Recipient bank

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

• Bank payment obligation
• Data matching
• Obligor bank
• Transaction matching application

Other resource

• International Chamber of Commerce Uniform Rules for Bank payment Obligation (URBPO)