Tag: bpo

The first-ever factoring BPO is evidence against the argument BPOs are a tool developed by bankers, for banker’s interests only.

Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to substantially reduce days sales outstanding.

Cargill is increasing it use of electronic bills of lading [E B/Ls] to include agricultural shipments from South America. It also has designs for usage in Asia.

CT outlines the key findings from its inaugural trade finance and risk management benchmarking survey

UR BPO rules have been unanimously approved by the ICC clearing the way for the first multi-bank, automated deal to occur.

As India’s tax watchdog tightens its grip on transfer pricing, Vijay Iyer, Ernst and Young’s partner and national leader of transfer pricing, offers in-depth advice on dealing with regulatory uncertainties.

New rules outlining the practice for bank payment obligation (BPO) have been written and will be enforceable in July. Although a handful of BPOs have already been transacted, lack of guidelines prevented many bankers from using the supply chain tool.

After rifling through a bag-full of submissions, CT has selected ten trade finance transactions that represent the best in client management, innovation and sensible risk awareness.

David Vermylen, global credit manager of BP Chemicals, on his BPO deals and on what he expects from E-document presentation in 2013.

The progress of Bank Payment Obligations was the hot issue at this year’s Sibos, but its slow progress is causing consternation.

BPO receipts reached a total of $9 billion for the 12-month period ending July this year. According to the Business Processing Association of the Philippines, BPO business could account for 9% of the country's GDP by 2016.

CT talks to David Vermylen, global credit manager, petrochemicals, at BP and Ashutosh Kumar (pictured), global head of trade product development at Standard Chartered about BP’s decision to conduct a unique end-to-end automated trade finance transaction.