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Systems, methods and computer program products for monitoring credit risks in electronic trading systems

  • US 6,317,727 B1
  • Filed: 10/12/1998
  • Issued: 11/13/2001
  • Est. Priority Date: 10/14/1997
  • Status: Expired due to Term
First Claim
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1. A system for credit screening a proposed electronic trade of a derivative between a first trader and a second trader, comprising:

  • means for receiving first credit preference information of said first trader with respect to said second trader, wherein said first credit preference information relates to at least one derivative, and wherein said first credit preference information is comprised of at least one of contract maturity and formulated risk equivalent;

    means for receiving second credit preference information of said second trader with respect to said first trader, wherein said second credit preference information relates to at least one derivative, and wherein said second credit preference information is comprised of at least one of contract maturity and formulated risk equivalent;

    means for evaluating said first and second credit preferences with respect to the trade of a first derivative to determine respective trade eligibility of said first and second traders to trade with each other; and

    means for reporting said respective trade eligibility of said proposed electronic trade to said first trader and said second trader.

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