Patent ID: 7822676

Claim:
A data processing system to enable the formulation of a multi-party risk management contract, the system comprising: a data storage unit having stored therein information about at least one product, each product having a set of possible outcomes at a future time of maturity; and a computer, coupled to said data storage unit that is configured to: (a) receive from a first party, contract data relating to a first product, the contract data specifying an entitlement for each said possible outcome due to the first party at maturity and a consideration due to a second party; (b) receive from at least one of said second parties, independently of said first party, registering data as to a likelihood of each outcome in said set of possible outcomes relating said first product; (c) price and match a contract from said contract data and said registering data, the pricing including calculating a counter consideration from said registering data and said contract data, and the matching including comparing said consideration with each said counter consideration to match an offered contract with at least one of said second parties; and (d) confirm match of said offered contract to said first party and said at least one of said second parties.