Apparatus and method of a distributed capital system

Abstract

A method of conducting a financial transaction over a computerized network instituting a financial transaction as a currency exchange from a first currency to a second currency; and matching said first currency from at least one party, with said second currency from at least one counterparty.

What is claimed is: 
     
         1 . A method of conducting a financial transaction over a computerized network, comprising:
 instituting a financial transaction as a currency exchange from a first currency to a second currency; and   matching said first currency from at least one party, with said second currency from at least one counterparty.   
     
     
         2 . The method according to  claim 1 , wherein said matching step further comprises:
 implementing movement of funds from said second currency into said first currency.   
     
     
         3 . The method according to  claim 2 , wherein successive matches with additional counterparties are conducted until said financial transaction is completed. 
     
     
         4 . The method according to  claim 2 , further comprising:
 receiving instructions to perform said financial transaction, at least one of a predetermined currency rate, a predetermined time, an event trigger, and a predetermined program requirement.   
     
     
         5 . The method according to  claim 4 , wherein prior to said predetermined currency rate, said predetermined time, said event trigger, and said predetermined program requirement, said funds are automatically invested in short-term investments. 
     
     
         6 . The method according to  claim 5 , wherein a type of said short-term investments is optimized by providing a maximum return for a required system liquidity level. 
     
     
         7 . The method according to  claim 5 , wherein profits from short-term investments are placed in a financial system-owned account. 
     
     
         8 . The method according to  claim 7 , wherein the user can vote for allocation of said system-owned profits. 
     
     
         9 . The method according to  claim 6 , further comprising:
 borrowing capital from available financial channels when said system liquidity level is below a predetermined amount.   
     
     
         10 . The method according to  claim 4 , wherein a credit rating is developed from a pattern of user usage. 
     
     
         11 . The method according to  claim 7 , wherein system profits are used in a credit scheme. 
     
     
         12 . A computer-readable medium whose contents cause a computer system to perform financial transactions over a network, the computer system having a program which performs the steps of:
 instituting a financial transaction as a currency exchange from a first currency to a second currency; and   matching said first currency from at least one party, with said second currency from at least one counterparty.   
     
     
         13 . A computer system adapted to perform financial services over a network comprising:
 at least one memory including a program having instructions adapted to enable the computer system to perform the steps of:
 instituting a financial transaction as a currency exchange from a first currency to a second currency; and 
 matching said first currency from at least one party, with said second currency from at least one counterparty; and 
   at least one processor which runs said program.