Programmable joint payment guarantee financial instrument set

Details Programmable joint payment guarantee financial instrument set Programmable joint payment guarantee financial instrument set

G - Physics

06

Q

G06Q 20/22 (2012.01) G06Q 40/00 (2012.01) H04L 12/16 (2006.01)

Patent

CA 2350445

A number of implementations of a transaction settlement mechanism are illustrated, some or all of which can be used for credit, trade credit, and contingency trade credit. The transaction settlement mechanism, according to the implementations, allows the buying and selling parties to jointly share in the direction of the electronic moneys from the conception of the transaction through to the final fund distribution. The implementations illustrated include a joint payment guarantee, an open credit, joint payment hold, a long-term joint payment hold, a credit check, a blended payment, and a pro-forma configuration.

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