Foreign exchange transaction system

Details Foreign exchange transaction system Foreign exchange transaction system

1998-06-29

1999-11-02

Gregory, Bernarr E.

Cryptography

Key management

Having particular key generator

380 9, 380 23, 380 24, 380 25, 380 30, 235379, 235380, 705 37, 705 39, 705 41, 705 42, 705 44, H04L 900, H04L 930, H04L 932, G07F 1900

Patent

active

059784857

ABSTRACT:
A realtime multilateral foreign exchange settlement system having a computer implemented netting system, a processor-based multilateral settlement coordinator (MSC) having a first money module and a first host application, where the first host application receives debit and credit data from said netting system. A plurality of processor-based multilateral settlement agents (MSAs) each having a second money module and a second host application. A plurality of processor-based counterparty settlement agents (CSAs) each having a third money module and a third host application. The second and third money modules communicate via cryptographically secure sessions. The first money module receives electronic money from the third money modules of net debit CSAs via the second money modules. When all net debit counterparties have paid, the first money module sends the electronic money to the third money modules of net credit CSAs via the second money modules.

REFERENCES:
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patent: 5453601 (1995-09-01), Rosen
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patent: 5508913 (1996-04-01), Yamamoto et al.
patent: 5557518 (1996-09-01), Rosen
patent: 5774553 (1998-06-01), Rosen
patent: 5799087 (1998-08-01), Rosen

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