Patent ID: 6892184

Claim:
A method for supporting a transaction for purchasing a product by a buyer from a vendor, the product having a price, a local currency of the buyer being different from a local currency of the vendor, the buyer communicating with the vendor through an electronic network, the method comprising: determining an exchange rate, obtained through the electronic network, of the local currency of the vendor to the local currency of the buyer and hedging to guarantee a future exchange of currency using said exchange rate, wherein said hedging is performed with at least one of an option or a forward contract; converting the price of the product from the local currency of the vendor to the local currency of the buyer to form a final price according to said exchange rate, such that the buyer receives information according said final price before a payment transaction is performed; receiving payment from the buyer for said final price to perform said payment transaction; converting said payment from the local currency of the buyer to the local currency of the vendor to form a converted payment according to said exchange rate, wherein said exchange rate is guaranteed at a time of calculating said final price for the buyer, such that the price in the local currency of the vendor is guaranteed and such that the price in the local currency of the buyer is guaranteed for a predetermined period of time, and is hedged; and paying the vendor with said converted payment; wherein at least said receiving said payment from the buyer, said converting said payment and said paying the vendor are hedged, such that a risk of a change in said exchange rate is hedged.