Hello-

A *BOR* is simply an electronic promissory note (EPN). The invoice is scheduled to be paid 60 days from the end of the month. This is stipulated in the promissory note, unlike a bill of exchange which only acts in a commercial sense. In this case, one has promised to settle payment 60 days from the end of the month. Thus, a promissory note can represent not only a "commercial action" (transactions, agreements, etc) , but also a " civic action" (mere obligations and duties of citizens/community).

Short explanation of my translation:

"Le règlement interviendra" literally means "the settlement will take place."

*Par BOR* means "by an electronic promissory note." In other words, the BOR will enforce the settlement of the invoice amount 60 days...month. This is stipulated in the note.

"à 60 jours fin de mois" means "60 days from the end of the month"

I hope this helps. Good luck!