Patent ID: 8131627

Claim:
A cash management data processing system for multi-location standardized trading, allowing financial clearing between any two Nodes or within a single Node linked to banking payment systems, comprising: a) Fiduciary and Escrow accounts at each Node; wherein each said Node is comprised of a trading platform; wherein a Fiduciary account holds local currency and at least one foreign currency as base currency for purposes of a financial transaction; b) an electronic processor for bi-directional fund movement between said Fiduciary account and an Escrow account; c) an electronic intelligent hub for matching orders among said Fiduciary account and different said Nodes; d) a second electronic processor for fund movement from said Fiduciary account to another for financial clearing; wherein said second electronic processor utilizes a price matching engine in a selected base currency; and provides daily cash settlement reporting; e) a third electronic processor for reporting a daily account statement marked-to-market of said fiduciary account; f) a fourth electronic processor for generating physical delivery receipt against cash settlement.