Exchange Traded Receivables [ETR] are debts that are evidenced by a contract showing a monetary obligation of one entity to another that has, or will be, Traded on Credebt Exchange. Evidence of an ETR can be a contract, an order, an invoice or any other type of document that proves the existence of a debt and the entity that is liable for that debt. Once Traded, the ETR monetary obligation belongs to Credebt Exchange and the liability must be settled in full to extinguish the debt
2.02 What is a Contract?
Means, in relation to any ETR (point 2.03 below), as applicable, any and all contracts, understandings, instruments, agreements, invoices, refunds, notes, purchase orders, accounts receivable, payment obligations, Letter of Credit, promissory note, payment by installments, lease payment obligations or other writings (including an agreement evidenced by a purchase order or similar document) pursuant to or under which a Person becomes or is obligated to make payment in respect of such ETR
2.01 What is an Invoice?
An invoice is evidence of a Contract (point 2.02 below) with an obligation on the recipient (the debtor) to pay