`
`[19]
`United States Patent
`5,970,479
`[11] Patent Number:
`Shepherd Oct. 19, 1999 [45] Date of Patent:
`
`
`
`
`
`[54] METHODS AND APPARATUS RELATING TO
`THE FORMULATION AND TRADING OF
`RISK MANAGEMENT CONTRACTS
`
`[75]
`
`Inventor:
`
`Ian K. Shepherd, Toorak, Australia
`
`[73] Assignees: Swychco Infrastructure Services Pty.
`Ltd., Melbourne, Australia; Swychco
`Support Services Pty. Ltd., Sydney,
`Australia
`
`[21] Appl. No.: 08/070,136
`
`[22]
`
`Filed:
`
`May 28, 1993
`
`[30]
`
`Foreign Application Priority Data
`
`May 29, 1992
`Jun. 30, 1992
`
`[AU]
`[AU]
`
`Australia ................................ PL 2677
`Australia ................................ PL 3216
`
`Int. Cl.6 ...................................................... G06F 17/60
`[51]
`[52] US. Cl.
`................................................... 705/37; 705/4
`[58] Field of Search ................................. 364/408; 705/4,
`705/37
`
`[56]
`
`References Cited
`
`U.S. PATENT DOCUMENTS
`
`3,573,747
`4,346,442
`4,376,978
`
`4/1971 Adams et al.
`8/1982 Musmanno .
`3/1983 Musmanno .
`
`.
`
`(List continued on next page.)
`
`FOREIGN PATENT DOCUMENTS
`
`90123894 12/1990
`European Pat. Off.
`0 407 026 A2
`1/1991
`European Pat. Off.
`0434224 A2
`6/1991
`European Pat. Off.
`0 512 702 A2
`11/1992
`European Pat. Off.
`1 489 573
`10/1977
`United Kingdom .
`2180380
`11/1989
`United Kingdom .
`WO 90/11571
`10/1990 WIPO .
`91/14231
`9/1991 WIPO .
`WO 93/15467
`8/1993 WIPO .
`WO 94/20912
`9/1994 WIPO .
`
`.
`.
`.
`.
`
`OTHER PUBLICATIONS
`
`“The DTB—West Germany’s New Options and Futures
`Exchange. (2 of 2),” Business Briefing published in Insti-
`tutional Investor; Aug. 31, 1989.
`Murphy, “Soffex Well—Established After First Six Months,”
`Business Briefing published by Reuters News Service, Nov.
`16, 1988.
`
`(List continued on next page.)
`
`Primary Examiner—Gail O. Hayes
`Assistant Examiner—Barton L. Bainbridge
`Attorney, Agent, or Firm—Sterne, Kessler, Goldstein & Fox
`P.L.L.C.
`
`[57]
`
`ABSTRACT
`
`Methods and apparatus which deal with the management of
`risk relating to specified, yet unknown, future events are
`disclosed.
`
`‘Sponsor’ stakeholders specify a particular product relating
`to an event or phenomenon for which there is a range of
`possible future outcomes.
`
`‘Ordering’ stakeholders then offer contracts relating to the
`predetermined phenomenon and corresponding range of
`outcomes. The offered contracts specify an entitlement or
`(pay-off) at the future time of maturity for each outcome, and
`a consideration (or premium) payable, in exchange, to a
`‘counter-party’ stakeholder.
`
`Independently of the offered contracts, the ‘counter-party’
`stakeholders input data as to their view of the likelihood of
`occurrence of each outcome in the predetermined range into
`the future, or specifically at
`the predetermined date of
`maturity.
`
`Each offered contract is priced by calculating counter-party
`premiums from the registered data, and a match attempted
`by a comparison of the offered premium with the calculated
`premiums.
`
`Matched contracts can be further traded until maturity, and
`at-maturity processing handles the exchange of entitlement
`as between the matched parties to the contract.
`
`39 Claims, 101 Drawing Sheets
`
`18
`
`AL
`Pames
`stceltaneous ]
`
`
`i
`
`;,Conslderatlon/
`1
`Entitlement
`
`Transfer Entities ]
`
`16
`
`,
`
`Ragurators
`
`U
`
`, /
`7
`Apphcatlon
`Promoters
`
`11
`
`‘
`
`
`
`1
`
`20
`
`10
`
`12
`
`Product
`Sponsors
`
`
`
`1t
`
`
`J
`
`‘1 1
`rocesslng Unlts
`
`
`|:
`
`[13
`‘ Jim]
`Ordenng Farttes 51‘
`
`14
`
`
`
`Potential Ptoduct
`Counterparties
`
`l
`
`15
`L
`CounterpartyS
`‘ Guarantor7
`91
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`5,970,479
`Page 2
`
`U.S. PATENT DOCUMENTS
`
`6/1987 Kalmus.
`4,674,044
`1/1988 Roberts ................................... 364/408
`4,722,055
`4/1988 Roberts.
`4,739,478
`6/1988 Lucas.
`4,751,640
`8/1988 Fox ............................................. 705/4
`4,766,539
`4,823,264
`4/1989 Deming .
`5/1989 Luchs .
`4,831,526
`4,839,804
`6/1989 Finnerty .
`4,903,201
`2/1990 Wagner .
`6/1990 Durbin .
`4,933,842
`8/1990 Atkins.
`4,953,085
`4,975,840 12/1990 DeTore .
`4,980,826
`12/1990 Wagner .
`5,077,665
`12/1991 Silverman .
`5,101,353
`3/1992 Lupien .
`5,126,936
`6/1992 Champion et al.
