Patent ID: 8725609

Claim:
A method for continuous intraday final settlement of payment orders among a plurality of participants, each participant having facilities configured to electronically send and receive the payment orders in the form of payment messages, the method comprising the steps of: storing a plurality of primary positions, corresponding to balances in a prefunded balance account, each position representing a right of one of the participants to payment from the prefunded balance account; storing a plurality of supplemental positions, corresponding to balances in the prefunded balance account, each position representing a right of one of the participants to payment from the prefunded balance account; receiving a payment message from a sending participant of the plurality of participants; releasing the payment message in accordance with at least one algorithm that enforces distinct rule sets on primary positions and supplemental positions; and wherein the at least one algorithm comprises at least the following rule: each withdrawing participant of the plurality of participants can withdraw funds from a respective supplemental position of the withdrawing participant when the funds are less than or equal to an amount of supplemental position deposits made to the prefunded balance account by the withdrawing participant.