Bidder system using multiple computers communicating data to carry out selling fixed income instruments

• US 7,685,053 B2
• Filed: 03/24/2005
• Issued: 03/23/2010
• Est. Priority Date: 10/28/1992
• Status: Expired due to Fees

• Current Assignee: Graff/Ross Holdings LLP
• Original Assignee: Graff/Ross Holdings LLP
• Inventors: Graff, Richard A.
• Primary Examiner(s): Colbert; Ella
• Application Number:
  US11/088,419
• Publication Number:
  US 20050222930A1
• Time in Patent Office: 1,825 Days
• Field of Search: 705/36, 705/36.R, 705/35, 705/37, 235/379
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/10 Tax strategies
• CPC Class Codes: G06Q 40/123 Tax preparation or submission
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing

Abstract

An electronic system, the system for selling fixed income instruments, the system including a second computer having an output device and at least one buyer'"'"'s computer having an electrically coupled input device and a monitor, the buyer'"'"'s computer and the second computer being respectively located, the computers being used in cooperation in a multiple computer system in electronically communicating data between the computers.

Claims

1. A method of using an apparatus in producing financial analysis output in selling fixed income instruments to multiple buyers, the method including:

receiving at a first processor of a first computer system, from a second processor of a second computer system, data associated with a price a first buyer is willing to pay for a first at least one fixed income instrument, the first computer system being a seller computer system, the first buyer being one of the multiple buyers, each respective one of said at least one fixed income instrument being a respective one of the fixed income instruments;

program-controlling the first processor in automatically computing a first yield/discount rate at least in part from at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate being associated with said first at least one fixed income instrument; and

outputting financial analysis output comprised of the first yield/discount rate to one of the second computer system and a third computer system of another one of the multiple buyers.

2. The method of claim 1, wherein the receiving includes receiving the price the first buyer is willing to pay for the first at least one fixed income instrument.

3. The method of claim 1, wherein the receiving is carried out with the second computer system being a computer system of one of the multiple buyers, and the outputting includes outputting the financial analysis output to each of the second computer system and the third computer system.

4. The method of claim 3, wherein the receiving includes receiving the price the first buyer is willing to pay for the first at least one fixed income instrument.

5. The method of claim 1, wherein the program-controlling includes providing a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

6. The method of claim 2, wherein the program-controlling includes providing a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

7. The method of claim 3, wherein the program-controlling includes providing a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

8. The method of claim 4, wherein the program-controlling includes providing a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

9. The method of claim 1, wherein the program-controlling includes automatically computing a respective risk-free yield/discount rate for each of more than one maturity and including each said respective risk-free yield/discount rate in the financial analysis output.

10. The method of claim 2, wherein the program-controlling includes automatically computing a respective risk-free yield/discount rate for each of more than one maturity and including each said respective risk-free yield/discount rate in the financial analysis output.

11. The method of claim 9, wherein the program-controlling includes each said respective risk-free yield/discount rate being associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

12. The method of claim 10, wherein the program-controlling includes each said respective risk-free yield/discount rate being associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

13. The method of claim 1, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

14. The method of claim 2, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

15. The method of claim 3, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

16. The method of claim 4, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

17. The method of claim 1, wherein each of said first at least one fixed income instrument is a corporate debt security.

18. The method of claim 2, wherein each of said first at least one fixed income instrument is a corporate debt security.

19. The method of claim 3, wherein each of said first at least one fixed income instrument is a corporate debt security.

20. The method of claim 4, wherein each of said first at least one fixed income instrument is a corporate debt security.

21. The method of claim 1, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

22. The method of claim 2, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

23. The method of claim 1, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

24. The method of claim 2, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

25. The method of claim 3, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

26. The method of claim 4, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the financial analysis output, each said respective yield/discount rate being associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

27. The method of claim 1, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

28. The method of claim 2, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

29. The method of claim 3, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

30. The method of claim 4, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

31. The method of claim 1, further including controlling the first processor in generating a system-determined purchase price for said first at least one fixed income instrument, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

