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- JP2004192624A5 JP2004192624A5 JP2003391857A JP2003391857A JP2004192624A5 JP 2004192624 A5 JP2004192624 A5 JP 2004192624A5 JP 2003391857 A JP2003391857 A JP 2003391857A JP 2003391857 A JP2003391857 A JP 2003391857A JP 2004192624 A5 JP2004192624 A5 JP 2004192624A5
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Description
本発明は、金融商品の取引市場を創設し、顧客の需要をマッチさせるための金融取引サーバに関する。 The present invention is to create a financial commodity trading market, on financial transaction server to match the demand of the customers.
従来の金融取引では、買い手である最終顧客と売り手である最終顧客との間に、銀行や証券会社といった伝統的な仲介者が存在してきた。よって、これらの仲介者を経由して取引を行う最終顧客は、仲介者へ直接的もしくは間接的に支払う委託・仲介手数料の分だけ運用利回りが低下したり、調達コストが割高になったりしている。
そして、銀行や証券会社は、委託・仲介業務に加えて自己取引業務を営んでいる。自己資金で大きな取引益を上げるために、自らを相手方として最終顧客に不利な条件で取引させるとか、自社で提供する取引の参考・提案資料を最終顧客が読んで取引することを前提として、自己資金による取引を事前に済ませるとか、又は金融商品の取引頻度を最終顧客が上げることを狙って参考・提案資料を提供するといった、最終顧客との利益相反の構図が従来より指摘されてきた。
しかしながら、これら伝統的な仲介者に蓄積されている金融取引の知識や情報は、最終顧客が一朝一夕に吸収できるものではない。そのため、仲介者と最終顧客との間の利益相反を解決しながら、仲介者が持つ知識や情報を最終顧客に提供する仕組みが求められている。
In traditional financial transactions, there has been a traditional intermediary, such as a bank or securities company, between an end customer, a buyer, and an end customer, a seller. Therefore, the final customer who transacts through these intermediaries may experience lower investment yields or higher procurement costs due to the commission or brokerage commission paid directly or indirectly to the intermediaries. I have.
Banks and securities firms are engaged in proprietary transactions in addition to commissioning and brokering. In order to generate a large profit on transactions with own funds, it is assumed that the end customer will read the reference / suggestion materials of the transaction provided by the end customer, either by dealing with the end customer against the other party under unfavorable conditions. Background of the Invention Conflicts of interest with end customers have been pointed out, such as providing funds / financial transactions in advance or providing reference / proposal materials with the aim of increasing the frequency of financial product transactions by end customers.
However, the knowledge and information of financial transactions accumulated in these traditional intermediaries is not something that end customers can absorb overnight. Therefore, there is a need for a mechanism that provides knowledge and information possessed by the mediator to the final customer while resolving conflicts of interest between the mediator and the final customer.
一方、証券取引所や金融派生商品の取引所は、売買の対象が人気銘柄や人気商品に片寄っており、流動性が低い債券の売買や複雑な金融派生商品の取引は、銀行や証券会社を相手方とした相対取引が中心になっている。また、流動性が高い株式などの売買においても取引所を通さない案件が増加し、表面化しない相対取引の比重が上がるにつれて、最終顧客にとって重要な市場の透明性が揺らいでいる。既存の証券取引所や金融派生商品の取引所は、基本的に、会員である銀行や証券会社を通さないと最終顧客が売買に参加できない仕組みとなっており、ここでも最終顧客が不利益を被っている。 On the other hand, stock exchanges and financial derivatives exchanges tend to buy and sell on popular stocks and popular products, and buying and selling bonds with low liquidity and trading complex financial derivatives require banks and securities companies. Mainly deals with the other party. In addition, the number of transactions that do not go through exchanges, even when trading highly liquid stocks, has increased, and as the weight of non-surface trading has increased, the market transparency, which is important for end customers, has fluctuated. Existing stock exchanges and derivatives exchanges are basically structured so that end customers cannot participate in trading unless they pass through member banks or securities companies, and here too, end customers are disadvantaged. I'm wearing it.
取引照合や資金決済、証券決済など、取引が成立した後に生じる様々な決済業務や管理業務は、その歴史的な経緯から、金融商品によって又は取引される市場によって使用できるシステムが異なり、これらの統合は難しい。また、決済業務や管理業務は、未だ手作業に頼っている割合も高く、多種多様な金融商品を取引したい最終顧客にとって使い勝手が良いものではない。これは、それぞれのシステムを、銀行や証券会社、取引所、決済機関、ソフトウェア業者や情報ベンダーなどが、それぞれの思惑から任意に開発・提供してきたことの結果である。 Due to its historical background, the various systems that can be used for settlement and management, such as transaction matching, fund settlement, and securities settlement, differ depending on the financial instruments or the markets in which they are traded. Is difficult. In addition, the settlement and management tasks still rely heavily on manual work, which is not convenient for end customers who want to trade a wide variety of financial products. This is the result of banks and securities companies, exchanges, clearing houses, software vendors, information vendors, etc. developing and providing each system arbitrarily based on their respective ideas.
本発明の実施の形態では、１つ以上のコンピュータネットワークを介して金融商品の取引市場を創設し、最終顧客の需要をマッチさせる金融取引サーバ、金融取引プログラム及び金融取引支援方法を提供することを課題とする。
そして本発明の実施の形態では、金融取引における伝統的な仲介者である銀行や証券会社の機能を、システムの運営者や各種代行者、各種評価者、各種資料提供者に振り分けることで、仲介者と最終顧客との間の利益相反を解消し、各種金融取引を効率化、最適化することができる金融取引サーバ、金融取引プログラム及び金融取引支援方法を提供することを課題とする。
また本発明の実施の形態では、規格商品−合成商品間の合成作業や分解作業によって各種金融商品の流動性を向上させ、同時合同金融取引を可能にすることで各種取引が当事者にとってより有利なものとなる金融取引サーバ、金融取引プログラム及び金融取引支援方法を提供することを課題とする。
In the embodiment of the present invention, one or more through a computer network to create a trading market of financial instruments, Rukin to match the demand of the end customer financial transaction server, financial transaction program及beauty financial transaction support It is an object to provide a method.
In the embodiment of the present invention , the functions of banks and securities companies, which are traditional intermediaries in financial transactions, are distributed to system operators, various agents, various evaluators, and various data providers, to eliminate the conflict of interest between the intermediary and the final customer, streamline the various types of financial transactions, it can be optimized Rukin financial transaction server, to provide a financial transaction program及beauty financial transaction support method Make it an issue.
Further, in the embodiment of the present invention, various transactions are more advantageous to the parties by improving the liquidity of various financial products by synthesizing and disassembling operations between standard products and synthetic products and enabling simultaneous joint financial transactions. It is an object of the present invention to provide a financial transaction server , a financial transaction program, and a financial transaction support method.