`5,136,501
`8/1992 Silverman et al.
`OTHER PUBLICATIONS
`
`..................... 364/408
`
`..... 705/37
`
`“A New Futures and Options Exchange to Come into Effect
`in 1990.
`(2 0f 3),” Business Briefing published in
`Euromoney Supplements, Nov. 17, 1989.
`“Heavy Losses Have Been Chalked Up by City Punters
`Betting on the Financial Markets,” Evening Standard, Oct.
`22, 1987, p. 39.
`“A Number of City Brokers and Dealers are Facing Finan-
`cial Ruin as a Result of Losses They Have Incurred by
`Gambling on Future Movements in Stock Market Indices,”
`Evening Standard, Oct. 30, 1987, p. 59.
`“Christopher Hales, the Managing Director of City Index,
`the Organisation that Allows Punters to Bet on the FTSE
`Index, Has Not Yet Been Offered a Porche .
`.
`. ” Evening
`Standard, Nov. 2, 1987, p. 50.
`“The Game of Professional Investment is Intolerably Boring
`and Over—Exacting to Anyone Who is Entirely Exempt from
`the Gambling Instinct, While He Who Has it Must Pay to
`this Propensity the Appropriate Toll, ” Planned Savings,
`Dec. 1987, pp. 50—51.
`“L K: Law Prohibiting Stock Market Betting Agencies from
`Suing Clients Overturned in Recent Legislation,” The Times,
`Jul. 24, 1990.
`“LK: Court Rules Gamblers Owing Money on Bets on
`Stock Market Have to Pay Up,” Mail on Sunday, Jul. 29,
`1990, p. 61.
`“L K: Independent Law Report—Stock Market Movement
`Bet Claimed,” Independent Aug. 3, 1990, p. 13.
`“L K: City Index Successfully Sues Spencer Leslie for
`£35,000,” Euroweek Aug. 3, 1990, p. 23.
`“L K: Times Law Report—Differences Contract is Enforce-
`able,” The Times, Oct. 3, 1990.
`“L K: Current Law—City Index Ltd. v. Leslie; Gaming
`Contracts are Unenforceable Unlike Business Contracts,”
`Chartered Surveyor Law Report, Oct. 18, 1990, p. 132.
`“L K: Court of Appeal Rejects Market Gambler Case,”
`Financial Times, Mar. 15, 1991, p. 7.
`“L K: Personal Finance (Savings Snips)—City Saver—City
`Index Link,” Observer; Mar. 7, 1993, p. 35.
`“L K: Spread Your Bets for Dodgy Deregulation,” Evening
`Standard, Apr. 7, 1995.
`“L K: How to Make a Winning Spread Bet This Summer—
`The New Gambling—CoverStory,” The Times, Apr. 8, 1995 .
`“L K: Family Finance—D0 You Fancy a Financial Flutter?”
`Sunday Telegraph, Apr. 9, 1995, p. 9.
`Nigel Cope, “UK: Where Bookie Meets Broker,” Manage-
`ment Today, May 1995, p. 76.
`
`
`
`Jonathan Davis, “UK: Your Money—Spread Betting—Risk
`and Reward in Selling the Ivory Coast Short,” Independent,
`May. 27, 1995, p. 21.
`“UK: Register—Meal Quarterly Summary—Jun. 1995—
`City Index Ltd.,” Register—Illeal, Jun. 14, 1995.
`“UK: Scrum 0n Down for New Way of Betting,” Mail on
`Sunday, Jun. 18, 1995.
`Lucy Roberts, “UK: City Diary—City Index Weather Fore-
`casts,” Independent, Jun. 23, 1995, p. 26.
`“UK: Christmas Day Snow Index Launched,” Evening Stan-
`dard, Dec. 8, 1995.
`Joe Saumarez Smith, “Australia: City—Bookie’s Move to
`Hit Betting Duty,” Sunday Telegraph, Dec. 24, 1995, p. 2.
`“UK: City Diary—Spreading the Word,” Daily Telegraph,
`Mar. 21, 1996, p. 21.
`“UK: City Diary—Index Link a Fairly Safe Bet,” Daily
`Telegraph, Jul. 16, 1996, p. 25.
`“UK:
`IG Index Comments on Rivals Merger Plans,”
`Evening Standard, Jul. 17, 1996.
`“UK: City Index—Partners,” Financial Times, Oct. 14,
`1996, p. 14.
`“UK: Reuters Launches Two UK Stock Indices,” Reuters
`Limited, Nov. 8, 1996.
`Paul Stokes, “UK: New Index Sparks a Worldwide Market
`for Scotland,” Scotsman, Nov. 9, 1996, p. 21.
`“UK: City Diary—Bookmaker Chief Appointed,” Daily
`Telegraph, Mar. 24, 1997, p. 26.
`“UK: Family Finance—Bond Pep From Age Concern—
`Savings Scene,” Sunday Telegraph, Sep. 14, 1997, p. 10.
`Raymond Snoddy, “UK: Mirror to Launch Online Betting
`Service with PA—The Mirror Group—PA News,” The
`Times, Sep. 19, 1997, p. 25.
`“A New Futures and Options Exchange to Come into Effect
`in 1990.
`(3 0f 3),” Business Briefing published in
`Euromoney Supplements, Nov. 17, 1989.
`“The Success of Soffex—The World’s First Fully Auto-
`mated Exchange,” Business Briefing, Nov. 17, 1989.
`Curtis M. Elliott and Emmett J. Vaughan: “Fundamentals of
`Risk and Insurance,” John Wiley & Sons, Inc. 1972.
