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System and method for settling trades in a digital merchant exchange

  • US 7,363,270 B2
  • Filed: 02/16/2001
  • Issued: 04/22/2008
  • Est. Priority Date: 02/16/2001
  • Status: Expired due to Fees
First Claim
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1. An apparatus for providing liquidity to a seller who has provided value to a buyer, said apparatus comprising:

  • a receiving module configured to;

    receive a notification defining information pertaining to the provided value, which has resulted in a negotiable instrument issued by the buyer intended for the seller; and

    receive the negotiable instrument issued by the buyer intended for the seller, said negotiable instrument having an extended maturity date; and

    a calling module configured to;

    upon receipt by the receiving module of the negotiable instrument issued by the buyer intended for the seller, call upon a capital pool to purchase an interest in said negotiable instrument; and

    send a portion of the value of said negotiable instrument to the seller prior to said extended maturity date.

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