Patent ID: 8429057

Claim:
A computer-implemented method for offering a debt obligation comprising: pricing the debt obligation in a currency pair of a base currency in relation to the value of a reference currency, the debt obligation having a face value, term of maturity, and being convertible into a foreign exchange contract with a currency pair of the base currency and the reference currency of the debt obligation at any time after issuance and before maturity of the debt obligation; communicating an offer to sell the debt obligation from an order book server to one or more trader computer terminals; receiving an offer to purchase the debt obligation at the order book server from one of the one or more trader computer terminals; receiving information at the order book server confirming a deposit of funds from the one or more trader computer terminals to purchase the debt obligation; receiving at the order book server information of one or more foreign exchange transactions entered into to issue the debt obligation; communicating to the one or more trading computer terminals that purchased the debt obligation a position in the debt obligation; and calculating accrued interest on the debt obligation at the order book server.