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該金融商品の買入を希望する買入希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売出数量と、
（３）該金融商品における希望売出数値レンジとを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、
（１）前記金融商品における希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、
（３）買入希望者Ｚの利用者端末が指定した金融商品Ａにおける希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、
（４）該ＹＡ及び該ＺＡが、売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが売出希望者Ｘ寄りであるかを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、前記ＹＡが前記ＺＡより売出希望者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｚの利用者端末が売出希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｚの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｚの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘの利用者端末又は買入希望者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引が成立し、又は、売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、買入希望者Ｚを買入者Ｚとし、金融商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、
（１）買入者Ｙもしくは買入者Ｚ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙもしくは買入者Ｚの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買入者Ｙもしくは買入者Ｚ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙもしくは買入者Ｚの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention relates to (A) a sale applicant who wants to sell a financial product, (B) a purchase applicant who wants to buy the financial product, and (C) a financial applicant. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Viii) the desired numerical value in the financial transaction is one or more desired numerical values of a price, a discount rate, a yield, and an additional yield;
(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) the user terminal of the selling applicant who desires the financial transaction,
(1) the financial product;
(2) the desired sale quantity of the financial product;
(3) The desired sale numerical value range of the financial product is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
(1) the desired purchase quantity of the financial product;
(2) The desired purchase value of the financial product is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) Let xa be the desired selling quantity of the financial product A designated by the user terminal of the selling applicant X, and let the selling order transmitted by the user terminal be the selling order x;
(2) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Y is designated as ya and the desired purchase numerical value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. age,
(3) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is the purchase order z. age,
(4) When the YA and the ZA are within the desired selling numerical range of the financial product A designated by the user terminal of the selling applicant X,
A matching means for determining which of the YA and the ZA is closer to the selling applicant X among the selling order x, the buying order y, and the buying order z;
(G) when the matching means determines that the YA is closer to the selling applicant X than the ZA, the financial transaction is established between the selling order x and the buying order y, and First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
(H) If the financial transaction is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Z, the user terminal of the purchase applicant Z is changed to the sales applicant X Third accepting means for accepting a bilateral transaction request relating to a bilateral transaction of the financial instrument A, which has been specified and transmitted, via the communication network or the radio wave;
(I) transmitting the relative transaction request received by the third receiving unit to the purchase applicant Z via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
(J) As a result of the user terminal of the seller X having received the bilateral transaction request communicating with the user terminal of the buyer X based on the identifier, the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Z,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Z via the communication network or the radio wave,
(K) The financial transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y, or the user purchases the user terminal of the sale applicant X. The bilateral transaction relating to the financial product A is established with the user terminal of the applicant Z;
The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, the purchaser Z is referred to as a purchaser Z, and the financing party holding the financial product A Procurer α
When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
(1) An event for exercising the right AR to the buyer Y, the buyer Z, or the funder α occurs, and the user terminal of the buyer Y, the buyer Z, or the user terminal of the funder α. When the information of the event is notified from, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the buyer A, the buyer Z, or the funder α fulfills the obligation AO, and the user terminal of the buyer Y or the buyer Z or the user terminal of the funder α. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該金融商品の買入を希望する買入希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売出数量と、
（３）該金融商品における希望売出数値とを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、
（１）前記金融商品における希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、金融商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention relates to (A) a sale applicant who wants to sell a financial product, (B) a purchase applicant who wants to buy the financial product, and (C) a financial applicant. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Viii) the desired numerical value in the financial transaction is one or more desired numerical values of a price, a discount rate, a yield, and an additional yield;
(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) the user terminal of the selling applicant who desires the financial transaction,
(1) the financial product;
(2) the desired sale quantity of the financial product;
(3) The desired sale value of the financial product is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
(1) the desired purchase quantity of the financial product;
(2) The desired purchase value of the financial product is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) The desired selling quantity of the financial product A designated by the user terminal of the selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is the selling order x,
(2) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Y is designated as ya and the desired purchase numerical value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. If
Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the selling order x and the purchase order y, and the xa is determined according to the amount of the financial transaction established. First updating means for updating the and ya on the financial product database, respectively;
(H) If the financial transaction is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y becomes the sales applicant X Third accepting means for accepting a bilateral transaction request relating to bilateral transaction of the financial product A, which has been specified and transmitted, via the communication network or the radio wave;
(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
(K) the financial transaction or the bilateral transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y,
The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, and the financing unit having the holding amount of the financial product A is defined as a financing unit α,
When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該売出の代行を希望する売出代行者と、（Ｃ）該金融商品の買入を希望する買入希望者と、（Ｄ）該買入の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記売出代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、又は、前記売出代行者による該売出希望者のための該売出であり、
（ｉｘ）該金融取引は、前記買入希望者にとっての前記買入であり、又は、前記運用代行者による該買入希望者のための該買入であり、
（ｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売出希望者又は該売出代行者にとっての希望売出数値であり、且つ、該買入希望者又は該運用代行者にとっての希望買入数値であり、
（ａ）（１）前記売出代行者の利用者端末が送信した該売出代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）（１）前記第１受信手段によって受信した該売出代行者に係る自己紹介資料を、前記配信資料データベースに格納し、
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売出希望者の利用者端末へ該売出代行者に係る自己紹介資料を配信し、
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記買入希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売出希望者の利用者端末又は、前記売出希望者に選定された前記売出代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売出数量と、
（３）該金融商品における希望売出数値レンジとを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末又は、前記買入希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該売出注文を対象に、
（１）前記金融商品における希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｈ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第３記憶手段と、
（ｉ）前記第２記憶手段によって格納した前記売出注文と前記第３記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、
（３）買入希望者Ｚ又は運用代行者Ｚの利用者端末が指定した金融商品Ａにおける希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、
（４）該ＹＡ及び該ＺＡが、売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが売出希望者Ｘ又は売出代行者Ｘ寄りであるかを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより売出希望者Ｘ又は売出代行者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｚ又は運用代行者Ｚの利用者端末が売出希望者Ｘ又は売出代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｚ又は運用代行者Ｚの識別子を付与して売出希望者Ｘ又は売出代行者Ｘの利用者端末へ送信する送信手段と、
（ｍ）該相対取引要求を受信した売出希望者Ｘ又は売出代行者Ｘの利用者端末が、前記識別子を基に買入希望者Ｚ又は運用代行者Ｚの利用者端末と通信した結果、売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘもしくは売出代行者Ｘの利用者端末又は買入希望者Ｚもしくは運用代行者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a sales applicant who wants to sell a financial product; (B) a sales agent who wants to act for the sale; and (C) a purchase of the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user, including a purchase applicant who performs the transaction and (D) an operation agent who wishes to act for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database that stores self-introduction materials related to the selling agent and self-introduction materials related to the operation agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the sale for the candidate for sale, or the sale by the agent for the sale for the candidate for sale;
(Ix) the financial transaction is the purchase for the purchaser or the purchase by the investment agent for the purchaser;
(X) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
(Xi) the desired numerical value is a desired sales numerical value for the sales applicant or the sales agent, and a desired purchase numerical value for the purchase applicant or the investment agent;
(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the selling agent transmitted by a user terminal of the selling agent,
(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) (1) storing the self-introduction material relating to the selling agent received by the first receiving means in the distribution material database;
(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) (1) Sale to a specific or unspecified user terminal of the sale applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
(2) The operation agent to a specific or unspecified user terminal of the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. A first distribution means for distributing the self-introduction material according to
(D) a user terminal of the selling applicant who desires the financial transaction or a user terminal of the selling agent selected as the selling applicant;
(1) the financial product;
(2) the desired sale quantity of the financial product;
(3) The desired sale numerical value range of the financial product is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the selling order received by the first receiving means in the financial product database;
(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(G) among the user terminals of the user for whom the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction or the purchase applicant. The user terminal of the operation agent who has been selected and determined to participate in the financial transaction, for the selling order,
(1) the desired purchase quantity of the financial product;
(2) The desired purchase value of the financial product is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(H) third storage means for storing the purchase order received by the second reception means in the financial product database;
(I) matching the selling order stored by the second storage means with the purchase order stored by the third storage means on the financial product database as a matching target;
(1) Let xa be the desired selling quantity of the financial product A designated by the user terminal of the selling applicant X or the selling agent X, and let the selling order transmitted by the user terminal be the selling order x;
(2) The purchase order of the financial instrument A designated by the user terminal of the purchase applicant Y or the agent Y is designated by ya, the desired purchase value is designated by YA, and the purchase order transmitted by the user terminal is indicated by YA. Is the purchase order y,
(3) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Z or the operation agent Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is Za. Is the purchase order z,
(4) When the YA and the ZA are within the desired selling numerical range of the financial product A designated by the user terminal of the selling applicant X or the selling agent X,
A matching means for determining which of the YA and the ZA is closer to the sales applicant X or the sales agent X among the sales order x, the purchase order y, and the purchase order z;
