"Uniform Rules for Bank Payment Obligation (URBPO) "was held on 22 & 23 June 2014 by hosted ICC  Iran at Iran Chamber of Commerce Building.

Ms. Farideh Tazhibi Secretary of ICC Iran Banking Commission and Mr. Fereidoon Shirazi Representative Director of Bahrain Future Bank professionally discussed the related issues.

The first issue discussion of the event was the main activities of the Banking Commission and Ms. Farideh Tazhibi, presented Comprehensive explanation about the history of Provisions.

"The Iranian National committee of ICC provides the Recent ICC achievements since its restart ". Said Ms.Tazhibi .She also announced that URBPO is the newest solution to Supply chain finance.The meeting was followed by a comprehensive preamble of Mr.Shirazi on international payment methods, bank payment obligation. He also emphasized URBPO can allow the banks to eliminate the risk of  international trade.

 "Discounts of risks in international trade for buyers and sellers, Reliability and speed of contracts, Reduce costs and increase accuracy, Enhancing management, Ensuring payment, Availability to financing and supply chain are premium of URBPO" said Mr. Shirazi. He also added Methods of payment in International Trade includes Cash-in-Advance, Open Account, Documentary Collection, Documentary Credit and URBPO is supplementary with other solutions.

 In addition Q & A session was held and the trainer presented Case Study on the subject and answered participant's questions at the end of the session.

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