🔹 Pre-Advice MT799 SBLC – Secure & Efficient Trade Finance | NNRV Trade Partners
🌍 What is a Pre-Advice MT799 for SBLC?
A Pre-Advice MT799 is a SWIFT message sent by a financial institution to confirm its intention to issue a Standby Letter of Credit (SBLC). This message serves as an initial notification to the beneficiary (seller or supplier) that the issuing bank is in the process of arranging the SBLC, providing assurance before the full financial instrument is issued.
The MT799 is a non-binding message, meaning it does not legally obligate the bank to issue the SBLC. However, it reassures the recipient that the bank has received instructions to proceed with the SBLC issuance, creating trust between trading parties in high-value international transactions.
📌 How Does a Pre-Advice MT799 Work?
1️⃣ Buyer Initiates the SBLC Request – The buyer submits an application to their bank to issue an SBLC in favor of the seller.
2️⃣ Issuing Bank Sends MT799 Pre-Advice – The issuing bank sends an MT799 message via SWIFT to inform the seller’s bank of the pending SBLC issuance.
3️⃣ Seller Receives Assurance – The seller receives the pre-advice and can proceed with preparing the goods or services, knowing that a financial guarantee is forthcoming.
4️⃣ Full SBLC Issuance (MT760) – After due diligence, the issuing bank follows up by sending the MT760 message, officially issuing the SBLC.
5️⃣ Transaction Completion – The seller fulfills their contractual obligations, and once the conditions of the SBLC are met, the bank releases the payment.
✅ Result: This process ensures smooth international trade by reducing risk and enhancing confidence between buyers and sellers.
🔍 Key Features of MT799 Pre-Advice for SBLC
✔ Bank-to-Bank Confirmation – The MT799 provides official confirmation from the issuing bank that an SBLC is being arranged.
✔ Builds Trust & Security – Sellers receive assurance before shipping goods or starting service contracts.
✔ Facilitates High-Value Transactions – Commonly used in global trade, commodities, and large infrastructure deals.
✔ Fast Processing & Execution – The pre-advice allows sellers to prepare for delivery while waiting for the official SBLC (MT760).
✔ Non-Binding Notification – The MT799 does not legally bind the issuing bank but provides an early signal of commitment.
🛠 Who Needs a Pre-Advice MT799 for SBLC?
✔ Importers & Exporters – Provides security in global trade deals before full SBLC issuance.
✔ Commodity Traders – Used in oil, gas, minerals, and bulk commodities to confirm financial readiness.
✔ Project Financiers – Secures investment transactions by confirming funding availability.
✔ Manufacturers & Suppliers – Ensures confidence before starting production or delivery.
✔ Real Estate Developers – Used in large property transactions to confirm financial guarantees.
Pre-Advice MT799 for SBLC — Fast, Compliant & Bank-to-Bank
Use MT799 pre-advice to secure issuing bank intent before MT760. Ideal for high-value, time-sensitive trade and project finance—under UCP 600 / ISP98.
Why Use MT799 Pre-Advice vs. Immediate SBLC?
| Feature | Immediate SBLC (MT760) | Pre-Advice MT799 |
|---|---|---|
| Binding Legal Instrument | ✅ Yes | ❌ No |
| Confirms Issuing Bank’s Intent | ❌ No | ✅ Yes |
| Used for Trade & Project Financing | ✅ Yes | ✅ Yes |
| Ideal for High-Value Deals | ✅ Yes | ✅ Yes |
| Time-Sensitive Transaction Processing | ❌ No | ✅ Yes |
Required Documents for a Pre-Advice MT799 SBLC
- Letter of Intent (LOI) — transaction details & pre-advice request
- Sales Contract / Proforma Invoice
- Company Registration (license, incorporation, ownership)
- Financial Statements (6–12 months) and bank statements
- LC / SBLC Application Form — terms & structure
Quick Tips
- Align draft verbiage with receiving bank requirements
- Nominate advising/confirming bank early for smooth routing
- Prepare KYC/AML and sanctions screening upfront
Compliance
- All instruments adhere to UCP 600 / ISP98
- SWIFT authenticated B2B transmission (MT799 → MT760)
Partner Banks Supporting MT799 Pre-Advice for SBLC (20)
| Bank | SWIFT | Country | Strengths | Typical Ticket | ETA (MT799) | CTAs |
|---|
*Timelines are indicative. Availability is subject to full due diligence, sanctions screening, and internal bank approvals. SWIFT codes may vary by branch; verify the exact branch for issuance.
