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Commerzbank makes its BPO debut

Following intensive preparations, Commerzbank has successfully processed the first two live transactions supported by a Bank Payment Obligation (BPO), one for a German SME and one for an international group based in Belgium.  The news highlights the growing importance of the BPO in international trade, but also that the instrument is still in its formative stages in Europe.

Following Moorgate’s outreach, the news was picked up by: gtnews, FTSE Global Markets, Finextra, The Asset, TMI, TXF, FX-MM, Trade FinanceTrf News, TFR, Global Banking & Finance Review and Financial IT.

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