The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 13, 2010
Filed:
Feb. 24, 2004
Bengt Lejdström, Sollentuna, SE;
Fredrik Ohlsson, Solna, SE;
Oskar Sander, Stockholm, SE;
Michael Dimento, Sydney, AU;
Bengt Lejdström, Sollentuna, SE;
Fredrik Ohlsson, Solna, SE;
Oskar Sander, Stockholm, SE;
Michael Dimento, Sydney, AU;
OMX Technology, Stockholm, SE;
Abstract
A method for financial transactions within a Central Securities Depository comprises a clearing process and a settlement process. The clearing process preparing the transactions for the settlement process selects a settlement rule to be followed in the clearing process. The rule defines how the transaction is to be settled and a settlement obligation group. The group includes a number of settlement instructions that must be settled at the same time. The clearing process also 'locks in' the assets with which the transactions are concerned thereby reserving the assets for a specific settlement instruction. The settlement process includes selecting transfer instructions for all settlement obligations belonging to the settlement obligation group. The transfer instructions are irrevocable instructions to transfer the assets between participants in the CSD. The settlement process also checks that all transfer instructions are carried out successfully and reports the result of the settlement to the participants involved.