Landmark trade proves BPOs have value
Sep 30, 2013
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.
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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