EP 1208496 A2 20020529 - SYSTEM, METHOD AND ARTICLES FOR FACILITATING TRADE CREDITS
Title (en)
SYSTEM, METHOD AND ARTICLES FOR FACILITATING TRADE CREDITS
Title (de)
SYSTEM, VERFAHREN UND ARTIKEL ZUM FÖRDERN VON HANDELSKREDITEN
Title (fr)
SYSTEME, PROCEDE ET ARTICLES DESTINES A FACILITER DES CREDITS COMMERCIAUX
Publication
Application
Priority
- US 0010859 W 20000421
- US 13058199 P 19990421
- US 13086299 P 19990422
Abstract (en)
[origin: WO0063816A2] A computer-based system, arranged for communication with several user interfaces, enables creation of a current asset. The system includes an option grantor interface, a grantee interface, a financial institution interface, and an insurance company interface, all of which are used as follows. An option grantor, having a capacity to purchase goods or services in the course of business, agrees with a grantee to grant to the grantee a cross purchase option contract having a predetermined term and agreed conditions. The grantee receives the cross purchase option contract having an associated indicator in the form of a known number of cross purchase units that are retired as the goods or services are purchased pursuant to the cross purchase option contract. The grantee provides an asset to the option grantor. The financial institution purchases trade receivables from the grantee, wherein the trade receivables are generated by satisfying the option contract. The insurance company provides an insurance contract to the financial institution, wherein the insurance contract assures that, during the predetermined term, the cross purchase option contract will result in a payment to the financial institution sufficient to satisfy the purchased trade receivables.
IPC 1-7
IPC 8 full level
G06Q 30/00 (2006.01); G06Q 40/00 (2006.01)
CPC (source: EP)
G06Q 30/06 (2013.01); G06Q 40/08 (2013.01)
Citation (search report)
See references of WO 0063815A2
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE
DOCDB simple family (publication)
WO 0063816 A2 20001026; WO 0063816 A8 20011101; AU 4482600 A 20001102; AU 4482900 A 20001102; AU 4655800 A 20001102; CA 2376252 A1 20001026; CA 2376257 A1 20001026; CA 2377708 A1 20001026; EP 1200909 A2 20020502; EP 1208496 A2 20020529; EP 1277129 A2 20030122; WO 0063795 A2 20001026; WO 0063795 A8 20021107; WO 0063795 A9 20010315; WO 0063815 A2 20001026; WO 0063815 A8 20011129
DOCDB simple family (application)
US 0010865 W 20000421; AU 4482600 A 20000421; AU 4482900 A 20000421; AU 4655800 A 20000421; CA 2376252 A 20000421; CA 2376257 A 20000421; CA 2377708 A 20000421; EP 00926268 A 20000421; EP 00926271 A 20000421; EP 00928300 A 20000421; US 0010858 W 20000421; US 0010859 W 20000421