System and method for financing commercial transactions
OwnerAhay Zafririnventor
Life of this patent
Estimating the term…
Abstract
A method for financing a commercial transaction between a supplier and a buyer, including engaging a buyer receiving goods or services under terms of trade credit from a supplier of goods or services, the trade credit permitting payment for the goods or services at a future date, the buyer neutralizing a trade risk associated with paying for the goods and services; engaging a financial institution to provide capital against a commitment of the buyer to effect the payment at a future date; transferring a portion of the capital to the supplier in advance of the future date, the portion satisfying consideration for the supply of the goods or services; and distributing to the buyer at least part of a difference between the capital and the portion.
Claims53
A method for paying in a commercial transaction between a supplier and a buyer, comprising:
- essentially neutralizing a trade risk associated with payment for a commercial transaction for the delivery goods or services from said supplier to said buyer, said commercial transaction including credit terms permitting payment for said goods or services at a future date;
- engaging a facilitator to obtain capital from one or more financial institutions against a commitment of said buyer to effect said payment at a future date;
- paying a portion of said capital to said supplier in advance of said future date, said portion being said supplier's satisfaction for said commercial transaction;
- honoring said commitment to effect said payment on or about said future date;
- and
- distributing between said buyer and said facilitator a difference between capital obtained from said one or more financial institutions and said portion paid to said supplier.
A method for financing a commercial transaction between a supplier and a buyer, comprising:
- engaging a buyer receiving goods or services under terms of trade credit from a supplier of goods or services, said trade credit permitting payment for said goods or services at a future date, said buyer neutralizing a trade risk associated with paying for said goods and services;
- engaging a financial institution to provide capital against a commitment of said buyer to effect said payment at a future date;
- transferring a portion of said capital to said supplier in advance of said future date, said portion satisfying consideration for the supply of said goods or services;
- and
- distributing to said buyer at least part of a difference between said capital and said portion.
A method for financing of a trade credit, comprising:
- receiving and storing information from parties participating in a trade credit financing transaction;
- selecting according to the information received from the parties and the buyer's preference the debt to finance and the financial sources to use for financing the debt;
- presenting the selected debt and the corresponding accounts payable and the parties to the trade credit financing transaction to the buyer;
- approving by the buyer of the selected debt and the parties to the trade credit financing transaction and by sending an ante-dated irrevocable order to pay the debt;
- assigning the buyer's payment to a financial institution and receiving discounted cash in return;
- paying in cash to a supplier a payment approved by the buyer less a discount;
- and
- paying the buyer the difference between the cash received from the financial institution and the cash paid to the supplier, less an agreed commission.
Within a computer device having at least one central processing device, at least one storage device, linked to a data communications network, an apparatus for financing of a trade credit by discounting a buyer's debt to the supplier and selling the buyer's debt to a financial institution, the apparatus comprising the elements of:
- an interface for interfacing with the buyer, supplier and the financial institution in order to provide information concerning the invoices and the terms of the trade credit financing transaction;
- a device for prioritizing or selecting at least one trade credit financing transaction and based on the terms of the at least one transaction for suggesting to at least one buyer at least one trade credit financing transaction;
- and
- a database storing information of the parties to the trade credit financing transaction preferences.
A method in which an entity for financing trade credit by discounting a buyer's debt to the supplier, eliminating commercial risks of the debt through collaboration with at least one buyer and selling the at least one buyer's debt to a financial institution, the method comprising the steps of:
- obtaining at least one supplier demand for a trade credit financing transaction;
- obtaining a credit line at least one financial institution has proposed to provide against the buyer;
- obtaining from at least one buyer at least one received and approved for payment invoice associated with the supplier;
- processing the at least one supplier demand, the credit line and the at least one received and approved for payment invoice associated with the supplier whereby at least one invoice is selected for payment;
- transmitting the at least one invoice selected for payment to the buyer;
- receiving at least one ante-dated irrevocable payment order to the at least one financial institution to pay the entity, on the at least one selected invoice for payment due date, the total of the face value of the at least one invoice selected for payment;
- receiving funds, for the assignment of the buyer's future payment, from one financial institution at a rate that represent the buyer's credit risk;
- transferring to the supplier a discounted payment for the at least one invoice selected for payment;
- and
- transferring the buyer payment of the difference between the funds received from the financial institution and the funds paid to the supplier, less a sum that stays with the entity.
Dependencies are inferred from the claim text.