32. The method of claim 2, further including controlling the first processor in generating a system-determined purchase price for said first at least one fixed income instrument, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

33. The method of claim 3, further including controlling the first processor in generating a system-determined purchase price for said first at least one fixed income instrument, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

34. The method of claim 4, further including controlling the first processor in generating a system-determined purchase price for said first at least one fixed income instrument, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

35. The method of claim 1, further including controlling the first processor in generating a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

36. The method of claim 2, further including controlling the first processor in generating a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

37. The method of claim 3, further including controlling the first processor in generating a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

38. The method of claim 4, further including controlling the first processor in generating a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

39. The method of claim 1, further including controlling the first processor in generating a respective corresponding price for each of the multiple buyers, including a first corresponding price for the first buyer as one of each said respective corresponding price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first corresponding price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

40. The method of claim 2, further including controlling the first processor in generating a respective corresponding price for each of the multiple buyers, including a first corresponding price for the first buyer as one of each said respective corresponding price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first corresponding price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

41. The method of claim 3, further including controlling the first processor in generating a respective corresponding price for each of the multiple buyers, including a first corresponding price for the first buyer as one of each said respective corresponding price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first corresponding price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

42. The method of claim 4, further including controlling the first processor in generating a respective corresponding price for each of the multiple buyers, including a first corresponding price for the first buyer as one of each said respective corresponding price, in selling the fixed income instruments to the multiple buyers, and in producing second financial analysis output including the first system-determined purchase price, wherein:

the first corresponding price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

43. The method of claim 39, wherein the controlling includes controlling the first processor in generating a respective system-determined purchase price as a respective one of each said respective corresponding price.

44. The method of claim 40, wherein the controlling includes controlling the first processor in generating a respective system-determined purchase price as a respective one of each said respective corresponding price.

45. The method of claim 41, wherein the controlling includes controlling the first processor in generating a respective system-determined purchase price as a respective one of each said respective corresponding price.

46. The method of claim 42, wherein the controlling includes controlling the first processor in generating a respective system-determined purchase price as a respective one of each said respective corresponding price.

47. The method of claim 39, wherein the controlling includes program-controlling the first processor in automatically generating each said respective corresponding price.

48. The method of claim 40, wherein the controlling includes program-controlling the first processor in automatically generating each said respective corresponding price.

49. The method of claim 41, wherein the controlling includes program-controlling the first processor in automatically generating each said respective corresponding price.

50. The method of claim 42, wherein the controlling includes program-controlling the first processor in automatically generating each said respective corresponding price.

372. The method of claim 31, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

373. The method of claim 32, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

374. The method of claim 33, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

375. The method of claim 34, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

376. The method of claim 35, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

377. The method of claim 36, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

378. The method of claim 37, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

379. The method of claim 38, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the program-controlling includes program-controlling the first processor in automatically computing a respective yield/discount rate for each of more than one maturity and including each said respective yield/discount rate in the first financial analysis output, each said respective yield/discount rate being associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

380. The method of claim 372, wherein the second financial analysis output includes a financial document.

381. The method of claim 373, wherein the second financial analysis output includes a financial document.

382. The method of claim 374, wherein the second financial analysis output includes a financial document.

383. The method of claim 375, wherein the second financial analysis output includes a financial document.

384. The method of claim 376, wherein the second financial analysis output includes a financial document.

385. The method of claim 377, wherein the second financial analysis output includes a financial document.

386. The method of claim 378, wherein the second financial analysis output includes a financial document.

387. The method of claim 379, wherein the second financial analysis output includes a financial document.

388. The method of claim 31, wherein each of said first at least one fixed income instrument is a corporate debt security.

389. The method of claim 32, wherein each of said first at least one fixed income instrument is a corporate debt security.

390. The method of claim 33, wherein each of said first at least one fixed income instrument is a corporate debt security.

391. The method of claim 34, wherein each of said first at least one fixed income instrument is a corporate debt security.

392. The method of claim 35, wherein each of said first at least one fixed income instrument is a corporate debt security.

