<s>
TAURUS	B-Application
(	O
Transfer	O
and	O
Automated	O
Registration	O
of	O
Uncertified	O
Stock	O
)	O
was	O
a	O
program	O
that	O
set	O
out	O
to	O
transfer	O
settlements	O
of	O
London	O
Stock	O
Exchange	O
shares	O
from	O
transmission	O
of	O
paper	O
share	O
certificates	O
to	O
an	O
automated	O
system	O
.	O
</s>
<s>
TAURUS	B-Application
was	O
intended	O
to	O
reduce	O
the	O
time	O
taken	O
and	O
the	O
cost	O
of	O
settlement	O
,	O
increasing	O
convenience	O
and	O
reducing	O
settlement	O
risk	O
.	O
</s>
<s>
TAURUS	B-Application
was	O
also	O
meant	O
to	O
change	O
the	O
London	O
Stock	O
Exchange	O
settlement	O
from	O
a	O
two	O
week	O
account	O
period	O
,	O
settling	O
all	O
trades	O
that	O
occurred	O
within	O
each	O
two-week	O
interval	O
in	O
one	O
batch	O
,	O
to	O
a	O
rolling	O
settlement	O
system	O
,	O
settling	O
all	O
trades	O
three	O
business	O
days	O
after	O
the	O
date	O
of	O
the	O
trade	O
.	O
</s>
<s>
The	O
TAURUS	B-Application
project	O
required	O
software	O
and	O
hardware	O
development	O
but	O
also	O
required	O
legal	O
and	O
other	O
systemic	O
changes	O
,	O
resulting	O
in	O
scope	O
creep	O
and	O
cost	O
overrun	O
.	O
</s>
<s>
TAURUS	B-Application
eventually	O
cost	O
£75	O
million	O
and	O
was	O
replaced	O
with	O
the	O
less-ambitious	O
CREST	O
system	O
.	O
</s>
<s>
With	O
seventeen	O
proposed	O
systems	O
,	O
the	O
designers	O
behind	O
TAURUS	B-Application
tried	O
to	O
merge	O
the	O
ideas	O
of	O
the	O
people	O
involved	O
,	O
creating	O
a	O
Frankenstein	O
's	O
monster	O
that	O
resulted	O
in	O
costs	O
estimated	O
at	O
£400	O
million	O
to	O
the	O
stakeholders	O
.	O
</s>
