Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-04-04
2006-04-04
Bashore, Alain L. (Department: 1762)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S038000, C705S037000
Reexamination Certificate
active
07024383
ABSTRACT:
A computer-implemented method for providing risk management for online transactions. An exchange price for a foreign currency relative to a base currency is entered into a host computer. The host computer will also receive data descriptive of one or more transactions involving the foreign currency that occurred within a predetermined time period. The data will include a transaction amount. Currency is exchanged according to the entered price and the transaction amounts contained in the data. A risk exposure for the predetermined time period can be calculated based upon an aggregate amount of currency involved in transactions during the predetermined time period. The risk exposure can be based upon market data relating to the price of the foreign currency. The present invention can be implemented to capture each transaction amount that relates to a sale occurring on an e-commerce site. Currency is automatically exchanged at the price entered for the local currency. Transactions can include an online sales transaction consummated over a computerized communications network, a retail transaction between a business and a retail customer, a business to business transaction, an online auction transaction or any other quantifiable transaction.
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Anagnostopoulos Effie Konstantine
Godfrey John Henry
Greener Sharon
Gunewardena Arun M.
Higgins Mark
Bashore Alain L.
Goldman Sachs & Co.
Lee & Hayes PLLC
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