JP2004013543A5

JP2004013543A5 -

Info

Publication number: JP2004013543A5
Application number: JP2002166369A
Authority: JP
Filing date: 2002-06-06
Publication date: 2004-12-16
Anticipated expiration: 2022-06-06

Description

【００１１】
【課題を解決するための手段】
これらの課題を解決する第１の発明は、金融取引において条件付注文を管理するためのシステムであって、前記条件付注文を発注する取引者が操作する取引者端末から、前記条件付注文に関する情報を受付ける注文受付手段と、前記条件付注文に関する情報から前記条件付注文が約定した場合の取引金額を算出し、前記取引金額から前記条件付注文を受付けるために必要な必要与信額を算出する必要与信額算出手段と、注文の受付けが可能な限度額として注文を発注する各々の取引者について設定される与信限度額を算出するために必要な情報を記録した与信限度額記録手段と、前記必要与信額算出手段が算出した必要与信額と、前記与信限度額記録手段に記録された情報から算出された前記条件付注文を発注する取引者にかかる与信限度額を対比して、前記条件付注文の受付けの可否を判定する注文受付判定手段と、を備えることを特徴とする条件付注文管理システムである。前記与信限度額記録手段には、前記取引者各々について設定された与信額の上限である与信極度額及び前記取引者各々の未決済明細についての取引残高が記録されていて、前記注文受付判定手段において用いられる与信限度額には、前記与信極度額と前記取引残高から算出された額が用いられることを特徴とすることもできる。[0011]
[Means for Solving the Problems]
A first invention for solving these problems is a system for managing conditional orders in a financial transaction, which relates to the conditional orders from a trader terminal operated by a trader who places the conditional orders. The transaction amount when the conditional order is contracted is calculated from the order acceptance means for accepting information and the information on the conditional order, and the necessary credit amount necessary for accepting the conditional order is calculated from the transaction amount. requires a credit amount calculating means, and the credit limit recording means which records the information necessary for calculating the credit limit that is set for each of the trader to order ordered as capable limit acceptance of order, the The credit limit for the transactor who places the conditional order calculated from the required credit amount calculated by the required credit amount calculation means and the information recorded in the credit limit amount recording means In contrast, a conditional order management system characterized in that it and a order reception determining unit that determines whether the reception of orders the conditional. In the credit limit recording means, the credit limit which is the upper limit of the credit amount set for each of the traders and the transaction balance for the unsettled details of each of the traders are recorded, and the order acceptance judging means The credit limit value used in (1) may be characterized in that an amount calculated from the credit limit amount and the transaction balance is used .

【００１５】
また、第一の発明は、前記注文受付判定手段が前記条件付注文の受付けを可と判定すると、前記与信限度額記録手段には前記必要与信額から算出した使用不可額が記録され、前記注文受付判定手段において用いられる与信限度額には、前記条件付注文の取引者にかかる与信限度額から前記使用不可額を減じた額が用いられることを特徴とすることもできる。前記条件付注文が約定すると、前記与信限度記録手段に記録された前記条件付注文に関する使用不可額を削除し、前記与信限度額記録手段に記録された前記取引者にかかる取引残高に、前記条件付注文に関する取引金額を加算して取引残高を更新する取引残高更新手段を備えることを特徴としてもよい。[0015]
Also, in the first invention, when the order acceptance determination means determines that the acceptance of the conditional order is acceptable, the credit limit recording means records the unusable amount calculated from the required credit amount, and the order The credit limit amount used in the acceptance determination means may be characterized in that an amount obtained by subtracting the unusable amount from the credit limit amount of the conditional order trader is used . When the conditional order is filled, the unusable amount related to the conditional order recorded in the credit limit recording means is deleted, and the condition for the transaction balance concerning the trader recorded in the credit limit recording means is the condition A transaction balance updating unit may be provided to update the transaction balance by adding the transaction amount relating to the attached order .

【００１８】
さらに、第一の発明は、前記必要与信額の算出において、条件付注文の取引種別に応じて前記取引金額に乗じるリスク率を記録したリスク率記録手段を備えていて、前記必要与信額算出手段は、前記条件付注文の取引種別に対応するリスク率を前記リスク率記録手段から取得して、前記取引金額に前記リスク率を乗じて必要与信額を算出することを特徴とすることもできる。前記リスク率記録手段に記録されたリスク率は、条件付注文にかかる取引の受渡期限に応じて設定されていることを特徴としてもよい。前記リスク率は、市場レートの変動率を反映して設定されていることを特徴としてもよい。[0018]
Furthermore, the first invention comprises a risk rate recording means for recording a risk rate to be multiplied by the transaction amount according to the transaction type of the conditional order in the calculation of the required credit amount, and the required credit amount calculating means The risk rate corresponding to the transaction type of the conditional order may be acquired from the risk rate recording means, and the required credit amount may be calculated by multiplying the transaction amount by the risk rate . The risk rate recorded in the risk rate recording means may be set according to the delivery deadline of the transaction relating to the conditional order . The risk rate may be set by reflecting the rate of change of the market rate.

