Patent US5787402A successfully refreshed from Google Patents.
US5787402A
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Method and system for performing automated financial transactions involving foreign currencies
Assignee: Citigroup Global Markets Inc
•
Filing: 1996-10-08
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Granted: 1998-07-28
•
Expires: 2016-10-08
Abstract
Abstract A method and system for performing financial transaction involving foreign currencies deals in virtually all trading currencies, automatically incorporates the current market process and operates in a secure environment. Customers can access the system on-line and in real time through various terminals such as, for example, a personal computer (PC). By inputting information in response to prompts on the screen, the system quickly identifies the nature of the transaction the customer desires and the customer inputs the characteristics of the transaction the user desires. The system then automatically generates an offer in response to the customer's request based upon a number of parameters including the market price, the size and nature of the transaction and the size and nature of the client. The system then promptly displays the bank's offer to the customer in a clear and concise manner. The customer is then given an opportunity to accept the offer, ask that the offer be updated or reject the offer. If the customer delays for too long a period of time in deciding to accept or reject the offer, the system automatically withdraws and updates the offer thereby protecting the bank from liability for a "stale" rate. If accepted, the trade is automatically forwarded for processing and assigned a reference number for tracking and control purposes.
Inventors
- 👤 Neil D. Potter
- 👤 Bohdan Chomut
- 👤 David M. Jacobs
- 👤 Peter E. Rayner
- 👤 Cynthia M. Anasson
- 👤 Elizabeth J. Friedman
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-26 12:07
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; G06Q20/00; G06Q20/08; G06Q20/10; G06Q40/04
Claims Analysis
Total Claims: 132
Claim 1
Independent Claim
154 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to a release; and releasing automatically said accepted transaction terms for execution.
Claim 2
Independent Claim
154 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to a release; and releasing automatically said accepted transaction terms for execution.
Claim 3
Dependent Claim
22 words
The method of claim 1 wherein said verifying step further includes the step of said user inputting said user's name and password.
Claim 4
Dependent Claim
18 words
The method of claim 1 further including the step of selecting the desired financial transaction from a menu.
Claim 5
Dependent Claim
26 words
The method of claim 1 wherein said step of inputting an account to trade on further comprises a step of selecting accounts from a menu list.
Claim 6
Dependent Claim
26 words
The method of claim 1 further including the step of storing a record of the terms of the transaction offered and the time of said offer.
Claim 7
Dependent Claim
22 words
The method of claim 1 further including the step of assigning a reference number to said offer and storing said reference number.
Claim 8
Dependent Claim
22 words
The method of claim 1 further including the step of reconfirming said accepted transaction with said user prior to said releasing step.
Claim 9
Dependent Claim
21 words
The method of claim 1 further including the step of summarizing said released transaction and providing said summarization to said user.
Claim 10
Dependent Claim
40 words
The method of claim 1 further including the step of automatically comparing said accepted offer against a credit limit for said user and automatically permitting release of said accepted transaction if said accepted offer is less than said credit limit.
Claim 11
Dependent Claim
18 words
The method of claim 1 further including the step of automatically recording the time of said released transaction.
Claim 12
Dependent Claim
20 words
The method of claim 1 further including the step of automatically sending said released transaction to a deal capture system.
Claim 13
Dependent Claim
27 words
The method of claim 1 further including the step of automatically sending a record of said released accepted transaction to a database affiliated with said financial institution.
Claim 14
Dependent Claim
18 words
The method of claim 1 wherein said reverifying step includes said user reentering said user's identification and password.
Claim 15
Dependent Claim
12 words
The method of claim 1 wherein said financial institution is a bank.
Claim 16
Dependent Claim
12 words
The method of claim 1 wherein said first currency is U.S. Dollars.
Claim 17
Dependent Claim
12 words
The method of claim 1 wherein said second currency is U.S. Dollars.
Claim 18
Dependent Claim
17 words
The method of claim 1 wherein said first currency is sold and said second currency is bought.
