Bank payment undertaking (BPU) Buyers can optionally instruct their bank to provide a payment guarantee to the seller. The bank agrees to transfer a predetermined amount to the seller as soon as the agreed conditions have been met. A BPU constitutes an irrevocable and absolute obligation on the buyer's bank.
BPU financing Sellers can request financing from their bank and then assign the BPU to the bank. In order for the financing to be paid out, the agreed conditions must be fulfilled.
EVENT BASED PAYMENT TRIGGERS
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