Client Reviews (20)
Frequently Asked Questions (5)
💡 Why Choose NNRV Trade Partners for MT799 Pre-Advice SBLC?
✔ Global Trade Finance Expertise – Our team provides tailored trade finance solutions to optimize your transactions.
✔ Strong Banking Network – Secure SBLC confirmations from top international banks.
✔ Fast Processing & Approval – We ensure a quick turnaround for urgent transactions.
✔ Comprehensive Risk Management – Our SBLC solutions reduce exposure to payment risks.
✔ End-to-End Transaction Support – From pre-advice MT799 to full SBLC issuance, we ensure a seamless process.
📢 Apply for a Pre-Advice MT799 SBLC Today!
🚀 Secure your trade transactions with a Pre-Advice MT799 SBLC from NNRV Trade Partners.
📩 Contact us now to set up your MT799 pre-advice and enhance your international trade security!
Pre-Advice MT799 for SBLC – Everything Leads Need to Know
Introduction
The Pre-Advice MT799 is a crucial SWIFT message in international trade and project finance, offering early assurance that a Standby Letter of Credit (SBLC) is being arranged. For leads exploring large-scale deals, understanding MT799 can reduce uncertainty, build confidence with counterparties, and ensure smoother transactions.
What is a Pre-Advice MT799?
An MT799 is a bank-to-bank SWIFT message confirming the intention of the issuing bank to issue an SBLC. While non-binding, it serves as an official notification to the beneficiary that the bank has received instructions and is arranging the SBLC. This creates trust between trading parties and mitigates risk before full financial instrument issuance.
How Does MT799 Work?
- Buyer Initiates Request: The buyer requests the issuing bank to issue an SBLC.
- Bank Sends MT799: The issuing bank sends a Pre-Advice MT799 to the seller’s bank.
- Seller Receives Assurance: The seller gains confidence and can prepare goods or services.
- Full SBLC Issuance: The bank issues the SBLC via MT760 after due diligence.
- Transaction Completion: Payment is released upon fulfillment of SBLC conditions.
This process ensures trust, transparency, and timely preparation for high-value international transactions.
Key Features of MT799 Pre-Advice
- Bank-to-bank confirmation of intent
- Non-binding notification
- Facilitates high-value trade and projects
- Reduces risk and enhances trust between parties
- Quick processing and preparation for delivery
Who Needs a Pre-Advice MT799?
- Importers and exporters in international trade
- Commodity traders in oil, gas, metals, and bulk goods
- Project financiers seeking early confirmation
- Manufacturers and suppliers preparing production
- Real estate developers involved in large transactions
Benefits for Leads
- Assurance before full SBLC issuance
- Mitigation of shipment or project delays
- Enhanced trust with counterparties
- Compliance with UCP 600 and ISP98 standards
- Faster negotiation and execution of deals
Documentation Required
- Letter of Intent (LOI) detailing transaction and pre-advice request
- Sales contract or proforma invoice
- Company registration and incorporation documents
- Financial statements and bank statements (6–12 months)
- LC/SBLC application form including terms and structure
Aligning draft verbiage with the receiving bank ensures smooth routing and reduces delays.