Claim 19
Dependent Claim
17 words
The method of claim 1 wherein said first currency is bought and said second currency is sold.
Claim 20
Dependent Claim
14 words
The method of claim 1 wherein said transaction is settled at an immediate date.
Claim 21
Dependent Claim
29 words
The method of claim 1 wherein said transaction is settled at a future date and further including the step of: inputting the desired date for said transaction to settle.
Claim 22
Dependent Claim
51 words
The method of claim 1 wherein said desired characteristics include the option of a two-way price quote for said first and second currencies and further wherein said accepting step further includes the step of said user identifying which currency to buy and which currency to sell before continuing with the transaction.
Claim 23
Dependent Claim
33 words
The method of claim 1 further including a step of reporting details of said released transaction to said user including a transaction reference number, a status report, and the transaction date and time.
Claim 24
Dependent Claim
21 words
The method of claim 1 further including the step of displaying at least one report of all transactions to said user.
Claim 25
Dependent Claim
35 words
The method of claim 1 wherein said inputting first and second currencies step further includes the step of displaying all second currencies available for trade with said first currency once said first currency is input.
Claim 26
Dependent Claim
15 words
The method of claim 24 further including the step of selecting said displayed second currency.
Claim 27
Dependent Claim
26 words
The method of claim 1 wherein said determining step further includes the step of a spread automatically being added to a base quote for said transaction.
Claim 28
Dependent Claim
20 words
The method of claim 26 wherein said spread is automatically calculated by factors including the cash value of said transaction.
Claim 29
Dependent Claim
42 words
The method of claim 1 wherein said desired characteristics include a swap trade and said inputting of desired characteristics step further includes the step of inputting a plurality of swap legs, the forward currency and a forward currency amount for each leg.
Claim 30
Dependent Claim
18 words
The method of claim 28 wherein said step of inputting of desired characteristics is done on a spreadsheet.
Claim 31
Dependent Claim
15 words
The method of claim 28 wherein the number of legs is between two and six.
Claim 32
Dependent Claim
15 words
The method of claim 1 wherein said accessing step is done via a public network.
Claim 33
Dependent Claim
18 words
The method of claim 31 wherein said terminal is a personal computer (PC) running in a Windows environment.
Claim 34
Dependent Claim
19 words
The method of claim 31 further including the step of sending information specific about the user to said terminal.
Claim 35
Dependent Claim
21 words
The method of claim 1 further including the step of sending a signal to the user if the system becomes inoperative.
Claim 36
Dependent Claim
12 words
The method of claim 34 wherein said signal includes an audio signal.
Claim 37
Dependent Claim
12 words
The method of claim 34 wherein said signal includes a visual signal.
Claim 38
Dependent Claim
17 words
The method of claim 34 wherein said signal includes both an audio signal and a visual signal.
Claim 39
Dependent Claim
65 words
The method of claim 1 wherein said desired characteristics include order entry of a leave order and said step of inputting said desired characteristics of said transaction include a target foreign exchange rate between said two currencies; and further including a step of monitoring automatically a financial market associated with said financial transaction and confirming that said accepted terms are available in said financial market.
Claim 40
Dependent Claim
26 words
The method of claim 38 further including the step of reporting automatically to said user of the differences between said market terms and said accepted offer.
Claim 41
Dependent Claim
17 words
The method of claim 39 wherein said reporting is color-coded to reflect the magnitude of said difference.
Claim 42
Dependent Claim
28 words
The method of claim 1 wherein said step of offering said transaction to said customer further includes the step of limiting said offer to a specific time period.
Claim 43
Dependent Claim
12 words
The method of claim 41 wherein said time period is 5-15 seconds.
Claim 44
Dependent Claim
23 words
The method of claim 41 wherein said offering step further includes the step of providing the user the option to refresh said offer.
Claim 45
Dependent Claim
15 words
The method of claim 43 wherein said option is available during said specific time period.
