42 results about "Settlement date" patented technology

A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument.

A method of making payment. A request is received to effect payment between a buyer and a seller for a transaction having established terms. The terms include a payment amount and a settlement date. Messages are exchanged between the buyer and the seller that include an offer and acceptance of new terms for payment at other than the established terms. The new terms include an adjusted amount of payment to be made at a particular time after an event associated with the transaction. An electronic notification that the event has occurred is received, and the after the notification, payment between the buyer and seller is effected under the new terms. In one implementation, a digital signature indicating acceptance of the new terms is received. Another embodiment of the invention is directed to a method of effecting payment that includes receiving requests to effect a set of transactions with a set of entities. Requests for offers of terms different than the established terms are sent to the entities, and the different terms are to apply to payment made at a particular time after the event. Offers are received in response to the requests, and a set of offers among the offers is selected based on a set of one or more criteria. Requests for offers and selection of the offers may be made based on a goal seeking process. Another embodiment of the invention is directed to a method of making payment involving a buyer, seller and a third party, such as a financial institution. A system for making payment is also described.

An electronic market calendar that identifies settlement dates, holidays, market-related events, and provides links to news, information and research materials, pertaining to certain transaction terms, currencies or territories. The invention displays or provides a market calendar in which each one of a plurality of calendar dates that corresponds to a settlement date, a market-related event date or a holiday is displayed in a visibly distinct manner from the rest of the calendar dates. The set of market-related events may include, for example, events such as national elections, publications of economic forecasts, releases of economic reports, monetary policy announcements, trade announcements, interest rate announcements, press releases, governmental hearings, federal open market committee meetings, financial summit meetings, or any other events related to the market in which the electronic market calendar is applied.

A settlement method with electronic money in an electronic money system, achieving an economic effect by mentally promoting consumption of the electronic money is provided. When electronic settlement is made using electronic money, the balance of electronic money is reduced at a predetermined rate according to the difference between the predetermined reference date and the settlement date. The reduced balance is made the updated balance of the electronic money to depreciate the electronic money sequentially. From the updated balance of the depreciated electronic money, at least part of the demanded money is paid for settlement.