{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11475517","patent":{"patent_number":"US-11475517","title":"Allocating dynamic documentary conditions for letters of credit amongst beneficiaries","assignee":null,"inventors":[],"filing_date":"2021-08-13T00:00:00.000Z","publication_date":"2022-10-18T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06Q","G06Q","H04L","H04L","H04L","H04L"],"num_claims":23,"abstract":"To use letters of credit (LCs) as UMR collateral, LC data structures need to continuously reallocate undrawn LC stated amounts amongst Counterparties in real-time. The disclosed automated agent software modules perform these allocations and re-allocations without the need for LC amendments and under UMR Custodian control. Each LC can be credited to the Counterparty's account and digital tokens can be specified in the LC data structure and provided to the UMR Custodian for allocation as documentary conditions for LC payment. The LC stated amount honored must match the digital tokens allocated and not already used for payment. Individual or Joint Beneficiary LC stated amounts represent potential maximum LC capacity and whatever digital tokens held in an account represent the available capacity for draw. The digital tokens are deactivated or dereferenced from the LC data structure after payment, ensuring that a demand for payment can never exceed the available payment capacity."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Allocating dynamic documentary conditions for letters of credit amongst beneficiaries","description":"To use letters of credit (LCs) as UMR collateral, LC data structures need to continuously reallocate undrawn LC stated amounts amongst Counterparties in real-time. The disclosed automated agent softwa","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11475517","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11475517","citation_suggestion":"Patentable. \"Allocating dynamic documentary conditions for letters of credit amongst beneficiaries\" (US-11475517). https://patentable.app/patents/US-11475517","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11475517","json":"https://patentable.app/api/llm-context/US-11475517","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-31T09:23:25.429Z"}