Online sales risk management system

A computerized apparatus system for facilitating management of risk associated with conducting a transaction for at least one of goods and services, said transaction conducted in multiple currencies, and said computerized apparatus system comprising:

• a host computer comprising a processor and a storage for digital data;
• and
• executable software stored on the host computer storage and executable on demand, the software operative with the host computer processor to cause the host computer to:
• store in the host computer storage digital data identifying a seller of at least one of:
• goods and services;
• store in the host computer storage digital data descriptive of a currency exchange price that relates a base currency to a foreign currency and which is effective for currency amounts involved in multiple transactions comprising at least one of goods and services, sold by the seller;
• indicate in the host computer storage a predetermined period of time during which the currency exchange price is effective for amounts exchanged as a result of multiple transactions involving the sale of at least one of:
• goods and services, sold by the seller;
• receive into the host computer storage digital data descriptive of multiple executed transactions, wherein the digital data descriptive of the multiple executed transactions comprises an indication that the transactions involved at least one of:
• goods and services sold by the seller, and wherein the digital data additionally comprises an amount of foreign currency involved in the multiple transactions and the date each of the multiple transactions were executed;
• determine that one or more of the executed transactions were executed during the period of time during which the currency exchange price is effective;
• calculate an amount of foreign currency to be exchanged according to the currency exchange price based upon the amount of foreign currency transacted in the one or more transactions executed during the period of time during which the currency exchange price is effective;
• receive into the host computer storage digital data descriptive of a projected amount of sales from one or more sellers;
• and
• calculate a forward contract amount comprising an exchange of the base currency and the foreign currency, based upon an aggregate of the projected amounts of sales received.

A computer implemented method for managing the impact of foreign exchange on the sale of one or more of goods and services in an online transaction, the method comprising the steps of:

• receiving digital data into a computer storage, the digital data indicative of a currency exchange price that relates a cost to exchange a foreign currency into a base currency, wherein the currency exchange price will be adhered to by a currency exchange provider for currency amounts involved in multiple transactions comprising one or more of:
• goods and services offered for sale by a particular seller;
• storing digital data in the computer memory comprising a price for one or more of:
• goods and services, wherein the price is denominated in the base currency;
• inputting into the computer storage digital data comprising a predetermined period of time during which the currency exchange price will be adhered to by the currency exchange provider for currency amounts involved in one or more transactions comprising the one or more of:
• goods and services offered for sale by the particular seller, and executed during the predetermined period of time;
• calculating a selling price with a processor operative with executable software, the selling price comprising a price for the one or more of:
• goods and services, denominated in the foreign currency and based upon the price for the one or more of:
• goods and services denominated in the base currency and the currency exchange price;
• and
• outputting digital data comprising an offer for sale for the one or more of:
• goods and services, wherein the offer for sale comprises the selling price denominated in the foreign currency and an offer time period during which the offer for sale is available, wherein the offer time period is based upon the predetermined period of time during which the currency exchange price will be adhered to by the currency exchange provider;
• calculating with the processor, a projected amount of currency involved in online sales executed by the seller during the period of time which the currency exchange price will be adhered to by a currency exchange provider;
• and
• transmitting digital data to the currency exchange provider comprising the projected amount of currency involved in online sales during the period of time which the currency exchange price will be adhered to by the currency exchange provider, wherein the currency exchange price is based upon the projected amount of currency involved in online sales during the period of time which the currency exchange price will be adhered to by the currency exchange provider.