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System and method for conducting web-based financial transactions in capital markets

  • US 6,347,307 B1
  • Filed: 06/13/2000
  • Issued: 02/12/2002
  • Est. Priority Date: 06/14/1999
  • Status: Expired due to Term
First Claim
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1. A system for facilitating transactions involving the exchange of financial instruments, the system comprising:

  • (a) a transaction data parser that can extract transaction data describing a transaction conducted using the system, wherein the transaction data can include;

    (i) a type of the transaction;

    (ii) a plurality of parties to the transaction, including a member user and a provider user selected by the member user from a plurality of provider users;

    (iii) a payment schedule pursuant to which a first party to the transaction will make one or more payments to a second party to the transaction; and

    (iv) rate information which can include information relating to an interest rate or an exchange rate that can affect the calculation of the amount of one or more of the payments made pursuant to the payment schedule;

    (b) a reference data parser that can extract profile information about the parties to the transaction; and

    (c) a market data parser that can extract market data provided to the system, the market data including market interest rates or currency exchange rate.

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