Claim 46
Dependent Claim
31 words
The method of claim 43 further including the steps of updating said offered terms of said transaction and restarting said specific time period when said option is chosen by said user.
Claim 47
Dependent Claim
59 words
The method of claim 1 wherein said desired characteristics include a leave order and said step of inputting the desired characteristics of said transaction further includes inputting an expiration period; and further including a step of monitoring automatically prior to expiration a financial market affiliated with said transaction and confirming that the accepted terms are available in said market.
Claim 48
Dependent Claim
16 words
The method of claim 46 wherein said expiration period is for a fixed period of time.
Claim 49
Dependent Claim
24 words
The method of claim 46 further including the step of automatically executing said leave order when said accepted terms become available in said market.
Claim 50
Dependent Claim
17 words
The method of claim 46 further including the step of entering said desired characteristics in a blotter.
Claim 51
Dependent Claim
29 words
The method of claim 49 wherein said step of entering said desired characteristics in the blotter is coupled to said step of inputting the desired characteristics of said transaction.
Claim 52
Dependent Claim
19 words
The method of claim 46 wherein said expiration period is indefinite and expires when subsequently canceled by said user.
Claim 53
Dependent Claim
28 words
The method of claim 51 further including the step of warning a said user when said expiration period has extended over a certain period of time without expiring.
Claim 54
Dependent Claim
14 words
The method of claim 52 wherein said certain period of time is two months.
Claim 55
Dependent Claim
22 words
The method of claim 52 further including the step of said user setting said certain period of time for receiving said warning.
Claim 56
Independent Claim
193 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; said user setting a certain period of time for receiving a warning; releasing automatically said accepted transaction terms for execution; and warning said user when said indefinite expiration period has extended over said certain period of time without expiring.
Claim 57
Independent Claim
193 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; said user setting a certain period of time for receiving a warning; releasing automatically said accepted transaction terms for execution; and warning said user when said indefinite expiration period has extended over said certain period of time without expiring.
Claim 58
Independent Claim
178 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; releasing automatically said accepted transaction terms for execution; and warning said user when said indefinite expiration period has extended over two months without expiring.
Claim 59
Independent Claim
178 words
A method for a user to perform financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; releasing automatically said accepted transaction terms for execution; and warning said user when said indefinite expiration period has extended over two months without expiring.
Claim 60
Independent Claim
149 words
A method for a user to perform a financial transaction including a money market transaction involving at least two currencies comprising the steps of: accessing a financial system affiliated with a financial institution; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade in; inputting a currency to be deposited in said money market transaction; inputting the desired characteristics of said transaction including a maturity date of said deposit, and a foreign currency principal amount; determining automatically the terms to be offered by said financial institution to said user for said money market transaction including an interest rate and an interest amount in a first currency and equivalent amount in a second currency; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to release; and releasing automatically said accepted transaction terms for execution.
Claim 61
Independent Claim
149 words
A method for a user to perform a financial transaction including a money market transaction involving at least two currencies comprising the steps of: accessing a financial system affiliated with a financial institution; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade in; inputting a currency to be deposited in said money market transaction; inputting the desired characteristics of said transaction including a maturity date of said deposit, and a foreign currency principal amount; determining automatically the terms to be offered by said financial institution to said user for said money market transaction including an interest rate and an interest amount in a first currency and equivalent amount in a second currency; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to release; and releasing automatically said accepted transaction terms for execution.
Claim 62
Dependent Claim
16 words
The method of claim 57 wherein said second currency is a currency other than U.S. Dollars.
Claim 63
Independent Claim
185 words
A method for a user to perform non-interbank financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 64
Independent Claim
185 words
A method for a user to perform non-interbank financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount, a leave order and an indefinite expiration period which expires when subsequently cancelled by said user; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 65
Dependent Claim
22 words
The method of claim 59 further comprising the step of providing information regarding said terms to said user in an interactive spreadsheet.
