Bolero, the leading provider of secure financial supply chain solutions, has announced that it has signed a strategic initiative with E-MA Logistics Systems, a Chinese import and export logistics company, to extend access in the Chinese market to Bolero’s trade finance solutions.

Shanghai-based E-MA provides logistics and supply chain management systems to government departments and large logistics organisations in China. With the support of the Shanghai municipal government, the company is also responsible for providing an e-payment platform for taxation payments involved in the customs and excise application process.

Through the agreement with Bolero, E-MA will be able to offer its customers Bolero’s Letter of Credit Application Suite, a trusted and neutral third-party solution for secure electronic corporate-to-bank-to-corporate financial supply chain automation, which replaces paper-based communications with a standard easy-to-use web-based interface.

The partnership between Bolero and E-MA has achieved a successful first step, with a joint “Bolero - E-MA Seminar” held in Shanghai on 12 January 2006, participated by more than 50 representatives from government authorities, national and international banks, as well as local and multinational corporates.

E-MA Logistics Systems, Bolero

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