(J) When the matching means determines that the YA is closer to the selling applicant X or the selling agent X than the ZA, the financial transaction is established between the selling order x and the buying order y. First updating means for respectively updating the xa and the ya on the financial product database according to the number of completed financial transactions;
(K) If the financial transaction is not established between the user terminal of the sales applicant X or the sales agent X and the user terminal of the purchase applicant Z or the operation agent Z, the purchase applicant Z or a user terminal of the operation agent Z receives a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted by specifying the sales applicant X or the sales agent X via the communication network or the radio wave. Third receiving means;
(L) The relative transaction request received by the third receiving means is transmitted to the purchaser Z or at least one of the broadcasting networks via the communication network and the broadcasting server. Transmitting means for assigning an identifier of the operation agent Z and transmitting the same to the sales applicant X or the user terminal of the sales agent X;
(M) As a result of the user terminal of the sales applicant X or the sales agent X having received the bilateral transaction request communicating with the purchase applicant Z or the user terminal of the operation agent Z based on the identifier, the sales are performed. When the bilateral transaction is established between the user terminal of the applicant X or the sales agent X and the user terminal of the purchase applicant Z or the operation agent Z,
Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant X or the sales agent X or the user terminal of the purchase applicant Z or the operation agent Z is transmitted via the communication network or the radio wave. A second receiving means for receiving,
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該売出の代行を希望する売出代行者と、（Ｃ）該金融商品の買入を希望する買入希望者と、（Ｄ）該買入の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記売出代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、又は、前記売出代行者による該売出希望者のための該売出であり、
（ｉｘ）該金融取引は、前記買入希望者にとっての前記買入であり、又は、前記運用代行者による該買入希望者のための該買入であり、
（ｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売出希望者又は該売出代行者にとっての希望売出数値であり、且つ、該買入希望者又は該運用代行者にとっての希望買入数値であり、
（ａ）（１）前記売出代行者の利用者端末が送信した該売出代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）（１）前記第１受信手段によって受信した該売出代行者に係る自己紹介資料を、前記配信資料データベースに格納し、
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売出希望者の利用者端末へ該売出代行者に係る自己紹介資料を配信し、
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記買入希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売出希望者の利用者端末又は、前記売出希望者に選定された前記売出代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売出数量と、
（３）該金融商品における希望売出数値とを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末又は、前記買入希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該売出注文を対象に、
（１）前記金融商品における希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｈ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第３記憶手段と、
（ｉ）前記第２記憶手段によって格納した前記売出注文と前記第３記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｙ又は運用代行者Ｙの利用者端末が売出希望者Ｘ又は売出代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙ又は運用代行者Ｙの識別子を付与して売出希望者Ｘ又は売出代行者Ｘの利用者端末へ送信する送信手段と、
（ｍ）該相対取引要求を受信した売出希望者Ｘ又は売出代行者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘもしくは売出代行者Ｘの利用者端末又は買入希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a sales applicant who wants to sell a financial product; (B) a sales agent who wants to act for the sale; and (C) a purchase of the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user, including a purchase applicant who performs the transaction and (D) an operation agent who wishes to act for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database that stores self-introduction materials related to the selling agent and self-introduction materials related to the operation agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the sale for the candidate for sale, or the sale by the agent for the sale for the candidate for sale;
(Ix) the financial transaction is the purchase for the purchaser or the purchase by the investment agent for the purchaser;
(X) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
(Xi) the desired numerical value is a desired sales numerical value for the sales applicant or the sales agent, and a desired purchase numerical value for the purchase applicant or the investment agent;
(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the selling agent transmitted by a user terminal of the selling agent,
(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) (1) storing the self-introduction material relating to the selling agent received by the first receiving means in the distribution material database;
(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) (1) Sale to a specific or unspecified user terminal of the sale applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
(2) The operation agent to a specific or unspecified user terminal of the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. A first distribution means for distributing the self-introduction material according to
(D) a user terminal of the selling applicant who desires the financial transaction or a user terminal of the selling agent selected as the selling applicant;
(1) the financial product;
(2) the desired sale quantity of the financial product;
(3) The desired sale value of the financial product is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the selling order received by the first receiving means in the financial product database;
(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(G) among the user terminals of the user for whom the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction or the purchase applicant. The user terminal of the operation agent who has been selected and determined to participate in the financial transaction, for the selling order,
(1) the desired purchase quantity of the financial product;
(2) The desired purchase value of the financial product is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(H) third storage means for storing the purchase order received by the second reception means in the financial product database;
(I) matching the selling order stored by the second storage means with the purchase order stored by the third storage means on the financial product database as a matching target;
(1) The desired selling quantity of the financial product A designated by the user terminal of the selling applicant X or the selling agent X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is the selling order x. age,
(2) The purchase order for the financial product A designated by the user terminal of the purchase applicant Y or the agent Y is designated as ya, and the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal. Is the purchase order y,
Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
(J) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the selling order x and the purchase order y, and the xa is determined according to the amount of the established financial transaction. First updating means for updating the and ya on the financial product database, respectively;
(K) If the financial transaction is not established between the user terminal of the sales applicant X or the sales agent X and the user terminal of the purchase applicant Y or the operation agent Y, the purchase applicant The user terminal of the agent Y or the agent Y specifies the seller X or the agent X and receives a relative transaction request relating to the relative transaction of the financial product A transmitted through the communication network or the radio wave. Third receiving means;
(L) the request for purchase Y or the request for purchase Y via the at least one of the communication network and the broadcast network via the broadcast server, which is received by the third reception means, Transmitting means for assigning the identifier of the operation agent Y and transmitting the same to the user terminal of the sales applicant X or the sales agent X;
(M) As a result of the user terminal of the sales applicant X or the sales agent X having received the bilateral transaction request communicating with the purchase applicant Y or the user terminal of the operation agent Y based on the identifier, the sale is performed. When the bilateral transaction is established between the user terminal of the applicant X or the sales agent X and the user terminal of the purchase applicant Y or the operation agent Y,
The establishment information of the bilateral transaction notified from the user terminal of the sales applicant X or the sales agent X or the user terminal of the purchase applicant Y or the operation agent Y is transmitted via the communication network or the radio wave. Second receiving means for receiving
It is characterized by having .
本発明に係る金融取引サーバは、金融商品の合同売出を希望する複数の売出希望者と、該金融商品の合同買入を希望する複数の買入希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売出希望者にとっての前記合同売出であり、且つ、前記複数の買入希望者にとっての前記合同買入であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）１以上の売出希望者との合同売出αを希望する売出希望者を売出希望者Ａ、該１以上の売出希望者を売出希望者Ｂとし、
１以上の買入希望者との合同買入βを希望する買入希望者を買入希望者Ｃ、該１以上の買入希望者を買入希望者Ｄとし、
１以上の買入希望者との合同買入γを希望する買入希望者を買入希望者Ｅ、該１以上の買入希望者を買入希望者Ｆとする場合に、
（１）売出希望者Ａの利用者端末が送信した合同売出αの提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買入希望者Ｃの利用者端末が送信した合同買入βの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付け、
（３）買入希望者Ｅの利用者端末が送信した合同買入γの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた合同売出αに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売出希望者Ｂの利用者端末へ売出希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた合同買入βに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｄの利用者端末へ買入希望者Ｃの識別子を付与して送信し、
（３）前記第１受付手段によって受け付けた合同買入γに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｆの利用者端末へ買入希望者Ｅの識別子を付与して送信する第１送信手段と、
（ｃ）（１）合同売出αに係る該提携依頼を受信した売出希望者Ｂの利用者端末が、前記識別子を基に売出希望者Ａの利用者端末と通信した結果、売出希望者Ｂの利用者端末と売出希望者Ａの利用者端末との間で前記提携が成立した場合に、売出希望者Ｂの利用者端末又は売出希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）合同買入βに係る該提携依頼を受信した買入希望者Ｄの利用者端末が、前記識別子を基に買入希望者Ｃの利用者端末と通信した結果、買入希望者Ｄの利用者端末と買入希望者Ｃの利用者端末との間で前記提携が成立した場合に、買入希望者Ｄの利用者端末又は買入希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信し、
（３）合同買入γに係る該提携依頼を受信した買入希望者Ｆの利用者端末が、前記識別子を基に買入希望者Ｅの利用者端末と通信した結果、買入希望者Ｆの利用者端末と買入希望者Ｅの利用者端末との間で前記提携が成立した場合に、買入希望者Ｆの利用者端末又は買入希望者Ｅの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売出希望者Ａの利用者端末と売出希望者Ｂの利用者端末との間の前記通信の結果、合同売出αにおける代表として選出された売出希望者を代表売出希望者Ｘとし、
買入希望者Ｃの利用者端末と買入希望者Ｄの利用者端末との間の前記通信の結果、合同買入βにおける代表として選出された買入希望者を代表買入希望者Ｙとし、
買入希望者Ｅの利用者端末と買入希望者Ｆの利用者端末との間の前記通信の結果、合同買入γにおける代表として選出された買入希望者を代表買入希望者Ｚとする場合に、
前記合同金融取引を希望する代表売出希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品による合同売出αにおける総希望売出数量と、
（３）該金融商品における希望売出数値レンジとを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｙの利用者端末が、該売出注文を対象に、
（１）前記金融商品による合同買入βにおける総希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付け、
前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｚの利用者端末が、該売出注文を対象に、
（１）前記金融商品による合同買入γにおける総希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｈ）前記第３受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｉ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）代表買入希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、
（３）代表買入希望者Ｚの利用者端末が指定した金融商品Ａにおける総希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、
（４）該ＹＡ及び該ＺＡが、代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが代表売出希望者Ｘ寄りであるかを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより代表売出希望者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）代表売出希望者Ｘの利用者端末と代表買入希望者Ｚの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表買入希望者Ｚの利用者端末が代表売出希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表買入希望者Ｚの識別子を付与して代表売出希望者Ｘの利用者端末へ送信する第２送信手段と、
（ｍ）該合同相対取引要求を受信した代表売出希望者Ｘの利用者端末が、前記識別子を基に代表買入希望者Ｚの利用者端末と通信した結果、代表売出希望者Ｘの利用者端末と代表買入希望者Ｚの利用者端末との間で前記合同相対取引が成立した場合に、
代表売出希望者Ｘの利用者端末又は代表買入希望者Ｚの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises a plurality of users including a plurality of sales applicants who wish to jointly sell financial products and a plurality of purchase applicants who want to jointly purchase the financial products. A financial transaction server for supporting a joint financial transaction performed by a terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
(Viii) the desired value in the joint financial transaction is one or more desired values of a price, a discount rate, a yield, and an additional yield;
(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) A sale applicant who desires joint sale α with one or more sale applicants is a sale applicant A, and the one or more sale applicants are a sale applicant B,
A purchase applicant who desires joint purchase β with one or more purchase applicants is a purchase applicant C, and the one or more purchase applicants are a purchase applicant D,
When the purchase applicant who desires joint purchase γ with one or more purchase applicants is the purchase applicant E and the one or more purchase applicants is the purchase applicant F,
(1) accepting, via the communication network or the radio wave, an alliance request relating to the alliance of joint sales α transmitted by the user terminal of the sales applicant A;
(2) receiving, via the communication line or the radio wave, an alliance request related to the alliance of joint purchase β transmitted by the user terminal of the purchase applicant C;
