Bank payment obligation: Difference between revisions
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imported>Doug Williamson m (ACT Website link added 2/10/13 & change of title for consistency) |
imported>Doug Williamson mNo edit summary |
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==Other links== | ==Other links== | ||
[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July-August 2013] | *[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July-August 2013] | ||
[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:Payment_and_Clearing_Systems]] | ||
Revision as of 13:38, 2 October 2013
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.
