Patent ID: 7774247
Filing Date: 2010-08-10
Classification: G06Q

Abstract:
1. A method of presenting on a display device of a trading party station terms for a proposed transaction in a forwards contract for interests traded over a network, the forwards contract having associated therewith a near date, a far date and a notional amount of principal nominally to be paid at the far date of the contract, the terms for the proposed transaction being provided to the trading party station by at least one computer, the trading party station comprising a computer coupled to the display device and to an input device by means of which a proposed transaction in a forwards contract can be selected at the trading party station, the trading party station and the at least one computer communicating over the network, the method comprising: the at least one computer providing to and the trading party station displaying in a first screen on the display device a proposed forwards contract transaction of a party other than the trading party, the proposed transaction displayed on the display device being selectable via the input device; in response to selection at the trading party station via the input device of the proposed transaction, the at least one computer providing to and the trading party station displaying on the display device a trade confirmation screen with terms of the selected proposed transaction, including: (i) an identification of the interest, (ii) a near date, (iii) a far date, (iv) a price, and (v) a price indicator item that indicates whether the price being displayed is a notional amount, or an amount indicating a present value of the notional amount at the far date; in response to selection of the price indicator item in the trade confirmation screen displayed on the display device via the input device, changing the trade confirmation screen to display (i) the present value amount in the event that the notional amount is being displayed upon selection of the price indicator item, and (ii) the notional amount in the event that the present value amount is being displayed upon selection of the price indicator item; the trade confirmation screen also including a trade acceptance indicator item and a trade rejection indicator item, the trade acceptance indicator item and the trade rejection indicator item being selectable at the trading party station via the input device; in response to selection of the trade acceptance indicator item in the trade confirmation screen displayed on the display device via the input device, the at least one computer initiating acceptance of a trade represented by the terms of the proposed transaction displayed on the trade confirmation screen, and in response to selection of the trade rejection indicator item in the trade confirmation screen displayed on the display device via the input device, the at least one computer not initiating acceptance of the trade represented by the terms of the proposed transaction displayed on the trade confirmation screen; and displaying in the trade confirmation screen displayed on the display device the amount indicating the present value at least when the item selection made via the input device is for changing the trade confirmation screen to display the present value amount.