Bank payment obligation

Bank payment obligation (BPO) is a class of settlement solution in international supply chain finance. The solution is championed by SWIFT and the International Chamber of Commerce (ICC) Banking Commission as a means to move away from letter of credit schemes toward "support[ing] the development of a globally accepted standardised environment and establishment of the BPO as a neutral industry-wide practice".

Bank payment obligation

Bank payment obligation (BPO) is a class of settlement solution in international supply chain finance. The solution is championed by SWIFT and the International Chamber of Commerce (ICC) Banking Commission as a means to move away from letter of credit schemes toward "support[ing] the development of a globally accepted standardised environment and establishment of the BPO as a neutral industry-wide practice".