Efficient market for financial products
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United States of America Patent
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Jun 18, 2013
Issued Date -
N/A
app pub date -
Sep 23, 2011
filing date -
Oct 24, 1998
priority date (Note) -
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Abstract
A data processing system is disclosed that provides an efficient market for financial products in which statistics regarding a plurality of stored data records containing financial product underwriting standards are calculated, stored in a data storage device, then made available to a data processing system participant at a price which is reduced for fees obtained from transactions associated with the data processing system participant in accordance with a predetermined netbacking schedule stored in a netbacking database, and/or based on the data processing system participant providing one or more financial product data records.
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