Bank payment obligation: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
mNo edit summary
(Classify page.)
 
(13 intermediate revisions by 3 users not shown)
Line 1: Line 1:
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.
''Cash management and trade finance.''


(BPO).


==Other links==
A bank payment obligation is an instrument that automates the payment of trade transactions. 
*[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July-August 2013]  
 
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]]
 
 
==Other resource==


*[http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)]
*[http://www.iccwbo.org/About-ICC/Policy-Commissions/Banking/Task-forces/Bank-Payment-Obligation-(BPO)/ International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)]


[[Category:Payment_and_Clearing_Systems]]
[[Category:Financial_products_and_markets]]

Latest revision as of 23:52, 23 January 2024

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


Other resource