The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 06, 2009
Filed:
Dec. 04, 2003
Fides Carlos, Livingston, NJ (US);
Glenn D. J. Ransier, Middletown, NJ (US);
Farhad Subjally, Chatham, NJ (US);
Shankar Subramaniam, Frankfurt am Main, DE;
Imran Yusuf, Piscataway, NJ (US);
Fides Carlos, Livingston, NJ (US);
Glenn D. J. Ransier, Middletown, NJ (US);
Farhad Subjally, Chatham, NJ (US);
Shankar Subramaniam, Frankfurt am Main, DE;
Imran Yusuf, Piscataway, NJ (US);
American Express Bank Ltd., New York, NY (US);
Abstract
A system and method for facilitating the negotiation of credits. The bank issuing the credit and a nominated bank agree to program conditions pursuant to which the nominated bank, based upon its own examination of documents presented under the credit and before said documents are forwarded to, received, and accepted by the issuing bank, will pay, accept, or negotiate the credit with no or limited recourse to the issuing bank for discrepancies in the documents.