Bank payment obligation

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Revision as of 13:37, 2 October 2013 by imported>Doug Williamson (ACT Website link added 2/10/13 & change of title for consistency)

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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.

Other links

Payment Pledge, The Treasurer, July-August 2013

International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)

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Payment and Clearing Systems

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