GB2605043A - Systems and methods to facilitate a safer way to carry out a multi-lateral trade cycle by a pre-selected number of SME - Google Patents
Systems and methods to facilitate a safer way to carry out a multi-lateral trade cycle by a pre-selected number of SME Download PDFInfo
- Publication number
- GB2605043A GB2605043A GB2206844.9A GB202206844A GB2605043A GB 2605043 A GB2605043 A GB 2605043A GB 202206844 A GB202206844 A GB 202206844A GB 2605043 A GB2605043 A GB 2605043A
- Authority
- GB
- United Kingdom
- Prior art keywords
- methods
- cycle
- medium
- trade
- disclosed
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Pending
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Strategic Management (AREA)
- Marketing (AREA)
- Economics (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Development Economics (AREA)
- Theoretical Computer Science (AREA)
- Technology Law (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
Over 40% of global trades have unmet financing needs. Financial institutions do not feel secure financing cross-border trades by small and medium-sized enterprises from multiple jurisdictions. It is challenging when suppliers demand payment before shipping their goods and buyers insisting on paying only after receiving the goods. Furthermore, the need for each of the small and medium-sized enterprises participating in a single trade cycle to fund their respective trade facilities to issue and receive documentary credits makes cross-border trades across multiple jurisdictions unsustainable. The SAFE networked systems and methods provide small and medium-sized enterprises incorporated in multiple jurisdictions solutions to all of the above when executing a multilateral trade cycle.
Claims (4)
1. The claims are to introduce a selection of simplified concepts described in the Description and not to identify or limit the essential features of the claimed subject matterâ s scope.
1. According to some embodiments, networked systems and methods to carry out a multilateral trade cycle by a pre-selected number of small and medium-sized enterprises incorporated in different jurisdictions on a common legal regime outside of any national legal system are disclosed.
2. According to some embodiments, networked systems and methods to carry out a multilateral bade cycle funded by a single transferable documentary credit facility, for a pre-selected number of small and medium-sized enterprises incorporated in multiple jurisdictions, without the need for each of them to have their respective trade facilities to send and receive documentary credit payments, is disclosed.
3. According to some embodiments, networked systems and methods facilitating a seller in a Network Territory incorporate an entity in the Node Territory to obtain a transferable documentary credit facility for a multilateral trade cycle, including making an advance payment to the supplier and selling the goods on credit to the buyer, is disclosed.
4. According to some embodiments, the recording of market participants' biometric identification and their validated electronic transmissions, notifications, and instructions on a distributed ledger, is disclosed. 20 RECTIFICATION SHEET RULE 91
Applications Claiming Priority (2)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| US201962913382P | 2019-10-10 | 2019-10-10 | |
| PCT/SG2020/050561 WO2021071423A1 (en) | 2019-10-10 | 2020-10-12 | Systems and methods to facilitate a safer way to carry out a multi-lateral trade cycle by a pre-selected number of sme |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| GB2605043A true GB2605043A (en) | 2022-09-21 |
Family
ID=75437536
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| GB2206844.9A Pending GB2605043A (en) | 2019-10-10 | 2020-10-12 | Systems and methods to facilitate a safer way to carry out a multi-lateral trade cycle by a pre-selected number of SME |
Country Status (2)
| Country | Link |
|---|---|
| GB (1) | GB2605043A (en) |
| WO (1) | WO2021071423A1 (en) |
Citations (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US20060059080A1 (en) * | 2004-09-16 | 2006-03-16 | Heidi Benko | Online electronic trading system including lines of credit |
| US20110246351A1 (en) * | 2008-12-29 | 2011-10-06 | Openmatch, Llc | Trading System |
-
2020
- 2020-10-12 WO PCT/SG2020/050561 patent/WO2021071423A1/en active Application Filing
- 2020-10-12 GB GB2206844.9A patent/GB2605043A/en active Pending
Patent Citations (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US20060059080A1 (en) * | 2004-09-16 | 2006-03-16 | Heidi Benko | Online electronic trading system including lines of credit |
| US20110246351A1 (en) * | 2008-12-29 | 2011-10-06 | Openmatch, Llc | Trading System |
Non-Patent Citations (2)
| Title |
|---|
| Multilateral Trading Facility (MTF). [Retrieved on 2021-02-08 from https://www.corportaefinanceeinstitute.com/knowledge/trading-investing/multilateral-trading-facility-mtf/] whole document * |
| Multilateral Trading Facility (MTF). [Retrieved on 2021-02-08 from https://www.investopedia.com/terms/m/multilateral_trading_facility.asap] whole document * |
Also Published As
| Publication number | Publication date |
|---|---|
| WO2021071423A1 (en) | 2021-04-15 |
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