New Tool Aids Dematerialisation of Documentary Credits

XRT’s Pilot 5 Server, an internet-based transaction tool, is now available to importers and exporters as well banks. An agreement between XRT and bolero.net allows the use of the bolero.net platform as a trusted third party for documentary credit exchanges using XRT solutions. Following a bolero.net certification phase, XRT solutions will now carry the label ‘Bolero Enabled.’ Created in 1998, under the stewardship of SWIFT and TT Club (Through Transport Club), bolero.net is designed to dematerialise of all international commerce exchanges.

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