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imported>Doug Williamson |
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| ''Bank payment obligations (BPOs)''.
| | Repeated transfers in which the debit and credit parties and transaction description remain the same and only the amount and date of the transfer changes. |
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| In a BPO, the recipient bank receives the BPO and is entitled to receive money under it at maturity when the BPO conditions have been met through a data match.
| | Also referred to as a template payment. |
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| The recipient bank receives the money on behalf of its client, the seller.
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| ==See also== | | ==See also== |
| *[[Bank payment obligation]] | | *[[Credit]] |
| *[[Data matching]] | | *[[Debit]] |
| *[[Obligor bank]] | | *[[Transfer]] |
| *[[Transaction matching application]]
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| ===Other links===
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| *[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July 2013]
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| *[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)]
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Revision as of 15:12, 28 March 2016
Repeated transfers in which the debit and credit parties and transaction description remain the same and only the amount and date of the transfer changes.
Also referred to as a template payment.
See also
