Swift: 25 corporates are running live BPOs
Apr 28, 2014
First ever Japan-Germany BPO is transacted
UniCredit and Bank of Tokyo Mitsubishi have completed the world's first bank payment obligation between Japan and Germany. Once the obligation was triggered, the seller in the transaction sold its receivables to UniCredit in order to reduce its days sales outstanding.
The first bank payment obligation (BPO) deal between Japan and Germany has been completed. Both UniCredit Bank and Bank of Tokyo-Mitsubishi UFJ were the intermediaries on the four-corner transaction that was made on October 10.
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