Patent ID: 9311675
Filing Date: 2016-04-12
CPC Classification: G06Q

Claim Text:
1. A computer implemented method of facilitating a payment between a first trader and a second trader by a central counterparty which requires the first and second traders to each maintain associated accounts in which funds are deposited to cover trading losses, the central counterparty comprising a payment processor, a settlement processor, a margin processor, and a memory coupled with the payment, settlement and margin processors, the method comprising: providing, by the central counterparty, an account database stored in the memory, the account database comprising a first account record associated with the first trader which includes data reflecting funds maintained on account to cover trading losses by the first trader, and a second account record associated with the second trader which includes data reflecting funds maintained on account to cover trading losses by the second trader; performing, periodically by the central counterparty, based on a first position in a first instrument held by the first trader to which the second trader is a counterparty: wherein the first position and the periodic payment amounts are characterized by economic characteristics similar to economic characteristics of an Exchange Trade Fund.