Claim 66
Independent Claim
192 words
A method for a user to perform a non-interbank financial transaction including a money market transaction involving at least two currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade in; inputting a currency to be deposited in said non-interbank money market transaction; inputting the desired characteristics of said transaction including a maturity date of said deposit, and a foreign currency principal amount; determining automatically the terms to be offered by said financial institution to said user for said money market transaction through the use of message routing including a standing price comprising an interest rate and an interest amount in a first currency and equivalent amount in a second currency; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 67
Independent Claim
192 words
A method for a user to perform a non-interbank financial transaction including a money market transaction involving at least two currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade in; inputting a currency to be deposited in said non-interbank money market transaction; inputting the desired characteristics of said transaction including a maturity date of said deposit, and a foreign currency principal amount; determining automatically the terms to be offered by said financial institution to said user for said money market transaction through the use of message routing including a standing price comprising an interest rate and an interest amount in a first currency and equivalent amount in a second currency; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 68
Dependent Claim
22 words
The method of claim 61 further comprising the step of providing information regarding said terms to said user in an interactive spreadsheet.
Claim 69
Independent Claim
182 words
A method for a user to perform a non-interbank payment order financial transaction, wherein payments are made in a first currency after being exchanged from one of a plurality of second currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting said second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 70
Independent Claim
182 words
A method for a user to perform a non-interbank payment order financial transaction, wherein payments are made in a first currency after being exchanged from one of a plurality of second currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting said second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 71
Dependent Claim
22 words
The method of claim 63 further including the step of providing information regarding said terms to said user in an interactive spreadsheet.
Claim 72
Independent Claim
139 words
A method for a user to perform a payment order financial transaction, wherein payments are made in a first currency after being exchanged from one of a plurality of second currencies comprising the steps of: accessing a financial system affiliated with a financial institution; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting said second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to release; and releasing automatically said accepted transaction terms for execution.
Claim 73
Independent Claim
139 words
A method for a user to perform a payment order financial transaction, wherein payments are made in a first currency after being exchanged from one of a plurality of second currencies comprising the steps of: accessing a financial system affiliated with a financial institution; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting said second currency to be used in said transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction including a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; reverifying user authorization prior to release; and releasing automatically said accepted transaction terms for execution.
Claim 74
Dependent Claim
20 words
The method of claim 65 further including the step of performing a user profile validation prior to said releasing step.
Claim 75
Dependent Claim
12 words
The method of claim 65 wherein said first currency is U.S. Dollars.
Claim 76
Dependent Claim
31 words
The method of claim 65 further including the step of storing said input of said second currency and said input of said desired characteristics as parts of a payment summary screen.
Claim 77
Dependent Claim
43 words
The method of claim 68 wherein said payment summary screen further includes the date of said input, sender identification information, receiver identification information, status of the payment information, said second currency, said first currency, said transaction amount and a payment order transaction number.
Claim 78
Dependent Claim
15 words
The method of claim 69 further including the step of displaying said payment summary screen.
Claim 79
Independent Claim
169 words
A method for a user to perform non-interbank financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 80
Independent Claim
169 words
A method for a user to perform non-interbank financial transactions involving a plurality of currencies comprising the steps of: accessing a financial system affiliated with a financial institution to perform a non-interbank transaction using a terminal, wherein said terminal is a personal computer acting as a local client in a client-server architecture having at least three tiers, and running in a graphical user interface environment; verifying that said access to said system is authorized; identifying an account affiliated with said user to trade on; inputting a first currency and a second currency to be used in said non-interbank transaction; inputting the desired characteristics of said transaction including a desired transaction amount; determining automatically the terms to be offered by said financial institution to said user for said transaction through the use of message routing including a standing price comprising a rate of exchange between said two currencies; informing said user of said offered transaction terms; accepting said offered transaction terms; and releasing automatically said accepted transaction terms for execution.
Claim 81
Dependent Claim
15 words
The method of claim 71 wherein said accessing step is done via a public network.
