Bank Payment Obligation
“We are totally convinced of UniCredit” says our client ZF Friedrichshafen (ZF).
ZF decided at a very early stage to launch a project for the implementation of a BPO. In October 2014 UniCredit had completed the first BPO ever in Germany. When ZF learnt about the news from their UniCredit Trade Finance Specialist they decided to work with UniCredit. Within a very short time-frame we managed to perform a so-called “Match" and executed one of the very first BPOs in Europe.
90-second update: The BPO
Melodie Michel of GTR speaks to UniCredit global head of trade products, global transaction banking, Markus Wohlgeschaffen, about the evolution of corporate demand for the bank payment obligation (BPO). He explains that while the first transaction, signed in October last year, was largely the result of the UniCredit’s promotional activities, the bank is now being approached by corporates looking for BPO transactions.
Now is the time to optimise working capital
Conditions are perfect for corporates to improve efficiency in their working capital programmes, says Thomas Dusch, Head of Trade Finance International Sales Germany at UniCredit.