Abstract: Methods and systems consistent with the present invention overcome the shortcomings of existing trading systems by providing an invoiceless trading system that creates incentives for customers to pay suppliers within a predetermined period of time, such as a settlement period. Specifically, the invoiceless trading system enables a customer to obtain a discount on orders placed with suppliers in return for an immediate payment (e.g., within 24 hours) by the customer. The supplier receives payment within the predetermined period of time, and the customer receives additional cash benefits by providing an early payment to the supplier. To communicate with and transfer funds between customers and suppliers, the invoiceless trading system may use an electronic gateway and a settlement bank. In addition to creating an incentive to embrace e-commerce, both customers and suppliers avoid the need to manually process orders and use invoices to complete transactions.

Abstract: A computer implemented method for identifying aberrant behavior of a financial instrument including: retrieving from a source of market data, closing price, volume and number of transactions conducted for the financial instrument in a selected trading session; recording in computer memory, the closing price, volume and number of transactions conducted for the financial instrument in the selected trading session; identifying a plurality of time periods of different sizes, each of said time periods terminating with the trading session of the financial instrument immediately preceding the selected trading session; obtaining and recording the average and standard deviation of the closing price, volume and number of transactions during each of the time periods; determining whether each of the closing price, volume and number of transactions differs from the average of the corresponding component during each of the time periods by a selected number of standard deviations and for each case in which such a difference

Abstract: Methods and systems are provided for processing a financial transaction. A set of conditions is received that define circumstances for execution of the financial transaction. Funds are collected for each of a plurality of partial payments prior to satisfaction of the set of conditions, with at least two of the partial payments being collected from different persons. The collected funds are accumulated for support of the financial transaction until satisfaction or failure of the set of conditions.

Abstract: A computer system for managing, creating, and support of a novel investment instrument, known as a Security Receipt. This receipt provides translation of ownership of plural underlying securities to the holder of the receipt in a seamless and efficient way. The system permits enhanced security creation, and orderly support to facilitate liquidity and market trading of the Security Receipt.

Abstract: An automated loan underwriting system and method automates the logic implemented by a loan underwriter, saving the loan originator time and money. Each lending institution can set up its own decisioning criteria, enabling customers to customize the process in which a proper evaluation, owners and encumbrance report, or title product is selected for a loan application within a given set of characteristics. The system and method allow for the automatic upgrading to another product without involvement of the loan processor, helping to reduce time delays in the loan origination process. The speed and automation allow for more underwriting checks to be applied against each loan.

Abstract: A method and system for collecting, translating, aggregating and presenting charges to a user is described. In a further configuration, a system and method for selecting charges and generating and managing invoices for charging back charges to either internal or external organizations is provided.

Abstract: The Account Receivables System's Remittance Processing Module accepts funds in domestic and foreign currency and translates the funds into the required local currency for reporting purposes. The Remittance Processing Modules automatically generates and also performs exchange gain and loss calculations Auto Draft and Reverse Application functions. The Remittance Processing Module accepts funds electronically, and, under certain conditions, automatically applies and updates a customer's account in the most efficient manner.

Abstract: Methods and associated systems for enterprise-wide issuance of identification cards. A single enterprise server component and a plurality of card issuance machine controller components are distributed over an enterprise network. Each card machine controller component controls one or more devices for the production of identification cards including, for example, embossed and/or digitally encoded information. The single enterprise server component acts as a server to route the card issuance requests to the proper card machine controller component on behalf of client programs at each location used to request the production of an identification card. The enterprise server component further provides enhanced security and encryption to provide requisite security in the exchange of sensitive information in the production of such identification cards.

Abstract: A system and method for dynamically determining a set of relevant rule instances based on a set of context attribute values comprising a directory server, an attribute data store, and a rules engine. The directory server includes rule instances having hierarchical structure. The attribute data store has a hierarchical structure and is configured to provide a set of hierarchically relevant context attribute values optimized from the rule instances, based on the set of context attribute values. The rules engine is configured to provide the set of context attribute values to the attribute data store in accordance with the context from the context provider, and to determine a set of relevant rule instances, based on the hierarchically relevant context attribute values from the attribute data store.

Abstract: An apparatus and process (collectively the “system”) for conducting and managing the primary offering of fixed income securities, specifically, but not exclusively, fixed rate municipal bonds at different prices for like maturities over electronic networks, particularly, but not exclusively, the Internet, is disclosed. A differential commission method for the distribution of primary market fixed income securities, including the steps of: (a) purchasing from an issuer, by an underwriter, at least one fixed income security on the primary market; (b) offering the at least one fixed income security to at least one investor; (c) setting, by a first offerer, a price, including a commission, for the at least one fixed income security; (d) setting, by a subsequent offerer, a different price, including a different commission, for the at least one fixed income security; and (e) purchasing, by the at least one investor, the at least one fixed income security.

Abstract: A system for preparing an administration plan using a computer, includes an inputting function, a risk calculating function, an optimizing function, and an outputting function. The optimizing function prepares the administration plan by optimizing and adjusting distribution between investment levels in investment items and the risk levels for a planning term.

Abstract: A method and system for trading above or below the market. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument, determines an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price, and completes the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.