The ICC will hold a public presentation of the new “Uniform Rules for Bank Payment Obligation” (URBPO; also referred to as the 'ICC BPO rules') on May 17th, in its headquarters in Paris. The ICC BPO rules will enable importers and exporters to involve their preferred banking partners in their trade transactions and get flexible risk and financing services. Based on standardized messaging and advanced transaction matching operated by SWIFT, this new instrument will accelerate the financial supply chain in support of ever accelerating physical supply chains.
For this official one-off launch, members of the ICC URBPO Drafting Group and Education Group will come together to give a full public presentation of the new rules, followed by an exclusive training session to offer a valuable insight into this new means of payment.
The training will:
