Tag: urbpo

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

BP Petrochemicals transacted the first automated multi-bank bank payment obligation (BPO) over the last week of April for a Europe-centred transaction.

Part II of a case comparison of the latest advances in trade finance covers BPOs and eLCs. Are they mutually viable in the long-term?