초록 ▼

A system stores criteria specified by a funder relating to trade transactions for buyers and sellers. The system compares the criteria with a proposed purchase order to determine whether the system can generate a payment guarantee on behalf of the funder for the buyer to the seller. The system also

A system stores criteria specified by a funder relating to trade transactions for buyers and sellers. The system compares the criteria with a proposed purchase order to determine whether the system can generate a payment guarantee on behalf of the funder for the buyer to the seller. The system also compares subsequent documents relating to an original purchase order with the original purchase order to ensure that the terms of the purchase order are properly fulfilled. When the appropriate conditions for payment are met, the system issues a funds transfer instruction to transfer payment from the buyer to the seller.

대표청구항 ▼

[ What is claimed is:] [1.] A method of facilitating international trade in goods which avoids the use of a letter of credit and the presentation and manual processing of documentation for compliance therewith, comprising the steps of:comparing in a data processing system first proposed contract dat

[ What is claimed is:] [1.] A method of facilitating international trade in goods which avoids the use of a letter of credit and the presentation and manual processing of documentation for compliance therewith, comprising the steps of:comparing in a data processing system first proposed contract data transmitted internationally from at least one of a buyer and a seller and second proposed contract data transmitted by the other thereof with acceptable contract data stored in the data processing system;establishing a contract for international shipment of goods based on the comparison of the first and second proposed contract data;producing data in the data processing system representing a payment guarantee to the seller for payment under the contract;storing in the data processing system, purchase order data representing selected terms of the contract for international shipment of goods;receiving in the data processing system shipping data from a party other than the buyer and the seller representing an international shipment of goods in fulfillment of the contract;determining by means of the data processing system whether the selected terms of the contract have been satisfied based at least in part on the shipping data; andproducing payment-due data by means of the data processing system based on the determination that the selected terms of the contract have been satisfied based at least in part on the shipping data.