Patent ID: 8078521
Filing Date: 2011-12-13
Classification: G06Q

Abstract:
1. A method of settling credit default swap contracts, the method comprising acts of: receiving, by an administrator processor from a plurality of participant computers, market orders/requests for physical settlement of a deliverable obligation for the credit default swap contracts; determining, by the administrator processor, an imbalance between net sell and net buy positions for the deliverable obligation for the credit default swap contracts based on the received market orders/requests for physical settlement of the deliverable obligation; receiving, by the administrator processor, limit orders; and determining, by the administrator processor, whether there is an imbalance between net sell and net buy positions for the deliverable obligation for the credit default swap contracts based on the received limit orders, wherein when the imbalance between the net sell and the net buy positions for the deliverable obligation for the credit default swap contracts is not satisfied based on the received limit orders, the method comprises acts of: