WO2003102729A3 - System for settling over the counter trades - Google Patents

System for settling over the counter trades Download PDF

Info

Publication number
WO2003102729A3
WO2003102729A3 PCT/US2003/016893 US0316893W WO03102729A3 WO 2003102729 A3 WO2003102729 A3 WO 2003102729A3 US 0316893 W US0316893 W US 0316893W WO 03102729 A3 WO03102729 A3 WO 03102729A3
Authority
WO
WIPO (PCT)
Prior art keywords
trade
party
clearing
bilaterally
settled
Prior art date
Application number
PCT/US2003/016893
Other languages
French (fr)
Other versions
WO2003102729A2 (en
Inventor
R J Cummings
David Goone
Original Assignee
Intercontinentalexchange Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Intercontinentalexchange Inc filed Critical Intercontinentalexchange Inc
Priority to CA002486815A priority Critical patent/CA2486815A1/en
Priority to EP03736747A priority patent/EP1550062A4/en
Priority to AU2003237281A priority patent/AU2003237281A1/en
Publication of WO2003102729A2 publication Critical patent/WO2003102729A2/en
Publication of WO2003102729A3 publication Critical patent/WO2003102729A3/en
Priority to HK05112137.4A priority patent/HK1080567A1/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A system for automatically determining a trade settlement pathway comprising receiving trade pathway preferences from a first and second party with respect to each other (520, 530), wherein the trade is settled through clearing if both parties have available accounts with a clearing firm (525, 535) and the trade satisfies each party’s clearing account credit limitations (540,545); and wherein the trade is settled bilaterally if at least one party does not have an available clearing account or both parties prefer to settle the trade bilaterally, and the trade satisfies each party’s bilateral credit limitations.
PCT/US2003/016893 2002-05-31 2003-05-30 System for settling over the counter trades WO2003102729A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
CA002486815A CA2486815A1 (en) 2002-05-31 2003-05-30 System for settling over the counter trades
EP03736747A EP1550062A4 (en) 2002-05-31 2003-05-30 System for settling over the counter trades
AU2003237281A AU2003237281A1 (en) 2002-05-31 2003-05-30 System for settling over the counter trades
HK05112137.4A HK1080567A1 (en) 2002-05-31 2005-12-29 System for settling over the counter trades

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US38533702P 2002-05-31 2002-05-31
US60/385,337 2002-05-31
US10/444,324 US7685051B2 (en) 2002-05-31 2003-05-23 System for settling over the counter trades
US10/444,324 2003-05-23

Publications (2)

Publication Number Publication Date
WO2003102729A2 WO2003102729A2 (en) 2003-12-11
WO2003102729A3 true WO2003102729A3 (en) 2004-04-08

Family

ID=29587156

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/016893 WO2003102729A2 (en) 2002-05-31 2003-05-30 System for settling over the counter trades

Country Status (6)

Country Link
US (2) US7685051B2 (en)
EP (1) EP1550062A4 (en)
AU (1) AU2003237281A1 (en)
CA (1) CA2486815A1 (en)
HK (1) HK1080567A1 (en)
WO (1) WO2003102729A2 (en)

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US8626639B2 (en) 2011-02-02 2014-01-07 Chicago Mercantile Exchange Inc. Trade matching platform with variable pricing based on clearing relationships
US9786006B2 (en) * 2012-03-26 2017-10-10 Tradeweb Markets Llc System and method for clearing transactions
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US6519574B1 (en) * 1995-12-12 2003-02-11 Reuters Limited Electronic trading system featuring arbitrage and third-party credit opportunities
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US6304858B1 (en) * 1998-02-13 2001-10-16 Adams, Viner And Mosler, Ltd. Method, system, and computer program product for trading interest rate swaps

Also Published As

Publication number Publication date
AU2003237281A1 (en) 2003-12-19
US20030225681A1 (en) 2003-12-04
EP1550062A2 (en) 2005-07-06
HK1080567A1 (en) 2006-04-28
US20080270278A1 (en) 2008-10-30
US7904377B2 (en) 2011-03-08
AU2003237281A8 (en) 2003-12-19
WO2003102729A2 (en) 2003-12-11
CA2486815A1 (en) 2003-12-11
US7685051B2 (en) 2010-03-23
EP1550062A4 (en) 2006-02-01

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