393. The method of claim 36, wherein each of said first at least one fixed income instrument is a corporate debt security.

394. The method of claim 37, wherein each of said first at least one fixed income instrument is a corporate debt security.

395. The method of claim 38, wherein each of said first at least one fixed income instrument is a corporate debt security.

396. The method of claim 47, wherein each of said first at least one fixed income instrument is a corporate debt security.

397. The method of claim 48, wherein each of said first at least one fixed income instrument is a corporate debt security.

398. The method of claim 49, wherein each of said first at least one fixed income instrument is a corporate debt security.

399. The method of claim 50, wherein each of said first at least one fixed income instrument is a corporate debt security.

400. The method of claim 47, wherein the producing includes producing the second financial analysis output including a financial document.

401. The method of claim 48, wherein the producing includes producing the second financial analysis output including a financial document.

402. The method of claim 49, wherein the producing includes producing the second financial analysis output including a financial document.

403. The method of claim 50, wherein the producing includes producing the second financial analysis output including a financial document.

404. The method of claim 380, wherein the producing includes producing the second financial analysis output including a financial document.

405. The method of claim 381, wherein the producing includes producing the second financial analysis output including a financial document.

406. The method of claim 382, wherein the producing includes producing the second financial analysis output including a financial document.

407. The method of claim 383, wherein the producing includes producing the second financial analysis output including a financial document.

408. The method of claim 384, wherein the producing includes producing the second financial analysis output including a financial document.

409. The method of claim 385, wherein the producing includes producing the second financial analysis output including a financial document.

410. The method of claim 386, wherein the producing includes producing the second financial analysis output including a financial document.

411. The method of claim 387, wherein the producing includes producing the second financial analysis output including a financial document.

412. The method of claim 388, wherein the producing includes producing the second financial analysis output including a financial document.

413. The method of claim 389, wherein the producing includes producing the second financial analysis output including a financial document.

414. The method of claim 390, wherein the producing includes producing the second financial analysis output including a financial document.

415. The method of claim 391, wherein the producing includes producing the second financial analysis output including a financial document.

51. An apparatus to produce financial analysis output in a system to sell fixed income instruments to multiple buyers, the apparatus adapted to carry out the operations of:

receiving at a first processor of a first computer system, from a second processor of a second computer system, data associated with a price a first buyer is willing to pay for a first at least one fixed income instrument, the first computer system being a seller computer system, the first buyer being one of the multiple buyers; and

program-controlling the first processor in automatically computing a first yield/discount rate at least in part from at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate being associated with said first at least one fixed income instrument; and

outputting financial analysis output comprised of the first yield/discount rate to one of the second computer system and a third computer system of another one of the multiple buyers.

54. The apparatus of claim 51, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

57. The apparatus of claim 51, wherein the second computer system is a computer system of the first buyer, and wherein the first processor is program-controlled to output the financial analysis output to each of the second computer system and the third computer system.

60. The apparatus of claim 57, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

63. The apparatus of claim 51, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

66. The apparatus of claim 54, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

69. The apparatus of claim 51, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

72. The apparatus of claim 54, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

75. The apparatus of claim 69, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

78. The apparatus of claim 72, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

81. The apparatus of claim 51, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

84. The apparatus of claim 54, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

87. The apparatus of claim 57, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

90. The apparatus of claim 60, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

93. The apparatus of claim 51, wherein each of said first at least one fixed income instrument is a corporate debt security.

96. The apparatus of claim 54, wherein each of said first at least one fixed income instrument is a corporate debt security.

99. The apparatus of claim 57, wherein each of said first at least one fixed income instrument is a corporate debt security.

102. The apparatus of claim 60, wherein each of said first at least one fixed income instrument is a corporate debt security.

