Abstract: A system and method for managing collateralized term transactions between two counterparties, employed by a third party, utilizing a novel margining process integrating escrow accounts and regularly rebalancing the notional amount of the transaction. The system and method allows far wider applicability to different forms of collateral and allows unfamiliar or lesser credit-worthy counterparties to transact.

Abstract: A financial market analysis system includes a derivatives database which provides for floating frames of reference for data organization and retrieval. The system provides searchable characteristics based on relation to characteristics of the underlying instruments, other options of similar expiry, and between options of different expiry. The database may contain comprehensive data on all relevant securities, including underlying market price data and derivatives of the same class. The system may provide more easily accessible querying options that are based upon the ordinal numbering of relative expiration dates to take advantage of the market's structure. The system may also provide more easily processed queries based on a derivative's proximity to the underlying instrument's market price. For options and instruments with embedded options, the system may order options expiring on the same expiration date by proximity to the at-the-money options.