Financial Supply Chain Bolero Financial Supply Chain Solutions Bolero Application Suites BoleroAdvise Bolero's Trusted Trade Platform			Bankers Overview For many Banks, the traditional trade services business faces challenges while significant new opportunities begin to arise. Trade finance volumes are flat, traditional paper-based processes offer no great economies of scale, and Banks are faced with the continual need to improve their trade transaction margins. At the same time, both Importer and Exporter Banks are seeing an increased risk of disintermediation as some of their customers move towards open account banking. Clearly there’s an imperative for Banks to develop new credit, risk and transaction revenue streams to address this challenge. However, the concerns and issues that this causes aren’t necessarily the same for different Bank functions, so it’s important to look at how evolving International Trade pressures can impact Relationship Managers, Payment Services, Risk and Credit, Cash and Treasury Management as well as Trade Services. For banking Relationship Managers, the goals are fairly clear – growing business with current clients, winning new business and developing the revenue potential from each corporate relationship. To date, open account banking has left Banks only handling transactions and payments, and that’s diluting the strength and value of many relationships In the Payment Services business, bankers are looking to differentiate their services in a utility market, finding ways to increase margins in a commodity sector, while also addressing the challenge of domestic/EU cross-border payment charge alignment With Risk and Credit solutions, bankers are searching for ways to acquire more ‘good’ business from its best customers at the expense of the competition. At the same time the focus is on ways to deepen lending margins and reduce the engagement costs associated with setting up and maintaining a loan portfolio For Cash and Treasury Management the focus is on ways of providing enhanced working capital solutions, perhaps offering new information services and developing greater cross-selling opportunities While Trade Services are investigating ways to offer customers a trade solution that provides the level of transparency and accuracy that their trading customers need Bolero – Helping Banks to Address the Trade Services Challenge Bolero’s Financial Supply Chain solutions support global trade management, and provide Banks and their customers with a common platform for the merging of the Physical and Financial Supply Chains. With its cross-industry representation and significant community expertise of its founding shareholders, including SWIFT, Bolero provides a unique and substantive technology to underpin fully electronic trade. Bolero provides a range of modular solutions that inter-operate and provide incremental steps of value. The Bolero Financial Supply Chain approach is particularly applicable for Banks as it offers a Hosted Platform architecture that ensures limited capital expenditure and common standards that encourage community-enablement. Bolero is scalable to all settlement types, documents, parties and has cross-industry applicability, making it an ideal choice for Banks as it can support the progressive acceleration, automation and optimisation of Financial Supply Chain processes leading to paperless trade. Bolero is already supported by a number of major and regional Trade Banks. Its Governance ensures a unique neutrality and Trusted Third Party operation. With its ability to provide a complete business solution, incorporating information, document content, document context, a legal framework and a robust foundation for the provision of trade finance, Bolero makes an ideal Financial Supply Chain solution for Banks. Bolero helps Banks to support their Importer and Exporter customers through the global enablement of procure-to-pay and order-to-cash in International Trade. Flexible, modular application components enable robust Importer to Exporter collaboration, linking into Banks, logistics and regulatory authorities as needed. Bolero provides Banks and their customers with Documentary Credit and Open Account automation and optimisation on a single, consistent platform, in a way that is fully complementary to the emerging SWIFT Bank Trade Services Utility. Click here to download the SWIFTNet Bolero Positioning Paper Because Bolero is scalable, future-proof and interoperable with e-Commerce and Trade Community platforms and applications, it provides Banks with an ideal framework to develop new, or improve existing, Trade Services business. With Bolero your investment is fully-protected, with a quick time to payback as incremental application components can deliver targeted value and a direct return on investment. Delivering Increased Financial Performance for Customers Implementing Bolero’s Financial Supply Chain approach gives Banks a powerful framework to help drive the development of their Trade Services business. With Bolero, Banks can provide their Import and Export customers with innovative Account Payable (A/P) and Account Receivable (A/R) financing potential, helping customers to generate improved cash flow and create operational efficiency savings. Banks can also provide direct value to the supply chain and eliminate manual delays and errors that result from traditional paper-based trade services, helping customers to improve their respective vendor and client relationships. At the same time, Banks can strengthen their Trade Services relationship with Importer and Exporter customers, selling new services based on real business benefits such as improved supply chain liquidity, greater transaction transparency and DSO and DPO reductions. Working with Bolero can integrate the Bank more closely with their customers’ Trade Services business, and can lead to entirely new revenue opportunities. Specific Bolero benefits for a bank include: Relationship Managers – Working with the Bolero Open Account Solution allows banks to offer solutions that plug right into ‘procure to pay’ and ‘order to cash’ cycles, leading to services that can benefit customers’ cash, payments and FX requirements Payment Services –Bolero provides Payment Services with the ability to offer payment scheduling and exception reporting in support of existing payment initiation services. For European Banks, Bolero also provides a value-added approach with a means to counter their enforced drop in margins as a consequence of EU legislation. Risk and Credit Solutions – Bolero allows Banks to load the margin offered to well-rated major suppliers, and arbitrage against the rates that would be offered in the market to their lower-rated suppliers – potentially allowing banks to support business that would otherwise go elsewhere Cash and Treasury Management – With Bolero, Banks are in a better position to deliver innovative Cash and Treasury financing solutions based on an increased awareness of a customer’s future bills payable and receivables. The Bolero Solution Suite offers a variety of information service components that extend from Order Management through to Invoice Reconciliation exception reports and future cash-flow projections Trade Services – Bolero provides cost efficiencies and automation underpinning new service offerings in the traditional Documentary Credit business. The Bolero Open Account solution puts the Bank in a position to offer a rapidly deployable solution that addresses key concerns such as transparency and accuracy. In additional to providing a new service opportunity in a declining traditional market for traditional trade services, Bolero Open Account also provides improved revenue opportunities through both transaction services and enhanced lending margin yields.