Bank payment obligation: Difference between revisions
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imported>Modonovan (Add link to ICC rules for BPO) |
imported>Charles Cresswell No edit summary |
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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 Payment Pledge] 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 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 | |||
[[Category:Payment_and_Clearing_Systems]] | [[Category:Payment_and_Clearing_Systems]] | ||
Revision as of 20:45, 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
- Payment Pledge Treasurer article on BPO, July 2013
- International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)
