kong) | BKCHHKHHXXX | Ideal for trade with Asia | Less flexibility for startups | 0.5% – 7% | 2–5 days | $1M | Asia |
| Mashreq Bank (UAE) | BOMLAEAD | Excellent for MENA trade | May require UAE-based business tie | 0.5% – 6% | 2–6 days | $500K | MENA |
| Standard Chartered (Dubai) | SCBLAEAD | Highly trusted in cross-border finance | High doc requirements | 0.5% – 7% | 2–6 days | $500K | Global |
| UOB Bank (Singapore) | UOVBSGSG | Fast APAC issuance | Limited to larger trade clients | 0.5% – 6% | 2–5 days | $1M | Asia |
| Credit Agricole (France) | AGRIFRPP | Trusted European financial group | Slower on complex LC types | 0.5% – 7% | 2–6 days | $1M | Europe |
Additional banks available upon request.
📢 All transactions comply with ICC’s UCP 600 international trade finance regulations.
📊 MT705 vs MT700 vs SWIFT Free Format
| Instrument | Binding LC? | Purpose | Best For |
| MT705 Pre-Advice | ❌ No | Advance notice LC is coming | Planning, coordination, assurance |
| MT700 LC | ✅ Yes | Actual Letter of Credit | Trade execution & payment |
| Free Format SWIFT | ❌ No | Custom bank-to-bank message | Simple confirmations or intents |
💡 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.
📖 Strategic Blog Posts
✅ « The Role of MT705 in Accelerating Global Trade »
✅ « MT705 vs MT700: Understanding the Difference »
✅ « How Pre-Advice LCs Boost Exporter Confidence in Africa »
🔧 Related Trade Finance Services
✉️ MT700 Letter of Credit
💸 SBLC – Standby Letter of Credit
🌎 Bank Guarantee
📅 RWA / Proof of Funds
🔢 LC Structuring & Amendments
🚀 Get Your MT705 Pre-Advice Today
Boost confidence. Accelerate trade. Simplify documentation.
📬 Contact NNRV Trade Partners now to issue your MT705 Pre-Advice LC.