Bolero moves into high gear

A shift in distribution channels set to see banks bringing more smaller trade clients into the paperless trade community.

Bolero, an industry group part-owned by international banking group SWIFT, has spent the past five years building and refining a platform that enables anyone engaged in cross-border trade to exchange business data and documents securely over the internet, in a legally certain environment.

Recent months have seen ANZ Banking Group in Australia join up to the platform, and several huge global mining and metal companies - BHP Billiton, Rio Tinto, POSCO and Brazil's CVRD - have also begun using Bolero to lower costs and increase security and efficiency in post-trade document processing and settlement.

With JPMorgan Chase about to formally announce it will be the first to extend its partnership with Bolero to...

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