Recipient bank: Difference between revisions
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imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
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Revision as of 14:17, 20 June 2016
Bank payment obligations (BPOs).
In a BPO, the recipient bank receives the BPO and is entitled to receive money under it at maturity when the BPO conditions have been met through a data match.
The recipient bank receives the money on behalf of its client, the seller.
See also