Claim 82
Dependent Claim
22 words
The method of claim 71 wherein said verifying step further includes the step of said user inputting said user's name and password.
Claim 83
Dependent Claim
18 words
The method of claim 71 further including the step of selecting the desired financial transaction from a menu.
Claim 84
Dependent Claim
26 words
The method of claim 71 wherein said step of inputting an account to trade on further comprises a step of selecting accounts from a menu list.
Claim 85
Dependent Claim
26 words
The method of claim 71 further including the step of storing a record of the terms of the transaction offered and the time of said offer.
Claim 86
Dependent Claim
22 words
The method of claim 71 further including the step of assigning a reference number to said offer and storing said reference number.
Claim 87
Dependent Claim
22 words
The method of claim 71 further including the step of reconfirming said accepted transaction with said user prior to said releasing step.
Claim 88
Dependent Claim
21 words
The method of claim 71 further including the step of summarizing said released transaction and providing said summarization to said user.
Claim 89
Dependent Claim
40 words
The method of claim 71 further including the step of automatically comparing said accepted offer against a credit limit for said user and automatically permitting release of said accepted transaction if said accepted offer is less than said credit limit.
Claim 90
Dependent Claim
18 words
The method of claim 71 further including the step of automatically recording the time of said released transaction.
Claim 91
Dependent Claim
20 words
The method of claim 71 further including the step of automatically sending said released transaction to a deal capture system.
Claim 92
Dependent Claim
27 words
The method of claim 71 further including the step of automatically sending a record of said released accepted transaction to a database affiliated with said financial institution.
Claim 93
Dependent Claim
12 words
The method of claim 71 wherein said financial institution is a bank.
Claim 94
Dependent Claim
12 words
The method of claim 71 wherein said first currency is U.S. Dollars.
Claim 95
Dependent Claim
12 words
The method of claim 71 wherein said second currency is U.S. Dollars.
Claim 96
Dependent Claim
17 words
The method of claim 71 wherein said first currency is sold and said second currency is bought.
Claim 97
Dependent Claim
17 words
The method of claim 71 wherein said first currency is bought and said second currency is sold.
Claim 98
Dependent Claim
14 words
The method of claim 71 wherein said transaction is settled at an immediate date.
Claim 99
Dependent Claim
29 words
The method of claim 71 wherein said transaction is settled at a future date and further including the step of: inputting the desired date for said transaction to settle.
Claim 100
Dependent Claim
51 words
The method of claim 71 wherein said desired characteristics include the option of a two-way price quote for said first and second currencies and further wherein said accepting step further includes the step of said user identifying which currency to buy and which currency to sell before continuing with the transaction.
Claim 101
Dependent Claim
33 words
The method of claim 71 further including a step of reporting details of said released transaction to said user including a transaction reference number, a status report, and the transaction date and time.
Claim 102
Dependent Claim
21 words
The method of claim 71 further including the step of displaying at least one report of all transactions to said user.
Claim 103
Dependent Claim
22 words
The method of claim 71 further including the step of providing information regarding said terms to said user in an interactive spreadsheet.
Claim 104
Dependent Claim
19 words
The method of claim 94 further including the step of sending information specific about the user to said terminal.
Claim 105
Dependent Claim
35 words
The method of claim 71 wherein said inputting first and second currencies step further includes the step of displaying all second currencies available for trade with said first currency once said first currency is input.
Claim 106
Dependent Claim
15 words
The method of claim 96 further including the step of selecting said displayed second currency.
Claim 107
Dependent Claim
26 words
The method of claim 71 wherein said determining step further includes the step of a spread automatically being added to a base quote for said transaction.
Claim 108
Dependent Claim
20 words
The method of claim 98 wherein said spread is automatically calculated by factors including the cash value of said transaction.
Claim 109
Dependent Claim
45 words
The method of claim 71 wherein said desired characteristics include both even and uneven swap trades and said inputting of desired characteristics step further includes the step of inputting a plurality of swap legs, the forward currency and a forward currency amount for each leg.