【００２３】
さらに、第一の発明は、通常注文と条件付注文のいずれの注文に優先して与信枠を割当てるかを設定することができる優先注文設定手段と、通常注文を受付けると、前記通常注文にかかる取引金額と前記与信限度額記録手段に記録された情報から算出された前記通常注文を発注する取引者にかかる与信限度額を対比して、前記通常注文の受付けの可否を判定する第二の注文受付判定手段と、を備えており、前記第二の注文受付判定手段は、前記優先注文設定手段において通常注文が優先すると設定されている場合には、前記取引残高から与信限度額を算出し、前記優先注文設定手段において条件付注文が優先すると設定されている場合には、前記取引残高及び前記使用不可額から与信限度額を算出して、前記通常注文の受付けの可否を判定することを特徴とすることもできる。前記優先注文設定手段に通常注文が優先すると設定されている場合に通常注文を受付け、前記通常注文を執行して取引残高が増加すると、前記取引残高が前記与信限度額を超えることとなった額に対応して前記使用不可額の少なくとも一部を解除する使用不可額解除手段を備えていて、前記使用不可額解除手段により解除された使用不可額に対応する条件付注文について、前記条件付注文の条件が成就しても執行を留保することを特徴としてもよい。[0023]
Furthermore, according to the first invention, the priority order setting means capable of setting which of the normal order and the conditional order is to be assigned the credit line prior to the normal order and when the normal order is received, the normal order is applied. A second order for judging whether or not to accept the regular order by comparing the transaction amount and the credit limit applied to the trader who placed the regular order calculated from the information recorded in the credit limit recording means The second order acceptance determination means calculates a credit limit from the transaction balance, when it is set that the priority order setting means prioritizes the normal order in the priority order setting means. When it is set in the priority order setting means that a conditional order is prioritized, a credit limit is calculated from the transaction balance and the unusable amount, and it is judged whether or not the regular order can be accepted. It may also be characterized in that. Accepting a normal order when the priority order setting means is set to prioritize the normal order, and executing the normal order to increase the transaction balance, the amount by which the transaction balance exceeds the credit limit The conditional order for the conditional order corresponding to the unusable amount canceled by the unusable amount canceling means, provided with the unusable amount canceling means for canceling at least a part of the unusable amount corresponding to It may be characterized in that execution is reserved even if the condition of

【００２６】
前記与信限度額記録手段に記録された前記使用不可額にはそれぞれ対応する取引について優先取引順位が記録されており、前記注文受付判定手段は前記与信額として取引者が発注した注文に設定された優先取引順位より優先取引順位が上位の取引についての使用不可額を参照して取引の可否を判定することを特徴とすることもできる。[0026]
In the unusable amount recorded in the credit limit recording means, a priority transaction order is recorded for each corresponding transaction, and the order acceptance judging means is set in the order placed by the trader as the credit amount Preferred Deals Preferred Deals level than ranking may also be characterized to determine whether the transaction with reference to the disabled amount for transactions higher.

