BNP PARIBAS GROUP JOINS BOLERO.NET

BNP PARIBAS GROUP JOINS BOLERO.NET

'BNP Paribas, the French international banking group, has signed with Bolero.net, an electronic conveyer of trade and financial documents on the Internet.

''''Raanan Barzel, of the BNP Paribas International Trade Department, said Bolero.net’s “emerging international standard … has the potential to deliver significant benefits in time and money to anyone involved in cross-border trade.

''''”We will start rolling out Bolero.net to our customers without delay, with the deployment of the Bolero system within BNP Paribas following as soon as the integration of BNP and Paribas systems is complete,” Barzel said.

''''BNP, which recently merged with Paribas, was part of Bolero.net’s pre-launch phase of development.

''''BNP Paribas, with assets of almost 700 billion euro at the end of 1999, has offices in 83 countries, employing 77,000 people. The company includes corporate and investment banking, domestic retail banking, insurance, real estate, venture capital and asset management divisions.