(3) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase γ transmitted by the user terminal of the purchase applicant E;
(B) (1) The cooperation request relating to the joint sale α received by the first reception unit is transmitted via any one or more of the communication network and the broadcast network via the broadcast server. , Assigning the identifier of the selling applicant A to the user terminal of the selling applicant B and transmitting it,
(2) The cooperation request related to the joint purchase β received by the first receiving unit is purchased through at least one of the communication network and the broadcast network via the broadcast server. The buyer terminal C is given the identifier of the buyer C and transmitted to the user terminal of the applicant D,
(3) The cooperation request related to the joint purchase γ received by the first receiving unit is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmission means for providing an identifier of the purchaser E to the user terminal of the applicant F and transmitting the identifier;
(C) (1) As a result of the user terminal of the sales applicant B having received the cooperation request relating to the joint sales α communicating with the user terminal of the sales applicant A based on the identifier, the sales applicant B When the alliance is established between the user terminal and the user terminal of the sales applicant A, the establishment information of the alliance notified from the user terminal of the sales applicant B or the user terminal of the sales applicant A Is received via the communication network or the radio wave,
(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase β communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the above-mentioned alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. Receiving the alliance establishment information via the communication line or the radio wave,
(3) As a result of the user terminal of the purchaser F having received the cooperation request regarding the joint purchase γ communicating with the user terminal of the purchaser E based on the identifier, the purchaser F When the above-mentioned alliance is established between the user terminal of the purchase applicant E and the user terminal of the purchase applicant E, the user terminal of the purchase applicant F or the user terminal of the purchase applicant E is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling α is defined as a representative selling applicant X,
As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as a representative in the joint purchase β is defined as a representative purchase applicant Y. ,
As a result of the communication between the user terminal of the purchase applicant E and the user terminal of the purchase applicant F, the purchase applicant selected as the representative in the joint purchase γ is represented by the representative purchase applicant Z. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction,
(1) the financial product;
(2) the total desired selling quantity in the joint selling α by the financial product;
(3) The desired sale numerical value range of the financial product is
Second accepting means for accepting the selling order transmitted by designating the order content including, via the communication network or the radio wave;
(E) first storage means for storing the selling order received by the second reception means in the financial product database;
(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(G) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Y who has decided to participate in the joint financial transaction is provided with the selling order. To target,
(1) The total desired purchase quantity in the joint purchase β by the financial products,
(2) The desired purchase value of the financial product is
Receiving a purchase order transmitted by specifying the order content including, via the communication network or the radio wave,
Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Z who has decided to participate in the joint financial transaction, targeting the selling order,
(1) the total desired purchase quantity in the joint purchase γ by the financial product;
(2) The desired purchase value of the financial product is
Third accepting means for accepting a purchase order transmitted by designating order contents including the order via the communication network or the radio wave;
(H) second storage means for storing the purchase order received by the third reception means in the financial product database;
(I) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) Let xa be the total desired sales quantity of the financial product A designated by the user terminal of the representative selling applicant X, and let the selling order transmitted by the user terminal be the selling order x;
(2) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Y is designated as ya, the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal is purchased. Order y
(3) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is purchased. Order z,
(4) When the YA and the ZA are within the desired selling numerical value range of the financial product A designated by the user terminal of the representative selling applicant X,
A matching means for determining which of the YA and the ZA is closer to the representative selling applicant X among the selling order x, the buying order y, and the buying order z;
(J) When the matching means determines that the YA is closer to the representative selling applicant X than the ZA, the joint financial transaction is established between the selling order x and the buying order y and is established. First updating means for respectively updating the xa and the ya on the financial instrument database according to the number of the joint financial transactions;
(K) When the joint financial transaction is not established between the user terminal of the representative sale applicant X and the user terminal of the representative purchase applicant Z, the user terminal of the representative purchase applicant Z Fourth accepting means for accepting, via the communication line network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the representative selling applicant X;
(L) a request for a representative purchase request for the joint relative transaction request received by the fourth receiving means, via at least one of the communication network and the broadcast network via the broadcast server; A second transmitting means for giving the identifier of Z and transmitting to the user terminal of the representative selling applicant X;
(M) As a result of the user terminal of the representative selling applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative buying applicant Z based on the identifier, the user of the representative selling applicant X is obtained. When the joint bilateral transaction is established between the terminal and the user terminal of the representative purchase applicant Z,
Second receiving means for receiving, via the communication network or the radio wave, information on the establishment of the joint bilateral transaction notified from the user terminal of the representative sale applicant X or the user terminal of the representative purchase applicant Z, To
It is characterized by having .
本発明に係る金融取引サーバは、金融商品の合同売出を希望する複数の売出希望者と、該金融商品の合同買入を希望する複数の買入希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売出希望者にとっての前記合同売出であり、且つ、前記複数の買入希望者にとっての前記合同買入であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）１以上の売出希望者との前記合同売出を希望する売出希望者を売出希望者Ａ、該１以上の売出希望者を売出希望者Ｂとし、
１以上の買入希望者との前記合同買入を希望する買入希望者を買入希望者Ｃ、該１以上の買入希望者を買入希望者Ｄとする場合に、
（１）売出希望者Ａの利用者端末が送信した該合同売出の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買入希望者Ｃの利用者端末が送信した該合同買入の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同売出に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売出希望者Ｂの利用者端末へ売出希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同買入に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｄの利用者端末へ買入希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同売出に係る該提携依頼を受信した売出希望者Ｂの利用者端末が、前記識別子を基に売出希望者Ａの利用者端末と通信した結果、売出希望者Ｂの利用者端末と売出希望者Ａの利用者端末との間で前記提携が成立した場合に、売出希望者Ｂの利用者端末又は売出希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同買入に係る該提携依頼を受信した買入希望者Ｄの利用者端末が、前記識別子を基に買入希望者Ｃの利用者端末と通信した結果、買入希望者Ｄの利用者端末と買入希望者Ｃの利用者端末との間で前記提携が成立した場合に、買入希望者Ｄの利用者端末又は買入希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売出希望者Ａの利用者端末と売出希望者Ｂの利用者端末との間の前記通信の結果、該合同売出における代表として選出された売出希望者を代表売出希望者Ｘとし、
買入希望者Ｃの利用者端末と買入希望者Ｄの利用者端末との間の前記通信の結果、該合同買入における代表として選出された買入希望者を代表買入希望者Ｙとする場合に、
前記合同金融取引を希望する代表売出希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品による前記合同売出における総希望売出数量と、
（３）該金融商品における希望売出数値とを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｙの利用者端末が、該売出注文を対象に、
（１）前記金融商品による前記合同買入における総希望買入数量と、
（２）該金融商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｈ）前記第３受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｉ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）代表買入希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）代表売出希望者Ｘの利用者端末と代表買入希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表買入希望者Ｙの利用者端末が代表売出希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表買入希望者Ｙの識別子を付与して代表売出希望者Ｘの利用者端末へ送信する第２送信手段と、
（ｍ）該合同相対取引要求を受信した代表売出希望者Ｘの利用者端末が、前記識別子を基に代表買入希望者Ｙの利用者端末と通信した結果、代表売出希望者Ｘの利用者端末と代表買入希望者Ｙの利用者端末との間で前記合同相対取引が成立した場合に、
代表売出希望者Ｘの利用者端末又は代表買入希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises a plurality of users including a plurality of sales applicants who wish to jointly sell financial products and a plurality of purchase applicants who want to jointly purchase the financial products. A financial transaction server for supporting a joint financial transaction performed by a terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
(Viii) the desired value in the joint financial transaction is one or more desired values of a price, a discount rate, a yield, and an additional yield;
(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) A sales applicant who wishes the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
When the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
(B) (1) The cooperation request relating to the joint sale accepted by the first accepting means is transmitted via at least one of the communication network and the broadcasting network via the broadcasting server. , Assigning the identifier of the selling applicant A to the user terminal of the selling applicant B and transmitting it,
(2) The cooperation request related to the joint purchase received by the first receiving unit is purchased through at least one of the communication network and the broadcast network via the broadcast server. First transmitting means for transmitting the user terminal of the purchase applicant D with the identifier of the purchase applicant C attached thereto;
(C) (1) As a result of the user terminal of the sales applicant B having received the cooperation request related to the joint sales communicating with the user terminal of the sales applicant A based on the identifier, the sales applicant B When the alliance is established between the user terminal and the user terminal of the sales applicant A, the establishment information of the alliance notified from the user terminal of the sales applicant B or the user terminal of the sales applicant A Is received via the communication network or the radio wave,
(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is defined as a representative selling applicant X,
As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction,
(1) the financial product;
(2) a total desired sale quantity in the joint sale by the financial product;
(3) The desired sale value of the financial product is
Second accepting means for accepting the selling order transmitted by designating the order content including, via the communication network or the radio wave;
(E) first storage means for storing the selling order received by the second reception means in the financial product database;
(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(G) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Y who has decided to participate in the joint financial transaction is provided with the selling order. To target,
(1) the total desired purchase quantity in the joint purchase by the financial instrument;
(2) The desired purchase value of the financial product is
Third accepting means for accepting a purchase order transmitted by designating order contents including the order via the communication network or the radio wave;
(H) second storage means for storing the purchase order received by the third reception means in the financial product database;
(I) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) The total desired sale quantity of the financial product A designated by the user terminal of the representative selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is a selling order x,
(2) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Y is designated as ya, the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal is purchased. If order y
Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
(J) when it is determined by the matching means that the equation XA = YA is satisfied, the joint financial transaction is established between the selling order x and the purchase order y, and the joint financial transaction is performed in accordance with the quantity of the established joint financial transaction. First updating means for respectively updating the xa and the ya on the financial product database;
