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System and method for specifying a financial transaction

  • US 20030220856A1
  • Filed: 05/22/2002
  • Published: 11/27/2003
  • Est. Priority Date: 05/22/2002
  • Status: Abandoned Application
First Claim
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1. A method of providing information about a financial transaction to a plurality of functional units of a financial institution, said method comprising:

  • assembling a specification for said financial transaction, said assembling comprising;

    obtaining data descriptive of a transaction template from an electronic storage medium, said electronic storage medium comprising data descriptive of a plurality of pre-defined transaction templates, each of said transaction templates comprising a sequential list of instructions, at least one of said instructions comprising a financial transaction term in a contractual style grammar, each of said instructions comprising a variable corresponding to an account; and

    using a computer system to perform at least one of the following group of actions;

    removing at least one of said instructions from said sequential list;

    adding an instruction to said sequential list; and

    modifying at least one of said instructions; and

    generating, based on said specification, a plurality of operable tools, each of said tools adapted for use by a different functional unit of said plurality of functional units of said financial institution.

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