Bank Payment Obligation
Bank Payment Obligation (BPO) is an inter-bank instrument to secure payments against the successful matching of trade data.
As per the Uniform Rules for Bank Payment Obligations, the Bank Payment Obligation means an irrevocable and independent undertaking of an Obligor Bank to pay or incur a Deferred Payment obligation and pay at maturity a specified amount to a Recipient Bank following Submission of all Data Sets required by an Established Baseline resulting in a Data Match or an acceptance of a Data Mismatch 
- URBPO, ICC Publ. No. 750E