Patent ID: 7571132
Filing Date: 2009-08-04
Classification: G06Q

Abstract:
1. A method of operating a computerized forfaiting exchange to develop forfaiting transactions for settlement, comprising the following steps: a. providing access to the computerized forfaiting exchange to sellers and buyers; b. providing a counter party selection document on request to a seller or buyer to view via the computerized forfaiting exchange, where the counter Party selection document contains classes of counter parties together with counter party selection entry facilities; c. permitting a seller to identify classes of buyers with whom they will, or will not, develop a forfaiting transaction, by entering selections on the counter party selection document using the counter party selection entry facilities; d. providing an offer document on request to a seller to view via the computerized forfaiting exchange, where the offer document includes the following items: e. permitting the seller to create an instance of the offer document, by: f. permitting the seller to submit an instance of the offer document, so that it becomes available to view by potential buyers from only the classes of buyers identified as being those whom the seller will develop the transaction; g. providing a counter offer document on request to a buyer after the buyer has viewed the offer document, where the counter offer document contains counter offer selection and counter offer information entry facilities for entry of variations; and h. permitting the buyer to create an instance of the counter offer document by entering selections and information using the counter offer selection and information entry facilities, and to submit the counter offer instance, so that it becomes available to the seller.