`William A. Spurr and Charles P. Bonini: “Statistical Analysis
`for Business Decisions,” Richard D. Irwin, Inc. 1974.
`John W. Labuszewski and John E. Nyhoff: “Trading Options
`on Futures—Markets, Methods, Strategies and Tactics,”
`John Wiley & Sons, Inc. 1988.
`Edgar E. Peters: “Chaos and Order in the Capital Mar-
`kets—A new View of Cycles, Prices, and Market Volatility,”
`John Wiley & Sons, Inc. 1991.
`David Mayers and Clifford Smith: “The Corporate Insurance
`Decision”—j0urnal article reprinted in “The Revolution in
`Corporate Finance” edited by Joel M. Stern & Donald H.
`Chew, Jr., Blackwell Finance, 1992.
`Charles Smithson and Clifford Smith: “Managing Financial
`Risk”—j0urnal article reprinted in “The Revolution in Cor-
`porate Finance,” edited by Joel M. Stern & Donald H. Chew,
`Jr., Blackwell Finance, 1992.
`Donald R. Lessard: “Finance and Global Competition:
`Exploiting Financial Scope and Coping with Volatile
`Exchange Rates”—j0urnal article reprinted in “The Revo-
`lution in Corporate Finance” edited by Joel M. Stern &
`Donald H. Chew, Jr., Blackwell Finance, 1992.
`Alan C. Shapiro and Sheridan Titman: “An Integrated
`Approach to Corporate Risk Management”—j0urnal article
`reprinted in “The Revolution in Corporate Finance” edited
`by Joel M. Stern & Donald H. Chew, Jr., Blackwell Finance
`1992.
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19, 1999
`
`Sheet 1 of 101
`
`5,970,479
`
`11
`
`
` Application
`
`Promoters
`
`12
`
`18
`
`Miscellaneous
`Parties
`
`
`
`
`
`
`
`
`Consideration/
`Entitlement
`Transfer Entities
`
`
`
`
`16
`
`
`
`
`Regulators
`
`
`
`
`
` Counterparty
`
` 13
`Guarantors
`
`
`
`
`
`Product
`
`Sponsors
`
`
`__f
`
`
`Product
`
`Ordering Parties
`
`
`
`‘14
`
`
`Potential Product
`
`Counterparties
`
`
`
`FIG. 1
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 2 of 101
`
`5,970,479
`
`
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 3 of 101
`
`5,970,479
`
`2004
`
`Fig. 2b
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 4 of 101
`
`5,970,479
`
`INVENTCO, 10
`
`INVENTCO SYSTEM #N
`
`INVENTCO SYSTEM #1
`
`Fig. 3
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 5 of 101
`
`5,970,479
`
`M - INVENTCO
`
`"
`
`'MARKETS' COLLECTION #N
`
`I'MARKETS' COLLECTION #2
`
`'MARKETS' COLLECTION #1 (CONTRACT APPS)
`
`CONTRACT APP #1
`
`CONTRACT APP #M
`
`Fig. 4
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 6 of 101
`
`5,970,479
`
`CONTRACTAPP#M
`
`PROCESS#9
`
`PROCESS#2
`
`PROCESS#1
`
`Fig. 5
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19, 1999
`
`Sheet 7 of 101
`
`5,970,479
`
`EquEum
`
`
`
`COGS—MN/HoabEOU
`
`0000.0000.fl0No.3
`
`8.8832.03a
`
`63:50
`
`986525
`
`8332:
`
`HHAEEH
`
`
`
`cogs—MS65:50
`
`
`
`00000000.560.8
`
`3352:
`
`
`
`cosmofioommcosminfixx
`
`0000005_0—.800
`
`82803::
`
`0.ma
`
`
`
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`
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`
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`
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`
`
`
`ASmnEoQ0:“38:80.50355
`
`
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`
`
`
`cosmowmoomm626$
`
`0000.0080.0000:3
`
`62309005
`
`
`
`
`
`32%:520@255030@250.30955558$
`
`
`
`
`
`052$cosmoEoonmEEO8:806quEEObnECL€825.00EESOQ
`
`
`
`
`
`
`
`
`
`
`
`
`
`00.0_02;,550.800.9.3.3.5.50.800002.3.5.50.8300806on
`
`
`
`
`
`
`
`
`
`
`
`638525638.558.8.8.3.5.8.mm
`
`Starbucks Corp.
`
`Exhi
`
`it 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`
`
`
`
`
`
`
`
`
`US. Patent
`
`Oct. 19, 1999
`
`Sheet 8 of 101
`
`5,970,479
`
`P
`
`EMJLE<XH
`
`EuEuEvm
`
`000000_58Z00
`
`65:50
`8.8822:gcccooooeaoog
`
`
`
`EOCwD_m>HQEECU£05030>000.250
`
`sewage@2320
`
`
`
`0.3960595:2E83;<
`
`00.0000CE2mo
`
`n.5
`
`
`
`32:3265:50
`
`00.00002.5.2.00
`
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`
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`
`
`
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`
`
`5585807.3:0ch
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`
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`
`Starbucks Corp.
`
`Exhi
`
`it 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`
`
`
`
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 9 of 101
`
`5,970,479
`
`Order sequence management
`
`625
`
`/Order authorisation
`
`
`
`
`
`(Fig 9)
`
`640
`
`Order matching
`(Fig 11)
`
`650
`
`
`
`Matched order
`
`
`
`confirmation
`
`
`
`(Fi g 16)
`
`Fig. 8
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 10 of 101
`
`5,970,479
`
`From "START" (610) or "A"
`
`1010
`
`Determine which
`
`file to process
`
`
`
`
`ew orders
`
`
`
`
`
`PORD_QUEUE
`
`PORD_NEW
`
`1040
`
`
`
`1030
`
`
`?
