JPMorgan Offers New BoleroSURF Functionality
JPMorgan Treasury Services has adopted the boleroSURF product and the new bolero.net ‘Connect the Community’ package. Features include: automated trade document checking and discrepancy handling; integration of existing back office systems for straight-through processing and accelerated settlements for all trade products, including open account; and access to a totally electronic trading chain at minimal cost. boleroSURF is an internet-based mechanism that ensures both parties to a cross border trade transaction have fulfilled their contractual obligations, allowing payment to take place and goods to be delivered. The ‘Connect the Community’ package allows financial institutions to enable their corporate and financial institution clients to conduct bolero.net business without the cost of becoming full bolero.net members.