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Home > Solutions > Bank Payment Obligation (BPO)


FinShare Overview     |     Bank Payment Obligation (BPO)     |     Supplier Finance (Reverse Factoring)     |     Receivables Finance     |     Factoring     |
Purchase Order Financing     |     Asset Based Lending (ABL)     |     Risk Participation     |     Document Preparation (DocPrep)     |     Customer Onboarding (COB)

What is BPO?

A BPO is an irrevocable undertaking given by one bank to another bank that payment will be made on a specified date after a specified event has taken place. This ‘specified event’ is evidenced by a ‘match’ report that has been generated by SWIFT’s Trade Services Utility (TSU) or any equivalent matching application.
  FinShare Suite Illustration
BPO Benefits
BPOs enable banks to mitigate the risks associated with international trade to the benefit of both buyers and sellers. They facilitate financing propositions across the supply chain, from pre-shipment to post-shipment. It is an assurance of payment to the seller similar to that obtained under a confirmed letter of credit.
FinShare BPO Product Highlights
  •    Fully supports the SWIFT TSU and standard ISO20022 TSMT messages as per ICC URBPO.
  •    Offers its own matching engine for reconciling data, which is ideal for
    intra-bank transactions.
  •    Connects easily with corporate ERP systems via industry standard interfaces or enterprise buses.
  •    Promotes STP (straight through processing) with fully digitalized and automated end to end flow.
  •    Offers distinct processing streams for import and export transactions.
  •    Notifications (i.e. email, SMS) alert Users to discrepancies, exceptions, etc.
  •    Generates reports for banks and corporates including transaction status, analysis, history, etc.
  •    Works seamlessly with other FinShare modules for both pre- and post-shipment financing options.
  •    For both BPO and financing transactions, bank and party limits are monitored and controlled via a comprehensive risk management subsystem.
  •    The application is multi-currency and multi-lingual.
FinShare BPO – SWIFT Certified Application
Premium Technology's FinShare BPO has been awarded the official status of a SWIFT Certified Application – Supply Chain Finance. We have issued a press release with further details which can be found via PR Newswire here.

For more information on SWIFT Certified Applications,
please visit the SWIFT Partners page.
  FinShare Suite Illustration

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