`
`Load queued
`order
`
`
`
`Order authorisation
`
`1060
`
`1050
`
`(Fig 10)
`
`“Order Matching" (640)
`
`Fig. 9
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 11 of 101
`
`5,970,479
`
`From "Load New Order" (1030)
`
`1100
`
`Assign unique
`
`identification to OID
`
`Load product details and
`
`set PMAT, PCUR,
`
`
`
`1110
`
`PNCUR, PC/ED, PMIN,
`
`PPRODUCT
`
`1120
`
`
`
`
`
`PMAX, PSTEP
`
`
`
`1150
`
`1130
`
`NO
`
`YES
`
`Reject order
`
`1140
`
`1160
`
`"Order Matching" (640)
`
`Report to
`
`ordering party
`
`o
`
`1162
`
`Fig. 10
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 12 of 101
`
`5,970,479
`
`From "Order Sequence Management" (625)
`
`1200
`
`1240
`
`1250
`
`YES
`
`Reject order
`
`
`.
`
`etention
`
`time expired
`?
`
`
`Get product
`
`
`
`counterparty short list
`
`
`
`Report to ordering
`(Fig 12)
`my
`
`Calculate counterparty
`
`bid process
`F1
`13
`( g
`)
`
`
`PORD_REJ
`
`1220
`
`1222
`
`0
`
`m
`1232
`
`1255
`
`
`
`Select counterparty bid
`Quote
`order
`prices from short list and
`
`
`7
`
`NO
`
`queue order
`
`1260
`
`Match with potential
`
`.
`oounterparty from short list
`
`
`
`(Fig 15)
`
`1256
`
`FORD QUEUE
`‘
`
`1257
`
`1261
`
`atche
`order
`
`17
`
`YES
`
`N0
`
`0
`
`"Matched Order Confirmation" (650)
`
`Fig. 11
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 13 of 101
`
`5,970,479
`
`From "Retention time expired?" (1200)
`
`1300
`
`1310
`
`1330
`
`Empty potential product
`
`counterparty short list
`
`
`
`
`
`Get available product
`counterparties using
`
`BID, PLD and set SID
`
`
`
`
`-
`.
`
`
`ext availab
`counterparty
`9
`
`ES
`
`
`(CANON and MANUAMSIDD
`or (OMANUAL and ANON(SID))
`
`1320
`
`N0
`
`"Calculate Product
`
`Counterparty Bids" (1250)
`
`
`
`
`
`Determine the defined
`
`
`circumstances identification for the
`
`current order and store in DCID m
`
`
`
`
`Select pricing parameters
`using SID, PID, DCID
`
`1336
`
`1350
`
`
`Add counterparty-to short list and set
`
`PRICEFUNC(S]D), CR(SID),
`
`DR(SID), C-CXCHANG(SID),
`
`
` ricing and rates
`
`offered by counterparty
`
`
`7
`
`
`E—CXCHANG(SLD),
`
`E-NCXCHANG(SID),
`
`C-NCXCHANG(SID),
`
`C—C/EXCHANGSID),
`
`E-C/EXCHANG(SID),
`
`
`ANON(SID), MANUAL(SID
`
`
`1370
`
`Fig. 12
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 14 of 101
`
`5,970,479
`
`From "Get Product Counterparty Short List" (1240)
`
`1400
`
`For each counterparty
`in short list
`
`‘ext available
`
`counterp arty
`’?
`
`(125 5)
`
`
`
`
`
`
`
`
`
`PRICE(SID) = CALC_FUNC(PRICEFUNC(SID), PAYFUNC, PAYPARAM)
`(Fig 14)
`
`MT_DAY = PMAT - CUR_DATE
`
`<®
`
`
`
`
`DIV = DIV * (1.0 + ((DR(SID)/lOO)/365))
`I : l + l
`
`PRICE(SID) = PRICE(SID) /DIV
`
`
`
`PRICE(SID) = PRICHSID) + ((CR(SID)/IOO) * PRICE(S[D))
`
`1480
`
`Fig. 13
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 15 of 101
`
`5,970,479
`
`(From 1420)
`
`
`
` INDEX = PMIN
`
`PRICE(SID) = o
`
`1490
`
`PR1CE(SID) = PR1CE(SID) *
`
`E-CXCHANG(SID) *
`
`E-NCXCHANG(SID) *
`
`E-C/EXCHANG(SID)
`
`1510
`
`
`
`
`
`
` P1 = PRICEFUNCGNDEX)
`
`(Block 1430)
`
`P2 = PAYFUNCUNDEX)
`
`PR1CE(SID) = PR1CE(SID) + (Pl * P2)
`
`INDEX = INDEX + PSTEP
`
`1540
`
`1550
`
`Fig. 14
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 16 of 101
`
`5,970,479
`
`
`
`1560
`
`counterparties in short list
`
`‘7
`
`Any potential
`
`NO
`
`(From 1260)
`
`
`
`Pick lowest priced counterpart)!