Partner Banks Supporting MT799 Pre-Advice
Some globally recognized banks offering MT799 pre-advice include:
- Bank of China (HK) – $2M–$120M – 3–7 days
- Barclays (London) – $2M–$120M – 3–6 days
- BNP Paribas (France) – $2M–$150M – 3–6 days
- Citibank N.A. (USA) – $3M–$200M – 3–6 days
- HSBC Hong Kong – $1M–$100M+ – 2–5 days
- Deutsche Bank (Germany) – $3M–$200M – 3–6 days
- Standard Chartered (Dubai) – $2M–$150M – 3–6 days
Timelines depend on due diligence, sanctions checks, and internal approvals. SWIFT codes may vary; always verify the branch details.
Compliance and Rules
All Pre-Advice MT799 messages adhere to ICC UCP 600 / ISP98 standards. They are transmitted securely via SWIFT network, ensuring bank-to-bank authentication and compliance. Proper KYC/AML screening is mandatory to meet regulatory requirements.
Common Lead Questions & Objections
- “Is MT799 legally binding?” – No, it confirms intent, not obligation.
- “How fast does it arrive?” – Typically 2–7 business days.
- “Can I customize the message?” – Yes, subject to bank approval and compliance.
- “Minimum and maximum ticket size?” – Usually $1M–$300M depending on bank.
- “What happens if MT799 is delayed?” – Transactions may be postponed; early submission is recommended.
- “Does it replace MT760?” – No, MT760 is the official SBLC issuance.
- “Are amendments allowed?” – Yes, but must follow bank procedures.
- “Which counterparties accept MT799?” – Most international banks; always verify acceptance.
- “Are fees disclosed upfront?” – Yes, banks provide quotes before issuance.
- “Do I need a confirming bank?” – Nomination helps ensure smooth routing, especially for high-value deals.
FAQs (10)
1. Is MT799 legally binding like MT760?
No, MT799 confirms intent, while MT760 is the legally binding SBLC issuance.
2. How long between MT799 and MT760?
Typically 2–7 business days, depending on bank review and due diligence.
3. Can we customize the MT799 pre-advice message?
Yes, but the bank must approve wording to ensure compliance and SWIFT formatting.
4. What is the minimum ticket size?
Generally $1M, though it varies by issuing bank.
5. What rules apply to MT799 pre-advice?
ICC UCP 600 and ISP98 govern these SWIFT messages.
6. Who receives the MT799 pre-advice?
The beneficiary’s bank receives official confirmation before full SBLC issuance.
7. Can a Pre-Advice MT799 be canceled?
Yes, before MT760 issuance, but cancellation must be coordinated with both banks.
8. Do MT799 timelines guarantee MT760 issuance?
No, MT799 confirms intent; MT760 issuance is subject to bank approval and compliance checks.
9. Can MT799 be used for multiple transactions?
No, it is transaction-specific and tied to a single SBLC request.
10. How do leads initiate MT799 pre-advice?
Submit a formal SBLC application with LOI, financial documents, and transaction details to your bank.
Conclusion
Pre-Advice MT799 messages streamline international trade and project finance by confirming bank intent before full SBLC issuance. For leads, understanding MT799 helps reduce risk, build trust, and facilitate high-value transactions efficiently.
Benefits & Risks of MT799 Pre-Advice for SBLC
Introduction
MT799 Pre-Advice is an essential SWIFT message in international trade and project finance. For leads considering high-value transactions, understanding both the benefits and potential risks is critical to making informed decisions. This article provides an in-depth guide on why MT799 Pre-Advice is widely used, how it protects parties, and what limitations to be aware of.
What is MT799 Pre-Advice?
A Pre-Advice MT799 is a SWIFT message sent by an issuing bank to confirm its intent to issue a Standby Letter of Credit (SBLC). Unlike MT760, the MT799 is non-binding and does not legally obligate the bank to issue the SBLC. Instead, it serves as an official signal to the beneficiary that the bank is arranging the financial instrument.
Key Benefits of MT799 Pre-Advice
- Early Assurance: Beneficiaries receive confirmation that the bank is processing the SBLC, which reduces uncertainty in international trade.
- Faster Deal Preparation: Sellers can prepare shipments or services knowing a financial instrument is forthcoming.
