METHOD AND SYSTEM FOR FACILITATING A CROSS-CURRENCY TRANSACTION

摘要

A method and a system for facilitating a transaction between a first party and a second party, the first party operating in a first currency, the second party operating in a second currency different from the first currency are provided. The method includes receiving, at a host computer system, transaction information, the transaction information comprising at least a transaction amount in an agreed settlement unit and a first date. The agreed settlement unit is the first currency, the second currency, an intermediate currency or an intermediate settlement unit. The method further has a step of receiving at least one agreed settlement unit exchange rate at the first date; and computing a settlement amount in the agreed settlement unit based on a plurality of transaction parameters and an apportionment method.

主权项

1. A method for facilitating a transaction between a first party and a second party, the first party operating in a first currency, the second party operating in a second currency different from the first currency, the method comprising:
receiving, at a host computer system, transaction information, the transaction information comprising at least a transaction amount in an agreed settlement unit and a first date, the agreed settlement unit being selected from a group consisting of the first currency, the second currency, an intermediate currency and an intermediate settlement unit; receiving, at the host computer system, from at least one provider at least one agreed settlement unit exchange rate at the first date; and computing, on the host computer system, a settlement amount in the agreed settlement unit based on:
a plurality of transaction parameters, the transaction parameters comprising the transaction information, the exchange rate between the agreed settlement unit and the first and/or second currency at the first date, a fluctuation of the exchange rate between the agreed settlement unit and the first and/or second currency between the first date and a second date, andan apportionment method, the apportionment method being pre-determined to allocate to each party a share of a difference in the transaction amount between the first date and the second date resulting from the fluctuation of the exchange rate.