ABSTRACT

It is Bolero’s plan to ensure that these services will be offered at a

realistic price so as to encourage a wider base of users. It has also been

argued that electronic documents could be presented, dealt with,

amended and surrendered much faster than paper documents. The

system makes it possible to distinguish between highly critical and less

time sensitive documents. Through a ‘time out’ function, the sender

can receive warnings from Bolero when the document is not received

by its counterparty. As with emails, the message could be marked

‘urgent’ to enable traders to prioritise properly their transactions.