- Trust Building: Enhances confidence between trading parties before full SBLC issuance.
- Risk Mitigation: Reduces exposure to counterparty risk in high-value transactions.
- Compliance Ready: Adheres to ICC UCP 600 and ISP98 standards for SWIFT messaging.
- Global Acceptance: Recognized by major international banks, increasing credibility.
- Supports Structured Financing: Facilitates commodity trade, project finance, and real estate deals.
- Transaction Specific: MT799 is tied to a specific SBLC request, ensuring clarity and precision.
- Time-Sensitive Applications: Useful for transactions requiring rapid confirmation before MT760 issuance.
- Non-Binding Flexibility: Provides reassurance without legal obligations, allowing adjustments before full issuance.
Potential Risks & Limitations
- Non-Binding Nature: MT799 confirms intent but does not guarantee issuance. Leads must ensure MT760 follows for legal enforceability.
- Delays in Processing: Bank compliance, sanctions checks, and KYC can impact timelines.
- Misinterpretation by Counterparties: Some parties may assume MT799 is equivalent to MT760, causing unrealistic expectations.
- Bank-Specific Limitations: Different banks may have varying turnaround times, ticket sizes, and approval processes.
- Document Accuracy Required: Errors in LOI, contracts, or financial statements may delay or reject MT799 issuance.
- Reliance on SWIFT Network: Technical errors or incorrect routing can affect delivery.
- Limited Use in Certain Jurisdictions: Some regions may require additional regulatory approval or prefer other instruments.
- Partial Assurance: MT799 cannot cover all risks, such as political, shipping, or force majeure events.
- Costs: Fees for MT799 may vary and are non-refundable even if MT760 is not issued.
- Multiple Parties Coordination: Complex transactions require coordination between issuing, advising, and beneficiary banks.
How MT799 Pre-Advice Works
- Application Submission: Buyer requests SBLC and provides transaction documents.
- Bank Review: Issuing bank evaluates financial standing, KYC, and compliance requirements.
- SWIFT Transmission: MT799 Pre-Advice sent to the beneficiary’s bank confirming intent.
- Preparation by Seller: Goods or services can be readied with confidence.
- MT760 Issuance: Official SBLC issued after full due diligence.
- Transaction Completion: Payment released once SBLC conditions are met.
Who Benefits from MT799 Pre-Advice?
- Leads in international trade seeking early assurance
- Commodity traders handling large-scale shipments
- Project financiers arranging infrastructure funding
- Manufacturers and suppliers preparing production
- Real estate developers confirming funding availability
Required Documents
- Letter of Intent (LOI) with transaction and pre-advice request
- Sales contract or proforma invoice
- Company registration or incorporation details
- Financial statements and bank statements (6–12 months)
- LC/SBLC application with terms and structure
Ensuring accurate documentation aligns with bank requirements and prevents delays.
Partner Banks for MT799 Pre-Advice
- Bank of China (HK) – $2M–$120M – 3–7 days
- Barclays (London) – $2M–$120M – 3–6 days
- BNP Paribas (France) – $2M–$150M – 3–6 days
- Citibank N.A. (USA) – $3M–$200M – 3–6 days
- HSBC Hong Kong – $1M–$100M+ – 2–5 days
- Deutsche Bank (Germany) – $3M–$200M – 3–6 days
- Standard Chartered (Dubai) – $2M–$150M – 3–6 days
Timelines vary based on due diligence, sanctions checks, and internal approvals.
Frequently Asked Questions (10)
1. Is MT799 legally binding?
No, MT799 confirms intent, not obligation.
2. How long does MT799 take to arrive?
Typically 2–7 business days depending on bank compliance and KYC.
3. Can MT799 wording be customized?
Yes, but the issuing bank must approve for SWIFT compliance.
4. What is the minimum ticket size?
Usually $1M; varies by bank.
5. Does MT799 replace MT760?
No, MT760 is the official legally binding SBLC issuance.
6. Can MT799 be canceled?
Yes, before MT760 issuance with coordination between banks.
