Draft:Huddleston Exchange

The Huddleston Exchange is an instrument used in Finance to balance liability and equity between creditor and a debtor. Although attributed to, Mayor of Lincoln and Member of the British Parliament, it wasn't until the Mid 1700's that the Huddleston Exchange was used to settle a matter with Lloyds Insurance.

The wording of the exchange has changed over the 300 years however, the basis of the exchange are as follows.

An alleged debt obligation is raised between a Creditor and an alleged debtor. The Creditor demands in writing a sum to be paid. The Huddleston Exchange replies, offering to settle immediately and in full upon the Creditor providing in writing their legally binding assurance they will except full and immediate payment in Exchange for the proof of the debt.

By doing this, the alleged Debtor has removed any dispute. There is no avenue to judicial adjudication.

The Creditor must now produce the proof of Debt. Unless the Creditor assures they will accept full and immediate payment in direct Exchange for the instrument of indebtedness the alleged debtor is not obliged to make a payment upon any demand. This exchange of equity leaves the liability with the creditor not the debtor.

The Huddleston Exchange was used by the Huddleston Family and not widely known.

The current holder of the original documents of exchange is, of. Born in Northern Ireland, Lord Huddleston is a descendent of the Plantagenets.