(K) If the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y, the user terminal of the representative buyer Y is Fourth accepting means for accepting, via the communication line network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the representative selling applicant X;
(L) a request for a representative purchase request for the joint relative transaction request received by the fourth receiving means, via at least one of the communication network and the broadcast network via the broadcast server; A second transmitting means for giving an identifier of Y and transmitting to the user terminal of the representative sale applicant X;
(M) As a result of the user terminal of the representative seller X having received the joint bilateral transaction request communicating with the user terminal of the representative buyer Y based on the identifier, the user of the representative seller X is obtained. When the joint bilateral transaction is established between the terminal and the user terminal of the representative purchase applicant Y,
Second receiving means for receiving, via the communication network or the radio wave, information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant X or the user terminal of the representative buying applicant Y, To
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、金融商品Ａ又は金融商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＦＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＦＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a sales applicant who wants to sell a financial product, (B) a purchase applicant who wants to purchase the financial product, and (C) the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
(A) the user terminal of the seller who wants the financial transaction is
(1) the financial product;
(2) the desired sales quantity of the financial product;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase numerical value of the financial instrument is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the sales applicant X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
(2) The financial product designated by the user terminal of the purchase applicant Y is financial product B, the desired purchase quantity in the financial product B is yb, the desired purchase value in the financial product B is YB, and the user terminal is When the transmitted purchase order is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the selling order x and the buying order y, and the financial transaction is performed in accordance with the quantity of the established financial transaction. xa and the yb are respectively updated on the financial product database,
If the matching means determines that the equation XA = YB is not established, the financial transaction is established between the selling order x and the buying order y at an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
(E) If the financial transaction is not established between the user terminal of the seller X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the financial product A is established between the customer terminal and the user terminal of the sales applicant X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the financial product B is established with the user terminal of the purchase applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
The bilateral transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sale applicant V. The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
The above-mentioned financing that holds the financial product A or the financial product B, with the purchaser Y having the financial transaction or the bilateral transaction established as the purchaser Y and the purchaser W as the purchaser W. Is the fundraiser Z,
If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
(1) An event for exercising the right FR to the purchaser Y or the purchaser W or the fund raiser Z occurs, and the user terminal of the purchaser Y or the purchaser W or the user terminal of the fund raiser Z. When the information of the event is notified from, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the obligatory FO is fulfilled for Buyer Y, Buyer W, or Fundraiser Z, and the user terminal of Buyer Y or Buyer W or the user terminal of Fundraiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、金融商品Ａ又は金融商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＦＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＦＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a sales applicant who wants to sell a financial product, (B) a purchase applicant who wants to purchase the financial product, and (C) the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
(A) the user terminal of the seller who wants the financial transaction is
(1) the financial product;
(2) the desired sales quantity of the financial product;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase numerical value of the financial instrument is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the sales applicant X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
(2) The financial product designated by the user terminal of the purchase applicant Y is financial product B, the desired purchase quantity in the financial product B is yb, the desired purchase value in the financial product B is YB, and the user terminal is When the transmitted purchase order is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(D) when it is determined by the matching means that the equation XA = YB is satisfied, the financial transaction is established between the selling order x and the buying order y, and the financial transaction is performed in accordance with the amount of the established financial transaction. first updating means for updating xa and yb on the financial product database, respectively;
(E) If the financial transaction is not established between the user terminal of the seller X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the financial product A is established between the customer terminal and the user terminal of the sales applicant X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the financial product B is established with the user terminal of the purchase applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
The bilateral transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sale applicant V. The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
The above-mentioned financing that holds the financial product A or the financial product B, with the purchaser Y having the financial transaction or the bilateral transaction established as the purchaser Y and the purchaser W as the purchaser W. Is the fundraiser Z,
If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
(1) An event for exercising the right FR to the purchaser Y or the purchaser W or the fund raiser Z occurs, and the user terminal of the purchaser Y or the purchaser W or the user terminal of the fund raiser Z. When the information of the event is notified from, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the obligatory FO is fulfilled for Buyer Y, Buyer W, or Fundraiser Z, and the user terminal of Buyer Y or Buyer W or the user terminal of Fundraiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該売付又は該買付の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、又は、前記運用代行者による該売付希望者のための該売付であり、
（ｉｘ）該金融取引は、前記買付希望者にとっての前記買付であり、又は、前記運用代行者による該買付希望者のための該買付であり、
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売付希望者又は該売付希望者の該運用代行者にとっての希望売付数値であり、且つ、該買付希望者又は該買付希望者の該運用代行者にとっての希望買付数値であり、
（ａ）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売付希望者又は前記買付希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売付希望者の利用者端末又は、前記売付希望者に選定された前記運用代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末又は、前記買付希望者に選定された前記運用代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第２記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売付希望者Ｘ又は運用代行者Ｘの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗ又は運用代行者Ｗの利用者端末へ売付希望者Ｘ又は運用代行者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖ又は運用代行者Ｖの利用者端末へ買付希望者Ｙ又は運用代行者Ｙの識別子を付与して送信する送信手段と、
（ｊ）（１）相対取引要求αを受信した買付希望者Ｗ又は運用代行者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘ又は運用代行者Ｘの利用者端末と通信した結果、買付希望者Ｗ又は運用代行者Ｗの利用者端末と売付希望者Ｘ又は運用代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗもしくは運用代行者Ｗの利用者端末又は売付希望者Ｘもしくは運用代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖ又は運用代行者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売付希望者Ｖ又は運用代行者Ｖの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖもしくは運用代行者Ｖの利用者端末又は買付希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a sales applicant who wants to sell a financial product; (B) a purchase applicant who wants to purchase the financial product; Or a financial transaction server for supporting a financial transaction performed by a plurality of user terminals of a user including an operation agent who wishes to act for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the sale to the seller, or the sale by the agent for the seller;
(Ix) the financial transaction is the purchase for the purchase applicant or the purchase by the investment agent for the purchase applicant;
(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Xi) The desired numerical value is a desired selling numerical value for the selling applicant or the selling agent for the investment agent, and is the operating agent of the purchase applicant or the purchasing agent. Purchase price for the buyer,
(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) a user of the specified or unspecified seller or the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material relating to the operation agent to the terminal;
(D) a user terminal of the selling applicant who desires the financial transaction, or a user terminal of the operation agent selected as the selling applicant,
(1) the financial product;
(2) the desired sales quantity of the financial product;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction, or a user terminal of the operation agent selected as the purchase applicant,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase numerical value of the financial instrument is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(E) second storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(F) matching the selling order and the buying order stored by the second storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the seller X or the agent X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
(2) The financial instrument designated by the user terminal of the purchase applicant Y or the investment agent Y is financial instrument B, the desired purchase quantity of the financial instrument B is yb, the desired purchase value of the financial instrument B is YB, When the purchase order transmitted by the user terminal is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(G) when it is determined by the matching means that the equation XA = YB holds, the financial transaction is made between the selling order x and the buying order y, and the financial transaction is made in accordance with the quantity of the completed financial transaction. xa and the yb are respectively updated on the financial product database,
If the matching means determines that the equation XA = YB is not established, the financial transaction is established between the selling order x and the buying order y at an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
(H) When the financial transaction is not established between the user terminal of the seller X or the agent X and the user terminal of the buyer Y or the agent Y,
(1) A bilateral transaction request α relating to a bilateral transaction of the financial product A transmitted by the user terminal of the seller X or the agent X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β relating to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y or the agent Y. ,
(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or the operation agent W who wishes to purchase the information, with the identifier of the sales applicant X or the operation agent X attached thereto and transmitted, or
(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning an identifier of the purchase applicant Y or the operation agent Y to the user terminal of one or more sales applicants V or the operation agent V who desires
(J) (1) The user terminal of the purchase applicant W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the purchase applicant W or the agent W and the user terminal of the seller X or the agent X,
The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the agent agent W or the user terminal of the seller X or the agent agent X is transmitted via the communication network or the radio wave. Received or
(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the sales applicant V or the agent V and the user terminal of the buyer Y or the agent Y,
Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該売付又は該買付の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、又は、前記運用代行者による該売付希望者のための該売付であり、
（ｉｘ）該金融取引は、前記買付希望者にとっての前記買付であり、又は、前記運用代行者による該買付希望者のための該買付であり、
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売付希望者又は該売付希望者の該運用代行者にとっての希望売付数値であり、且つ、該買付希望者又は該買付希望者の該運用代行者にとっての希望買付数値であり、
