Final hurdle cleared for BPOs to take off

UR BPO rules have been unanimously approved by the ICC clearing the way for the first multi-bank, automated deal to occur.

By Clipper

Apr 29, 2013

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If developing a new trade finance tool was like competing in a multi-stage athletic competition, Bank Payment Obligations (BPOs) would have swum, cycled and hurdled, but they have yet so far to run.

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