Bank of China (BOC) has become the first of China's 'Big Four' banks to offer exporters the use of Bolero's online electronic trade document platform.

The move has been prompted by increased requests from BOC's customers wanting to use Bolero's ePresentation solutions and electronic documents such as bills of lading and letters of credit (L/Cs).

Global reach

As they expand their export activities outside China, with particular focus on Europe, UK, Singapore and South East Asia, exporters want to access the platform's straight-through processing technology according to a statement issued by Bolero.

It claims that the platform substantially reduces turnaround times for all parties while hugely improving security and operational efficiency.

Bolero adoption

BOC is also ahead of the other Big Four banks - Agricultural Bank of China, China Construction Bank and the Industrial and Commercial Bank of China - in announcing it will offer its customers Bolero's Multi-Bank Trade Finance (MBTF) solution.

This enables corporates increased visibility and control in relation to applications for L/Cs or bank guarantees.


Bolero claims MBTF reduces working capital requirements and minimises risk, while allowing for far greater price arbitrage than conventional methods.

BOC first adopted Bolero solutions in 2013 when it started using the platform for import-related electronic presentation of documents.

This article represents the views of the author and not necessarily those of the ICC or any of the other partners in DC-PRO.