（ａ）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売付希望者又は前記買付希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売付希望者の利用者端末又は、前記売付希望者に選定された前記運用代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末又は、前記買付希望者に選定された前記運用代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第２記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売付希望者Ｘ又は運用代行者Ｘの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗ又は運用代行者Ｗの利用者端末へ売付希望者Ｘ又は運用代行者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖ又は運用代行者Ｖの利用者端末へ買付希望者Ｙ又は運用代行者Ｙの識別子を付与して送信する送信手段と、
（ｊ）（１）相対取引要求αを受信した買付希望者Ｗ又は運用代行者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘ又は運用代行者Ｘの利用者端末と通信した結果、買付希望者Ｗ又は運用代行者Ｗの利用者端末と売付希望者Ｘ又は運用代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗもしくは運用代行者Ｗの利用者端末又は売付希望者Ｘもしくは運用代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖ又は運用代行者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売付希望者Ｖ又は運用代行者Ｖの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖもしくは運用代行者Ｖの利用者端末又は買付希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a sales applicant who wants to sell a financial product; (B) a purchase applicant who wants to purchase the financial product; Or a financial transaction server for supporting a financial transaction performed by a plurality of user terminals of a user including an operation agent who wishes to act for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the sale to the seller, or the sale by the agent for the seller;
(Ix) the financial transaction is the purchase for the purchase applicant or the purchase by the investment agent for the purchase applicant;
(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Xi) The desired numerical value is a desired selling numerical value for the selling applicant or the selling agent for the investment agent, and is the operating agent of the purchase applicant or the purchasing agent. Purchase price for the buyer,
(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) a user of the specified or unspecified seller or the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material relating to the operation agent to the terminal;
(D) a user terminal of the selling applicant who desires the financial transaction, or a user terminal of the operation agent selected as the selling applicant,
(1) the financial product;
(2) the desired sales quantity of the financial product;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction, or a user terminal of the operation agent selected as the purchase applicant,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase numerical value of the financial instrument is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(E) second storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(F) matching the selling order and the buying order stored by the second storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the seller X or the agent X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
(2) The financial instrument designated by the user terminal of the purchase applicant Y or the investment agent Y is financial instrument B, the desired purchase quantity of the financial instrument B is yb, the desired purchase value of the financial instrument B is YB, When the purchase order transmitted by the user terminal is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(G) when the matching means determines that the equation XA = YB is satisfied, establishes the financial transaction between the selling order x and the buying order y, and sets the financial transaction according to the amount of the financial transaction that has been established. first updating means for updating xa and yb on the financial product database, respectively;
(H) When the financial transaction is not established between the user terminal of the seller X or the agent X and the user terminal of the buyer Y or the agent Y,
(1) A bilateral transaction request α relating to a bilateral transaction of the financial product A transmitted by the user terminal of the seller X or the agent X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β relating to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y or the agent Y. ,
(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or the operation agent W who wishes to purchase the information, with the identifier of the sales applicant X or the operation agent X attached thereto and transmitted, or
(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning an identifier of the purchase applicant Y or the operation agent Y to the user terminal of one or more sales applicants V or the operation agent V who desires
(J) (1) The user terminal of the purchase applicant W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the purchase applicant W or the agent W and the user terminal of the seller X or the agent X,
The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the agent agent W or the user terminal of the seller X or the agent agent X is transmitted via the communication network or the radio wave. Received or
(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the sales applicant V or the agent V and the user terminal of the buyer Y or the agent Y,
Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
It is characterized by having .
本発明に係る金融取引サーバは、金融商品の合同売付を希望する複数の売付希望者と、該金融商品の合同買付を希望する複数の買付希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売付希望者にとっての前記合同売付であり、且つ、前記複数の買付希望者にとっての前記合同買付であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）１以上の売付希望者との前記合同売付を希望する売付希望者を売付希望者Ａ、該１以上の売付希望者を売付希望者Ｂとし、
１以上の買付希望者との前記合同買付を希望する買付希望者を買付希望者Ｃ、該１以上の買付希望者を買付希望者Ｄとする場合に、
（１）売付希望者Ａの利用者端末が送信した該合同売付の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買付希望者Ｃの利用者端末が送信した該合同買付の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同売付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売付希望者Ｂの利用者端末へ売付希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同買付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買付希望者Ｄの利用者端末へ買付希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同売付に係る該提携依頼を受信した売付希望者Ｂの利用者端末が、前記識別子を基に売付希望者Ａの利用者端末と通信した結果、売付希望者Ｂの利用者端末と売付希望者Ａの利用者端末との間で前記提携が成立した場合に、売付希望者Ｂの利用者端末又は売付希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同買付に係る該提携依頼を受信した買付希望者Ｄの利用者端末が、前記識別子を基に買付希望者Ｃの利用者端末と通信した結果、買付希望者Ｄの利用者端末と買付希望者Ｃの利用者端末との間で前記提携が成立した場合に、買付希望者Ｄの利用者端末又は買付希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売付希望者Ａの利用者端末と売付希望者Ｂの利用者端末との間の前記通信の結果、該合同売付における代表として選出された売付希望者を代表売付希望者Ｘとし、
買付希望者Ｃの利用者端末と買付希望者Ｄの利用者端末との間の前記通信の結果、該合同買付における代表として選出された買付希望者を代表買付希望者Ｙとする場合に、
前記合同金融取引を希望する代表売付希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同売付における総希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記合同金融取引を希望する代表買付希望者Ｙの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同買付における総希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）代表買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）代表売付希望者Ｘの利用者端末と代表買付希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、
（１）代表売付希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）代表買付希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買付を希望する１以上の代表買付希望者Ｗの利用者端末へ代表売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売付を希望する１以上の代表売付希望者Ｖの利用者端末へ代表買付希望者Ｙの識別子を付与して送信する第２送信手段と、
（ｊ）（１）合同相対取引要求αを受信した代表買付希望者Ｗの利用者端末が、前記識別子を基に代表売付希望者Ｘの利用者端末と通信した結果、代表買付希望者Ｗの利用者端末と代表売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、
代表買付希望者Ｗの利用者端末又は代表売付希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）合同相対取引要求βを受信した代表売付希望者Ｖの利用者端末が、前記識別子を基に代表買付希望者Ｙの利用者端末と通信した結果、代表売付希望者Ｖの利用者端末と代表買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、
代表売付希望者Ｖの利用者端末又は代表買付希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of sales applicants including a plurality of sales applicants who wish to jointly sell financial products and a plurality of purchase applicants who wish to jointly purchase the financial products. A financial transaction server for supporting a joint financial transaction performed by a user terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
(A) A sales applicant who desires the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is the purchase applicant C, and the one or more purchase applicants are the purchase applicant D,
(1) accepting, via the communication network or the radio wave, an alliance request related to the joint sales alliance transmitted by the user terminal of the sales applicant A;
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the sales applicant B with the identifier of the sales applicant A,
(2) The alliance request relating to the joint purchase received by the first receiving means is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmitting means for providing the user terminal of the purchase applicant D with the identifier of the purchase applicant C and transmitting the same;
(C) (1) As a result of communication between the user terminal of the sales applicant B and the user terminal of the sales applicant A based on the identifier, the sales terminal When the alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notification is sent from the user terminal of the applicant B or the user terminal of the applicant A. Received the establishment information of the alliance, via the communication network or the radio wave,
(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the sales applicant A and the user terminal of the sales applicant B, the sales applicant selected as a representative in the joint sale is requested to be a representative seller. Person X
As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction,
(1) the financial product;
(2) the total desired selling quantity of the financial product in the joint selling;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the representative purchase applicant Y who wants the joint financial transaction,
(1) the financial product;
(2) the total desired purchase quantity of the financial instrument in the joint purchase;
(3) The desired purchase numerical value of the financial instrument is
Second accepting means for accepting the purchase order transmitted by designating the order content including, via the communication network or the radio wave,
(E) first storage means for storing the selling order and the purchase order received by the second receiving means in the financial product database;
(F) matching the selling order and the buying order stored in the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. Let the selling order sent by the terminal be a selling order x,
(2) The financial product designated by the user terminal of the representative purchase applicant Y is financial product B, the total desired purchase quantity of the financial product B is yb, and the desired purchase numerical value of the financial product B is YB. When the purchase order transmitted by the terminal is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the selling order x and the buying order y, and sets the quantity of the established joint financial transaction. Update the xa and the yb on the financial product database in accordance with
When the matching means determines that the equation XA = YB is not established, the joint financial transaction is established between the selling order x and the buying order y with an intermediate value between the XA and the YB, First updating means for respectively updating the xa and the yb on the financial instrument database according to the number of the established joint financial transactions;
(H) When the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y,
(1) A joint relative transaction request α related to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
(2) third receiving means for receiving, via the communication network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial product B transmitted by the user terminal of the representative purchase applicant Y,
(I) (1) transmitting the joint relative transaction request α received by the third reception unit to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Assigning the identifier of the representative selling applicant X to the user terminal of one or more representative buying applicants W who wish to jointly purchase A and transmitting the user terminal, or
(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for assigning and transmitting the identifier of the representative purchase applicant Y to the user terminal of one or more representative sale applicants V who want to sell;
(J) (1) As a result of the user terminal of the representative purchase applicant W having received the joint relative transaction request α communicating with the user terminal of the representative seller X based on the identifier, a representative purchase request is obtained. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
Information on the establishment of the joint bilateral transaction notified from the user terminal of the representative purchase applicant W or the user terminal of the representative seller X, via the communication network or the radio wave, or
(2) The user terminal of the representative seller V who has received the joint bilateral transaction request β communicates with the user terminal of the representative buyer Y based on the identifier. When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative purchase applicant Y,
A second receiving means for receiving, via the communication network or the radio wave, the information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant V or the user terminal of the representative buying applicant Y; And
It is characterized by having .
