Patent ID: 8099347
Filing Date: 2012-01-17
Classification: G06F,G06Q

Abstract:
1. A method for processing financial instruments on a system of digital computers and related storage devices, networks and peripherals, said method comprising (a) providing a plurality of financial event templates recorded in at least one storage device read by at least one said computer, each financial event template comprising at least one financial event component, and defining, for each variable within said at least one financial event component that points to another financial event component, a processor-independent interface to said other financial event component, and further providing a processing interface as part of each said financial event component; (b) for at least one such financial instrument, constructing a representation of said instrument comprising at least a static representation of said instrument, by steps comprising (c) providing at least one processing object recorded in at least one storage device read by at least one said computer, said processing object (A) comprising procedures adapted to access said representation of said instrument through said processor interfaces, and (B) specified independently from said static representation; and (d) executing said procedures of said processing object upon said financial event components through said processing interfaces.