Tag: bank payment obligation

The bank payment obligation (BPO) is often seen as an earlier effort to digitise trade finance, but it may still have a role to play even as blockchain trade platforms mushroom every month

The Asia-Pacific operation of a major Japanese carmaker just completed a US-dollar bank payment obligation transaction with Al-Sayer.

Corporate treasurers must play a crucial role in getting capital to flow smoothly along supply chains

After pioneering Middle East’s first automotive BPO, Al-Sayer’s group treasurer explains why he wants to do more.

BHP Billiton and Cargill have shifted an entire bulk trade and payment transaction into a first time four-corner bank payment obligation with ANZ, Westpac, and an essDocs electronic bill of lading.

The development of the bank payment obligation is faltering - flaws are preventing the valuable tool from becoming a mainstream play.

Turkish packaging company, Köksan, is the latest corporate to adopt bank payment obligations in a transaction with PTT.

To be successful, electronic trade presentation must be globally adopted and Australian institutions are pushing the scrum.

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.

Swift has recently published research providing up-to-date details on those running bank payment obligations. At present, 25 corporates are involved in live transactions.

PTT Polymer Marketing Company, a Thailand-based petrochemical marketing and distribution company, has installed a bank payment obligation (BPO) programme.