WO2008112109A3 - System and method for affirming over the counter derivative trades - Google Patents
System and method for affirming over the counter derivative trades Download PDFInfo
- Publication number
- WO2008112109A3 WO2008112109A3 PCT/US2008/002910 US2008002910W WO2008112109A3 WO 2008112109 A3 WO2008112109 A3 WO 2008112109A3 US 2008002910 W US2008002910 W US 2008002910W WO 2008112109 A3 WO2008112109 A3 WO 2008112109A3
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- affirming
- over
- trades
- counterparties
- affirmation
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
Abstract
Methods and systems that provide a post-trade affirmation and messaging service. This service allows parties to affirm trades with their counterparties prior to processing. The addition of this affirmation layer helps ensure that all the key economic details of the trade including allocations, reference entity, payment dates etc. are agreed to between both counterparties immediately after execution.
Priority Applications (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
CA002678924A CA2678924A1 (en) | 2007-03-13 | 2008-03-05 | System and method for affirming over the counter derivative trades |
EP08726445A EP2135208A4 (en) | 2007-03-13 | 2008-03-05 | System and method for affirming over the counter derivative trades |
Applications Claiming Priority (6)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US90653007P | 2007-03-13 | 2007-03-13 | |
US60/906,530 | 2007-03-13 | ||
US83379307P | 2007-07-28 | 2007-07-28 | |
US60/833,793 | 2007-07-28 | ||
US11/882,090 US20080235146A1 (en) | 2006-07-28 | 2007-07-30 | System and method for affirming over the counter derivative trades |
US11/882,090 | 2007-07-30 |
Publications (3)
Publication Number | Publication Date |
---|---|
WO2008112109A2 WO2008112109A2 (en) | 2008-09-18 |
WO2008112109A3 true WO2008112109A3 (en) | 2009-02-12 |
WO2008112109A4 WO2008112109A4 (en) | 2009-03-26 |
Family
ID=39760268
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2008/002910 WO2008112109A2 (en) | 2007-03-13 | 2008-03-05 | System and method for affirming over the counter derivative trades |
Country Status (1)
Country | Link |
---|---|
WO (1) | WO2008112109A2 (en) |
Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6317727B1 (en) * | 1997-10-14 | 2001-11-13 | Blackbird Holdings, Inc. | Systems, methods and computer program products for monitoring credit risks in electronic trading systems |
US20030083978A1 (en) * | 1999-11-24 | 2003-05-01 | Trioptima Ab | System and method of implementing massive early terminations of long term financial contracts |
US20060224491A1 (en) * | 2005-04-01 | 2006-10-05 | De Novo Markets Limited | Trading and settling enhancements to the standard electronic futures exchange market model leading to novel derivatives including on exchange ISDA type credit derivatives and entirely new recovery products including novel options on these |
-
2008
- 2008-03-05 WO PCT/US2008/002910 patent/WO2008112109A2/en active Application Filing
Patent Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6317727B1 (en) * | 1997-10-14 | 2001-11-13 | Blackbird Holdings, Inc. | Systems, methods and computer program products for monitoring credit risks in electronic trading systems |
US20030083978A1 (en) * | 1999-11-24 | 2003-05-01 | Trioptima Ab | System and method of implementing massive early terminations of long term financial contracts |
US20060224491A1 (en) * | 2005-04-01 | 2006-10-05 | De Novo Markets Limited | Trading and settling enhancements to the standard electronic futures exchange market model leading to novel derivatives including on exchange ISDA type credit derivatives and entirely new recovery products including novel options on these |
Non-Patent Citations (1)
Title |
---|
See also references of EP2135208A4 * |
Also Published As
Publication number | Publication date |
---|---|
WO2008112109A4 (en) | 2009-03-26 |
WO2008112109A2 (en) | 2008-09-18 |
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