12.3.3 MT 705 Pre-Advice of a Documentary Credit
This message is sent by the issuing bank to the advising bank.
It is a brief advice of a documentary credit, the full details of which will follow.
The pre-advice is not an operative credit instrument. Unless otherwise stated, the issuing bank must forward the operative credit instrument, that is MT 700 Issue of a Documentary credit, without delay.
Maximum Length: 2000
When an Advising Bank receives this message, the system creates a Pre-advice Export LC contract automatically through STP processing.
Parent topic: Documentary Credits