Patent ID: 7024383

Claim:
A computerized apparatus system for facilitating management of risk associated with conducting a transaction for at least one of goods and services, said transaction conducted in multiple currencies, and said computerized apparatus system comprising: a host computer comprising a processor and a storage for digital data; and executable software stored on the host computer storage and executable on demand, the software operative with the host computer processor to cause the host computer to: store in the host computer storage digital data identifying a seller of at least one of: goods and services; store in the host computer storage digital data descriptive of a currency exchange price that relates a base currency to a foreign currency and which is effective for currency amounts involved in multiple transactions comprising at least one of goods and services, sold by the seller and based upon a projected amount of sales received; indicate in the host computer storage a predetermined period of time during which the currency exchange price is effective for amounts exchanged as a result of multiple transactions involving the sale of at least one of: goods and services, sold by the seller; receive into the host computer storage digital data descriptive of multiple executed transactions, wherein the digital data descriptive of the multiple executed transactions comprises an indication that the transactions involved at least one of: goods and services sold by the seller, and wherein the digital data additionally comprises an amount of foreign currency involved in the multiple transactions and the date each of the multiple transactions were executed; determine that one or more of the executed transactions were executed during the period of time during which the currency exchange price is effective; and calculate an amount of foreign currency to be exchanged according to the currency exchange price based upon the amount of foreign currency transacted in the one or more transactions executed during the period of time during which the currency exchange price is effective; and an e-commerce participant computer comprising a processor and a storage; and executable software stored on the e-commerce participant computer storage and executable on demand, the software operative with the e-commerce participant computer processor to cause the e-commerce participant computer to: calculate the projected amount of sales which will be transacted by the seller during the period of time during which the currency exchange price is effective; transmit the projected amount of sales to the host computer; receive the currency exchange price that relates a base currency to a foreign currency which is effective for one or more transactions involving the sale of at least one of: goods and services, sold by the seller; and calculate a sale price for at least one of: a good and service wherein the sale price is denominated in a foreign currency and based upon the currency exchange price.