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Supply chain financing system and method

  • US 6,167,385 A
  • Filed: 11/30/1998
  • Issued: 12/26/2000
  • Est. Priority Date: 11/30/1998
  • Status: Expired due to Term
First Claim
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1. A method for financing, through a third party, a supply of goods from a supply chain to a buyer, the supply chain consisting of a number of participants, wherein the buyer and each participant in the supply chain have a cost of financing, the method comprising the steps of:

  • identifying a first participant that has a cost of financing that is the greatest above the buyer'"'"'s cost of financing;

    establishing rules between the buyer and the third party including establishing, in a first rule, a manner in which the third party can identify acceptance data representing acceptance of goods by the buyer;

    the third party identifying acceptance data related to goods accepted by the buyer;

    calculating the financing for the goods in response to the identified acceptance data and in response to the established rules;

    forwarding payment for the goods from the third party to the first participant prior to a time the payment for the goods would normally be payable; and

    at maturity of the financing, settling the financing between the buyer and the third party.

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