Bank Payment Obligation (BPO)
Bolero supports the new Bank Payment Obligation (BPO) instrument by providing a range of complementary services for exporters and banks that make the BPO more accessible and cost effective, and deliver a higher return on investment for all participants.
Key to real world usage of the BPO is adoption of an electronic Bill of Lading (eBL) solution in transactions where a paper version of this significant piece of trade documentation is utilised. Without accelerating the Bill of Lading, the full benefits of the BPO may never be realised. This is particularly the case where the Bill of Lading is used as the trigger for BPO settlement.