105. The apparatus of claim 51, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

108. The apparatus of claim 54, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

111. The apparatus of claim 57, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

114. The apparatus of claim 60, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

117. The apparatus of claim 51, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

120. The apparatus of claim 54, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

123. The apparatus of claim 57, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

126. The apparatus of claim 60, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

129. The apparatus of claim 51, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

132. The apparatus of claim 54, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

135. The apparatus of claim 57, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

138. The apparatus of claim 60, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

141. The apparatus of claim 105, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

144. The apparatus of claim 108, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

147. The apparatus of claim 111, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

150. The apparatus of claim 114, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

153. The apparatus of claim 81, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

156. The apparatus of claim 84, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

159. The apparatus of claim 87, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

162. The apparatus of claim 90, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

165. The apparatus of claim 51, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

168. The apparatus of claim 54, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

171. The apparatus of claim 57, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

174. The apparatus of claim 60, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

177. The apparatus of claim 105, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

180. The apparatus of claim 108, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

183. The apparatus of claim 111, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

186. The apparatus of claim 114, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

189. The apparatus of claim 51, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

192. The apparatus of claim 54, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

195. The apparatus of claim 57, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

198. The apparatus of claim 60, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

201. The apparatus of claim 51, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

204. The apparatus of claim 54, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

207. The apparatus of claim 57, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

210. The apparatus of claim 60, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

213. The apparatus of claim 51, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

216. The apparatus of claim 54, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

219. The apparatus of claim 57, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

222. The apparatus of claim 60, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

225. The apparatus of claim 213, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

228. The apparatus of claim 216, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

231. The apparatus of claim 219, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

234. The apparatus of claim 222, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

237. The apparatus of claim 213, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

240. The apparatus of claim 216, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

243. The apparatus of claim 219, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

246. The apparatus of claim 222, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

249. The apparatus of claim 201, wherein each of said first at least one fixed income instrument is a corporate debt security.

252. The apparatus of claim 204, wherein each of said first at least one fixed income instrument is a corporate debt security.

255. The apparatus of claim 207, wherein each of said first at least one fixed income instrument is a corporate debt security.

258. The apparatus of claim 210, wherein each of said first at least one fixed income instrument is a corporate debt security.

261. The apparatus of claim 237, wherein each of said first at least one fixed income instrument is a corporate debt security.

264. The apparatus of claim 240, wherein each of said first at least one fixed income instrument is a corporate debt security.

267. The apparatus of claim 243, wherein each of said first at least one fixed income instrument is a corporate debt security.

270. The apparatus of claim 246, wherein each of said first at least one fixed income instrument is a corporate debt security.

273. The apparatus of claim 249, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

276. The apparatus of claim 252, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

279. The apparatus of claim 255, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

282. The apparatus of claim 258, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

285. The apparatus of claim 261, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

288. The apparatus of claim 264, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

291. The apparatus of claim 267, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

294. The apparatus of claim 270, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

297. The apparatus of claim 249, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

300. The apparatus of claim 252, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

303. The apparatus of claim 255, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

306. The apparatus of claim 258, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

309. The apparatus of claim 261, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

312. The apparatus of claim 264, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

315. The apparatus of claim 267, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

318. The apparatus of claim 270, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

324. The apparatus of claim 201, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

327. The apparatus of claim 204, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

330. The apparatus of claim 207, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

333. The apparatus of claim 210, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

336. The apparatus of claim 237, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

339. The apparatus of claim 240, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

342. The apparatus of claim 243, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

345. The apparatus of claim 246, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

348. The apparatus of claim 324, wherein the second financial analysis output includes a financial document.

351. The apparatus of claim 327, wherein the second financial analysis output includes a financial document.

354. The apparatus of claim 330, wherein the second financial analysis output includes a financial document.

357. The apparatus of claim 333, wherein the second financial analysis output includes a financial document.

360. The apparatus of claim 336, wherein the second financial analysis output includes a financial document.

363. The apparatus of claim 339, wherein the second financial analysis output includes a financial document.

366. The apparatus of claim 342, wherein the second financial analysis output includes a financial document.

369. The apparatus of claim 345, wherein the second financial analysis output includes a financial document.

52. An apparatus to produce financial analysis output in a system to sell fixed income instruments to multiple buyers, the apparatus including:

a first computer system, a second computer system, and a third computer system, wherein the first computer system is a seller computer system, wherein the first computer system includes a first processor, wherein the first processor is controlled to receive data associated with a price a first buyer is willing to pay for a first at least fixed income instrument from a second processor of the second computer system, wherein the first buyer is one of the multiple buyers, wherein the third computer system is a computer system of another one of the multiple buyers, and wherein the first processor is program-controlled to automatically compute a first yield/discount rate at least in part from at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, wherein the first yield/discount rate is associated with said first at least one fixed income instrument, and to output financial analysis output comprised of the first yield/discount rate to one of the second computer system and the third computer system.

