Closing funds management system

Details Closing funds management system Closing funds management system

G - Physics

06

Q

G06Q 30/06 (2012.01) G06Q 20/10 (2012.01) H04L 9/32 (2006.01)

Patent

CA 2518824

The invention provides an electronic method of managing a timely and irrevocable transfer of closing funds between parties within a closed community of authenticated participants using an electronic interface accessible over a distributed network. A value transaction is negotiated and finalized between a first party and a second party. The invention allows payment of closing funds on a timely and irrevocable basis from a staging account.

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