Bank payment obligation

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Revision as of 08:45, 16 July 2013 by imported>Modonovan (Add link to ICC rules for BPO)
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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)

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