`and store BPRICE and SID
`
`BPRICE >
`
`
`
`No match possible with
`MAXCONSID
`
`
`
`
`
`7
`
`
`short list (SID = 0
`
`
`Select counterparty limit details and set CEL2(SID),
`
`current counterparty
`
`CEL3(SID), CEL4(SID), CELS(SID), ELLl(SID),
`
`ELL2(SID), ELL3(SID), ELL4(SID), ELL5(SID),
`
`MC(SID), MCC(SID), CAL2(SID), ALL1(SID),
`
`not violate any counterpaity limits
`
`
`
`
`
`ALL2(SID), ELFUNC(SID), EVFUNC(SID), EVLl(SID)
`
`
`
`EL(SID) = CALC_FUNC(ELFUNC(S]D), PAYFUNC, PAYPARAM)
`AL(SID) = (PAYFUNC, PAYPARAM)
`
`
`
`EV(SID) = CALC_FUNC(EVFUNC(SID), PAYFUNC, PAYPARAM)
`
`
`Determine what part of the order will
`
`Remove
`
`
`counterparty from
`
`
`
`SID set to identification
`
`
`
`Queue part of
`order un—matched
`of matching counterparty
`
`
`
`short list
`
`1614
`
`
`
`Fig. 15
`
`"Matched Order?"
`
`(1228)
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 17 of 101
`
`5,970,479
`
`From “Order Matching"(640) M
`1622
`
` Send manual
`
`authorisation requests
`
`PAYACC
`SHADOW
`
`1631
`
`1632
`
`1636
`
`1635
`
`1639
`
`
`
`
`Make consideration
`"payment"
`
`
`
`- y rejection
`?
`
`
`YES
`
`1 626
`
`
`
`YE
`
`
`
`
`
`Update matching counterparty's
`
`current accumulated expected and
`absolute losses
`
`
`
`
`OPRICE = PRICE(SID)
`SPRICE = SID
`
`PORD_REJ
`
`1629
`
`Report to ordering party,
`
`matching counterparty,
`
`Order matched and
`
`confirmed
`
`
`
`
`
` guarantor, regulatorj
`
` application promoter
` Report to
`
`ordering party
`
`1641
`
`1640
`
`Fig. 16
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19, 1999
`
`Sheet 18 of 101
`
`5,970,479
`
`
`
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`
`
`
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`Starbucks Corp.
`
`Exhi
`
`it 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`
`
`
`
`
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 19 of 101
`
`5,970,479
`
`310
`
`410
`
`320
`
`327
`
`DEALIJSTTRANS.\
`
`332
`
`341
`
`347
`
`354
`
`361
`
`Transaction
`
`
`
`updates
`
`430
`
`m
`
`460
`
`M
`
`470
`
`480
`
`490
`
`M
`
`500
`
`'m
`
`510
`
`520
`
`Fig. 18
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 20 of 101
`
`5,970,479
`
`FORD QUEU =
`1260
`
`PORD RE]
`
`1270
`
`1280
`
`1350
`
`1360
`
`1370
`
`1400
`
`1200
`
`START
`
`0
`121 0
`
`[I'll
`
`PORD NEW
`
`Order File Selection
`
`1220
`
`1250
`
`PPRODUCT
`
`/Order authorisation 1230
`
`Order sequence management
`
`m 1
`
`240
`
`1340
`
`1290
`
`Order matching 1300
`
`w
`1310
`
`1390
`
`1320
`
`M
`
`1330
`
`i\I
`1380
`
`Matched order
`
`1410
`
`confirmation PAYACC
`
`SHADOW
`
`1420
`
`FORD CON}:
`
`1430
`
`o
`
`Fig.19
`
`1440
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 21 of 101
`
`5,970,479
`
`195 5
`
`START
`
`1956
`
`SORD QUEUE
`
`Order File Selection
`
`1961
`
`SORD NEW
`
`1957
`
`SPRODUCTIfI
`
`1960
`
`SORD RE]
`
`1962
`
`1963
`
`.
`
`SORD QUEUE
`
`1968
`
`1969
`
`1970
`
`SORD RE]
`
`1973
`
`PAYACC
`
`SHADOW
`
`1974
`
`SORD CONF
`
`1975
`
`1976
`
`1958
`
`1959
`
`1964
`
`Order sequence management
`/Order authorisation
`
`
`
`1967
`
`SORD RE]
`
`Order matching P
`
`SDEAL LIST
`
`1965
`
`1966
`
`1972
`
`continuation 1971
`
`Matched order
`
`Fig. 20
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 22 of 101
`
`5,970,479
`
`3000
`
`o
`3010
`
`DPORD NEW \
`
`Order File Selection
`
`3060
`
`DPORD RE]
`
`3070
`
`3050 mOrder sequence management
`
`.
`.
`h
`/0 d
`r er aut onsatron
`
`3080
`
`3020
`
`3030
`
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`
`040
`
`3150
`
`3160
`
`‘m
`
`3170
`
`3200
`
`3090
`
`3140
`
`-
`
`
`Order matching
`
`3100
`
`M 3
`
`110
`
`M 3190 m
`
`
`‘
`
`32 1 0
`
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`3220
`
`3120
`
`Matched order
`m confirmation
`3130
`
`M
`
`3180
`
`o
`
`DPORD CO
`
`3230
`
`3250
`
`Fig. 21
`
`3240
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet23 0f101
`
`5,970,479
`
`4000
`
`9
`
`4010
`
`Order File Selection
`
`DSORD NEW
`
`4020
`
`DSPRODUCTl’|
`
`4050
`
`Order sequence management
`/Order authorisation
`
`
`
`4030
`
`4040
`
`4090
`
`DSORD QUE
`
`4060
`
`DSORD RE]
`
`4070
`
`4080
`
`_.
