Method and a system for settlement of trading accounts
First Claim
1. An exchange system for settling accounts of users including buyers and sellers of telecommunication services in a plurality of communications networks, wherein the buyers and sellers input requests and offers using access stations connected to a wide area network, said exchange system comprising:
- an exchange server node connectable to the access stations of the buyers and sellers through the wide area network for matching the sellers'"'"' offers and the buyers'"'"' requests;
at least one switch node for routing telecommunications traffic between the communications networks in response to matched offers and requests;
a database connected to said exchange server node and storing information including account balances of the exchange system and each of the buyers and sellers; and
a financial module connected to said exchange server node for processing financial tasks.
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Accused Products
Abstract
A method of settling accounts of buyers and sellers of telecommunication services by an online exchange system includes storing data representing a financial account of at least one seller and at least one buyer, wherein the financial account includes at least one of accounts receivable and cash receipts. A service node receives an offer to sell the services from the at least one seller and requests to buy the services from the at least one buyer. The service node then matches the offers and requests in accordance with one or more parameters specified in the offers and requests. A route table is generated based on the routes specified in the matched offers and requests and a switch node is configured based on the route table. Fees are computed based on the usage of the matched routes and the financial accounts of the at least one seller and at least one buyer based on the computed fees.
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Citations
32 Claims
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1. An exchange system for settling accounts of users including buyers and sellers of telecommunication services in a plurality of communications networks, wherein the buyers and sellers input requests and offers using access stations connected to a wide area network, said exchange system comprising:
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an exchange server node connectable to the access stations of the buyers and sellers through the wide area network for matching the sellers'"'"' offers and the buyers'"'"' requests;
at least one switch node for routing telecommunications traffic between the communications networks in response to matched offers and requests;
a database connected to said exchange server node and storing information including account balances of the exchange system and each of the buyers and sellers; and
a financial module connected to said exchange server node for processing financial tasks. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A method of using an online exchange system for settling accounts of users including buyer and sellers of telecommunication services in a plurality of communication networks, wherein the buyers and sellers input requests and offers using access stations connected to a wide area network, the exchange system including an exchange server node connectable to the access stations of the users through the wide area network for matching the sellers'"'"' offer and the buyers'"'"' requests, said method comprising:
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storing account information of the exchange system and each of the buyers and sellers in a database;
tracking, by a tracking module connected with the exchange server node, information indicative of buyers'"'"' and sellers'"'"' usage of the telecommunication services in real time; and
adjusting, by a financial module connected with the exchange server node, the account balances of the exchange system and each of the users stored in the database in real time based on the tracked information. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32)
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Specification