Guaranteed negotiation system and method
US7778921B2 · kind B2 · utility
1Cited by
10References
15Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Dec 2, 2008 |
| Grant date | Aug 17, 2010 |
| Priority date | — |
| Expiry date | Dec 19, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/188
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for facilitating the negotiation of credits. The bank issuing the credit and a nominated bank agree to program conditions pursuant to which the nominated bank, based upon its own examination of documents presented under the credit and before said documents are forwarded to, received, and accepted by the issuing bank, will pay, accept, or negotiate the credit with no or limited recourse to the issuing bank for discrepancies in the documents.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.