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MT 799 PreAdvice Format

This document is a pre-advice message from a bank confirming they are ready to issue a bank guarantee letter of credit for €amount in favor of a client as beneficiary. The bank provides details of the transaction reference numbers, confirms the guarantee will be valid for 1 year and 1 day, cash-backed and transferable. The full text of the proposed bank guarantee is included, outlining terms such as the face amount, receiving/issuing banks, that payment will be made without deductions and the guarantee is freely transferable.

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Shiva Velchuri
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100% found this document useful (2 votes)
4K views3 pages

MT 799 PreAdvice Format

This document is a pre-advice message from a bank confirming they are ready to issue a bank guarantee letter of credit for €amount in favor of a client as beneficiary. The bank provides details of the transaction reference numbers, confirms the guarantee will be valid for 1 year and 1 day, cash-backed and transferable. The full text of the proposed bank guarantee is included, outlining terms such as the face amount, receiving/issuing banks, that payment will be made without deductions and the guarantee is freely transferable.

Uploaded by

Shiva Velchuri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FORMAT OF PRE-ADVICE

via MT799

-----------------------Instance Type and Transmission-----------------------


Notification (Transmission) of Original sent to SWIFT (ACK)
Network Delivery Status : Network ACK
Priority : Normal
Message Input Reference : XXXXXXXXXXXXXXXXXXXXXX
-------------------------------Message Header-------------------------------
Swift Input : FIN 799 Free Format Message
Sender : XXXXXXXX
XXXXXXXX
XXX XX
Receiver : XXXXXXXX
XXXXXXXX
XXX XX
--------------------------------Message Text--------------------------------
20: Transaction Reference Number
XXXXXXXXXXXXXXXXXXXX
21: Related Reference
XXXXXXXXXXXXXXXXXXXX
79: Narrative
DEAR SIR/MADAM,
.
PLEASE ADVICE THIS SWIFT IMMEDIATELY TO YOUR CLIENT, XXXXXXXXXXXX LIMITED
WITH ACCT NO. XXXXXXXXX IN YOUR BANK (“YOUR CLIENT”).
.
WE, XXXXXXXXXXXX BANK AT XXXXXXXXXXXXXXXXXXXXXX, WITH FULL BANKING
RESPONSIBILITY, HEREBY CONFIRM THAT WE ARE READY, WILLING AND ABLE TO ISSUE
AND DELIVER OUR BANK GUARANTEE VIA SWIFT MT760 IN FAVOR OF YOUR CLIENT,
XXXXXXXXXXXXXXX WITH ACCT. NO. XXXXXXXX, AS BENEFICIARY, WITH A VALIDITY OF
ONE (1) YEAR AND ONE (1) DAY SINCE DATE OF ISSUE, IN THE FACE AMOUNT OF
€XXXXXXXXXX (AMOUNT IN WORDS).
.
WE HEREBY CONFIRM THE BANK GUARANTEE IS CASH-BACKED AND IS TRANSFERABLE,
ASSIGNABLE AND UNCONDITIONALLY CALLABLE UPON MATURITY BY OUR BANK. TEXT OF
THE BANK GUARANTEE SHALL BE AS BELOW:
.
<QUOTE
BANK GUARANTEE NO.: XXXXXXXXXXXX
ISSUING BANK: XXXXXXXX
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
APPLICANT: XXXXXXXXXXXXXXXXXX
DATE OF ISSUE: XXXXXX
DATE OF MATURITY: XXXXXX
CURRENCY: EUROPEAN UNION CURRENCY
FACE AMOUNT: XXXXXXXXXXXXXX
.
RECEIVING BANK: XXXXXXXXXXXXXXXXXX
ADDRESS: XXXXXXXXXXXXXXXXXX
SWIFT CODE: XXXXXXXX
BANK OFFICER: XXXXXXXX
BENEFICIARY: XXXXXXXXXXXXXXXXXX
.
FOR VALUE RECEIVED, WE, (NAME & ADDRESS OF ISSUING BANK), HEREBY IRREVOCABLY
AND UNCONDITIONALLY, WITHOUT PROTEST AND NOTIFICATION, PROMISE TO PAY
AGAINST THIS BANK GUARANTEE TO THE ORDER OF (NAME OF BENEFICIARY), THE
BEARER OR HOLDER THEREOF, AT MATURITY THE SUM OF €XXXXXXXXXXX (AMOUNT IN
WORDS) IN THE LAWFUL CURRENCY OF EUROPEAN UNION, UPON SURRENDER AND
PRESENTATION OF THIS BANK GUARANTEE AT OUR OFFICE AT (ADDRESS OF ISSUING
BANK).
.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY
DEDUCTION OR CHARGE, FEE OR WITHOLDING OF ANY NATURE PRESENTLY OR IN THE
FUTURE IMPOSED, LEVIED, COLLECTED, WITHELD OR ASSESSED BY THE GOVERNMENT
OF (ISSUING COUNTRY) OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR
THEREIN.
.
THIS BANK GUARANTEE IS FREELY TRANSFERABLE, ASSIGNABLE AND DIVISIBLE WITHOUT
PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEE OR
CHARGE.
.
THIS BANK GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEE
AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, ICC
PUBLICATION NO. 758, 2010 REVISION.
.
THIS BANK GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF (ISSUING COUNTRY).
.
ALL BANKING CHARGES ARE FOR THE ACCOUNT OF APPLICANT.
.
THIS IS AN OPERATIVE INSTRUMENT AND NO FURTHER MAIL CONFIRMATION WILL
FOLLOW.

UNQUOTE>>
.
FOR AND ON BEHALF OF
(NAME AND ADDRESS OF ISSUING BANK)
COMPUTERIZED SIGNATURE OF AUTHORIZED BANK OFFICER #1
COMPUTERIZED SIGNATURE OF AUTHORIZED BANK OFFICER #2

-------------------------------Message Trailer-------------------------------

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