Networked method and system for creating and settling financial instruments

摘要

A financial instrument is provided that enables investors to invest in depositary receipts based on underlying non-domestic shares of a foreign business entity through a domestic stock exchange even though the underlying non-domestic shares are traded only on a stock exchange with a settlement day that has no substantial temporal overlap with the investor's domestic stock exchange's settlement day. In accordance with at least one embodiment of the invention, an international trading transaction structure and corresponding methodology is provided that enables investment in such financial instruments while guarding against currency market fluctuations during the trade period prior to settlement.