55. The apparatus of claim 52, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

58. The apparatus of claim 52, wherein the first processor is program-controlled to output the financial analysis output to each of the second computer system and the third computer system.

61. The apparatus of claim 58, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

64. The apparatus of claim 52, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

67. The apparatus of claim 55, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

70. The apparatus of claim 52, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

73. The apparatus of claim 55, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

76. The apparatus of claim 70, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

79. The apparatus of claim 73, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

82. The apparatus of claim 52, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

85. The apparatus of claim 55, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

88. The apparatus of claim 58, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

91. The apparatus of claim 61, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

94. The apparatus of claim 52, wherein each of said first at least one fixed income instrument is a corporate debt security.

97. The apparatus of claim 55, wherein each of said first at least one fixed income instrument is a corporate debt security.

100. The apparatus of claim 58, wherein each of said first at least one fixed income instrument is a corporate debt security.

103. The apparatus of claim 61, wherein each of said first at least one fixed income instrument is a corporate debt security.

106. The apparatus of claim 52, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

109. The apparatus of claim 55, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

112. The apparatus of claim 58, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

115. The apparatus of claim 61, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

118. The apparatus of claim 52, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

121. The apparatus of claim 55, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

124. The apparatus of claim 58, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

127. The apparatus of claim 61, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

130. The apparatus of claim 52, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

133. The apparatus of claim 55, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

136. The apparatus of claim 58, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

139. The apparatus of claim 61, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

142. The apparatus of claim 106, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

145. The apparatus of claim 109, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

148. The apparatus of claim 112, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

151. The apparatus of claim 115, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

154. The apparatus of claim 82, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

157. The apparatus of claim 85, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

160. The apparatus of claim 88, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

163. The apparatus of claim 91, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

166. The apparatus of claim 52, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

169. The apparatus of claim 55, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

172. The apparatus of claim 58, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

175. The apparatus of claim 61, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

178. The apparatus of claim 106, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

181. The apparatus of claim 109, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

184. The apparatus of claim 112, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

187. The apparatus of claim 115, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

190. The apparatus of claim 52, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

193. The apparatus of claim 55, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

196. The apparatus of claim 58, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

199. The apparatus of claim 61, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

202. The apparatus of claim 52, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

205. The apparatus of claim 55, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

208. The apparatus of claim 58, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

211. The apparatus of claim 61, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

214. The apparatus of claim 52, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

217. The apparatus of claim 55, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

220. The apparatus of claim 58, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

223. The apparatus of claim 61, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

226. The apparatus of claim 214, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

229. The apparatus of claim 217, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

232. The apparatus of claim 220, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

235. The apparatus of claim 223, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

238. The apparatus of claim 214, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

241. The apparatus of claim 217, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

244. The apparatus of claim 220, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

247. The apparatus of claim 223, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

250. The apparatus of claim 202, wherein each of said first at least one fixed income instrument is a corporate debt security.

253. The apparatus of claim 205, wherein each of said first at least one fixed income instrument is a corporate debt security.

256. The apparatus of claim 208, wherein each of said first at least one fixed income instrument is a corporate debt security.

259. The apparatus of claim 211, wherein each of said first at least one fixed income instrument is a corporate debt security.

262. The apparatus of claim 238, wherein each of said first at least one fixed income instrument is a corporate debt security.

265. The apparatus of claim 241, wherein each of said first at least one fixed income instrument is a corporate debt security.

268. The apparatus of claim 244, wherein each of said first at least one fixed income instrument is a corporate debt security.

