System and method of transaction settlement using trade credit

作者: Alan Kay , Roy Hatfield , David Stone

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摘要: A method and system for settling a transaction with trade credit value which makes use of computer hardware software, allow Members settlement to transfer electronic instruments, called credits, in exchange goods services. These credits are effectively bills that divisible, transferable, discountable, continuously available have been credit-enhanced A1/P1 status. Sponsors facilitate the by registering buyers suppliers as offering them operational accounts drawdown authorized lines credit. Member-buyer approves purchase invoice Member-supplier authorizes Sponsor from Member-buyer's and/or account into Member-supplier. The received can be held Member-supplier's until it matures, or discount cash before other

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