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Market adoption of Bank Payment Obligations

SWIFT are working very hard to promote BPOs. In their recent (31 October 2013) they describe BPOs as “Facilitating multi-banking in supply chain finance to mitigate payment risks and enable financing opportunities.”

Overall BPO position:

Source & Copyright©2013 -  SWIFT 

Banks live on BPO (with live transactions and one corporate case study):

Source & Copyright©2013 -  SWIFT 

Banks ready for live use of BPO (but with no love BPO transactions):

  • Bank al Etihad (Jordan)
  • Barclays
  • Byblos Bank (Lebanon)
  • Commercial Bank of Dubai
  • Commerzbank
  • Deutsche Bank
  • J.P. Morgan
  • Kasikornbank (Thailand)
  • RHB Bank
  • Standard Bank of South Africa
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • UniCredit.

There are 56 banking groups adopting BPO with 156 BIC8 and BIC11 in 42 countries.

Overall TSU position:
There are 83 banking groups reachable on SWIFT’s TSU (Trade Services Utility: a centralised matching and workflow engine) and those with multiple BIC8s on the TSU are:

Source & Copyright©2013 -  SWIFT 


For once SWIFT have downplayed the BPO progress, they describe it as ‘BPO adoption grows steadily’, it is far more than that. 

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