Patent ID: 7599877
Filing Date: 2009-10-06
Classification: G06Q

Abstract:
1. A platform-independent method of collateral matching and mark to market reconcilement using a global communications network, comprising: receiving by a transaction processor via the global communications network a first set of financial transaction data for at least one transaction from a first user and a second set of financial transaction data for the at least one transaction from a second user, wherein said financial transaction data comprises financial data and user instructional data, comparing by the transaction processor the first set of financial transaction data with the second set of financial transaction data to determine a collateral match decision for the at least one transaction; thereafter iteratively receiving from the first user by the transaction processor on succeeding periodic occasions a marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said first set of financial transaction data associated with said collateral match decision via the global communications network and iteratively receiving from the second user on each of said succeeding periodic occasions a marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said second set of financial transaction data associated with said collateral match decision via the global communications network; reconciling by the transaction processor on each of said succeeding periodic occasions the received marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said for said first set of financial transaction data associated with said collateral matched decision to the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision; providing by the transaction processor on each of said succeeding periodic occasions a netted value between the received mark-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matched decision and the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision; and receiving by the transaction processor on at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the first user of the marked-to-market valuation for the first set of financial transaction data for the at least one transaction, a first set of financial transaction data for at least one new financial transaction from the first user and receiving by the transaction processor on said at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the second user of the marked-to-market valuation for the second set of financial transaction data for the at least one transaction, a second set of financial transaction data for the at least one new financial transaction from the second user and comparing by the transaction processor the first set of financial transaction data for the at least one new financial transaction with the second set of financial transaction data for at the at least one new financial transaction to determine a collateral match decision for the at least one new financial transaction.