SWIFT MT-799 Pre-Advice

The SWIFT MT-799 Pre-Advice message is used in the financial and banking sectors to communicate intentions or preparations for a future financial transaction. It serves as a formal, non-binding notification between banks, ensuring all parties are aware of an upcoming financial instrument or arrangement, such as a letter of credit, bank guarantee, or payment undertaking.

1. Purpose: Communicates readiness to issue a financial instrument.
2. Non-Binding: Unlike guarantees or commitments, a pre-advice does not legally obligate the sender.
3. Usage: Commonly used in trade finance, private placements, or large-scale transactions to build confidence and transparency.