Market adoption of the BPO: what is really holding it back?

Frank-Oliver Wolf

Global Head of Cash Management & International Business, Commerzbank at Commerzbank

One year on from the introduction of the ICC Uniform Rules on Bank Payment Obligation (URBPO), market adoption of the trade finance instrument has been fairly slow. According to the latest statistics from financial messaging provider, SWIFT, 25 corporates are reported to be using the BPO and 56 banks are in the process of adopting it.

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