SBLC Pre-Advice via SWIFT MT799 | Bank Comfort Letters | NNRV Trade Partners
✔ Accelerate deals with bank-verified MT799 pre-advice before MT760 issuance / 48-hour standard delivery | Accepted by 90% of counterparties / 500M
⚠️ Losing deals while waiting for full SBLC issuance?
A Singaporean commodity trader recently secured a $175M wheat shipment using our MT799 pre-advice – the buyer released goods before MT760 delivery.
🧠 « The MT799 broke the stalemate – our seller needed bank confirmation to start production. NNRV delivered the pre-advice in 36 hours. »
— Trade Finance Director, Agri-Export Group
What is an MT799 Pre-Advice?
A SWIFT MT799 is a bank-to-bank message confirming:
The issuing bank’s intent to issue an SBLC
Key terms (amount, beneficiary, expiry)
The irrevocable commitment to follow with MT760
✅ Key Advantages:
Faster than full SBLC issuance (48h vs 5-7 days)
Lower initial costs
Maintains deal momentum
Verifiable through SWIFT network
When to Use MT799 Pre-Advice
| Scenario | Benefit | Typical Users |
|---|---|---|
| Urgent deal closing | Secures transaction before full documentation | Commodity traders |
| Project kickstart | Allows work to begin before full SBLC | Construction firms |
| Tender submissions | Meets bid deadlines | Infrastructure developers |
| Relationship building | Establishes banking credibility | New market entrants |
Our MT799 Issuance Network
| Bank Tier | Delivery Time | Message Strength | Follow-up MT760 Guarantee |
|---|---|---|---|
| Top 50 Global Banks | 24-48h | High credibility | 100% assured |
| Regional Development Banks | 48-72h | Medium credibility | 95% assured |
| Specialty Trade Banks | 24h (Rush) | Requires confirmation | 90% assured |
(🔔 MT799s from AA-rated banks command 30% faster acceptance)
MT799 vs MT760 Comparison
| Feature | MT799 Pre-Advice | MT760 SBLC |
|---|---|---|
| Format | Free-form message | Standardized LC format |
| Binding | Bank’s promise to issue | Irrevocable obligation |
| Cost | 0.5-1.5% of fee | Full SBLC fees |
| Speed | 24-72 hours | 5-10 business days |
| Acceptance | 85-90% of cases | 100% |
The MT799 Process
Document Submission (Day 1)
Completed application
KYC documents
Transaction summary
Bank Matching (Day 1)
Select issuing bank
Agree message wording
MT799 Drafting (Day 2)
Compliance review
Beneficiary approval
SWIFT Transmission (Day 2-3)
MT799 sent
Receiving bank verification
MT760 Follow-Up (Within 5 days)
Full SBLC issuance
MT799 automatically canceled
Critical MT799 Components
- Field 20: Transaction Reference
- Field 21: Related Reference (Future MT760)
- Field 79: Narrative Including: – Amount + Currency – Beneficiary – Proposed Terms – Expiry Date – Issuance Timeline
(We optimize field 79 wording for maximum acceptance)
Case Study: $92M Steel Transaction
Challenge:
Russian buyer needed immediate proof of SBLC capability to secure Turkish mill allocation
Solution:
MT799 from UBB Investment Bank within 28h
Included unique mill-specific clauses
Result:
Production started 5 days before MT760 arrival
Deal saved from competing bid
FAQ
Q: Can MT799 be used as final payment guarantee?
A: No, it’s a pre-advice only – always requires MT760 follow-up
Q: What’s the risk of rejection?
A: <5% when using our approved bank network
Q: How long is MT799 valid?
A: Typically 5-10 days until MT760 issuance
Q: Can we get MT799 without full KYC?
A: No, all issuers require complete compliance
Why NNRV for MT799?
✔ Proven Templates that maximize acceptance
✔ Direct Relationships with MT799-friendly banks
✔ Seamless Transition to MT760
✔ 24/7 Message Tracking
[📥 Download MT799 Application Pack]
[📞 Contact Pre-Advice Specialists]