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 16):
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 a computer network, comprising:\n a computer-readable medium containing program instructions; 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 network information from the buyer defining a payment obligation from the buyer to the supplier, \n creating a negotiable instrument as an electronic record in memory defined by the computer readable medium, wherein\n the electronic record defines the buyer as obligor, and the supplier as obligee, of the negotiable instrument, \n the electronic record defines a payable date of the negotiable instrument based on a maturity date of the payment obligation and a payment value based on a payment amount of the payment obligation, and \n the electronic record includes an identifier, \n \n providing to a computer system of the financial institution over the computer network electronic instructions including a print request that is, upon receipt at the computer system of the financial institution, executable at the computer system of the financial institution computer system to cause the financial institution computer system to print the negotiable instrument, indorsed on behalf of the supplier in favor of the financial institution as payee, and \n repeatedly applying a function to the electronic record that produces an output data that varies as a function of data stored in the electronic record so that the output varies non-repeatedly with variations in the data stored in the electronic record, and storing the output data separately from the electronic record in the memory; and \n an interface that, for parties remote from the system, controls access by the parties through the computer network to a plurality of negotiable instrument electronic records created through performances of the creating step by the processor so that said access is limited to said plurality of negotiable instrument electronic records, each said negotiable instrument electronic record of the plurality having a said identifier that is unique with respect to said identifiers of the other negotiable instrument electronic records of the plurality.

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): 0.1052738043512528
- 35 USC 102 Novelty (BERT): 0.7253874864624451
- Combined Prediction Score: 0.1672851725623721
- Mean Citation Score: 445.6426
- Max Citation Score: 856.1363
- Similarity Product: 770.2570399994075

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