【００２８】
これらの課題を解決する第２の発明は、金融取引において条件付注文を管理するためのシステムであって、前記条件付注文を発注する取引者が操作する取引者端末から、前記条件付注文に関する情報を受付ける注文受付手段と、前記条件付注文に関する情報を記録する条件付注文記録手段と、条件付注文を発注する取引者各々について設定された与信限度額を算出するために必要な情報を記録する与信限度額記録手段と、前記条件付注文記録手段に記録された条件付注文の執行条件が成就すると、前記条件付注文が約定した場合に発生する与信発生額を算出する与信発生額算出手段と、前記与信発生額を、前記条件付注文を発注した取引者について前記与信限度額記録手段に記録された情報から算出した与信限度額と対比して、前記条件付注文の執行の可否を判定する注文執行判定手段と、を備えることを特徴とする条件付注文管理システムである。前記与信限度額記録手段には、前記取引者各々について設定された与信額の上限である与信極度額及び前記取引者各々の未決済明細についての取引残高が記録されていて、前記注文執行判定手段において用いられる与信限度額には、前記与信極度額と前記取引残高から算出された額が用いられることを特徴とすることもできる。[0028]
A second invention for solving these problems is a system for managing conditional orders in a financial transaction, which relates to the conditional orders from a trader terminal operated by a trader who places the conditional orders. Information necessary for calculating the credit limit set for each of the traders who place the conditional order recording means, the conditional order recording means recording the information regarding the conditional order receiving means for receiving information, and the conditional order recording means Credit limit recording means, and credit generation amount calculation means for calculating the amount of generated credit when the conditional order is contracted when the execution condition of the conditional order recorded in the conditional order recording means is fulfilled And the above-mentioned conditional note in comparison with the credit limit calculated from the information recorded in the credit limit recording means for the transactor who has ordered the conditional order, and the credit occurrence amount. And order execution determining means for determining whether the execution of a order management system conditional, characterized in that it comprises a. In the credit limit recording means, the credit limit which is the upper limit of the credit amount set for each of the traders and the transaction balance for the unsettled details of each of the traders are recorded, and the order execution judgment means The credit limit value used in (1) may be characterized in that an amount calculated from the credit limit amount and the transaction balance is used .

【００３１】
また、第２の発明は、前記与信発生額の算出において、条件付注文の取引種別に応じて前記取引金額に乗じるリスク率を記録したリスク率記録手段を備えていて、前記与信発生額算出手段は、前記条件付注文の取引種別に対応するリスク率を前記リスク率記録手段から取得して、前記条件付注文が約定した場合の取引金額に前記リスク率を乗じて与信発生額を算出することを特徴とすることもできる。前記リスク率記録手段に記録されたリスク率は、条件付注文にかかる取引の受渡期限に応じて設定されていることを特徴としてもよい。前記リスク率は、市場レートの変動率を反映して設定されていることを特徴としてもよい。[0031]
The second invention comprises a risk rate recording means for recording a risk rate to be multiplied by the transaction amount in accordance with the transaction type of the conditional order in calculating the credit occurrence amount , and the credit occurrence amount calculating means The risk rate corresponding to the transaction type of the conditional order is acquired from the risk rate recording means, and the transaction rate when the conditional order is contracted is multiplied by the risk rate to calculate the credit generation amount. Can also be characterized. The risk rate recorded in the risk rate recording means may be set according to the delivery deadline of the transaction relating to the conditional order. The risk rate may be set by reflecting the rate of change of the market rate.

Claims

A system for managing conditional orders in financial transactions, comprising:
Order receiving means for receiving information on the conditional order from a trader terminal operated by a trader who places the conditional order;
Required credit amount calculation means for calculating the transaction amount when the conditional order is contracted from the information on the conditional order, and calculating the necessary credit amount necessary to receive the conditional order from the transaction amount ;
Credit limit recording means for recording information necessary for calculating the credit limit set for each trader who places an order as a limit that can receive the order ;
The condition is defined by comparing the required credit amount calculated by the required credit amount calculation means with the credit limit amount applied to the trader ordering the conditional order calculated from the information recorded in the credit limit amount recording means. An order acceptance determination unit that determines whether to accept an attached order;
A conditional order management system comprising:

The credit limit recording means records a credit upper limit, which is a credit limit set for each of the transactors, and a transaction balance for unsettled details of each of the transactors.
The conditional order management system according to claim 1 , wherein the credit limit amount used in the order acceptance determination means is an amount calculated from the credit limit amount and the transaction balance .

When the order acceptance determination means determines that the conditional order is acceptable, the credit limit recording means records the unusable amount calculated from the required credit amount.
The credit limit amount used in the order acceptance determination means is an amount obtained by subtracting the unusable amount from the credit limit amount of the conditional order trader. Conditional order management system as described.

When the conditional order is filled, the unusable amount related to the conditional order recorded in the credit limit recording means is deleted, and the condition for the transaction balance concerning the trader recorded in the credit limit recording means is the condition The conditional order management system according to claim 3, further comprising: a transaction balance update unit that updates a transaction balance by adding a transaction amount relating to an attached order.

There is provided a risk rate recording means for recording a risk rate to be multiplied by the transaction amount according to the transaction type of the conditional order in the calculation of the required credit amount,
The required credit amount calculation means obtains a risk rate corresponding to the transaction type of the conditional order from the risk rate recording means, and calculates the required credit amount by multiplying the transaction amount by the risk rate The conditional order management system according to any one of claims 1 to 4, characterized by:

The conditional order management system according to claim 5, wherein the risk rate recorded in the risk rate recording means is set according to a delivery deadline of a transaction related to the conditional order.

