Manufacturers have shown interest in my proposal to use the certificate of the right to money deposited in the bank
instead of a financial commitment in accounting.
I have developed a new method of
payment between business entities, by the certificate of property right to
money. The certificate is emitted by the bank in which money of the owner of
the certificate has been deposited. The bank-emitter of the certificate is the
payer in the contract of end products delivery to its client and also is the owner
of money received from sale of products to consumers.
Issue of the certificate is carried out for
payment of end products by this certificate. Thus the amount of emission is equal to the end products’
cost. The certificate serves the turnover of means of production of end products
and brings income from the turnover to the bank. When the turnover is closed, i.e. end products are sold, the certificate
will be exchanged for the financial commitment of the bank in the sum equal to
the end products’ cost. The emitting bank pays each participant of
production the amount of his share of expenses for a value added from the cost
of end products. The bank will pay only expenses for the value added and taxes,
by remittance to the bank account of the owner of the certificate one month
prior to these expenses. These expenses have regular character and the sum of
expenses does not change considerably.
In fact the emitting bank will carry out functions of the central bank
for participants of production of end products since accounting is carried out
by money resource which is issued by the bank. The monetary document displays a
debt of the central bank, instead of the commercial. For servicing the
certificate turnover, the emitting bank will keep a certificate’s register for
depositaries of executing banks. These relations of maintaining a register
represent an essence of a new operating system of accounting. The certificate has a form similar to that of a paperless security, and is served by a custody
account. The certificate is the administrative document by analogy to the warehouse
certificate. Instead of certifying the right to goods it certifies the right to
money for the documents’ bearer.
Absolutely new relations are built within banking system and with clients without use
of monetary debts. Any bank, as the payer the certificate for end products can be bank
issuer. The name of emitting bank is depersonalized for the owner of the custody account as the
depositary considers certificates of different emitting banks on one custody
account. It allows to pay for means of production of end products by the
certificate received from any emitting bank. The turnover of a depersonalized and
divisible certificate allows not to touch money in emitting bank to service production
relations.
If money is not to be used in the consumer market than the executing
bank can use a bank card for payment of value added expenses, except for the
taxes. When payment for the end production is made by the executive’s bank card,
an ordinary offset takes place between the emitting and executing banks. The accounting
settlement system allows increasing 10 times the quantity and the sum of trade
relations without issue of a financial commitment. The turnover is a real value
which will provide the bank with a constant income when the bank’s dependence
from obligatory reserve share is eliminated (stability of bank).
