System for settling over the counter trades
First Claim
1. A method of pre-screening an order entered by a first party into an electronic trading system to determine whether to make the order executable by a second party, the method comprising:
- providing an electronic trading system comprising at least one server comprising memory for storing instructions and a processor executing said instructions;
evaluating, via the electronic trading system, at least two alternative methods of settlement; and
determining, via the electronic trading system, that at least one method of settlement is at least one of commonly available and acceptable to both parties.
3 Assignments
0 Petitions
Accused Products
Abstract
A system for automatically determining a trade settlement pathway comprising: receiving trade pathway preferences from a first and second party with respect to each other; wherein the trade is settled through clearing if both parties have available accounts with a clearing firm and the trade satisfies each party'"'"'s clearing account credit limitations; and wherein the trade is settled bilaterally if at least one party does not have an available clearing account or both parties prefer to settle the trade bilaterally, and the trade satisfies each party'"'"'s bilateral credit limitations.
47 Citations
19 Claims
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1. A method of pre-screening an order entered by a first party into an electronic trading system to determine whether to make the order executable by a second party, the method comprising:
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providing an electronic trading system comprising at least one server comprising memory for storing instructions and a processor executing said instructions; evaluating, via the electronic trading system, at least two alternative methods of settlement; and determining, via the electronic trading system, that at least one method of settlement is at least one of commonly available and acceptable to both parties. - View Dependent Claims (2)
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3. A method of a second party executing an order entered into an electronic trading system by a first party, the method comprising:
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providing an electronic trading system comprising at least one server comprising memory for storing instructions and a processor executing said instructions; evaluating, via the electronic trading system, at least two alternative methods of settlement; determining, via the electronic trading system, that at least one method of settlement is at least one of commonly available and acceptable to both parties; and the electronic trading system enabling the trade to be executed where it is determined that there is at least one of a commonly available and acceptable settlement method between the parties. - View Dependent Claims (4, 5, 6)
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7. A method of selecting a method of settlement for a trade executed between a first party and a second party using an electronic trading system, the method comprising:
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providing an electronic trading system comprising at least one server comprising memory for storing instructions and a processor executing said instructions; establishing at least one settlement preference; evaluating, using the electronic trading system, the at least one settlement preference to identify a preferred method of settlement between the parties; and selecting, via the electronic trading system, the preferred method of settlement, where a preferred method of settlement is at least one of a commonly available and acceptable to both parties, to settle the trade. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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Specification