7. The conditional order management system according to claim 5, wherein the risk rate is set reflecting the rate of change of market rates.

The conditional order management system according to any one of claims 1 to 7, wherein the credit limit recording means sets a credit limit separately from the normal order for the conditional order.

Priority order setting means capable of setting which of a normal order and a conditional order should be assigned a credit limit prior to the order setting;
When a regular order is accepted, the regular order is compared with the credit limit for the trader who places the regular order calculated from the transaction amount for the regular order and the information recorded in the credit limit recording means. And second order acceptance determination means for determining whether to accept or not
The second order reception determination means, wherein when the normal order in the priority order setting means is set when the priority is the calculates the credit limit of the transaction balances, order conditional in the priority order setting means If it is set that priority is given, a credit limit is calculated from the transaction balance and the unusable amount to determine whether or not to accept the normal order. 7. A conditional order management system according to any of the preceding claims.

Accepting a normal order when the priority order setting means is set to prioritize the normal order, and executing the normal order to increase the transaction balance, the amount by which the transaction balance exceeds the credit limit And an unusable amount canceling means for canceling at least a part of the unusable amount in response to
The conditional order corresponding to the unusable amount canceled by the unusable amount canceling means is retained for execution even if the condition of the conditional order is fulfilled . Conditional order management system.

In the unusable amount recorded in the credit limit recording means, a priority transaction order is recorded for each corresponding transaction,
The order reception determining means and said determining whether the transaction with reference to the disabled amount of trader preferred deal level than the priority transaction order set in order that orders higher transaction as the credit amount The conditional order management system according to any one of claims 3 to 10.

A system for managing conditional orders in financial transactions, comprising:
Order receiving means for receiving information on the conditional order from a trader terminal operated by a trader who places the conditional order;
Conditional order recording means for recording information regarding the conditional order;
Credit limit recording means for recording information necessary for calculating the credit limit set for each of the traders who place a conditional order;
Credit generation amount calculation means for calculating the credit generation amount generated when the conditional order is filled when the execution condition of the conditional order recorded in the conditional order recording means is fulfilled;
An order for determining whether to execute the conditional order by comparing the credit generation amount with the credit limit calculated from the information recorded in the credit limit recording means for the trader who has ordered the conditional order Execution judgment means,
A conditional order management system comprising:

The credit limit recording means records a credit upper limit, which is a credit limit set for each of the transactors, and a transaction balance for unsettled details of each of the transactors.
The conditional order management system according to claim 12 , wherein the credit limit value used in the order execution determination means is an amount calculated from the credit limit amount and the transaction balance .

There is provided a risk rate recording means for recording a risk rate to be multiplied by the transaction amount in accordance with the transaction type of the conditional order in the calculation of the credit occurrence amount,
The credit generation amount calculating means acquires a risk rate corresponding to the transaction type of the conditional order from the risk rate recording means, and multiplies the transaction rate when the conditional order is contracted by the risk rate to obtain a credit. Calculate the amount of accrual
The conditional order management system according to claim 13, characterized in that:

The risk rate recorded in the risk rate recording means is set according to the delivery deadline of the transaction related to the conditional order
The conditional order management system according to claim 14, characterized in that:

The risk rate is set to reflect market rate volatility
The conditional order management system according to claim 14 or 15, characterized in that

A method of managing conditional orders for managing conditional orders in a financial transaction, comprising:
The order management system receives information on the conditional order from a trader terminal operated by a trader who places the conditional order;
The order management system calculates a transaction amount when the conditional order is contracted from the information on the conditional order, and calculates a necessary credit amount necessary to receive the conditional order from the transaction amount; ,
The condition from the credit limit recording unit which records the information necessary for the order management system to calculate the credit limit set for each trader who places an order as the limit for accepting the order. Obtaining a credit limit calculated using information on a trader who places an order to place an accompanying order;
The order management system compares the required credit amount and the credit limit amount to determine whether to accept the conditional order;
Have
In the credit limit recording unit, the credit limit which is the upper limit of the credit amount set for each of the transactors and the transaction balance for the unsettled details of each of the transactors are recorded.
As the credit limit acquired in the step of acquiring the credit limit, an amount calculated from the credit limit and the transaction balance is used.
A method of managing conditional orders characterized by: