What is field Field 23: Reference to Pre-Advice?
Field 23: Reference to Pre-Advice is a field in MT 700 swift message type that is used only if the documentary credit has been pre-advised. 

 





























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MT 700 
Field 23: Reference to Pre-Advice
USAGE RULES
This field must contain the code PREADV followed by a slash '/' and a reference to the pre-advice, eg, by date.




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  • Field 23: Reference to Pre-Advice :

  • This field specifies if the documentary credit has been pre-advised.
  • A preliminary advice of the issuance of a credit or amendment ("pre-advice") shall only be sent if the issuing bank is prepared to issue the operative credit or amendment. An issuing bank that sends a pre-advice is irrevocably committed to issue the operative credit or amendment, without delay, in terms not inconsistent with the pre-advice.


Sample Field 23: Reference to Pre-Advice
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