`
`DSORD QUE
`
`4130
`
`4140
`
`4150
`
`DSORD RE]
`
`4180
`
`PAYACC
`
`SHADOW
`
`4190
`
`DSORD CONF
`
`4200
`
`4220
`
`Starbucks Corp. Exhibit 1039
`
`4120
`
`DSORD RE]
`
`Order matching 4100
`
`4110
`
`4170
`
`confirmation 4160
`
`Matched order
`
`HISTORY
`
`4210
`
`Fig. 22
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 24 of 101
`
`5,970,479
`
`M MULTILAT
`
`OBLKENET
`4500
`
`4650
`
`PROCESS 6
`
`4660
`
`BmAT
`OBLKENET
`4640
`
`BILAT
`PYMTS NET
`
`4620
`
`4610
`
`VALUAUON
`
`4600
`
`MATPROD
`VALUES
`
`4520
`
`PAYACC
`
`SHADOW
`
`4530
`
`PAYACC FINAL
`
`4540
`
`HwTORY
`
`4550
`
`4580
`
`4570
`
`Fig. 23
`
`SnubuckSCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 25 of 101
`
`5,970,479
`
`5010
`
`START
`
`5022
`
`
` Applic
`"Start—of day"
`
`7
`
`5040
`
`Receipt of previous days 5030
`
`matured contract actual
`product event value details
`
`Product
`
`Sponsors
`
`5080
`
`5050
`
`MAT PROD
`
`VAL
`5060
`
`S
`
`5070
`
`Fig. 24
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 26 of 101
`
`5,970,479
`
`5200
`
`START
`
`
`5210 Applic
`"Start-of day"
`
`7
`
`
`
`Consideration/
`
`Entitlement
`Transfer Entities
`
`PAYACC
`
`managemth
`
`5250
`
`5 260
`
`PAYACC
`
`SHADOW
`
`527 0
`
`5280
`
`Fig. 25
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 27 of 101
`
`5,970,479
`
`MAT PROD
`
`VAL
`
`S
`
`5420
`
`5430
`
`m Contract maturity
`
`management
`
`5450
`
`W 5490
`
`5460
`
`T
`
`5470
`
`MULTILAT
`
`
`OBLIG NET
`
`5480
`
`FiO. 26
`
`55 1 0
`
`PAYACC
`
`SHADOW
`
`5520
`
`n
`
`5 53 0
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 28 of 101
`
`5,970,479
`
`5700
`
`START
`
`5770
`
`Determine which
`
`file to process
`
`Ea
`
`5710
`
`W
`
`5780
`
`
`confirmed contracts
`
`YES
`
`m
`
`5720
`
`SORD CON1T
`
`processing 5730
`
`Confirmed contract
`
`5760
`
`5610
`
`5740
`
`DSORD CON
`
`5750
`
`Fig 27
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 29 of 101
`
`5,970,479
`
`SYSTEM
`
`OWNER/OPERATOR
`
`M
`SPONSORSElli] 5870
`
`5830
`
`5840
`
`5850
`
`5860
`
`ORDERING
`PARTIES
`
`mmms
`
`APPLICATION
`PROMOTERS
`
`PRODUCT
`
`5800
`
`5810
`
`m compilation and
`
`distribution
`
`Information
`
`5820
`
`COUNTERPARTY
`
`GUARANTORS
`
`REGULATORS—-_|
`
` ENTITLEMENT
`
`
`
`TRANSFER
`
`ENTITIES
`
`
`5880
`
`5890
`
`5900
`
`MISCELLANEOUS
`
`OTHER STAKEHOLDERSJ
`
`6000
`
`Fig. 28
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 30 of 101
`
`5,970,479
`
`6200
`
`
`'End-of—day
`order processing
`?
`
` 6210
`
` product orders
`
`
`
`Information
`extraction from
`
`
`Fig. 29
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 31 of 101
`
`5,970,479
`
`6400
`
`
`Contract
`revaluation required
`
` 6420
`
`
`
`Contract valuation
`
`Fig. 30
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 32 of 101
`
`5,970,479
`
`6700
`
`START
`
`6710
`
`
`
`
`‘ollat obligation
`netting update required
`7
`
`
`
`
`67 20
`
`6 7 6 0
`
`6750
`
`Contract
`
`payments
`
`
`m collateralisation m
`
`6730
`
`6770
`
`PAYACC
`
`SHADOW
`
`Fig. 31
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 33 of 101
`
`5,970,479
`
`7000
`
`7010
`
`Fee determination
`
`determination required
`
`PAYACC
`
`.
`
`SHADOW
`
`and payments
`
`7050
`
`
`
`7030
`
`7060
`
`Fig. 32
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 34 of 101
`
`5,970,479
`
`7300
`
`START
`
`
` ilat obligations
`
`YES
`
`netting update required
`7
`
`
`7320
`
`7330
`
`Bilateral obligations
`
`BILAT OBLI
`
`netting
`
`-a 7340
`
`PAYACC
`
`SHADOWl\'
`
`7350
`
`Fig. 33
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 35 of 101
`
`5,970,479
`
`ill
`
`
`7620
`
`7630
`
`Mul'tllateral .
`obhgauons nettmg
`
`MULTILAT
`
`OBLIG NET
`
`7640
`
`PAYACC /
`
`SHADOW
`
`7650
`
`Fig. 34
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 36 of 101
`
`5,970,479
`
`7800
`
`
`
`7810
`
`: ilat payments
`
`
`
`netting update required
`
`
`7
`
`
`
`PAYAC C
`
`SHADOW
`
`7830
`
`BILAT PYMT
`
`NET
`
`7840
`
`netting
`
`Bilateral payments
`
`
`
`Fig. 35
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 37 of 101
`
`5,970,479
`
`8000
`
`START
`
`.
