Multilateral allocated-credit foreign exchange risk hedging method and system
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United States of America Patent
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N/A
Issued Date -
Apr 3, 2003
app pub date -
Sep 28, 2001
filing date -
Sep 28, 2001
priority date (Note) -
Abandoned
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Abstract
A method and system for conducting foreign exchange transactions, whereby the company-user derives benefits comprising greater ease in conducting foreign exchange transactions, greater choice in transactional counterparties with as a consequence more competitive transaction pricing, and whereby participating financial institutions derive benefits comprising establishing contact with new counterparties and potential clients, accommodating the desire of existing clients for a more supple and cost-efficient foreign exchange transacting system, providing competitive foreign exchange services to their small enterprise customers where the provision of such services is not one of the institution's core competencies or where provision of such services to small businesses is not cost-effective.
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