本発明に係る金融取引サーバは、金融商品の合同売付を希望する複数の売付希望者と、該金融商品の合同買付を希望する複数の買付希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売付希望者にとっての前記合同売付であり、且つ、前記複数の買付希望者にとっての前記合同買付であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）１以上の売付希望者との前記合同売付を希望する売付希望者を売付希望者Ａ、該１以上の売付希望者を売付希望者Ｂとし、
１以上の買付希望者との前記合同買付を希望する買付希望者を買付希望者Ｃ、該１以上の買付希望者を買付希望者Ｄとする場合に、
（１）売付希望者Ａの利用者端末が送信した該合同売付の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買付希望者Ｃの利用者端末が送信した該合同買付の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同売付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売付希望者Ｂの利用者端末へ売付希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同買付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買付希望者Ｄの利用者端末へ買付希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同売付に係る該提携依頼を受信した売付希望者Ｂの利用者端末が、前記識別子を基に売付希望者Ａの利用者端末と通信した結果、売付希望者Ｂの利用者端末と売付希望者Ａの利用者端末との間で前記提携が成立した場合に、売付希望者Ｂの利用者端末又は売付希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同買付に係る該提携依頼を受信した買付希望者Ｄの利用者端末が、前記識別子を基に買付希望者Ｃの利用者端末と通信した結果、買付希望者Ｄの利用者端末と買付希望者Ｃの利用者端末との間で前記提携が成立した場合に、買付希望者Ｄの利用者端末又は買付希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売付希望者Ａの利用者端末と売付希望者Ｂの利用者端末との間の前記通信の結果、該合同売付における代表として選出された売付希望者を代表売付希望者Ｘとし、
買付希望者Ｃの利用者端末と買付希望者Ｄの利用者端末との間の前記通信の結果、該合同買付における代表として選出された買付希望者を代表買付希望者Ｙとする場合に、
前記合同金融取引を希望する代表売付希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同売付における総希望売付数量と、
（３）該金融商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記合同金融取引を希望する代表買付希望者Ｙの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同買付における総希望買付数量と、
（３）該金融商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）代表買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）代表売付希望者Ｘの利用者端末と代表買付希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、
（１）代表売付希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）代表買付希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買付を希望する１以上の代表買付希望者Ｗの利用者端末へ代表売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売付を希望する１以上の代表売付希望者Ｖの利用者端末へ代表買付希望者Ｙの識別子を付与して送信する第２送信手段と、
（ｊ）（１）合同相対取引要求αを受信した代表買付希望者Ｗの利用者端末が、前記識別子を基に代表売付希望者Ｘの利用者端末と通信した結果、代表買付希望者Ｗの利用者端末と代表売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、
代表買付希望者Ｗの利用者端末又は代表売付希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）合同相対取引要求βを受信した代表売付希望者Ｖの利用者端末が、前記識別子を基に代表買付希望者Ｙの利用者端末と通信した結果、代表売付希望者Ｖの利用者端末と代表買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、
代表売付希望者Ｖの利用者端末又は代表買付希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of sales applicants including a plurality of sales applicants who wish to jointly sell financial products and a plurality of purchase applicants who wish to jointly purchase the financial products. A financial transaction server for supporting a joint financial transaction performed by a user terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
(A) A sales applicant who desires the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is the purchase applicant C, and the one or more purchase applicants are the purchase applicant D,
(1) accepting, via the communication network or the radio wave, an alliance request related to the joint sales alliance transmitted by the user terminal of the sales applicant A;
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the sales applicant B with the identifier of the sales applicant A,
(2) The alliance request relating to the joint purchase received by the first receiving means is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmitting means for providing the user terminal of the purchase applicant D with the identifier of the purchase applicant C and transmitting the same;
(C) (1) As a result of communication between the user terminal of the sales applicant B and the user terminal of the sales applicant A based on the identifier, the sales terminal When the alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notification is sent from the user terminal of the applicant B or the user terminal of the applicant A. Received the establishment information of the alliance, via the communication network or the radio wave,
(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the sales applicant A and the user terminal of the sales applicant B, the sales applicant selected as a representative in the joint sale is requested to be a representative seller. Person X
As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction,
(1) the financial product;
(2) the total desired selling quantity of the financial product in the joint selling;
(3) The desired selling value of the financial product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the representative purchase applicant Y who wants the joint financial transaction,
(1) the financial product;
(2) the total desired purchase quantity of the financial instrument in the joint purchase;
(3) The desired purchase numerical value of the financial instrument is
Second accepting means for accepting the purchase order transmitted by designating the order content including, via the communication network or the radio wave,
(E) first storage means for storing the selling order and the purchase order received by the second receiving means in the financial product database;
(F) matching the selling order and the buying order stored in the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. Let the selling order sent by the terminal be a selling order x,
(2) The financial product designated by the user terminal of the representative purchase applicant Y is financial product B, the total desired purchase quantity of the financial product B is yb, and the desired purchase numerical value of the financial product B is YB. When the purchase order transmitted by the terminal is a purchase order y,
A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the sell order x and the buy order y, and sets the amount of the established joint financial transaction. First updating means for respectively updating the xa and the yb on the financial product database in accordance with
(H) When the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y,
(1) A joint relative transaction request α related to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
(2) third receiving means for receiving, via the communication network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial product B transmitted by the user terminal of the representative purchase applicant Y,
(I) (1) transmitting the joint relative transaction request α received by the third reception unit to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Assigning the identifier of the representative selling applicant X to the user terminal of one or more representative buying applicants W who wish to jointly purchase A and transmitting the user terminal, or
(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for assigning and transmitting the identifier of the representative purchase applicant Y to the user terminal of one or more representative sale applicants V who want to sell;
(J) (1) As a result of the user terminal of the representative purchase applicant W having received the joint relative transaction request α communicating with the user terminal of the representative seller X based on the identifier, a representative purchase request is obtained. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
Information on the establishment of the joint bilateral transaction notified from the user terminal of the representative purchase applicant W or the user terminal of the representative seller X, via the communication network or the radio wave, or
(2) The user terminal of the representative seller V who has received the joint bilateral transaction request β communicates with the user terminal of the representative buyer Y based on the identifier. When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative purchase applicant Y,
A second receiving means for receiving, via the communication network or the radio wave, the information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant V or the user terminal of the representative buying applicant Y; And
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による資金調達を希望する調達希望者と、該金融商品による資金運用を希望する運用希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望調達数量と、
（３）該金融商品における希望調達数値レンジとを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、
（１）前記金融商品における希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、
（３）運用希望者Ｚの利用者端末が指定した金融商品Ａにおける希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、
（４）該ＹＡ及び該ＺＡが、調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが調達希望者Ｘ寄りであるかを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、前記ＹＡが前記ＺＡより調達希望者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｚの利用者端末が調達希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｚの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｚの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘの利用者端末又は運用希望者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引が成立し、又は、調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、運用希望者Ｚを資金運用者Ｚとし、
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、
（１）資金調達者Ｘ又は資金運用者Ｙもしくは資金運用者Ｚに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙもしくは資金運用者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）資金調達者Ｘ又は資金運用者Ｙもしくは資金運用者Ｚに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙもしくは資金運用者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is a financial transaction executed by a plurality of user terminals of users including a procurement applicant who wants to procure funds by using a financial product and an operation applicant who wants to manage funds using the financial product. A financial transaction server for supporting
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the fund procurement for the procurement applicant, and the fund management for the operation applicant.
(Viii) the desired value in the financial transaction is a desired value of at least one of price, discount rate, surcharge rate, interest rate, yield, additional yield, and exchange rate;
(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) the user terminal of the procurement applicant who desires the financial transaction,
(1) the financial product;
(2) the desired procurement quantity of the financial product;
(3) The desired procurement numerical range for the financial product is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the financing order received by the first reception means in the financial product database;
(C) Disclose the funding order to a specific or unspecified user terminal via one or more of the communication network and the broadcast network via the broadcast server. Means to be disclosed;
(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
(1) desired operating quantity of the financial product;
(2) The desired investment value of the financial product is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) second storage means for storing the money management order received by the second reception means in the financial product database;
(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) Let xa be the desired procurement quantity for the financial product A designated by the user terminal of the procurement applicant X, and let the funding order transmitted by the user terminal be the funding order x;
(2) The desired operation quantity of the financial product A designated by the user terminal of the operation applicant Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is designated as a fund management order y,
(3) The desired operation quantity of the financial product A designated by the user terminal of the operation applicant Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is a fund operation order z.
