Bank payment obligation: Difference between revisions
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imported>Doug Williamson (Added linl) |
imported>Doug Williamson (Added link) |
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* [[Letter of credit]] | * [[Letter of credit]] | ||
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*[[Transaction matching application]] | *[[Transaction matching application]] | ||
Revision as of 14:58, 20 April 2016
(BPO).
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
