Patent ID: 7870057

Claim:
A computer-implemented method for requesting one or more reservations for a set of debt instruments to be offered by an issuer for later sale comprising the steps of: (a) transmitting, from one or more processors which are operatively connected to one or more communication devices, a first set of one or more signals to request information from one or more servers relating to a debt offering, wherein the debt offering comprises a plurality of units of one or more types at one or more yields that are available for reservation, wherein (i) each of the units of the debt offering is intended to be offered as debt instruments for later sale to potential debt purchasers, and (ii) for at least one of the types at least one of the yields, a plurality of units is available for reservation; (b) receiving, at the one or more processors via the one or more communication devices, a second set of one or more signals sent from the one or more servers at a first time that identify the status of the plurality of units of the debt offering, wherein the status comprises an identification of (i) units of the debt offering for each type at each yield that are available for reservation as of the first time, including the type, yield and number of units available for reservation, and (ii) one or more sets of units of the debt offering that have been reserved as of the first time, including the type, yield and number of units that have been reserved; (c) transmitting, from the one or more processors via the one or more communication devices, a third set of one or more signals to the one or more servers that indicate a request to reserve a first group of one or more of the units of the debt offering; and (d) receiving at the one or more processors via the one or more communication devices, a fourth set of one or more signals sent from the one or more servers at a second time that identify (i) units within plurality units of the debt offering that are yet available for request for reservation as of the second time, including the type, yield and number of units available, and (ii) one or more sets of units of the debt offering that have been reserved, including the type, yield and number of units reserved as of the second time, wherein the one or more sets of units that have been reserved include at least a first set of units within the first group that were available for reservation.