System and method for settling trades

Details System and method for settling trades System and method for settling trades

2010-04-07

2011-12-27

Apple, Kirsten (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S038000, C283S057000, C283S058000, C283S059000

Reexamination Certificate

active

08086515

ABSTRACT:
A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange.

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International Search Report and Written Opinion in PCT/US08/08686 dated Dec. 16, 2008.

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