RWA Letters: Bank Readiness Policy & Real Options
RWA Letters: Bank Readiness Linked to Issuance
- * Importers preparing LCs against firm cargo
- * Exporters seeking comfort before shipment
- * Contractors arranging APGs or performance guarantees
- * Traders securing time-sensitive allocations
- * Final LC, SBLC, or guarantee wording is agreed
- * KYC approved and internal credit cleared
- * Issuance date scheduled within a short window
- * MT799 pre-advice referencing the operative MT700 or MT760
- * Issuer readiness letters that mirror final wording
- * Follow-on issuance and confirmation where required
Readiness options at a glance
| Option | Purpose | When used | Delivery |
|---|---|---|---|
| MT799 pre-advice | Bank-to-bank notice that an LC, SBLC, or guarantee will be issued on stated terms | Wording is final and issuance is scheduled | SWIFT MT799 with reference to MT700 or MT760 |
| Issuer readiness letter | Formal letter confirming readiness and the planned issue window | Counterparty accepts bank letters in addition to SWIFT | Signed on issuer letterhead and delivered as instructed |
| Follow-on issuance | Operative LC, SBLC, or guarantee sent within the agreed window | Immediately after pre-advice as scheduled | SWIFT MT700 or MT760 with advising or confirmation as planned |
Underwriting and controls
- * Full KYC and sanctions screening completed
- * Operative draft agreed line by line under UCP 600, ISP98, or URDG 758
- * Issuer approvals in place and fees funded
- * Counter-indemnity and margin where required
- * Evidence of cargo, contract, or milestone schedule
- * Collection accounts or delivery controls where applicable
- * SWIFT MT799 for pre-advice
- * Signed bank letter where permitted by counterparty
- * Operative MT700 or MT760 issued within the agreed window
Information required
- * Applicant and beneficiary names and addresses
- * Amount, currency, expiry, and issue window
- * Goods or contract summary and Incoterms where relevant
- * LC under UCP 600, SBLC under ISP98, or guarantee under URDG 758
- * Advising or confirming bank details if applicable
- * Text to be mirrored in the readiness message
- * SWIFT BIC for the beneficiary bank or delivery instructions for letters
- * Schedule for operative issuance after pre-advice
- * Portal or courier requirements if any
Process to readiness and issuance
KYC cleared and operative text agreed. Issuance window and delivery method confirmed. Fees and margin settled.
Issuer sends MT799 or a signed readiness letter that mirrors the final instrument and states the issue window.
MT700 LC, MT760 guarantee, or ISP98 standby issued within the agreed window with advising or confirmation as planned.
RWA and pre-advice FAQ
A formal statement that the issuing bank is ready to issue an LC, SBLC, or guarantee on defined terms within a fixed window. It is not a payment undertaking.
Does readiness replace the LC, SBLC, or guaranteeNo. The operative instrument closes the transaction. Readiness provides early comfort and alignment on timing.
Validity is set in the message and aligned to the issue window. If timing changes, an updated message is sent.
Can the message be amendedYes. Amendments are issued when terms or dates change before the operative instrument is sent.
Request a readiness message aligned to your issuance
Share the operative draft, beneficiary bank details, and the target issue window. We will respond with terms, a draft message, and a checklist to issue on time.
Request RWA or Pre-AdviceWe act as an arranger on a best efforts basis through regulated partners. Eligibility depends on KYC and AML, sanctions screening, legal review, and issuer approval. Readiness letters and pre-advice are not payment undertakings and are followed by the operative instrument.
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