Bank payment obligation: Difference between revisions
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imported>Doug Williamson (Expand. Source: Global supply chain finance forum.) |
imported>Doug Williamson (Identify trade finance and cash management context.) |
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''Cash management and trade finance.'' | |||
(BPO). | (BPO). | ||
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==See also== | ==See also== | ||
* [[Cash management]] | |||
* [[Letter of credit]] | * [[Letter of credit]] | ||
*[[Data matching]] | *[[Data matching]] | ||
*[[Obligor bank]] | *[[Obligor bank]] | ||
*[[Recipient bank]] | *[[Recipient bank]] | ||
*[[Trade finance]] | |||
*[[Transaction matching application]] | *[[Transaction matching application]] | ||
*[[URBPO]] | |||
Revision as of 18:33, 3 September 2018
Cash management and trade finance.
(BPO).
A bank payment obligation is an instrument that automates the payment of trade transactions.
It is an irrevocable undertaking of a buyer's bank to pay a specified amount to the seller's bank, when it receives notification of a data match from an independent data matching service.
The buyer's bank is the 'obligor bank' under the BPO.
The seller's bank is the 'recipient bank'.
See also
- Cash management
- Letter of credit
- Data matching
- Obligor bank
- Recipient bank
- Trade finance
- Transaction matching application
- URBPO