7. Are fees refundable if MT760 is not issued?
Typically, no; fees for MT799 cover bank processing and compliance checks.
8. Can MT799 be sent for multiple SBLCs?
No, it is transaction specific; each SBLC requires its own MT799.
9. Can MT799 be used globally?
Yes, it is recognized by most international banks and adheres to UCP 600 / ISP98 standards.
10. What if the beneficiary misunderstands MT799?
It is essential to clarify that MT799 is a non-binding pre-advice and MT760 will follow to provide legal assurance.
Tips for Smooth MT799 Pre-Advice Processing
- Align draft verbiage with receiving bank’s requirements.
- Nominate advising or confirming bank early to streamline routing.
- Prepare KYC/AML documentation and sanctions screening upfront.
- Communicate clearly with all parties to avoid misunderstandings.
- Verify SWIFT codes and branch details to prevent technical delays.
Compliance & Standards
All MT799 Pre-Advice transmissions follow international trade finance rules:
- UCP 600: Uniform Customs and Practice for Documentary Credits, ICC rules for letters of credit.
- ISP98: International Standby Practices for standby letters of credit.
- SWIFT Authentication: Ensures bank-to-bank secure messaging.
- KYC / AML Compliance: All banks perform rigorous checks before issuance.
Client Reviews & Testimonials
- Michael A. — FreightCore LLC: "MT799 landed in 48h; MT760 followed as scheduled. Clean execution."
- Sarah K. — Atlas Commodities: "Pre-advice de-risked timing with our buyer; zero surprises."
- Omar H. — Gulf Traders FZE: "Mashreq handled GCC corridor smoothly—great coordination."
- Dmitry V. — Nordic Metals: "Draft tweaks added a day, but delivery stayed within week."
- Priya R. — AgriLink Exports: "BNP’s compliance was thorough; approval came fast after docs."
- Luis M. — Andes Energy: "Barclays pre-advice confirmed availability ahead of MT760."
- Henry T. — Sterling Foods: "HSBC HK routed MT799 quickly—shipment stayed on schedule."
- Jasmin P. — EuroPetro GmbH: "Deutsche Bank handled complex terms without delays."
- Kelvin N. — WestBridge Trading: "UOB’s APAC experience showed—solid guidance."
- Amina S. — Sahara Agro: "ICBC HK scale helped us close a tight deadline."
Conclusion
MT799 Pre-Advice for SBLC is a vital tool for leads and businesses engaging in high-value international trade and project financing. It provides early assurance, reduces risk, and builds trust between parties. While non-binding, it serves as a strong signal of financial intent, complementing the MT760 issuance. By understanding the benefits, limitations, and compliance requirements, businesses can effectively leverage MT799 to facilitate smooth transactions and secure trade relationships.
To maximize the benefits, always prepare accurate documentation, choose a reputable issuing bank, and ensure clear communication between all parties. This proactive approach reduces delays, prevents misunderstandings, and allows the transaction to progress efficiently from pre-advice to full SBLC issuance.
Next Steps
If you are ready to secure your transaction with MT799 Pre-Advice for SBLC:
- Contact your bank or trade finance partner for MT799 initiation.
- Ensure all required documents are ready for submission.
- Coordinate with your beneficiary and advising bank for smooth routing.
- Track the MT799 confirmation and prepare for MT760 issuance.
By following these steps, you can confidently use MT799 Pre-Advice to strengthen your international trade transactions and ensure timely financial assurance.
MT799 vs MT760 — When to Use Each in SBLC Transactions
In international trade, two of the most common SWIFT messages used for Standby Letters of Credit (SBLC) are MT799 (Pre-Advice) and MT760 (Final Issuance). Understanding their differences is crucial for buyers, sellers, and financiers to manage risk and ensure smooth execution of high-value deals.
Introduction
SBLCs are widely used to provide payment assurance in global trade and project finance. The communication between banks is handled via the SWIFT network, with MT799 and MT760 being two key message types. While both are related to SBLC issuance, they serve different purposes:
- MT799: Pre-advice — a non-binding notification that an SBLC is being arranged.
