Importance

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Abstract

An electronic trade service device includes processing devices providing computational functions providing negotiation and resolution of commercial agreements between buyers and sellers. The service includes defining contract terms, including price and payment terms and securing electronic connections by the buyer and seller to an electronic trade system. The buyer is associated with one or more credit providers which may pledge financial support based on defined terms. When the agreement is finalized at least a portion of the line of credit relating to the price term is pledged to securing payment by the buyer to the seller in exchange for producing the contractual items. The buyer utilizes a line of credit provided by one or more credit providers so that the commercial agreement between the buyer and seller. The trade service also allows the buyer to choose from an array of credit and financing options for conducting business transactions.

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