As the Bank Payment Obligation (BPO) is a new trade finance instrument and is not viewed as a competing instrument to the traditional documentary instruments such as the LC. Many questions have been asked about BPO and comparisons made between the LC and the BPO. These two documents – FAQs for Corporates
and FAQs for Banks
– are prepared by the ICC BPO Education Group to alleviate confusion and provide clear answers for both sectors.