pre-advice

(banking/letters of credit) At the request of an applicant to a letter of credit, the issuing bank may give a pre-advice of issuance and/or amendment of the letter of credit. A pre-advice is usually marked with a reference such as “Full details to follow.” Unless otherwise stated, the pre-advice irrevocably commits the issuing bank to issue/amend the credit in a manner consistent with said pre-advice. See letter of credit; advice; advising bank; issuing bank; amendment.

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