Obligor Bank: Difference between revisions
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:03, 10 February 2020
Definition
Obligor Bank. In a bank payment obligation (BPO) transaction, the obligor financial institution is the issuer of a BPO and is obligated to settle it at maturity when the BPO conditions have been fulfilled through a data match.
