Bolero Enrolment

All parties that use or intend to use Bolero are required to enrol in the Bolero Association. The purpose of enrolment is:

  1. to ensure that the Applicant agrees to be bound by the terms of the Bolero Rulebook
  2. to ensure that the identity of the Applicant is confirmed
  3. to ensure that the person who is signing on behalf of the Applicant is authorised to act on its behalf.

There are two principal options for enrolment. Please contact Bolero Global Support to help you decide the best enrolment solution for you:

Option 1: Using an existing Bolero bank to sponsor enrolment
Option 2: Direct Enrolment

As part of the enrolment process, you will need to request a USER Certificate. Please contact Bolero Global Support who will assist you with this request.

Option 1: Bolero Bank Sponsorship

Applicant Actions

  1. Complete the on-line application form
  2. Print and sign the application form. The signatory must be somebody who is authorised to bind the applicant and appears on the bank mandate.
  3. Send the completed application form together with a short letter to the bank you are asking to sponsor you. Here is an example of such a letter.

Bank Actions

Following receipt of the application form and covering letter the bank will confirm the following in a letter to the Bolero Association;

  1. The bank is processing the application on your behalf and that it runs a business account for you
  2. The bank confirms that the signature(s) on the application form are known to the bank and are authorised on your bank mandate.
  3. The bank confirms that it supports your application to become a member of the Bolero Association.

Here is an example of a letter that the sponsoring bank will send to the Bolero Association.

The bank will send the letter together with the enrolling entities application form to the Bolero Association.

Bolero Actions

If the above procedure has been followed, Bolero will confirm enrolment. 

Option 2: Direct Enrolment

This process uses a notary to confirm a) the identity of the Applicant, b) the identity of the person who is signing on behalf of the Applicant and, c) that the person signing on behalf of the applicant is authorised to do so and will bind the applicant.

Applicant Actions

  1. Complete the on-line application form
  2. Print but do not sign the completed application form.
  3. The Applicant should produce either a Power of Attorney or a Board Minute confirming that the individual designated to sign the application form is authorised by the Applicant to do so.
  4. The Applicant also needs a bank reference addressed to the Bolero Association. The bank reference, on the bank’s headed notepaper, should confirm that the applicant has a business account with that bank.
  5. If the Applicant is listed on a recognised stock exchange, the Applicant may substitute the requirement for a bank reference by providing the Bolero Association with a copy of the Applicant’s most recent published report and accounts.
  6. The Applicant should then take a) the application form b) the board minute or power of attorney and c) the bank reference or copy of the report and accounts to a Notary.

Notary Actions

  1. The Notary should witness the signature of the Application Form
  2. The Notary should then bind and seal the Application Form together with the Notary statement confirming the identity and witnessing the signature of the individual who is signing the application form.

The Applicant should then send these documents to the Association.

Bolero Actions

If the above procedure has been followed, Bolero will confirm enrolment.