I developed a new form of clearing settlements between business executives.

Producers showed interest to my offer to use in calculations the bank certificate of the rights for money instead of the financial obligation of bank. I developed a new form of clearing settlements between business executives, by calculations by the certificate of the property right to money. The certificate is emitted by bank in which there is money of the owner of the certificate. The certificate transfers the ownership to the sum of money in bank issuer.

The bank issuer of the certificate is the payer in the contract of delivery of end products to his client and the owner of the money received from sale to production to consumers. Issue of the certificate is carried out for the purpose of payment of end products by this certificate. Thus, the sum of issue is equal to the cost of end products.

The certificate serves a turn-over of means of production of end products and brings in the income from a turn-over to bank. Upon completion of a turn-over, i.e. sale of end products and receiving payment for it, the certificate exchanges on the financial obligation of bank in the sum equal to cost of end products. Thus, the bank yet doesn't give the financial obligation and doesn't pay money.

The bank issuer accepts the certificate from the participant of production at a rate of its share of the current expenses for a value added from the cost of end products. The bank will pay only the current costs of a value added and taxes, by money transfer to the bank account of the owner of the certificate in time a month before these expenses.  These are internal expenses of the business executive and they have regular character.  The sum of expenses changes not considerably.

In fact, the bank issuer will carry out functions of the central bank for participants of production of end products since calculations are carried out by money resource which emits bank. For service of a turn-over of the certificate, the bank issuer will keep the certificate register to depositaries of executing banks. These relations on maintaining the register also represent an essence of a new operating system of calculations. The certificate has the form similar to a form of a paperless security (valuable paper), and is served by the custody account (account-depot). The certificate is the administrative document by analogy to the warehouse certificate. Distinction that instead of the certificate of the rights for goods, the right for money at the bearer of the document makes sure.

Absolutely new relations in a banking system and with clients without use of monetary debts are built. Any bank, as the payer the certificate for end products can be bank issuer. The name of bank issuer is depersonalized for the owner of the custody account as the depositary considers certificates of different banks issuers on one custody account. It allows the owner of the custody account to pay the certificate of means of production of any end products, and not just that for which received the certificate.

The turn-over depersonalized and a dividend on the sum of the certificate allows not to touch money in bank issuer for service of relations of production. If not to use money and in the consumer market, at payment of expenses for a value added, except the taxes, the executing bank can use the cash card. At payment of end products according to the card, the debt of executing bank, between executing bank and bank issuer carries out ordinary offset.

The system of calculations allows to increase much quantity and the sum of trade relations without issue of the financial obligation. The turn-over is the real value which will provide to bank the constant income at elimination of dependence of bank from a share of an obligatory bank reserve.