Abstract: A method of facilitating trades of mismatch swaps including receiving trade data characterization a plurality of swap trades. Mismatches in at least two of the swap trades are identified and the mismatches are communicated to a plurality of traders. Offsetting mismatches may be identified and communicated to the plurality of traders also. The method may also include receiving offsetting mismatch trade requests from traders and communicating the offsetting mismatch trade requests to a clearinghouse. Identifying the offsetting mismatches may include determining a date gap between standard tenor instruments. And, the method may include determining whether the date gap is within a range of dates selected by a trader. The date gap will likely, in this instance, not be a benchmark tenor.

Abstract: A method of facilitating trades of mismatch swaps including receiving trade data characterization a plurality of swap trades. Mismatches in at least two of the swap trades are identified and the mismatches are communicated to a plurality of traders. Offsetting mismatches may be identified and communicated to the plurality of traders also. The method may also include receiving offsetting mismatch trade requests from traders and communicating the offsetting mismatch trade requests to a clearinghouse. Identifying the offsetting mismatches may include determining a date gap between standard tenor instruments. And, the method may include determining whether the date gap is within a range of dates selected by a trader. The date gap will likely, in this instance, not be a benchmark tenor.