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THE NEW ORLEANS EXCHANGE

THE NEW ORLEANS EXCHANGE Patent applications
Patent application numberTitlePublished
20100017324SYSTEM AND METHOD FOR TRADING FINANCIAL ASSETS - A system and method are disclosed that enables commoditization and trading of accounts receivable. The system preferably enables companies to reduce time for outstanding invoices to be paid by providing a marketplace for cash advanced in payment of invoices. The system and method preferably establishes an account accessible to the system to receive payment from obligors. The system provides at least one of a primary market for auctioning, and a secondary market for trading of accounts receivable.01-21-2010