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Systems and methods for trading and originating financial products using a computer network

  • US 7,035,820 B2
  • Filed: 08/10/2001
  • Issued: 04/25/2006
  • Est. Priority Date: 08/10/2000
  • Status: Active Grant
First Claim
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1. A computerized method for trading financial products over a computer network, comprising:

  • receiving seller information from a first client device over said network, the seller information relating to a financial product offered for sale on behalf of a seller, at least some of the seller information comprising due diligence information, the due diligence information fulfilling at least a portion of a request for due diligence on the financial product;

    storing the seller information about the financial product in a database;

    making the due diligence information available over said network to a second client device on behalf of a potential buyer of the financial product;

    storing in the database data of whether a potential buyer has obtained said due diligence information; and

    storing in the database a bid for the financial product from the second client only if the second client has obtained the due diligence information, wherein said bid is data comprising at least an amount offered to purchase said financial product.

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