Bank payment obligation and Passport: Difference between pages

Revision as of 11:56, 12 August 2016

European Economic Area (EEA) - financial services.

The right of financial services firms in the EEA to carry on permitted activities in other EEA states.

@@ Line 1: / Line 1: @@
-(BPO).
+''European Economic Area (EEA) - financial services.''
-A bank payment obligation is a payment instrument that automates the payment of trade transactions.
+The right of financial services firms in the EEA to carry on permitted activities in other EEA states.
-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 ==
-==See also==
+* [[European Economic Area]]
-* [[Letter of credit]]
+* [[Passporting]]
+* [[Single Market]]
-===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:Cash_management]]
-[[Category:Trade_finance]]