271. The apparatus of claim 247, wherein each of said first at least one fixed income instrument is a corporate debt security.

274. The apparatus of claim 250, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

277. The apparatus of claim 253, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

280. The apparatus of claim 256, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

283. The apparatus of claim 259, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

286. The apparatus of claim 262, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

289. The apparatus of claim 265, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

292. The apparatus of claim 268, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

295. The apparatus of claim 271, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

298. The apparatus of claim 250, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

301. The apparatus of claim 253, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

304. The apparatus of claim 256, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

307. The apparatus of claim 259, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

310. The apparatus of claim 262, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

313. The apparatus of claim 265, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

316. The apparatus of claim 268, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

319. The apparatus of claim 271, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

325. The apparatus of claim 202, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

328. The apparatus of claim 205, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

331. The apparatus of claim 208, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

334. The apparatus of claim 211, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

337. The apparatus of claim 238, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

340. The apparatus of claim 241, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

343. The apparatus of claim 244, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

346. The apparatus of claim 247, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

349. The apparatus of claim 325, wherein the second financial analysis output includes a financial document.

352. The apparatus of claim 328, wherein the second financial analysis output includes a financial document.

355. The apparatus of claim 331, wherein the second financial analysis output includes a financial document.

358. The apparatus of claim 334, wherein the second financial analysis output includes a financial document.

361. The apparatus of claim 337, wherein the second financial analysis output includes a financial document.

364. The apparatus of claim 340, wherein the second financial analysis output includes a financial document.

367. The apparatus of claim 343, wherein the second financial analysis output includes a financial document.

370. The apparatus of claim 346, wherein the second financial analysis output includes a financial document.

53. An apparatus to produce financial analysis output in a system to sell fixed income instruments to multiple buyers, the apparatus including:

a first computer system, a second computer system, and a third computer system, wherein the first computer system is a seller computer system, wherein the first computer system includes a first processor and the second computer includes a second processor, wherein the second processor is controlled to communicate output data including data associated with a price a first buyer is willing to pay for a first at least fixed income instrument to the first processor, wherein the first buyer is one of the multiple buyers, wherein the third computer system is a computer system of another one of the multiple buyers, wherein the first processor is program-controlled to receive at least some of the output data, including the data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, and to automatically compute a first yield/discount rate at least in part from at least some of said data, wherein the first yield/discount rate is associated with said first at least one fixed income instrument, and to output financial analysis output comprised of the first yield/discount rate to one of the second computer system and the third computer system.

56. The apparatus of claim 53, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

59. The apparatus of claim 53, wherein the apparatus includes an other computer system, wherein:

the first processor is program-controlled to output the financial analysis output to each of the second computer system and the third computer system,

the first processor is controlled to output at least some of the financial analysis output including the first yield/discount rate to the other computer system, and

a processor of the other computer system is controlled to receive one of the at least some of the financial analysis output and another at least some of the financial analysis output, including the first yield/discount rate.

62. The apparatus of claim 59, wherein the data includes the price the first buyer is willing to pay for the first at least one fixed income instrument.

65. The apparatus of claim 53, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

68. The apparatus of claim 56, wherein the first processor is program-controlled to provide a respective risk-free yield/discount rate for each of more than one maturity in the financial analysis output.

71. The apparatus of claim 53, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

74. The apparatus of claim 56, wherein the first processor is program-controlled to automatically compute a respective risk-free yield/discount rate for each of more than one maturity and to include each said respective risk-free yield/discount rate in the financial analysis output.

77. The apparatus of claim 71, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

80. The apparatus of claim 74, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one Treasury fixed income instrument, wherein the first yield/discount rate is one of a second yield/discount rate and one of each said respective risk-free yield/discount rate.

83. The apparatus of claim 53, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

86. The apparatus of claim 56, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

89. The apparatus of claim 59, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

92. The apparatus of claim 62, wherein each of said first at least one fixed income instrument is a corporate fixed income instrument.

95. The apparatus of claim 53, wherein each of said first at least one fixed income instrument is a corporate debt security.

