50+ corporate relationships live on BPO We were able to share - - PowerPoint PPT Presentation
50+ corporate relationships live on BPO We were able to share shipping documents with BNPP electronically and in a matter of hours we received confirmation that they were fine. In terms of ease of working, its very positive, and we
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Michael Van Steenwinkel Global Credit Manager BP Petrochemicals
Source: Global Trade Review
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Exporter
and agreement on BPO
Importer Mining industry Commodity / Agriculture industry
Obligor bank Recipient bank
baseline
data sets
Previously through documentary Credit
in escrow
First multibank BPO transaction under URBPO rules in Europe BPO Parties involved in the transaction
The objective of this BPO was to replace an existing SBLC
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2 days
Test phase
Baseline submitted with BPO conditions
BPO request
D
Baseline established
BPO accepted
D+1
Data set received Mismatch
D+3
Mismatch acceptance
BPO due
D+3
Payment
Invoice due date
BPO increases loyalty between commercial parties and provides the expected operational efficiency for BP Aromatics
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Financing structure under a deferred payment BPO as designed by TEB and Unicredit allows ZF to support TEMSA by offering longer payment terms
First BPO Financing transaction under URBPO rules in Europe BPO Parties involved in the transaction
The objective of this BPO was to replace open account transaction