Business method for the determination of the best known value and best known value available for security and customer information as applied to reference data
First Claim
1. A business method allowing a Reference Data Facility (RDF) to provide high quality reference data to customers comprising the steps of:
- establishing independent contractual an arrangements or subscriptions between multiple customers and multiple data vendors, receiving by the RDF value streams from said multiple data vendors, validating by the RDF data received in the value streams, determining by the RDF a Best Known Value (BKV) for the validated data based on all vendor-supplied and publicly-available data available to the RDF, determining by the RDF a Best Known Value Available (BKVA) for each customer based on the independent contractual arrangements or subscriptions that entitle the customers to receive values from all, or some subset, of the data vendors, delivering by the RDF reference data based on the determined BKVA to said multiple customers, and insuring by the RDF that no customer receives data or benefits from the knowledge of data content from a vendor with whom they do not have a contractual arrangement or to whose data they are otherwise not entitled.
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Accused Products
Abstract
A business method allows a reference data facility to provide high quality reference data to multiple customers. The reference data service is predicated on establishing independent contractual arrangements or subscriptions between multiple customers and multiple data vendors. The reference data facility receives value streams from the multiple data vendors and delivers reference data based on those value streams to the multiple customers, depending on the independent contractual arrangements or subscriptions that entitle the customers to receive values from some subset of the data vendors. The reference data facility insures that no customer receives data or benefits from the knowledge of data content from a vendor with whom they do not have a contractual arrangement or to whose data they are otherwise not entitled.
10 Citations
29 Claims
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1. A business method allowing a Reference Data Facility (RDF) to provide high quality reference data to customers comprising the steps of:
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establishing independent contractual an arrangements or subscriptions between multiple customers and multiple data vendors, receiving by the RDF value streams from said multiple data vendors, validating by the RDF data received in the value streams, determining by the RDF a Best Known Value (BKV) for the validated data based on all vendor-supplied and publicly-available data available to the RDF, determining by the RDF a Best Known Value Available (BKVA) for each customer based on the independent contractual arrangements or subscriptions that entitle the customers to receive values from all, or some subset, of the data vendors, delivering by the RDF reference data based on the determined BKVA to said multiple customers, and insuring by the RDF that no customer receives data or benefits from the knowledge of data content from a vendor with whom they do not have a contractual arrangement or to whose data they are otherwise not entitled. - 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, 25, 26, 27, 28, 29)
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Specification