Invention Grant
- Patent Title: Electronic netting system for bilateral trades
- Patent Title (中): 双边贸易电子网络系统
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Application No.: US11319002Application Date: 2005-12-27
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Publication No.: US07769669B1Publication Date: 2010-08-03
- Inventor: Paul Ellis , Mark Rowell , Henry Etkin
- Applicant: Paul Ellis , Mark Rowell , Henry Etkin
- Applicant Address: US NY New York
- Assignee: Creditex Group, Inc.
- Current Assignee: Creditex Group, Inc.
- Current Assignee Address: US NY New York
- Agency: DLA Piper LLP (US)
- Main IPC: G06Q30/00
- IPC: G06Q30/00

Abstract:
An electronic netting system. The system may include: (a) a plurality of individual, segregated counterparties for providing bilateral trades, (b) a multi-lateral transaction hub, and (c) a trading system in communication with the transaction hub. The multi-lateral transaction hub may be for (i) providing an aggregation of trades between the counterparties, (ii) providing for multi-lateral netting of selected and authorized bilateral trades, and (iii) apportioning the accumulated trade values among the counterparties according to pre-determined netting parameters including a weighted distribution selectable by at least one of the counterparties. The transaction hub may include: (i) a trade processing system and (ii) a netting system in communication with the trade processing system for providing for the optimized, multi-lateral netting of selected and authorized bilateral trades and apportioning the accumulated trade values among the counterparties.
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