`
`
`
`8010
`
`Multilat
`
`ayments netting update
`required
`
`1’)
`
`8060
`
`
`
`Multilateral
`payments netting
`
`8070
`
`8080
`
`PAYACC
`SHADOW
`
`m
`
`8040
`
`Fig. 36
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 38 of 101
`
`5,970,479
`
`8500
`
`START
`
`8510
`
`End of day
`
`
`
`payacc final entries
`
`
`7
`
`
`YES
`
`8570
`
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`
`PAYACC
`
`8580
`
`8600
`
`8520
`
`PAYACC
`SHADOW
`
`,
`
`8530
`
`PAYACC
`
`FINAL
`
`8560
`
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`
`Data transmission to
`
`applicable C/ETEs
`
`Consideration]
`.
`Entitlement
`
`8610
`
`8620
`
`Fig. 37
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 39 of 101
`
`5,970,479
`
`8800
`
`START
`
`8810
`
`Non-Contract APP
`
`related obligation transfers
`
`
`
`
`required
`?
`
`m
`8820
`
`NCAROT
`TRANS
`
`8830
`
`8870
`
`YES
`
`8840
`
`Non-CONTRACT APP
`related obligation
`
`transfers management
`
`PAYACC
`
`- mow
`8850
`
`8860
`
`m
`
`8880
`
`Fig. 38
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 40 of 101
`
`5,970,479
`
`8950
`
`
`
`
`Specialist
`
`system shared access
`
`
`8960
`
`required
`
`000
`
`? 9
`
`M access transactions
`
`processing
`
`Specialist system shared
`
`9010
`
`8990
`
`Fig. 39
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 41 of 101
`
`5,970,479
`
`9200
`
`START
`
`
`
`
`
`’alue
`9210 . ded services shared acces
`
`
`
`required
`I")
`
`YES
`
`Value added services
`
`
`
`transaction processing
`
`9220
`
`9230
`
`9240
`
`Fig. 40
`
`SnubucksCoqx Exhflflt1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 42 of 101
`
`5,970,479
`
`FIG. 41
`
`APPLICATION SPECIFICATION
`
`
`
`Application ID:
`
`
`
`Preferred/preferential dealing?
`Application Promoter:
`Demdata Inc
`
`
`
`Pre or Post Tax Matching?
`Primary Application Use:
`Detect liability management
`
`
`
`Feasible Counterparly No's:
`Single counterparty
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`Minimize consideration
`Partial Matches possible?
`payment under an EV/CE
`
`
`
`Settlement
`terms:
`
`regime
`
`
`- considerations
`
`- entitlements
`
` Contract Revaluation Frequency:
`Manual Approvals possible?
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`Public/private use?:
`Acceptable comms mediums:
`Retail/Wholesale Use:
`
`Pricing and Matching
`Process:
`
`Public
`Computer
`Wholesale
`
`to computer
`
`Tax deduction/subsidy at source?
`
`Degree of Trading transparency:
`Secondary trading allowed?
`Derivative trading allowed?
`Deferred Order Submissions possible?
`
`Ordering Parties allowed negative
`contract payoffs?
`Application Access Limitations:
`
`No
`Nil
`
`Ordering Party consideration credit?
`Collateralisation Payments?
`- Counterparties
`— Ordering Parties
`
`Bilateral Obligations Netting?
`Bilateral Payments Netting?'
`Multilateral Obligations Netting?
`Multilateral Payments Netting?
`
`Collateralisation Details lit applicable)
`
`Netting Details (if applicable
`
`Trustee:
`Not Applicable
`Applicable Discount Rate:
`Not Applicable
`Not Applicable
`Obligation Netting trigger:
`
`Min required settlements:
`Not Applicable
`
`
`
`
`
`
`
`~—Unprotected
`-—Ord: Party-guarantor protected
`—-Non-Partic1pating Basis:
`
`
`
`--Unprotected
`
`Ordering Party Consideration-Credit Options
`
`Counterparty provided?
`
`—-Participating BaSlS:
`
`-»Ord. Party-guarantor protected
`
`
`
`Ordering Party Guarantor provided?
`
`--Participating Basis:
`--Non-Participating Basis:
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 43 of 101
`
`5,970,479
`
`FIG. 41 CONT.
`
`AS AT
`
`82.02.10 17.00 00.00
`
`
`
`1200-1250
`Unavailable
`
`Pretax
`
`Application Access Limitations
`
`
`
`Contract Ordering Parties:
`
`
`Nil
`Not Applicable
`
`
`
`Nil
`
`No
`
`No
`
`Yes
`
`
`Yes
` Contract Counterparties:
`
`Nil
`
`
`
`Immediate
`
`Immediate
`
`No
`
`No
`
`
`Counterparty Guarantors:
`
`
`Nil
` No
`
`
`No
`
`No
`
`No
`
`No
`
`
`No
`
`Consideration Credit Details
`
`
`_ Valuation Details
`- Applicable Discount Rate:
`
`
` Key:
`Counterparty:
`
`1 Interest Ratel% pie.
`-Participating
`2 Participation ratel%l
`—Non.Participating
`
`
` Order Party—quarantor
`
`1.1nterest Hate(% p.al
`
`
`
`
`
`
`
`10% p.a.
