Abstract: A method of paying for a product is traded from a seller to a buyer, wherein a bill of exchange is issued by the seller and accepted by the buyer. The bill of exchange can be payable at a certain future date to the order of the seller at a first financial institution and drawn on the buyer at a second financial institution and becomes a negotiable instrument at the certain future date without reference to the transaction. The method can include: originating the bill of exchange from an originator who is not the seller; signing of the bill of exchange by the buyer then the seller and the seller then issuing of the bill of exchange. The method can also include negotiating the bill of exchange after issuance and on or after the certain future date to effect payment. The bill of exchange can be issued and accepted before a triggering event.

Abstract: In accordance with the invention a method for moving goods and/or services from a seller to a buyer and involving the transport of goods or a report or other like document or thing is disclosed. At the same time, the invention assures the movement of a payment for the goods and/or services from the buyer to the seller. This is done by the buyer executing a first document having indicia purporting to legally bind the buyer upon the happening of an event. The buyer sends to the seller the first document having those indicia purporting to legally bind the buyer upon the happening of that event. In accordance with the invention, the buyer executes a second document having indicia indicating information describing a commercial transaction and sends to the seller the second document having indicia indicating information describing that commercial transaction.

Abstract: A simplified trade finance method useful, inter alia, in international trade in goods or services, a “traded product”, can employ one, and preferably two, novel, modified bills of exchange. A first bill of exchange, which is a payment draft, is executed by a buyer B, and returned to seller S prior to release of the traded product by seller S. Seller S can obtain credit verification of the first bill of exchange, if necessary, before releasing the traded product, protecting seller S from failure of buyer B to pay. The first bill of exchange can be dormant and non-negotiable until activated by an event agreeable to buyer B, for example, release of the traded product. Buyer B is thus protected against seller S delaying or failing to ship the traded product after having received a payment instrument from buyer B.