CURRENCY PRICING AND SETILEMENT

摘要

A computerized system including a first processor to determine a difference between an actual settlement and a respective expected settlement for each of a plurality of client transactions, each client transaction having an expected settlement in a first currency and a transaction price in a second currency under which the transaction is performed, the transaction price being determined from the expected settlement using a respective time-limited guaranteed exchange rate between the first and second currencies, and each actual settlement in the first currency being determined from the transaction price using a third party exchange rate, such that for each client transaction any difference between an actual settlement and a respective expected settlement is at least in part due to a difference between the time-limited guaranteed exchange rate and the third party exchange rate; and a second processor to adjust, for each client transaction, a respective client account balance according to said difference.

主权项

1. A computerised system comprising:
a processor configured to:
format one or more data packets to include a time-limited guaranteed exchange rate between a first currency and a second currency for a purchase transaction;provide the one or more data packets to a client system;receive, from the client system, a client transaction report, which includes a transaction identifier and information indicating a transaction price in the second currency for performing the purchase transaction;receive, from the client system, a settlement advice, which includes the transaction identifier and information indicating an actual settlement value for the purchase transaction in the first currency, the actual settlement value being based on the transaction price and a third party exchange rate between the first currency and the second currency used to actually perform the purchase transaction;match, using the transaction identifier, the client transaction report to the settlement advice;determine, based on the match, a difference between the actual settlement value and an expected settlement value for the purchase transaction in the first currency, wherein the expected settlement value is based on the transaction price and the time-limited guaranteed exchange rate, such that any difference between the actual settlement value and the expected settlement value is at least in part due to a difference between the time-limited guaranteed exchange rate and the third party exchange rate; andadjust a client account balance based on the difference between the actual settlement value and the expected settlement value.