98. The apparatus of claim 56, wherein each of said first at least one fixed income instrument is a corporate debt security.

101. The apparatus of claim 59, wherein each of said first at least one fixed income instrument is a corporate debt security.

104. The apparatus of claim 62, wherein each of said first at least one fixed income instrument is a corporate debt security.

107. The apparatus of claim 53, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

110. The apparatus of claim 56, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

113. The apparatus of claim 59, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

116. The apparatus of claim 62, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate fixed income instrument, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate fixed income instrument that corresponds to the first yield/discount rate.

119. The apparatus of claim 53, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

122. The apparatus of claim 56, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

125. The apparatus of claim 59, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

128. The apparatus of claim 62, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the financial analysis output, wherein each said respective yield/discount rate is associated in the financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

131. The apparatus of claim 53, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

134. The apparatus of claim 56, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

137. The apparatus of claim 59, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

140. The apparatus of claim 62, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

143. The apparatus of claim 107, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

146. The apparatus of claim 110, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

149. The apparatus of claim 113, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

152. The apparatus of claim 116, wherein the first at least one fixed income instrument includes a first one of the fixed income instruments and an other one of the fixed income instruments and wherein the program-controlling includes computing a price the first buyer is willing to pay for one of said first one of the fixed income instruments and said other one of the fixed income instruments.

155. The apparatus of claim 83, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

158. The apparatus of claim 86, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

161. The apparatus of claim 89, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

164. The apparatus of claim 92, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the financial analysis output.

167. The apparatus of claim 53, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

170. The apparatus of claim 56, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

173. The apparatus of claim 59, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

176. The apparatus of claim 62, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

179. The apparatus of claim 107, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

182. The apparatus of claim 110, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

185. The apparatus of claim 113, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

188. The apparatus of claim 116, wherein one of the second processor and a processor of the third computer system receives at least some of the financial analysis output.

191. The apparatus of claim 53, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

194. The apparatus of claim 56, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

197. The apparatus of claim 59, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

200. The apparatus of claim 62, wherein the first processor is controlled to generate a system-determined purchase price for said first at least one fixed income instrument, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including the first system-determined purchase price, wherein:

the system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

said first at least one fixed income instrument is sold to the first buyer,

the system-determined purchase price is a purchase price for said first at least one fixed income instrument,

said first at least one fixed income instrument is the respective at least one fixed income instrument that corresponds to the first buyer, and

the system-determined purchase price is one of the price the first buyer is willing to pay for the first at least one fixed income instrument and another price the first buyer is willing to pay for said first at least one fixed income instrument.

203. The apparatus of claim 53, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

206. The apparatus of claim 56, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

209. The apparatus of claim 59, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

212. The apparatus of claim 62, wherein the first processor is controlled to generate a respective system-determined purchase price for each of the multiple buyers, including a first system-determined purchase price for the first buyer as one of each said respective system-determined purchase price, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective system-determined purchase price, wherein:

the first respective system-determined purchase price is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first system-determined purchase price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

215. The apparatus of claim 53, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

218. The apparatus of claim 56, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

221. The apparatus of claim 59, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

224. The apparatus of claim 62, wherein the first processor is controlled to generate a respective corresponding price for each of the multiple buyers, to sell the fixed income instruments to the multiple buyers, and to produce second financial analysis output including each said respective corresponding purchase price, wherein:

the respective corresponding price for the first buyer is generated at least in part from one of the at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, another at least some of said data associated with the price the first buyer is willing to pay for the first at least one fixed income instrument, the first yield/discount rate, and the price the first buyer is willing to pay,

a respective at least one fixed income instrument is sold to each respective one of said multiple buyers at the respective corresponding price,

the respective at least one fixed income instrument that corresponds to the first buyer is one of said first at least one fixed income instrument and another at least one fixed income instrument, and

the first corresponding price is one of said price the first buyer is willing to pay for the first at least one fixed income instrument, another price the first buyer is willing to pay for the first at least one fixed income instrument, and a price the first buyer is willing to pay for said another at least one fixed income instrument.

