Apparatus and method of a distributed capital system
First Claim
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1. A computer implemented method of conducting financial transactions over a computerized network, having at least a first client computer connected thereto, comprising:
- initiating a request at the first client computer for a financial transaction, said request being received at one of a second client computer or a first server;
obtaining information, at said second client computer or said first server, from at least one entity having at least one of a third client computer or a second server involved in said financial transaction;
confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and
performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least said one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof.
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Abstract
Methods, systems, and articles of manufacture consistent with the present invention provide for conducting financial transactions over a network. A user requests to execute at least one financial transaction with at least one of a number of parties, each of the parties corresponding to a data processing system on the network. Real-time financial information relating to the financial transaction is obtained, and the user can test and confirm that the financial transaction with the at least one party can take place prior to execution of the financial transaction.
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Citations
89 Claims
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1. A computer implemented method of conducting financial transactions over a computerized network, having at least a first client computer connected thereto, comprising:
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initiating a request at the first client computer for a financial transaction, said request being received at one of a second client computer or a first server; obtaining information, at said second client computer or said first server, from at least one entity having at least one of a third client computer or a second server involved in said financial transaction; confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least said one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof. - 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, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 51)
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47. A computer implemented method of conducting a financial transaction over a computerized network, having at least a first client computer connected thereto, comprising:
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initiating a request at the first client computer for a first financial transaction, said request being received at one of a second client computer or a server; receiving information, at any of said client computers or said server, on at least one potential participant in said first financial transaction; notifying, at any of said client computers or said server, said at least one potential participant of said first financial transaction; and performing said first financial transaction, at said second client computer or said server, based on predetermined parameters input by at least said one potential participant, or said client computers or said server involved in said first financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof. - View Dependent Claims (48, 49, 50, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63)
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64. A financial services system comprising:
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means for initiating a request at a first client computer for a financial transaction, said request being received at one of a second client computer or a first server; means for obtaining information, at said second client computer or said first server, from at least one entity having at least one of a third client computer or a second server involved in said financial transaction; means for confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and means for performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least said one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof. - View Dependent Claims (65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79)
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80. A financial services system comprising:
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means for initiating a request at a first client computer for a first financial transaction, said request being received at one of a second client computer or a server; means for receiving information, at any of said client computers or said server, on at least one potential participant in said first financial transaction; means for notifying, at any of said client computers or said server, said at least one potential participant of said first financial transaction; and means for performing said first financial transaction, at said second client computer or said server, based on predetermined parameters input by at least said one potential participant, or said client computers or said server involved in said first financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof. - View Dependent Claims (81, 82, 83)
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84. A computer-readable medium whose contents cause a computer system to perform financial transactions over a computerized network having at least a first client computer connected thereto, the computer system having a program which performs the steps of:
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initiating a request at the first client computer for a financial transaction, said request being received at one of a second client computer or a first server; obtaining information, at said second client computer or said first server, from at least one entity having at least one of a third client computer or a second server involved in said financial transaction; confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof.
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85. A computer-readable medium whose contents cause a computer system to perform financial transactions over a computerized network, having at least a first client computer connected thereto, the computer system having a program which performs the steps of:
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initiating a request at the first client computer for a first financial transaction, said request being received at one of a second client computer or a server; receiving information, at any of said client computers or said server, on at least one potential participant in said first financial transaction; notifying, at any of said client computers or said server, said at least one potential participant of said first financial transaction; and performing said first financial transaction, at said second client computer or said server, based on predetermined parameters input by at least said one potential participant, or said client computers or said server involved in said first financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution or risk, or an optimal combination thereof.
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86. A computer system adapted to perform financial services over a computerized network, having at least a first client computer connected thereto, comprising:
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at least one memory including a program having instructions adapted to enable a computer system to perform the steps of; initiating a request at the first client computer for a financial transaction, said request being received at one of a second client computer or a first server; obtaining information, at said second client computer or said first server, from at least one entity having at least one of a third client computer or a second server involved in said financial transaction; confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least said one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof; and at least one processor which runs said program.
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87. A computer system adapted to perform financial services over a computerized network, having at least a first client computer connected thereto, comprising:
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at least one memory including a program having instructions adapted to enable the computer system to perform the steps of; initiating a request at the first client computer for a first financial transaction, said request being received at one of a second client computer or a server; receiving information, at any of said client computers or said server, on at least one potential participant in said first financial transaction; notifying, at any of said client computers or said server, said at least one potential participant of said first financial transaction; and performing said first financial transaction, at said second client computer or said server, based on predetermined parameters input by at least said one potential participant, or said client computers or said server involved in said first financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof; and at least one processor which runs said program.
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88. A computer program product stored in a computer readable medium for enabling a computer to perform financial transactions over a computerized network, having at least a first client computer connected thereto, comprising:
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software instructions for enabling the computer to perform predetermined operations, and said computer readable medium bearing the software instructions; the predetermined operations including the steps of; initiating a request at the first client computer for a financial transaction, said request being received at one of a second client computer or a first server; obtaining information, at said second client computer or said first server from at least one entity having at least one of a third client computer or a second server involved in said financial transaction; confirming, at said second client computer or said first server, with said at least one entity that said financial transaction can be executed; and performing said financial transaction, at said second client computer or said first server, based on predetermined parameters input by at least said one entity, or said client computers or said servers involved in said financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof.
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89. A computer program product for enabling a computer to perform financial transactions over a computerized network, having at least a first client computer connected thereto, comprising:
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software instructions for enabling the computer to perform predetermined operations, and a computer readable medium bearing the software instructions; the predetermined operations including the steps of; initiating a request at the first client computer for a first financial transaction, said request being received at one of a second client computer or a server; receiving information, at any of said client computers or said server, on at least one potential participant in said first financial transaction; notifying, at any of said client computers or said server, said at least one potential participant of said first financial transaction; and performing said first financial transaction, at said second client computer or said server, based on predetermined parameters input by at least said one potential participant, or said client computers or said server involved in said first financial transaction, that optimize capital or risk distribution utilizing at least a netting process, the results of said netting process which include at least one of an optimal number of payments or value transfers, an optimal amount of capital movement, an optimal distribution of risk, or an optimal combination thereof.
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Specification