Bank payment obligation
Cash management and trade finance.
A bank payment obligation is an instrument that automates the payment of trade transactions.
It is an irrevocable undertaking of a buyer's bank to pay a specified amount to the seller's bank, when it receives notification of a data match from an independent data matching service.
The buyer's bank is the 'obligor bank' under the BPO.
The seller's bank is the 'recipient bank'.
- Cash management
- Letter of credit
- Data matching
- Obligor bank
- Recipient bank
- Trade finance
- Transaction matching application