An interview with Stefanie Stanzel, Vice President Commercial, Polytrade Global GmbH
The Bank Payment Obligation (BPO) offers a range of benefits to suit companies moving from a variety of settlement options and perspectives. One perspective that is often overlooked when it comes to the BPO is that of the importer. Polytrade, a global supplier of raw materials, additives and marketing services, however, has considerable experience using the BPO to settle its import business. Stefanie Stanzel, Vice President Commercial, Polytrade Global GmbH, answers questions about Polytrade’s experience with the BPO – including the advantages for importers, the benefits of switching from letters of credit, and the value of a strong banking partner to help smooth the process.