Patent ID: 7778896
Filing Date: 2010-08-17
Classification: G06Q

Abstract:
1. A Depositary Receipt authority system, comprising: at least one computer network; a database configured to store information related to the issuance and cancellation of Depositary Receipts; computer memory configured to store instructions; and a processor coupled with the memory, the database, and the at least one computer network, the processor configured to execute the instructions, the instructions configured to cause the processor to: receive a request from another processor via the at least one computer network to convert purchased ordinary shares to Depositary Receipts; automatically communicate directions to certain computer systems via the at least one computer network to facilitate the conversion of purchased ordinary shares to Depositary Receipts; obtain a foreign exchange rate quote for the conversion from a foreign exchange dealer authority; determine a pass through cost to convert the ordinary shares based on the quoted foreign exchange rate and the information stored in the database; present the determined pass through cost for approval; receive an approval of the determined pass through cost; and accept the quoted foreign exchange rate based on the received approval.