Now, back to your question; I've never seen a case where a mortgage / insurance company traded the settlement value of a life policy in that way. (ampminsure.org)
We in the US are in a T +3 [trade settlement in three days] world today. (gfmag.com)
«Year on year, [at] the end of 2013, we saw 124 per cent growth in outward remittances of renminbi for trade settlement with China,» he said. (afr.com)