227. The apparatus of claim 215, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

230. The apparatus of claim 218, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

233. The apparatus of claim 221, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

236. The apparatus of claim 224, wherein the first processor is controlled to generate a respective system-determined purchase price as the respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

239. The apparatus of claim 215, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

242. The apparatus of claim 218, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

245. The apparatus of claim 221, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

248. The apparatus of claim 224, wherein the first processor is program-controlled to automatically generate each said respective corresponding price at which each respective one of said respective at least one fixed income instrument is sold to each respective one of said multiple buyers.

251. The apparatus of claim 203, wherein each of said first at least one fixed income instrument is a corporate debt security.

254. The apparatus of claim 206, wherein each of said first at least one fixed income instrument is a corporate debt security.

257. The apparatus of claim 209, wherein each of said first at least one fixed income instrument is a corporate debt security.

260. The apparatus of claim 212, wherein each of said first at least one fixed income instrument is a corporate debt security.

263. The apparatus of claim 239, wherein each of said first at least one fixed income instrument is a corporate debt security.

266. The apparatus of claim 242, wherein each of said first at least one fixed income instrument is a corporate debt security.

269. The apparatus of claim 245, wherein each of said first at least one fixed income instrument is a corporate debt security.

272. The apparatus of claim 248, wherein each of said first at least one fixed income instrument is a corporate debt security.

275. The apparatus of claim 251, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

278. The apparatus of claim 254, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

281. The apparatus of claim 257, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

284. The apparatus of claim 260, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

287. The apparatus of claim 263, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

290. The apparatus of claim 266, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

293. The apparatus of claim 269, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

296. The apparatus of claim 272, wherein the first processor is controlled to produce the second financial analysis output including a financial document.

299. The apparatus of claim 251, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

302. The apparatus of claim 254, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

305. The apparatus of claim 257, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

308. The apparatus of claim 260, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

311. The apparatus of claim 263, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

314. The apparatus of claim 266, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

317. The apparatus of claim 269, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

320. The apparatus of claim 272, wherein one of the second processor and a processor of the third computer system is controlled to receive at least some of the second financial analysis output.

321. The apparatus of claim 59, wherein the processor of the other computer system is controlled to display the first yield/discount rate on a monitor.

322. The apparatus of claim 59, wherein each of said first at least one fixed income instrument is a corporate debt security.

323. The apparatus of claim 321, wherein each of said first at least one fixed income instrument is a corporate debt security.

326. The apparatus of claim 203, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

329. The apparatus of claim 206, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

332. The apparatus of claim 209, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

335. The apparatus of claim 212, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one debt security that corresponds to the first yield/discount rate.

338. The apparatus of claim 239, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

341. The apparatus of claim 242, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

344. The apparatus of claim 245, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

347. The apparatus of claim 248, wherein the financial analysis output comprised of the first yield/discount rate comprises first financial analysis output, wherein the first processor is program-controlled to automatically compute a respective yield/discount rate for each of more than one maturity and to include each said respective yield/discount rate in the first financial analysis output, wherein each said respective yield/discount rate is associated in the first financial analysis output with a respective corresponding at least one corporate debt security, wherein the first yield/discount rate is one of each said respective yield/discount rate, and wherein each respective one of said first at least one fixed income instrument is a respective one of the respective corresponding at least one corporate debt security that corresponds to the first yield/discount rate.

350. The apparatus of claim 326, wherein the second financial analysis output includes a financial document.

353. The apparatus of claim 329, wherein the second financial analysis output includes a financial document.

356. The apparatus of claim 332, wherein the second financial analysis output includes a financial document.

359. The apparatus of claim 335, wherein the second financial analysis output includes a financial document.

362. The apparatus of claim 338, wherein the second financial analysis output includes a financial document.

365. The apparatus of claim 341, wherein the second financial analysis output includes a financial document.

368. The apparatus of claim 344, wherein the second financial analysis output includes a financial document.

371. The apparatus of claim 347, wherein the second financial analysis output includes a financial document.