Patent ID: 8095437

Claim:
A financial transactions control system for imposing controls on the processing of financial transactions comprising: a storage system configured to receive and store: files of financial transactions; and a set of user-specified business rules, each business rule referencing a subset of at least two of the files and containing a schedule specifying when the files should be present; and an exception identification system configured to identify files of financial transactions which are missing from the storage system in accordance with the schedule by examining files of financial transactions which are present in the storage system and, for each examined file: search the business rules to identify at least one which references a subset of files which includes the examined file; search the storage system for the subset of files referenced by the identified business rule, other than the examined file; and determine that one or more of the files is missing from the storage system based on the searching; and, with respect to each missing file: cause a communication to be issued indicating that the missing file is missing when the schedule in the at least one business rule specifies that the missing file was scheduled to be present prior to it being determined to be missing by the exception identification system; and cause a communication not to issue about the missing file when the schedule in the at least one business rule does not specify that the missing file was scheduled to be present prior to it being determined to be missing by the exception identification system.