What is Field 57a: 'Advise Through' Bank ?
Field 57a: 'Advise Through' Bank is a field in MT 700 swift message type that identifies the bank, if different from the Receiver, through which the documentary credit is to be advised/confirmed to the beneficiary.
 





























.
letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.

  • Field 57a: 'Advise Through' Bank :

  • This field identifies the bank, if different from the Receiver, through which the documentary credit is to be advised/confirmed to the beneficiary.
  • According to current letter of credit rules advising bank means the bank that advises the credit at the request of the issuing bank.
  • According to current letter of credit rules a credit and any amendment may be advised to a beneficiary through an advising bank. An advising bank that is not a confirming bank advises the credit and any amendment without any undertaking to honour or negotiate.
  • According to current letter of credit rules an advising bank may utilize the services of another bank ("second advising bank") to advise the credit and any amendment to the beneficiary. A bank utilizing the services of an advising bank or second advising bank to advise a credit must use the same bank to advise any amendment thereto. If a bank is requested to advise a credit or amendment but elects not to do so, it must so inform, without delay, the bank from which the credit, amendment or advice has been received.

Sample Field 57a: 'Advise Through' Bank
Keywords :'Advise Through' Bank , mt 700 swift, Standards MT Messages Implementation Guidelines - Swift, SWIFT MT700 codes, SWIFTStandards - Category 7 - Documentary Credits, What is swift mt 700 in banking, MT 700 sender definately is a LC issuing bank, MT 700 Series, Complete MT700, MT700 codes, Mt700 swift format in doc, MT700 or MT760 or ISO 20022

Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution.                                                                                         | Privacy Policy |Hi, my name is Ozgur Eker (CDCS). You can connect with me either via my contact form or Google Plus.
MT 700 
Field 57a: 'Advise Through' Bank :
DEFINITION
This field identifies the bank, if different from the Receiver, through which the documentary credit is to be advised/confirmed to the beneficiary.