Obligor bank: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Add category.) |
(Remove out of date material.) |
||
| Line 14: | Line 14: | ||
==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]] | [[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
