Wednesday 13, June 2012 by Robin Amlôt
Standard Chartered executes first bank payment obligation transaction
The transaction was carried out between BP’s petrochemicals business for Oman-Based OCTAL, one of the largest PET producers in the world based in the Sultanate of Oman and a global leader in the packaging industry. It was the first end-to-end automated trade finance transaction with the Bank Payment Obligation (BPO) through Standard Chartered’s Straight2Bank platform.
