To combat the risk of open account terms and facilitate trade, the International Chamber of Commerce (ICC) and SWIFT recently developed and launched the Bank Payment Obligation (BPO) as a new international standard for trade transactions. Mercator Advisory Group discusses the new instrument and its potential benefits for trade finance.
ICC and SWIFT’s Bank Payment Obligation Instrument Reduces Risk of Trade Financing Default
$2,950.00
Author: Amy Hoke
Published on: January 9, 2014
