advice

(banking) The term “advice connotes several types of forms used on the banking field. Generally, an advice is a form of letter that acknowledges an activity or result with regard to a customer’s relations with a bank. Examples include credit advice, debit advice, advice of payment and advice of execution. In commercial transactions, information on a business transaction such as shipment of goods.
(banking/letters of credit) The forwarding of a letter of credit, or an amendment to a letter of credit to the seller, or beneficiary of the credit, by the advising bank (seller’s bank). See issuance; letter of credit; amendment.

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