Patent ID: 6691094
Filing Date: 2004-02-10
Classification: G06Q

Abstract:
A bank loan trading method for matching buyers with sellers of bank loans, comprising the steps of:using a computer or other system to post to buyers and sellers bank loan information regarding bank loans for sale; entering by one or more of said sellers offers for respective ones of the posted bank loans entering by one or more of said buyers bids or respective ones of the posted bank loans; posting to said buyers and sellers the bids and offers for each of the posted bank loans; determining whether a match exists between one of said bids and one of said offers for the same bank loan; filling the matching bid and offer by conducting a trade between the buyer entering said one of said bids and the seller entering said one of said offers; and further comprising the steps of a buyer or a seller or both designating whether a partial order may be filled, for both bids and offers, are carried out by designating an All or None order, a Partial Fill order, or Partial Increments Only order; said All or None order representing an order having a possible fill amount of only said bank loan dollar amount, said Partial Fill order representing an order having possible fill amounts of increments of a predetermined size greater than the unit of currency of said loan between and including a minimum size and said bank loan dollar amount, and said Partial Increments Only order representing an order having possible fill amounts of said minimum size, incremental amounts greater than said minimum size and less than said bank loan dollar amount in increments of an increment size greater than the unit of currency of said loan, and said bank loan dollar amount, said minimum size and said increment amount being designated by a seller entering said offer or a buyer entering said bid.