The ICC Guide to the Uniform Rules for Bank Payment Obligations closely examines the ways in which the three critical components of standards, platform and rules must interact and complement one another in order to facilitate the successful completion of a BPO transaction.
It explains workflow in detail and provides examples of how a Bank Payment Obligation may be applied in practice to support a variety of customer value propositions, enabling corporates to take full advantage of a host of bank-assisted open account solutions designed to optimise the management of the cash conversion cycle and of working capital.
This manual is designed not only to guide practitioners in their interpretation of the Uniform Rules for Bank Payment Obligations but also to provide substance to the practical application of the BPO in the context of real life business scenarios. It is a vital reference for anyone involved in financial supply chain transactions and for students of international commerce.
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