Securities settlement system
First Claim
1. A securities settlement system for clearing trades comprising an input for receiving trade information, a selector for selecting a group of trades to be cleared, an aggregation unit for determining an aggregated obligation to be cleared by each user associated with the group of trades and a settlement unit for executing the aggregated obligations for each user to clear the trades in the group of trades.
2 Assignments
0 Petitions
Accused Products
Abstract
A securities settlement system for clearing trades comprising an input for receiving trade information, a selector for selecting a group of trades to be cleared, an aggregation unit for determining an aggregated obligation to be cleared by each user associated with the group of trades and a settlement unit for executing the aggregated obligations for each user to clear the trades in the group of trades.
56 Citations
16 Claims
- 1. A securities settlement system for clearing trades comprising an input for receiving trade information, a selector for selecting a group of trades to be cleared, an aggregation unit for determining an aggregated obligation to be cleared by each user associated with the group of trades and a settlement unit for executing the aggregated obligations for each user to clear the trades in the group of trades.
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5. Method of clearing trades in a securities settlement system, comprising the steps of:
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receiving information relating to a number of trades;
selecting a group of trades from said number of trades;
determining an aggregated obligation to be cleared for each user associated with the group of trades; and
executing the aggregated obligation for each user, thereby clearing the group of trades. - View Dependent Claims (6, 7, 8, 9)
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- 10. A securities settlement system for clearing trades comprising an input for receiving trade information, a sorting unit for sorting out trades associated with a specific sorting criteria and an aggregation unit for determining an aggregated obligation to be cleared for each user.
- 13. A securities settlement system for clearing trades comprising an means for receiving trade information, means for selecting a group of trades to be cleared, means for determining an aggregated obligation to be cleared by each user associated with the group of trades and means for executing the aggregated obligations for each user to clear the trades in the group of trades.
Specification