Claim 110
Dependent Claim
35 words
The method of claim 100 wherein said step of inputting of desired characteristics is done in a spreadsheet either on-line or off-line with said spreadsheet automatically imported to a trade input screen on said terminal.
Claim 111
Dependent Claim
15 words
The method of claim 100 wherein the number of legs is between two and six.
Claim 112
Dependent Claim
21 words
The method of claim 71 further including the step of sending a signal to the user if the system becomes inoperative.
Claim 113
Dependent Claim
12 words
The method of claim 103 wherein said signal includes an audio signal.
Claim 114
Dependent Claim
12 words
The method of claim 103 wherein said signal includes a visual signal.
Claim 115
Dependent Claim
17 words
The method of claim 103 wherein said signal includes both an audio signal and a visual signal.
Claim 116
Dependent Claim
65 words
The method of claim 71 wherein said desired characteristics include order entry of a leave order and said step of inputting said desired characteristics of said transaction include a target foreign exchange rate between said two currencies; and further including a step of monitoring automatically a financial market associated with said financial transaction and confirming that said accepted terms are available in said financial market.
Claim 117
Dependent Claim
26 words
The method of claim 107 further including the step of reporting automatically to said user of the differences between said market terms and said accepted offer.
Claim 118
Dependent Claim
17 words
The method of claim 108 wherein said reporting is color-coded to reflect the magnitude of said difference.
Claim 119
Dependent Claim
28 words
The method of claim 71 wherein said step of offering said transaction to said customer further includes the step of limiting said offer to a specific time period.
Claim 120
Dependent Claim
12 words
The method of claim 110 wherein said time period is 5-15 seconds.
Claim 121
Dependent Claim
23 words
The method of claim 110 wherein said offering step further includes the step of providing the user the option to refresh said offer.
Claim 122
Dependent Claim
15 words
The method of claim 112 wherein said option is available during said specific time period.
Claim 123
Dependent Claim
31 words
The method of claim 112 further including the steps of updating said offered terms of said transaction and restarting said specific time period when said option is chosen by said user.
Claim 124
Dependent Claim
59 words
The method of claim 71 wherein said desired characteristics include a leave order and said step of inputting the desired characteristics of said transaction further includes inputting an expiration period; and further including a step of monitoring automatically prior to expiration a financial market affiliated with said transaction and confirming that the accepted terms are available in said market.
Claim 125
Dependent Claim
16 words
The method of claim 115 wherein said expiration period is for a fixed period of time.
Claim 126
Dependent Claim
24 words
The method of claim 115 further including the step of automatically executing said leave order when said accepted terms become available in said market.
Claim 127
Dependent Claim
17 words
The method of claim 115 further including the step of entering said desired characteristics in a blotter.
Claim 128
Dependent Claim
29 words
The method of claim 118 wherein said step of entering said desired characteristics in the blotter is coupled to said step of inputting the desired characteristics of said transaction.
Claim 129
Dependent Claim
19 words
The method of claim 115 wherein said expiration period is indefinite and expires when subsequently canceled by said user.
Claim 130
Dependent Claim
28 words
The method of claim 120 further including the step of warning a said user when said expiration period has extended over a certain period of time without expiring.
Claim 131
Dependent Claim
14 words
The method of claim 121 wherein said certain period of time is two months.
Claim 132
Dependent Claim
22 words
The method of claim 121 further including the step of said user setting said certain period of time for receiving said warning.
References Cited (Backward Citations)
US4766293A
Cited
US5195031A
Cited
US5136501A
Cited
US5262942A
Cited
US5305200A
Cited
US5508913A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2001-07-27 | 2002-01-26 | 2002-07-28 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2005-07-27 | 2006-01-26 | 2006-07-28 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2009-07-27 | 2010-01-26 | 2010-07-28 | $7700.00 | Window Closed / Lapsed |