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.