NCBFAA



Uniform Rules for Bank Payment Obligations (URBPO)

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Uniform Rules for Bank Payment Obligations (URBPO)

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The first ever set of standards on Bank Payment Obligations have just been drafted jointly by SWIFT and the ICC.  URBPO lays out rules for payment between banks, a sort of letters of credit between these banks which seeks to establish uniformity of practice in the world market.

 

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

     

    Publication No. 750

    Paperback, 2013 Edition

    28 Pages

    Price : $35.00 (for members & non-members)

    ISBN: 978-92-842-0189-1

     

    IF YOU ARE PLANNING TO SHIP OUTSIDE OF THE U.S. (Canada, Mexico, Etc...), PLEASE DO NOT PROCEED WITH PURCHASE AND CONTACT THE NEI AT 202-466-0222 OR EDUCATION@NCBFAA.ORG IMMEDIATELY.
  • Author(s): ICC Banking Commission

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    Price: $35.00

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