News

SWIFT release details of first European multi-bank BPO transaction

26/02/2015

SWIFT today released a powerpoint presentation providing details of the first European multi-bank BPO transaction that occurred in 2014 and which won the TFR deal of the year for 2014. The parties involved were: BNP Paribas (Recipient Bank), BP Aromatics Ltd (Exporter), Turkiye Is Bankasi (Obligor Bank) and Koksan (Importer).

Details can be viewed in the following link: First European Multi-Bank BPO.pdf 


Back to recent news

Recent News

Results of ICC Survey regarding a possible revision of UCP and/or update to ISBP 821 12/02/2026

At the end of 2025, the ICC Banking Commission requested feedback from its members as to whether it was time for a revision of UCP 600 and/or an update to ISBP 821...more

Technical Advisory Briefing No. 17 - Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600 09/02/2026

The latest ICC Trade Advisory Briefing can be found in the following link: https://library...more