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SWIFT release latest data regarding market adoption of the BPO
18/04/2014
SWIFT have released the latest data concerning bank adoption of the BPO together with an update of the live transactions. Details can be found in the following presentation
http://www.swift.com/assets/corporates/documents/business_areas/trade_bpo_market_adoption.pdf
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Latest Question
Under a transferable credit the first beneficiary is allowed to substitute only invoice and draft. If the first beneficiary only substitutes its own drafts for those of the second beneficiary but does not substitute its own invoices, after the issuing bank receives the documents, how to describe the discrepancy? A. The second beneficiary invoices presented I/O the first beneficiary invoices. B. The beneficiary invoices not presented. C. Presented invoices not issued by the beneficiary and not made out to the applicant.
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