Trade finance automation system
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United States of America Patent
Stats
-
May 16, 2006
Issued Date -
N/A
app pub date -
Oct 4, 1999
filing date -
Oct 4, 1999
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A trade finance automation system includes an accounts receivable database receiving and storing invoices issued by one or more prescribed vendors for sales made to specified buyers. A credit limits database contains various credit limits applicable to buyers' accounts receivables that are subject to existing third party financing, the credit limits dictated by factors including terms of said third party financing. A credit limits tester performs substantially real time checking of buyers' invoices in the accounts receivable database to ensure compliance with the credit limits set forth in the credit limits database for said buyers.
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Family
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