Method and system for issuing letters of credit

Details Method and system for issuing letters of credit Method and system for issuing letters of credit

2011-01-25

2011-01-25

Oyebisi, Ojo O (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07877324

ABSTRACT:
A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.

REFERENCES:
patent: 2004/0172368 (2004-09-01), Johnson
Steiner, Beat (Real Property Probate & Trust Journal v28 n1 pp. 125-176 Spring 1993 ISSN: 0034-0855 Journal Code: ARPP).

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