Recipient bank: Difference between revisions

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==Other resources==
==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:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:The_business_context]]

Latest revision as of 23:50, 23 January 2024

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


Other resource