Tag Archive: bank payment obligation

The top trends in finance today: Commerzbank’s Enno-Burghard Weitzel interviewed by The Banker

In a video interview filmed at the recent Sibos conference, The Banker‘s Joy Macknight asked Enno-Burghard Weitzel, head product management trade services at Commerzbank, for his take on the top trends in finance today, including progress on blockchain, the value of the bank payment obligation (BPO) and the rise of sustainable trade.



Digitalisation a “sleeping giant”: Commerzbank’s Angela Koll cited on the future of trade finance in TMI Magazine

Where’s next for the digitalisation of trade finance? Angela Koll, Commerzbank’s Specialist Trade & Supply Chain Finance, shares her thoughts in the latest edition of TMI Magazine, but warns that innovation in the industry could take time to spread. Find out more in “Waking the Sleeping Giant? The Potential for Trade Finance Transformation“.



Austria’s first BPO: Commerzbank’s landmark transaction covered by the specialist press

Commerzbank has reached a milestone in the digitalisation of the trade finance industry, having processed the first Bank Payment Obligation (BPO) deal in Austria. A BPO allows the automatic release of funds between banks based on the matching of electronic data. Companies are increasingly recognising the benefits of the trade instrument, which include faster communication …

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Commerzbank’s Angela Koll discusses the rise of the BPO in Treasury Today

In an interview with specialist financial publication, Treasury Today, Angela Koll, Vice President, Specialist Trade & Supply Chain Finance at Commerzbank, sets out the reasons why banks and companies are making ever greater use of the ‘Bank Payment Obligation’ (BPO). A BPO is a digitalised trade instrument that electronically matches data on trades, invoices and …

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Commerzbank’s first BPO transaction between China and Germany makes its mark on the specialist press

The Bank Payment Obligation (BPO) transaction covered the export of chemicals from China to Germany. The buyer, and Commerzbank’s client, was chemicals company TRIGON Chemie GmbH, based in Schlüchtern, near Frankfurt. The seller’s bank was the Industrial and Commercial Bank of China (ICBC) in Beijing. Transactions between the two were previously handled by documentary collection. …

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