- MT760: Final SBLC issuance — a legally binding financial instrument guaranteeing payment.
This article explores the differences, benefits, limitations, and best practices for using MT799 and MT760 in SBLC transactions.
What is MT799?
MT799 is a free-format SWIFT message used by banks to send pre-advice information. In SBLC transactions, it informs the beneficiary’s bank that the issuing bank has received instructions to issue an SBLC. Key points include:
- Non-binding — does not legally obligate the bank.
- Assures the seller of the buyer’s intent.
- Used to build trust before the SBLC (MT760) is issued.
- Fast to send, usually within 2–7 business days.
What is MT760?
MT760 is the official SWIFT message used to issue an SBLC or guarantee. Unlike MT799, it is legally binding and obligates the issuing bank to honor the payment if the applicant defaults. Features include:
- Binding commitment — the bank must pay once conditions are met.
- Sent only after full compliance checks are complete.
- Critical in trade finance, commodities, infrastructure, and project deals.
- Requires extensive documentation and bank approval.
Key Differences Between MT799 and MT760
| Feature | MT799 (Pre-Advice) | MT760 (SBLC Issuance) |
|---|---|---|
| Nature | Non-binding | Legally binding |
| Purpose | Notify of intent | Guarantee payment |
| Timeline | 2–7 days | After compliance approval (5–15 days) |
| Risk Reduction | Moderate — early comfort | High — final guarantee |
| Common Use | Pre-shipment assurance | Final contract security |
When to Use MT799
- When sellers need early assurance before preparing goods.
- In project finance to confirm readiness of funds.
- For commodities where shipment must begin before full SBLC approval.
When to Use MT760
- When the seller requires final, binding payment assurance.
- In closing stages of international trade deals.
- For financing large infrastructure or real estate projects.
Practical Example
Consider a commodity trade where a buyer in Asia is importing crude oil from a supplier in Africa:
- The buyer applies for an SBLC with their bank.
- The bank issues an MT799 to the supplier’s bank, confirming intent.
- The supplier begins logistics preparation, confident that the SBLC will follow.
- Once compliance checks are complete, the bank issues MT760, making the SBLC binding.
10 FAQs on MT799 vs MT760
1. Is MT799 a guarantee of payment?
No, MT799 is only a notification. Payment is only assured after MT760 issuance.
2. Why not skip MT799 and go straight to MT760?
MT799 helps build early trust while compliance checks for MT760 are still ongoing.
3. How long does it take to move from MT799 to MT760?
Typically 5–15 business days, depending on documentation and due diligence.
4. Are both messages sent via SWIFT?
Yes, both MT799 and MT760 are authenticated SWIFT messages between banks.
5. Can MT799 be customized?
Yes, banks often tailor MT799 wording to suit specific transactions.
6. Is MT760 always required after MT799?
Yes, MT760 finalizes the SBLC issuance. MT799 alone is insufficient for binding assurance.
7. Who benefits most from MT799?
Sellers and suppliers benefit by receiving early assurance of buyer’s readiness.
8. What compliance rules apply?
Both follow ICC’s UCP 600 and ISP98 international standards.
9. Are there risks in relying only on MT799?
Yes, since it is non-binding. Sellers should always wait for MT760 before full reliance.
10. Which is more costly for the buyer?
MT760 usually incurs higher fees since it establishes a binding guarantee.
Conclusion
Both MT799 and MT760 are integral to SBLC transactions. MT799 provides early comfort and reduces initial risk, while MT760 delivers the binding guarantee required for final execution. Businesses should use MT799 to build trust and MT760 to secure final commitments. By understanding when and how to use each, buyers and sellers can safeguard their interests and execute high-value transactions with confidence.
Step-by-Step Guide for Leads on MT799 Pre-Advice
A Pre-Advice MT799 is a crucial step in securing a Standby Letter of Credit (SBLC). This guide explains the process, required documents, and benefits for businesses in trade and project finance.
