Bank payment obligation: Difference between revisions
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(BPO). | (BPO). | ||
A bank payment obligation is | A bank payment obligation is an instrument that automates the payment of trade transactions. | ||
It is an irrevocable undertaking of | 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. | ||
Revision as of 09:15, 21 April 2016
(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.
See also
