Related. This party pays the beneficiary the amount indicated at the time of the change. The draft replacement method offers seller S an attractive alternative method to trade or trade the first exchange. The design replacement process is often preferable to updating the first exchange, which can be difficult or requires an unacceptable discount depending on the buyer`s reputation. In accordance with the design of the substitution procedure of the invention, the seller presents the first exchange as well as proof of the occurrence of the triggering event, which may be, for example, a delivery instrument, to the financial institution or to a third-party manager acting on behalf of the financial institution. The first exchange may be held as collateral by the financial institution or third-party manager and may be used at any time, together with the delivery instrument or any other proof of event, until the due date of the change (date) to force payment to the duration provided for by international contracts and Saxons. The separate maintenance of the guarantees put in place by the first stock exchange leaves the financial institution a great deal of leeway in the settlement of receipts and payments. “change” means any financial instrument customary in the course of international trade, such as change, change or assumptions of trading or documents; As described above, the previously authorized change of invention demonstrates the buyer`s willingness to pay in specific time and the buyer`s ability to pay can be demonstrated, upon request, by an external agency that may, if necessary, offer an “increase in credit quality”. The combination of willingness to pay and ability to pay creates collateral value in the context of a previously authorized change, reinforced by the declaration of intent to pay signed by the buyer. On another aspect, the invention provides new financial instruments useful for the exercise of the new methods of trade finance described below, as shown below. Other aspects of the invention provide computer-insecure procedures for the management and monitoring of a trade finance process in an appropriate manner for management by a third-party administrator and also provide software and computer systems for the implementation of the procedures disclosed therein. These methods include the use of distributed workflow management software to coordinate the software procedures for implementing the invention with the requirements of existing contracts and their successors, as well as industry practices, in accordance with the commercial agreements between buyer and seller and their business objectives. For example, in the case of a buyer who wants to buy goods from a seller, with the intention of paying in 6 months, the sales contract is between the buyer and the seller.
(v) the assets of the party are assumed under a guarantee contract, an office or a mortgage; In step 9, Buyer B accepts the product and then confirms its acceptance by signing the projects and sending them to Seller S, column 3, lines 54-55 and column 4, lines 57 to 58. Seller S approves each project on the back of the document and the offer to the financial organization FO at purchase, step 10, see column 3, lines 62-65 and column 4, line 60. . . .