Efficient Market For Financial Products

Apparatus for providing a market for purchase of financial products, comprising:

• a data processing system having a program executing computer, a data storage device, and an output device;
• a plurality of financial products underwriting standards data records stored in said data storage device containing financial products underwriting standards from one or more financial products issuing institutions;
• computer programs executing on said data processing system for:
• (a) compiling statistics regarding said plurality of stored data records containing financial products underwriting standards and storing statistics data records in said data storage device;
• (b) calculating fees earned with respect to the one or more financial products issuing institutions;
• (c) calculating a reduced price to the one or more financial products issuing institutions for access to said statistics data records in accordance with a predetermined netbacking schedule stored in a netbacking database, and/or based on the financial products issuing institution providing one or more financial product underwriting standards data records.

Apparatus for providing a market for purchase of financial products, comprising:

• a data processing system having a program executing computer, a data storage device, and an output device;
• a plurality of financial product purchase offer data records stored in said data storage device containing a plurality of financial product purchase offers from one or more data processing system participants;
• computer programs executing on said data processing system for:
• (a) compiling statistics regarding said a plurality of financial product purchase offer data records containing a plurality of financial product purchase offers;
• (b) calculating fees earned with respect to one or more data processing system participants;
• (c) calculating a reduced price to one or more data processing system participants for output of said statistics regarding said financial product purchase offer data records based on the calculated fees earned with respect to the one or more data processing system participants in accordance with a predetermined netbacking schedule stored in a netbacking database, and/or based on the data processing system participants providing one or more financial product data records.

A computer, comprising:

• hardware and/or software designed to host a market for buying and selling of the financial products and a database of a pricing schedule for intermediation services and a database of data records of fees earned for intermediation of transactions in the market;
• hardware and/or software designed to obtain information describing solicitations for financial products from a plurality of applicants for origination of the financial products, and to store the solicitation information in a database;
• hardware and/or software designed to match the solicitation information against underwriting standards of a plurality of offerors of the financial products and to store the matched solicitation information and underwriting standards in a database;
• hardware and/or software designed to receive information describing closed financial products, and to update a database with information describing the closed financial products;
• and
• an interface designed to make the database of with information describing closed financial products available for a fee, the fee being determined with respect to market participants who pay fees to participate in the market in accordance with a predetermined netbacking schedule stored in a netbacking database, and/or based on the market participant's providing data records regarding financial products solicitations information and closed financial product information.

An apparatus, comprising:

• a data processing system having a program executing computer, a data storage device, and an output device;
• a plurality of insurance underwriting standards data records stored in said data storage device containing insurance underwriting standards from a plurality of insurance granting institutions;
• computer programs executing on said data processing system for:
• compiling statistics regarding said plurality of stored data records containing insurance underwriting standards and storing statistics data records in said data storage device;
• providing from said data processing system said statistics to a data processing system participant;
• calculating a price to the data processing system participant for said statistics data records provided to the data processing system participant, in which the price is reduced for fees obtained from transactions associated with the data processing system participant in accordance with a predetermined netbacking schedule stored in a netbacking database and/or based on the data processing system participant providing one or more insurance underwriting standards data records.