A METHOD OF OPERATING A COMPUTERIZED FORFAITING EXCHANGE TO DEVELOP FORFAITING TRANSACTIONS FOR SETTLEMENT AND A COMPUTERIZED FORFAITING EXCHANGE

摘要

The invention is a method of operating a computerised forfaiting exchange to develop forfaiting transactions (as defined) for settlement, comprising the following steps: Providing a web site accessible via the Internet to sellers and buyers using computers. Providing a counter party selection document on request to a seller or buyer to view at the web site, where the document contains a list of classes of counter parties together with counter party selection entry facilities. Permitting a seller to identify classes of buyers with whom they will, or will not, develop a forfaiting transaction, by entering selections on the counter