Bank payment obligation: Difference between revisions
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imported>Martin ODonovan (Create new page for BPO) |
imported>Modonovan (Add link to ICC rules for BPO) |
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==External links== | ==External links== | ||
http://www.treasurers.org/node/9201 Treasurer article on BPO, July 2013 | http://www.treasurers.org/node/9201 Treasurer article on BPO, July 2013 | ||
http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bnak payment Obligation (URBPO) | |||
[[Category:Payment_and_Clearing_Systems]] | [[Category:Payment_and_Clearing_Systems]] | ||
Revision as of 08:45, 16 July 2013
A bank payment obligation or BPO constitutes an irrevocable undertaking given by a bank to another bank that payment will be made on a specified date after a specified event has taken place.
External links
http://www.treasurers.org/node/9201 Treasurer article on BPO, July 2013
http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bnak payment Obligation (URBPO)
