Obligor bank: Difference between revisions
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imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
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Revision as of 14:14, 20 June 2016
Bank payment obligations (BPOs).
In a BPO, the obligor bank issues the BPO and is obliged to settle it at maturity when the BPO conditions have been met through a data match.
The buyer's bank is the 'obligor bank' under the BPO.
See also
