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Systems and methods for inventory financing

An asset management system and inventory technology, used in finance, data processing applications, instruments, etc., can solve problems such as damage or theft, affecting everyone's credit rating, and tax liability inventory loss.

Inactive Publication Date: 2008-07-16
UNITED PARCEL SERVICE OF AMERICAN INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, obtaining ownership of the inventory presents several disadvantages to the lender, such as the need to register distressed assets on the balance sheet, which affects the credit rating of the owner, tax liabilities associated with owning the inventory, and liability for loss of inventory, Risk of damage or theft

Method used

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  • Systems and methods for inventory financing
  • Systems and methods for inventory financing
  • Systems and methods for inventory financing

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Embodiment Construction

[0033] The present invention will now be described more fully with reference to the accompanying drawings, in which some, but not all, embodiments are shown. Indeed, the invention may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. Rather, these embodiments are provided so that this disclosure will satisfy applicable legal requirements. Like reference numerals refer to like parts throughout.

[0034] As will be appreciated by those skilled in the art, the present invention may be implemented as a method, a data processing system, or a computer program product. Accordingly, the present invention may take the form of an entirely hardware implementation, an entirely software implementation, or an implementation combining software and hardware aspects. Additionally, the present invention can take the form of a computer program product on a computer-readable storage medium, with computer-readable program instructions...

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Abstract

The present invention provides systems and methods for inventory financing. Embodiments of the present invention provide a method that enables lenders to offer more favorable financing arrangements to borrowers willing to pledge their warehouse inventory as collateral for the financing arrangement. Specifically, the system provides a mechanism by which lenders can receive more information about, and exercise greater control over, warehoused inventory that secures financing arrangements , the system provides the lender with a guarantee that they can get collateral in case the borrower defaults. Such information may include, for example, what is in the inventory, where the inventory is located, the quantity of each asset in the inventory, the value of each asset in the inventory, and whether the lender can obtain and Liquidate assets.

Description

technical field [0001] The present invention relates to systems and methods for inventory financing. Background technique [0002] Inventory financing includes financing arrangements where inventory is used as collateral for financing. Typically, inventory financing is available when the inventory is selling well and there is no risk of obsolescence. In determining the cost of providing inventory financing to a borrower, lenders or their agents consider the risk of imposing the loan, the possibility of incurring, perfecting, and enforcing a lien on the inventory in the event of default or bankruptcy of the borrower probability and the likelihood that stock will be available. These risks are especially present for U.S. lenders when the inventory secured by the loan is held in warehouses outside the U.S. due to differences between jurisdictions in how security interests are created and perfected. [0003] Lenders or their agents offer various types of financing arrangements...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/00G06Q10/00
CPCG06Q10/087G06Q40/00G06Q40/03
Inventor 卡尔文·E·小布朗特马克·科纳尔
Owner UNITED PARCEL SERVICE OF AMERICAN INC