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1. AU2001287085 - Handling defaults in electronic-based markets

Office
Australia
Application Number 2001287085
Application Date 05.09.2001
Publication Number 2001287085
Publication Date 22.11.2001
Publication Kind A
IPC
G06Q 40/00
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40Finance; Insurance; Tax strategies; Processing of corporate or income taxes
CPC
G06Q 40/04
GPHYSICS
06COMPUTING; CALCULATING; COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40Finance; Insurance; Tax strategies; Processing of corporate or income taxes
04Exchange, e.g. stocks, commodities, derivatives or currency exchange
Applicants On Exchange, Inc.
Inventors Burton, Peter
Jaycobs, Rich
Priority Data 09/668,662 22.09.2000 US
Title
(EN) Handling defaults in electronic-based markets
Abstract
(EN)
A system for an electronic-based market is disclosed. The system operates on a model where a trader is designated to enter contracts on behalf of a subscriber. See figure 13. Subscriber assets are plced in an account associated with trades initiated by the trader. Offsetting, clearing, default and margin protocols are included to mutualize risk of subscriber default (340).

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