Obligor bank: Difference between revisions
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==Other resource== | |||
*[http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)] | *[http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)] | ||
[[Category:Long_term_funding]] | |||
Latest revision as of 23:49, 23 January 2024
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
