Bank payment obligation: Difference between revisions
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==Other links== | ===Other links=== | ||
*[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July 2013] | *[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July 2013] | ||
Revision as of 09:25, 11 May 2015
(BPO).
A bank payment obligation is a payment instrument that automates the payment of trade transactions.
It is an irrevocable undertaking of the importer’s bank to pay a specified amount to the exporter’s bank when it receives notification of a data match from an independent data matching service.
See also
