PATENT CLAIM ANALYSIS

Application Number: 16036877
Application Type: Utility
Filing Date: 2018-07
Publication Date: 2018-11
Patent Classification: ["705", "038000"]

Abstract:
In an electronic supply chain finance system, a method of enabling a supplier to obtain funds includes receiving information from a buyer defining a payment obligation, receiving an offer to sell the payment obligation, and providing electronic instructions to print a negotiable instrument issued by the buyer, to the supplier as payee, having a payable date based on a maturity date of the payment obligation and a payment value based on a payment amount of the payment obligation.

Claim (Index 11):
An electronic supply chain finance system utilized by a buyer, a supplier that provides goods and/or services to the buyer and a financial institution, each of which is remote from the system and accesses the system through the Internet, comprising:\n a computer-readable medium containing program instructions; and a processor in operative communication with the computer-readable medium and including hardware or software based logic to execute the program instructions that implement a method comprising the steps of\n receiving over the Internet accounts payable information from an accounts payable system operating on a computer system of the buyer defining a payment obligation from the buyer to the supplier, the information comprising a payment amount of the payment obligation, a maturity date of the payment obligation, identification of the buyer, and identification of the supplier, \n receiving over the Internet instructions from a user associated with the first financial institution to print a negotiable instrument, wherein the negotiable instrument\n is drawn on a financial institution maintaining an account upon which the buyer may draw funds, \n is indorsed to the first financial institution as payee on behalf of the supplier as obligee, \n has a payable date based on the maturity date, and \n has a payment value based on the payment amount, \n \n creating a print request that is executable by a computer system of the first financial institution and that comprises data corresponding to the negotiable instrument and instructions to control printing format at the first financial institution computer system, \n providing to the computer system of the first financial institution over the Internet electronic instructions including a said print request that is, upon receipt at the first financial institution computer system, executable at the first financial institution computer system to cause the first financial institution computer system to print the negotiable instrument, indorsed to the first financial institution on behalf of the supplier as obligee thereof, wherein the negotiable instrument has the buyer as obligor, the supplier as obligee, a payable date based on the maturity date, and a payment value based on the payment amount, at least partially effecting a trade between the supplier and the first financial institution prior to the maturity date that is based on negotiation of the negotiable instrument, and \n generating an electronic funds transfer instruction to transfer to an account of the supplier from an account of the first financial institution of an amount of funds determined by financial terms under which the first financial institution agrees to trade the payment obligation and issuing the electronic funds transfer instruction to effect transfer of the amount of funds.

Metadata:
- Claim Count in Document: 62.0
- Percentile: 95.0
- Lexical Diversity: 1.82609
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['13283401', '12766435', '09264171', '11613348', '09638560']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1070313554628437
- 35 USC 102 Novelty (BERT): 0.7147408935372421
- Combined Prediction Score: 0.1678023092702836
- Mean Citation Score: 445.6426
- Max Citation Score: 856.1363
- Similarity Product: 740.2038125761688

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test