Bank Payment Obligation (BPO) from SWIFT Supports Trade
- Date:June 21, 2013
- Author(s):
- Patricia McGinnis
- Research Topic(s):
- Commercial & Enterprise
- PAID CONTENT
Overview
Except in particularly risky circumstances, world trading partners have almost abandoned the traditional, document-intensive letter of credit. Open account is the prevailing method, despite the risks to suppliers. The BPO gives both buyers and suppliers improved protection and gives banks a potential route back into trade finance.
Book a Meeting with the Author
Related content
Faster Funds by Fiat: A Global Comparison of Payment Timing Regulations
Governments want big businesses to pay suppliers faster, and they are using legislation to influence payment timing, with varying degrees of success. This report categorizes the ma...
2025 Commercial Payments Year in Review
The 2025 Commercial Payments Year in Review report distills the headline stories in commercial payments, from stablecoins moving into the mainstream and agentic AI entering network...
2026 Commercial & Enterprise Trends
Commercial payment providers are strategically reimagining their infrastructure, pricing, sales, and risk management strategies. This strategic flexibility ensures they purpose-fit...
Make informed decisions in a digital financial world