Abstract: A system and method for initiating and processing banking deposits. In a preferred embodiment, the system is maintained by a financial institution such as a bank and the bank customers access the system through the Internet. A typical bank customer is a corporate treasurer. The system provides a Graphical User Interface that allows the customers to view the bank's current rates for a plurality of currencies and a plurality of time periods. The time periods for the deposits typically range from overnight to several months. Once the customer has found a time period/rate/currency that is acceptable, the customer selects the desired rate on the customer interface and the system automatically generates a deal ticket that is presented to the customer. The customer can then modify the settlement date, the settlement instructions and the amount of the deposit. Once the customer is satisfied with the deal, the customer submits it for trading.
Type:
Grant
Filed:
June 7, 2001
Date of Patent:
July 24, 2007
Assignee:
The Chase Manhattan Bank, N.A.
Inventors:
Anthony Davies, Dave Lally, Coleman Chang, Teri Resca, Eric Hirschhorn, Eileen Moy