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Typographical errors revisited
In an earlier blog, we highlighted that poorly prepared
documents can have a severe detrimental impact on a transaction, leading (at
best) to delays in settlement...
Is there a need for BPO 2.0?
Looking back through old files can be quite
Uniform Rules for Bank Payment Obligations (URBPO)
The URBPO (ICC Publication 750) were
unanimously adopted during the April 2013 meeting of the Banking Commission...
BPO: an introduction
A Bank Payment Obligation (BPO)
is an irrevocable and independent undertaking
given by an Obligor Bank (typically the Buyer's Bank) to a Recipient Bank (the
Seller's Bank) to pay a specified amount on an agreed date under the condition
of a successful electronic matching of data according to the Uniform Rules for
Bank Payment Obligations (URBPO), ICC Publication No...