`
`Ordering Party Guarantor:
`Not Applicable
`
`
`
`
`-Participating
`
`ANon-Participating
`
`2 Participation rate(%l
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 44 of 101
`
`5,970,479
`
`FIG. 42
`
`PRODUCT SPECIFICATION
`
`P R 0 D U C T
`
`I D :
`
`1210
`
`Product Summary
`Application ID:
`
`100
`
`Product Specification
`
`Product Sponsor:
`
`Market:
`
`Factory Output Quality Indices
`
`Sub-market:
`
`54—bit Microprocessor Fault Tolerance Index
`
`Market
`
`type:
`
`Spot
`
`Establishment date/time:
`
`95.02 10 17 00.00 00
`
`Maturity date/time:
`
`95.02.10.17,00.00.00
`
`PFDdUCt(if applicl
`
`Minimum Product Definition Value:
`
`.
`
`Maximum Product Definition Value:
`
`Product Details
`
`Conditional Payoff Dimensions ID:
`Market Phenomena Class Identifier:
`
`One
`Fault Tolerance Index
`
`Actual/Perceived Market Identifier:
`Specific Phenomenon:
`
`--
`Elemental/compound sub—market Identifier
`Future Period Date/time Identifier:
`At Contract Maturity date/time
`Minimum Product Definition Value:
`0
`Product Establishment Date/time:
`92.02.10.17.00.00.00
`
`Sub-market Phenomenon Class Identifier:
`Event Type Identifier:
`Maximum Product Definition Value:
`Product Maturity Date/time:
`
`Currency type denomination of
`Money
`Consideration denomination of Product:
`Entitlement denom. of Product:
`Exclusive Production Warrants (XPW'sl
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 45 of 101
`
`5,970,479
`
`FIG. 42 CONT.
`
`AS AT
`
`32.02 10.17 00.00.00
`
`Demdata Inc
`
`Consideration denom.type:
`
`Money
`
`Entitlement denom.
`
`type : Exclusive Production WarrantlePW's)
`
`Currency type (if applic.)
`
`:
`
`Com Bnk Dep.
`
`National currency type (if applic.l:
`
`Product Step Value:
`
`
`
`Actual
`
`Elemental/compound
`
`Dept of Detense Reject Summaries
`
`Market Identifier Single Market
`
`Spot Value
`
`100
`95.02.10117.00.00.00
`
`Product Step Value:
`
`Com Bnk Dep.
`
`National currency type denomination
`of Product lit applic l
`
`AUD
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 46 of 101
`
`5,970,479
`
`FIG. 43
`
`PRIMARY ORDER SPECIFICATION
`
`Ordering Party:
`Don reference:
`
`Denisons
`5035263
`
`Application ID:
`
`ASAT:
`
`100
`
`Product :
`
`(ID:
`
`Market
`Factory Output Quality lndices
`Sub—Market
`648.H.F.T.Index
`Market Type
`Estabdate/time
`52.02.io,17.oo.oo.oo
`Maturity date/time
`95.02.10 17 00.00.00
`
`Application Promoter
`Product Sponsor
`Counterparty-guarantor
`Begum”
`
`Spot
`
`Demdata Inc
`Demdata Inc
`
`08‘” ”f 09‘9““
`
`
`
`
`
`_——-—
`
`X Range Value
`unm-
`Alpha (X1
`
`
`
`-__—-
`Alpha (Xl
`
`
`
`
`
`ORDER SUPPORT DETAILS
`
`Communications medium:
`Computer-to-computer
`
`No
`Consideration Credit sought?
`Desired Form of Consideration Credittit appl.)
`
`Not Applicable
`
`No
`Counterparty Collateralisation payments required?
`Preparedness to make ‘own' collateralisation payments(if applicable)?
`Applicable Marginal
`lax ratetif applicable)?
`vtonstderation:
`-Entitlements:
`
`Not Applicable
`Not Applicable
`
`Not Applicable
`
`
`
`
`
`
`
`
`
`
`
`Netting System Participation?
`
`
`»Bilateral Obligations netting7(it applic.)
`>Bilateral Payments netting?lit applic.)
`7Hultilateral Obligations netting7lif applic.)
`
`-Multilateral Payments netting?tif applic )
`
`
`No
`No
`No
`
`Starbucks Corp. Exhibit 1039
`
`Starbucks Corp. Exhibit 1039
`
`
`
`US. Patent
`
`Oct. 19,1999
`
`Sheet 47 of 101
`
`5,970,479
`
`FIG. 43 CONT.
`
`33.07.01.14.25.30100
`
`Consideration!
`Entitlement
`Denomination
`
`Consideration
`
`Entitlement
`
`Consideration type
`
`Entitlement
`
`type
`
`Honey
`
`XPW's
`
`Honey
`
`N.A.
`
`N,A.
`
`XPW‘s
`
`Currency typetit applic.)
`
`Com Bnk Dep
`
`Com Bnk Dep
`
`Com Bnk Dep
`
`National Curr.typetit applic )
`Max.Consid Amount
`
`AUD
`N.A.
`
`AUD
`32.000
`
`,
`
`AUD
`As below
`
`Pricing and Matching Process
`
`Minimize consideration payment under an EVICE regime
`
`SPECIAL
`
`DEAL TYPE: Not Applicable
`
`Not Applicable
`
`Partial Matches desired?
`Manual Approval of Matches desired?
`Desired degree of
`trading transparency
`(if applicable)
`
`No
`No
`
`Unacceptable Counterparties and
`Other Stakeholders
`
`Not Applicable
`
`Not Applicable
`
`Applicable Consid./Entitlement Transfer Entity
`Account details:
`ABC Banking Corp
`
`Operating A/c 1-1-502026—617834—1(and a
`Desired date/time of Order Submission:
`
`Immediate
`
`Desired Order retention perid:
`Desired Max.lime for counterpa