Bolero delivers multi-bank trade finance solutions for Corporates, Commodity Traders and Banks, particularly for “traditional” trade finance utilizing Letters of Credit, Guarantees and Documentary Collections.
Bolero provides a standardised service which requires no infrastructure investment and is designed for fast deployment and speedy realisation of value to all participants.
Bolero provides a unique and highly secure multi-bank trade messaging infrastructure enabling standardised multi-bank communication for a corporate with all its partner banks whilst at the same time providing a standardised multi-bank communication channel for a bank to its corporate customers.
In addition, Bolero provides comprehensive “on-demand” web-based applications in support of the end-to-end trade finance processes to automate Export Letter of Credit, Import Letter of Credit, Guarantee Applications, Beneficiary-side Guarantees and Documentary Collections. Bolero has also deployed, in partnership with a significant global bank, a substantial supply chain finance solution for a large US retailer and its major suppliers across Asia. Most recently Bolero has delivered a unique ePresentation service providing a suite of solutions for the electronic presentation of documents as legally binding originals.
Bolero acts as an independent intermediary and trusted third party bringing together corporates and banks to deliver multi-bank standardisation and to enable trade finance collaboration.