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Method and system for creating and verifying derivative contract terms using party relationships

  • US 20020123956A1
  • Filed: 05/16/2001
  • Published: 09/05/2002
  • Est. Priority Date: 05/16/2000
  • Status: Abandoned Application
First Claim
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1. A method for determining the terms of an exchange-of-value transaction, the method comprising the steps of:

  • requesting the terms of an exchange-of-value transaction by a requesting party;

    identifying value chain participants to the exchange-of-value transaction whose relationship data affect the terms of the exchange-of-value transaction;

    determining what relationship data from said value chain participants is relevant to the terms of the exchange-of-value transaction;

    retrieving the relevant relationship data from said value chain participants;

    applying derivation rules to said relevant relationship data to derive terms of the exchange-of-value transaction based on the relationships between said value chain participants;

    adding additional terms to the exchange-of-value transaction that are not derived from said relationship data;

    including all said derivative terms and said additional terms as the terms of the requested exchange-of-value transaction; and

    returning said exchange-of-value transaction terms to a receiving party.

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