WO2001009782A3 - System and method of transaction settlement using trade credit - Google Patents

System and method of transaction settlement using trade credit Download PDF

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Publication number
WO2001009782A3
WO2001009782A3 PCT/IB2000/001056 IB0001056W WO0109782A3 WO 2001009782 A3 WO2001009782 A3 WO 2001009782A3 IB 0001056 W IB0001056 W IB 0001056W WO 0109782 A3 WO0109782 A3 WO 0109782A3
Authority
WO
WIPO (PCT)
Prior art keywords
trade
supplier
operational
credit
transfer
Prior art date
Application number
PCT/IB2000/001056
Other languages
French (fr)
Other versions
WO2001009782A2 (en
WO2001009782A8 (en
WO2001009782A9 (en
Inventor
Alan Kay
Roy Hatfield
David Stone
Original Assignee
Orbian Man Ltd
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Orbian Man Ltd filed Critical Orbian Man Ltd
Priority to AU58409/00A priority Critical patent/AU5840900A/en
Publication of WO2001009782A2 publication Critical patent/WO2001009782A2/en
Publication of WO2001009782A3 publication Critical patent/WO2001009782A3/en
Publication of WO2001009782A9 publication Critical patent/WO2001009782A9/en
Publication of WO2001009782A8 publication Critical patent/WO2001009782A8/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce
    • G06Q30/06Buying, selling or leasing transactions

Abstract

A method and system for settling a transaction with trade credit value which makes use of computer hardware and software, allow Members of a trade credit settlement system to transfer electronic instruments, called trade credits, in exchange for goods and services. These trade credits are effectively electronic bills of exchange that are divisible, transferable, discountable, continuously available and have been credit-enhanced to A1/P1 status. Sponsors facilitate the system by registering buyers and suppliers as Members in the system and offering them operational accounts and drawdown accounts with authorized lines of credit. A Member-buyer approves the purchase invoice of a Member-supplier and authorizes the Sponsor to transfer trade credit value from the Member-buyer's operational and/or drawdown account into the operational account of the Member-supplier. The trade credit value received by the Member-supplier can be held in the Member-supplier's operational account until it matures, or discount it to cash before it matures, or transfer it to other Members for the purchase of goods or services.
PCT/IB2000/001056 1999-07-30 2000-07-28 System and method of transaction settlement using trade credit WO2001009782A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU58409/00A AU5840900A (en) 1999-07-30 2000-07-28 System and method of transaction settlement using trade credit

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US14676099P 1999-07-30 1999-07-30
US60/146,760 1999-07-30
US19307500P 2000-03-28 2000-03-28
US60/193,075 2000-03-28

Publications (4)

Publication Number Publication Date
WO2001009782A2 WO2001009782A2 (en) 2001-02-08
WO2001009782A3 true WO2001009782A3 (en) 2001-08-09
WO2001009782A9 WO2001009782A9 (en) 2002-08-29
WO2001009782A8 WO2001009782A8 (en) 2004-03-11

Family

ID=26844280

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2000/001056 WO2001009782A2 (en) 1999-07-30 2000-07-28 System and method of transaction settlement using trade credit

Country Status (2)

Country Link
AU (1) AU5840900A (en)
WO (1) WO2001009782A2 (en)

Families Citing this family (18)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8392285B2 (en) 1996-11-12 2013-03-05 Syncada Llc Multi-supplier transaction and payment programmed processing approach with at least one supplier
US8396811B1 (en) 1999-02-26 2013-03-12 Syncada Llc Validation approach for auditing a vendor-based transaction
US20080172314A1 (en) 1996-11-12 2008-07-17 Hahn-Carlson Dean W Financial institution-based transaction processing system and approach
US20070055582A1 (en) 1996-11-12 2007-03-08 Hahn-Carlson Dean W Transaction processing with core and distributor processor implementations
US7006994B1 (en) 1999-07-16 2006-02-28 American Management Systems, Inc. Automated receivables management system
US6654727B2 (en) * 2001-11-29 2003-11-25 Lynn Tilton Method of securitizing a portfolio of at least 30% distressed commercial loans
US6973440B1 (en) * 2002-02-19 2005-12-06 Brian Gudio Method of managing a deposit exchange to offer price reductions
US8762238B2 (en) 2004-06-09 2014-06-24 Syncada Llc Recurring transaction processing system and approach
CN101385044A (en) 2004-06-09 2009-03-11 美国银行和许可股份有限公司 Transaction processing with core and distributor processor implementations
CN101036169A (en) 2004-06-09 2007-09-12 美国银行和许可股份有限公司 Order-resource fulfillment and management system and approach
US7725372B2 (en) 2006-10-06 2010-05-25 Syncada Llc Transaction payables processing system and approach
US8712884B2 (en) 2006-10-06 2014-04-29 Syncada Llc Transaction finance processing system and approach
EP2191446A4 (en) 2007-08-12 2012-06-06 Invoice Clearing System Inc System and method of offsetting invoice obligations
US8843410B2 (en) 2008-01-22 2014-09-23 United Parcel Services Of America, Inc. Systems, methods, and computer program products for supply chain finance
US8751337B2 (en) 2008-01-25 2014-06-10 Syncada Llc Inventory-based payment processing system and approach
US7716087B1 (en) 2009-06-04 2010-05-11 Yung Yeung Methods and system of conducting business-to-business operations by registered sellers and buyers using an internet accessible platform
US7657464B1 (en) 2009-06-04 2010-02-02 Yung Yeung System and methods of conducting business-to-business operations by registered sellers and buyers using an internet accessible platform
CN107730381B (en) * 2017-09-14 2020-12-18 中国银联股份有限公司 Method and device for backing up cross section data

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1992004679A1 (en) * 1990-08-31 1992-03-19 Seer Technologies, Inc. Transaction processor
WO1997030407A1 (en) * 1996-02-19 1997-08-21 Lancaster Australia Pty. Limited Universal contract exchange
US5732400A (en) * 1995-01-04 1998-03-24 Citibank N.A. System and method for a risk-based purchase of goods
WO2000052555A2 (en) * 1999-03-05 2000-09-08 Trade Finance Service Corporation Trade financing method, instruments and systems

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1992004679A1 (en) * 1990-08-31 1992-03-19 Seer Technologies, Inc. Transaction processor
US5732400A (en) * 1995-01-04 1998-03-24 Citibank N.A. System and method for a risk-based purchase of goods
WO1997030407A1 (en) * 1996-02-19 1997-08-21 Lancaster Australia Pty. Limited Universal contract exchange
WO2000052555A2 (en) * 1999-03-05 2000-09-08 Trade Finance Service Corporation Trade financing method, instruments and systems

Also Published As

Publication number Publication date
WO2001009782A2 (en) 2001-02-08
WO2001009782A8 (en) 2004-03-11
AU5840900A (en) 2001-02-19
WO2001009782A9 (en) 2002-08-29

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