Uniform Rules for Bank Payment Obligations

Product Description

ICC’s URBPO are the first-ever Uniform Rules for Bank Payment Obligations (BPOs), a 21st century standard in supply chain finance that governs Bank Payment Obligations transactions worldwide.

BPOs enable banks to mitigate the risks associated with international trade to the benefit of both buyers and sellers. They enable flexible financing propositions across the supply chain, from pre-shipment to post-shipment.

BPO benefits include:

• Mitigating risks in international trade for buyers and sellers alike
• Speed, reliability, convenience
• Reduced costs and improved accuracy
• Enhanced risk management
• Assurance of payment
• Access to flexible financing
• Securing the supply chain