Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-07-24
2007-07-24
Patel, Jagdish (Department: 3693)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S038000, C705S042000
Reexamination Certificate
active
09876762
ABSTRACT:
A system and method for initiating and processing banking deposits. In a preferred embodiment, the system is maintained by a financial institution such as a bank and the bank customers access the system through the Internet. A typical bank customer is a corporate treasurer. The system provides a Graphical User Interface that allows the customers to view the bank's current rates for a plurality of currencies and a plurality of time periods. The time periods for the deposits typically range from overnight to several months. Once the customer has found a time period/rate/currency that is acceptable, the customer selects the desired rate on the customer interface and the system automatically generates a deal ticket that is presented to the customer. The customer can then modify the settlement date, the settlement instructions and the amount of the deposit. Once the customer is satisfied with the deal, the customer submits it for trading. In an important aspect of the present invention, the confirmation of the trade occurs online and real time. Once the customer accepts the deal, it is logged. The system has further utilities for the customers to view archives of previous deals, establish profiles and preferences and chat with bank representatives. The system further includes state of the art security in order to ensure the safety and confidentiality of the banking transactions.
REFERENCES:
patent: 5691524 (1997-11-01), Josephson
patent: 5783808 (1998-07-01), Josephson
patent: 6088686 (2000-07-01), Walker et al.
patent: 2005/0021466 (2005-01-01), Buchanan et al.
DraftWorldwide Adds 3 Dot-Coms, iMarketing News, v 2, n 18, p. 18, May 8, 2000.
Chang Coleman
Davies Anthony
Hirschhorn Eric
Lally Dave
Moy Eileen
Hunton & Williams LLP
Patel Jagdish
The Chase Manhattan Bank, N.A.
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