Obligor bank: Difference between revisions

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===Other links===
==Other resource==
*[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)]
*[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:Long_term_funding]]

Latest revision as of 23:49, 23 January 2024

Bank payment obligations (BPOs).

In a BPO, the obligor bank issues the BPO and is obliged to settle it at maturity when the BPO conditions have been met through a data match.

The buyer's bank is the 'obligor bank' under the BPO.


See also


Other resource