Patent ID: 8165933

Claim:
A system for processing transactions in a financial system comprising: a memory device having computer readable program code store thereon; and a processing device operatively coupled to the memory device, wherein the processing device is configured to execute the computer readable program code for operating a storage system, a transaction validation system, and a transaction clearing system; and wherein said storage system comprising stored therein two or more transactions, wherein each transaction comprises associated debits and credits, and wherein two or more transactions are associated with a same batch of transactions; said transaction validation system is associated with said storage system, wherein said transaction validation system is at least capable of determining whether each of the transactions within the batch is individually balanced based on the debits and credits associated with the transaction; and said transaction clearing system is associated with said storage system for clearing transactions in the batch that have been determined to be balanced by said transaction validation system irrespective of a balance status associated with other transactions associated with the batch of transactions, wherein said transaction clearing system clears transactions in the batch of transactions while other transactions in the batch remain unbalanced.