Bank payment obligation and Expiry date: Difference between pages

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(BPO).
The final date that an option holder can purchase or sell an underlying security/commodity.


A bank payment obligation is a payment instrument that automates the payment of trade transactions. It is an irrevocable undertaking of the importer’s bank to pay a specified amount to the exporter’s bank when it receives notification of a data match from an independent data matching service.
== See also ==
* [[Option holder]]
   


==Other links==
*[http://www.treasurers.org/node/9201 Payment Pledge, The Treasurer, July 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)]
[[Category:Payment_and_Clearing_Systems]]

Revision as of 14:19, 23 October 2012

The final date that an option holder can purchase or sell an underlying security/commodity.

See also


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