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Tag: bank payment obligations

How the BPO helped Vale slash its DSO

How the BPO helped Vale slash its DSO

Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to substantially reduce days sales outstanding.
Sep 16, 2013
UR BPO rules to go live; 50 banks on board

UR BPO rules to go live; 50 banks on board

New rules outlining the practice for bank payment obligation (BPO) have been written and will be enforceable in July. Although a handful of BPOs have already been transacted, lack of guidelines prevented many bankers from using the supply chain tool.
Apr 22, 2013
Q&A: BP Chemicals

Q&A: BP Chemicals

David Vermylen, global credit manager of BP Chemicals, on his BPO deals and on what he expects from E-document presentation in 2013.
Feb 18, 2013
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