Morris Review and Obligor bank: Difference between pages

Revision as of 11:00, 27 February 2020

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.

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-A review of the actuarial profession commissioned by the UK government subsequent to the Penrose Inquiry and submitted by Sir Derek Morris in 2005.
+''Bank payment obligations (BPOs)''.
-It chiefly concerned the regulation of the actuarial profession, but also set out some best practice recommendations for pension scheme trustees and made certain recommendations in connection with the UK Government Actuary’s Department.
+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 ==
-* [[Government Actuary's Department]]
-[[Category:Accounting,_tax_and_regulation]]
+==See also==
-[[Category:The_business_context]]
+*[[Bank payment obligation]]
+*[[Data matching]]
+*[[Obligor]]
+*[[Recipient bank]]
+*[[Transaction matching application]]
+===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:Long_term_funding]]
+[[Category:Cash_management]]