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Bank Payment Obligation (BPO) using electronic documents

28/04/2015 To date, BPO transactions have been completed based on the submission of data extracted from paper documents.

On 17 April, essDOCS announced the successful conclusion of the first BPO transaction involving the completely electronic submission of data. For details Click Here

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Recent News

Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

Latest Question

We received a credit that required an ACID NR to be shown on all documents. EUR.1 is among the documents required and is issued by the customs authorities and signed by the beneficiary. But the customs authority use a QR code as a signature and its name appears underneath. The ACID number is written on a sticker affixed into EUR.1 but not authenticated by customs authority with their stamp and signature. Does the customs authority have to authenticate the sticker? We raised a discrepancy like so but the beneficiary objected claiming that this case is not in the scope of ISBP821 paragraph A7. We will appreciate your opinion.