Patent ID: 7769669
Filing Date: 2010-08-03
Classification: G06Q

Abstract:
1. An electronic netting system, the system comprising: (a) a plurality of individual, segregated counterparty systems providing bilateral trades; (b) a multi-lateral transaction hub: (i) providing an aggregation of trades between counterparties; (ii) providing multi-lateral netting of selected and authorized bilateral trades; and (iii) apportioning the accumulated trade values among the counterparties according to pre-determined netting parameters including a weighted distribution selectable by at least one of the counterparties, the transaction hub including: (i) a trade processing system; and (ii) a netting system in communication with the trade processing system providing optimized, multi-lateral netting of selected and authorized bilateral trades and apportioning the accumulated trade values among the counterparties; and (c) a trading system in communication with the transaction hub, wherein the multi-lateral netting operation comprises offsetting the value of obligations resulting from bilateral trades amongst three or more counterparties without terminating any of said trades.