Securitization of a commercial transaction

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7805359
APP PUB NO 20070156572A1
SERIAL NO

11541135

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method and apparatus for generating a tradable security includes confirming a vendor's compliance with predefined terms of a commercial transaction, such that a buyer is obligated to make a due payment. The method and apparatus further includes electronically rating a financial commitment relating to a receivable account for the commercial transaction. This receivable account is rated based on conditions and factors known to a system facilitating the commercial transaction. Based on the ability for the financial commitment to be rated, a financial exchange is operative to transfer entitlement rights to monies due under the receivable account where the terms for the transfer of the entitlement rights are based at least in part on the electronic rating. Thereby, receivable accounts to commercial transactions may be tradable by one or more investors as properly rated investment.

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Patent Owner(s)

Patent OwnerAddress
INFOR (US) LLC641 AVENUE OF THE AMERICAS NEW YORK CITY NY 10011

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lites, Barry Huntington, US 5 12

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