Financial settlement systems and methods
AssigneeBaton Systems, Inc.
InventorsArjun Jayaram, Mohammad Taha Abidi
Life of this patent
Estimating the term…
Abstract
Example financial settlement systems and methods are described. In one implementation, a financial management system identifies multiple trades between parties in a common network. The financial management system also identifies settlement rules associated with the common network and displays the multiple trades to the parties in the common network. Additionally, the financial management system receives an approval or dispute associated with at least one of the multiple trades from at least one party. The financial management system determines whether the received approval or dispute complies with the settlement rules and implements the received approval or dispute if it complies with the settlement rules.
Claims20
A method comprising:
- identifying, by a financial management system, a plurality of trades between a plurality of parties in a common network;
- identifying, by the financial management system, settlement rules associated with the common network;
- displaying the plurality of trades to the plurality of parties;
- receiving an approval or dispute associated with at least one of the plurality of trades from at least one party;
- determining whether the received approval or dispute complies with the settlement rules associated with the common network;
- and
- implementing the received approval or dispute if it complies with the settlement rules associated with the common network.
A method comprising:
- identifying, by a financial management system, a trade between a plurality of parties in a common network;
- identifying, by the financial management system, a plurality of partial trades associated with the identified trade;
- identifying, by the financial management system, settlement rules associated with the common network;
- displaying the plurality of partial trades to the plurality of parties;
- receiving an approval or dispute associated with at least one of the partial trades from at least one party;
- determining whether the received approval or dispute complies with the settlement rules associated with the common network;
- and
- implementing the received approval or dispute if it complies with the settlement rules associated with the common network.
An apparatus comprising:
- a data ingestion system configured to receive data associated with a plurality of trades between a plurality of parties in a common network;
- and
- a financial management system coupled to the data ingestion system and configured to:
- identify settlement rules associated with the common network;
- display the plurality of trades to the plurality of parties;
- receive an approval or dispute associated with at least one of the plurality of trades from at least one party;
- determine whether the received approval or dispute complies with the settlement rules associated with the common network;
- and
- implement the received approval or dispute if it complies with the settlement rules associated with the common network.
Dependencies are inferred from the claim text.