Bank-to-Bank Procedures check0 / 1 answered · 0 correct
Check 1
Was BPO simply another name for any MT799 payment undertaking?
BPO vs BPU
Understand the old Bank Payment Obligation framework and the broader BPU concept.
BPO
Bank Payment Obligation was a specific bank-to-bank undertaking linked to electronic data matching and ICC URBPO rules, historically associated with SWIFT’s Trade Services Utility.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
BPU
BPU is a broader payment-undertaking concept in current supply-chain-finance terminology and is not limited to the old BPO framework.
Technology change
SWIFT discontinued its TSU service after limited adoption. That historical change should not be described as “BPU replaced BPO by law.”
Private acronyms
Terms such as ICBPO appear in private market documents. MyGreed does not label them an official SWIFT product unless an authoritative standard supports that claim.
Source / standards noteProcedure terminology can be market-specific. MyGreed distinguishes formal rules/message functions from bank policy and negotiated transaction steps.
Remember thisBPO and BPU are related words with different histories; do not treat them as interchangeable acronyms.
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