Obligor bank

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

• Bank payment obligation
• Data matching
• Obligor
• Recipient bank
• Transaction matching application

Other resource

• International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)