Bank payment obligation

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Revision as of 20:45, 16 July 2013 by imported>Charles Cresswell

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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

Payment Pledge Treasurer article on BPO, July 2013
International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)

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