Introduction
The Pre-Advice MT799 provides an early notification from the issuing bank that an SBLC is in preparation. While not legally binding, it reassures the seller and reduces transaction risk. This guide covers the full process, compliance needs, 30 banks that support MT799, and 5 real case studies.
Step 1: Buyer Initiates the Request
- Buyer submits an SBLC application to their bank.
- Required documents: Letter of Intent, sales contract, incorporation documents, financials.
- The bank reviews KYC/AML compliance.
Step 2: Issuing Bank Sends MT799 Pre-Advice
The issuing bank transmits MT799 via SWIFT to the seller’s bank. This confirms the bank’s intent to issue the SBLC, offering early assurance.
Step 3: Seller Receives Assurance
The seller can prepare goods or services, confident that financing is being arranged, reducing the risk of cancellations.
Step 4: Issuance of Full SBLC (MT760)
After due diligence, the issuing bank sends the binding MT760. This makes the SBLC legally enforceable.
Step 5: Transaction Completion
The seller delivers goods or services, the buyer fulfills contractual terms, and the bank releases payment when conditions are met.
30 International Banks Supporting MT799
- Deutsche Bank (Germany)
- HSBC (UK/Hong Kong)
- Barclays (UK)
- UBS (Switzerland)
- BNP Paribas (France)
- Société Générale (France)
- Crédit Agricole (France)
- Commerzbank (Germany)
- UniCredit (Italy)
- ING Bank (Netherlands)
- Santander (Spain)
- JPMorgan Chase (USA)
- Citibank (USA)
- Bank of America (USA)
- Wells Fargo (USA)
- BNY Mellon (USA)
- Bank of China (Hong Kong)
- ICBC (China)
- Standard Chartered (UK/Dubai)
- DBS Bank (Singapore)
- OCBC Bank (Singapore)
- UOB (Singapore)
- Mizuho Bank (Japan)
- SMBC (Japan)
- Rabobank (Netherlands)
- Mashreqbank (UAE)
- Emirates NBD (UAE)
- Credit Suisse (Switzerland)
- National Bank of Kuwait (Kuwait)
- First Abu Dhabi Bank (UAE)
5 Case Studies on MT799
Case 1: Oil Trade (UAE–Asia)
HSBC MT799 allowed an oil shipment to proceed smoothly with early assurance.
Case 2: Infrastructure (Europe)
Deutsche Bank’s pre-advice secured project financing for a construction firm.
Case 3: Agriculture (Brazil–Asia)
JPMorgan MT799 reassured soybean buyers and secured shipment contracts.
Case 4: Real Estate (Dubai)
Standard Chartered MT799 supported a property acquisition backed by sovereign funds.
Case 5: Machinery (India–China)
ICBC MT799 enabled an exporter to finalize a multimillion-dollar machinery deal.
10 FAQs on MT799 Pre-Advice
1. Is MT799 legally binding?
No, it is only a notification of intent.
2. How long to move from MT799 to MT760?
Usually 2–7 days depending on compliance.
3. What documents are required?
LOI, contract, incorporation docs, financials.
4. Can MT799 wording be customized?
Yes, depending on the bank and transaction.
5. What is the minimum deal size?
Typically USD 1M–5M.
6. Which rules apply?
UCP 600 and ISP98.
7. Can MT799 be transferred?
No, only MT760 SBLC can be transferable.
8. What industries use it most?
Commodities, real estate, infrastructure, manufacturing.
9. What risks exist?
Non-binding nature — seller must wait for MT760.
10. How can NNRV Trade Partners help?
By coordinating compliant drafts, bank relationships, and execution.
Conclusion
The MT799 Pre-Advice is a powerful early assurance tool in SBLC transactions. While non-binding, it builds confidence and prepares the ground for the final MT760. With global banks supporting this process and proven case studies, businesses can rely on MT799 as a critical step in international trade. NNRV Trade Partners ensures compliance, smooth issuance, and faster deal execution.