(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A designated by the user terminal of the procurement applicant X,
Matching means for determining which of the YA and the ZA is closer to the procurement applicant X between the financing order x, the financing order y, and the financing order z;
(G) When the matching means determines that the YA is closer to the procurement applicant X than the ZA, the financial transaction is established between the fund procurement order x and the fund management order y. First updating means for respectively updating the xa and the ya on the financial product database according to the number of financial transactions;
(H) When the financial transaction is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Z, the user terminal of the operation applicant Z specifies the procurement applicant X Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted as:
(I) transmitting the relative transaction request accepted by the third accepting unit to the identifier of the operation applicant Z via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Z based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Z,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Z via the communication network or the radio wave;
(K) The financial transaction relating to the financial product A is completed between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, or the user terminal of the procurement applicant X and the operation applicant Z, the bilateral transaction relating to the financial product A is established with the user terminal of Z,
The procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, the operation applicant Y is referred to as a fund manager Y, the operation applicant Z is referred to as a fund manager Z,
When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
(1) An event for exercising the right AR to the fund raiser X, the fund manager Y, or the fund manager Z occurs, and the user terminal of the fund raiser X or the user terminal of the fund manager Y, or the fund manager Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the obligation AO is fulfilled to the fund raiser X, the fund manager Y, or the fund manager Z, and the user terminal of the fund raiser X or the user terminal of the fund manager Y, or the fund manager Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による資金調達を希望する調達希望者と、該金融商品による資金運用を希望する運用希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望調達数量と、
（３）該金融商品における希望調達数値とを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、
（１）前記金融商品における希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is a financial transaction executed by a plurality of user terminals of users including a procurement applicant who wants to procure funds by using a financial product and an operation applicant who wants to manage funds using the financial product. A financial transaction server for supporting
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the fund procurement for the procurement applicant, and the fund management for the operation applicant.
(Viii) the desired value in the financial transaction is a desired value of at least one of price, discount rate, surcharge rate, interest rate, yield, additional yield, and exchange rate;
(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) the user terminal of the procurement applicant who desires the financial transaction,
(1) the financial product;
(2) the desired procurement quantity of the financial product;
(3) The desired procurement value of the financial product is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the financing order received by the first reception means in the financial product database;
(C) Disclose the funding order to a specific or unspecified user terminal via one or more of the communication network and the broadcast network via the broadcast server. Means to be disclosed;
(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
(1) desired operating quantity of the financial product;
(2) The desired investment value of the financial product is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) second storage means for storing the money management order received by the second reception means in the financial product database;
(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) The desired procurement quantity of the financial product A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the financing order transmitted by the user terminal is financing order x,
(2) A case where the desired operation quantity of the financial product A designated by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund management order transmitted by the user terminal is a fund management order y. To
Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the financing order x and the fund management order y, and the financial transaction is performed according to the amount of the established financial transaction. first updating means for respectively updating xa and ya on the financial product database;
(H) When the financial transaction is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y specifies the procurement applicant X Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted as:
(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
(K) the financial transaction or the bilateral transaction relating to the financial product A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品による資金調達を希望する調達希望者と、（Ｂ）該資金調達の代行を希望する調達代行者と、（Ｃ）該金融商品による資金運用を希望する運用希望者と、（Ｄ）該資金運用の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記調達代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、又は、前記調達代行者による該調達希望者のための該資金調達であり、
（ｉｘ）該金融取引は、前記運用希望者にとっての前記資金運用であり、又は、前記運用代行者による該運用希望者のための該資金運用であり、
（ｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該調達希望者又は該調達代行者にとっての希望調達数値であり、且つ、該運用希望者又は該運用代行者にとっての希望運用数値であり、
（ａ）（１）前記調達代行者の利用者端末が送信した該調達代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）（１）前記第１受信手段によって受信した該調達代行者に係る自己紹介資料を、前記配信資料データベースに格納し、
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記調達希望者の利用者端末へ該調達代行者に係る自己紹介資料を配信し、
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記運用希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記調達希望者の利用者端末又は、前記調達希望者に選定された前記調達代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望調達数量と、
（３）該金融商品における希望調達数値レンジとを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末又は、前記運用希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該資金調達注文を対象に、
（１）前記金融商品における希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｈ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第３記憶手段と、
（ｉ）前記第２記憶手段によって格納した前記資金調達注文と前記第３記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、
（３）運用希望者Ｚ又は運用代行者Ｚの利用者端末が指定した金融商品Ａにおける希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、
（４）該ＹＡ及び該ＺＡが、調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが調達希望者Ｘ又は調達代行者Ｘ寄りであるかを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより調達希望者Ｘ又は調達代行者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｚ又は運用代行者Ｚの利用者端末が調達希望者Ｘ又は調達代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｚ又は運用代行者Ｚの識別子を付与して調達希望者Ｘ又は調達代行者Ｘの利用者端末へ送信する送信手段と、
（ｍ）該相対取引要求を受信した調達希望者Ｘ又は調達代行者Ｘの利用者端末が、前記識別子を基に運用希望者Ｚ又は運用代行者Ｚの利用者端末と通信した結果、調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘもしくは調達代行者Ｘの利用者端末又は運用希望者Ｚもしくは運用代行者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a procurement applicant who wants to procure financing by a financial product, (B) a procurement agent who wants to procure the financing, and (C) fund management using the financial product. And (D) a financial transaction server for supporting financial transactions executed by a plurality of user terminals of users including the agent who wishes to perform the fund management,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials related to the procurement agent and self-introduction materials related to the operation agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the financing for the procurement candidate or the financing by the procurement agent for the procurement candidate;
(Ix) the financial transaction is the fund management for the investment applicant or the fund management for the investment applicant by the investment agent;
(X) the desired value in the financial transaction is any one or more of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
(Xi) the desired numerical value is a desired procurement numerical value for the procurement applicant or the procurement agent, and is a desired operation numerical value for the operation applicant or the operation proxy agent;
(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the procurement agent transmitted by a user terminal of the procurement agent,
(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) (1) storing the self-introduction material relating to the procurement agent received by the first receiving means in the distribution material database;
(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) (1) Procurement to a specified or unspecified user terminal of the procurement applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
(2) To the operation agent to the specified or unspecified user terminal of the operation applicant via any one or more of the communication network and the broadcasting network via the broadcasting server. A first distribution means for distributing such self-introduction material;
(D) a user terminal of the procurement applicant who desires the financial transaction or a user terminal of the procurement agent selected as the procurement applicant;
(1) the financial product;
(2) the desired procurement quantity of the financial product;
(3) The desired procurement numerical range for the financial product is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the financing order received by the first reception means in the financial product database;
(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
(G) Among the user terminals of the user for which the funding order has been disclosed by the disclosure means, selected as the user terminal of the operation applicant who has decided to participate in the financial transaction or the operation applicant. The user terminal of the agent acting and determined to participate in the financial transaction is targeted for the financing order,
(1) desired operating quantity of the financial product;
(2) The desired investment value of the financial product is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(H) third storage means for storing the money management order received by the second reception means in the financial product database;
(I) matching the financing order stored by the second storage means with the fund management order stored by the third storage means on the financial product database as a matching target;
(1) Let xa be the desired procurement quantity of the financial product A designated by the user terminal of the procurement applicant X or the procurement agent X, and let the financing order transmitted by the user terminal be the financing order x;
(2) The desired operation quantity of the financial product A designated by the operation applicant Y or the user terminal of the operation agent Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is used for fund management. Order y
(3) The desired operation quantity in the financial product A designated by the user terminal of the operation applicant Z or the operation agent Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is used for fund management. Order z,
(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A specified by the user terminal of the procurement applicant X or the procurement agent X,
Matching means for determining which of the YA and the ZA is closer to the procurement applicant X or the procurement agent X between the financing order x, the financing order y, and the financing order z;
(J) When the matching means determines that the YA is closer to the procurement applicant X or the procurement agent X than the ZA, the financial transaction is established between the fund procurement order x and the fund management order y. First updating means for updating the xa and the ya on the financial product database in accordance with the number of the completed financial transactions,
(K) If the financial transaction is not established between the procurement applicant X or the user terminal of the procurement agent X and the operation applicant Z or the user terminal of the operation agent Z, the operation applicant Z or A third terminal for receiving, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted by the user terminal of the operation agent Z by specifying the procurement applicant X or the procurement agent X; Reception means,
(L) The relative transaction request received by the third receiving unit is transmitted to the operation applicant Z or the operation requester via any one or more of the communication network and the broadcast network via the broadcast server. Transmitting means for assigning an identifier of the agent Z and transmitting to the user terminal of the procurement applicant X or the procurement agent X;
(M) The procurement applicant X or the user terminal of the procurement agent X having received the bilateral transaction request communicates with the operation applicant Z or the user terminal of the operation agent Z based on the identifier, and as a result, When the bilateral transaction is established between the user terminal of the agent X or the procurement agent X and the user of the operation applicant Z or the operation agent Z,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the procurement agent X or the user terminal of the operation applicant Z or the operation agent Z via the communication network or the radio wave. And second receiving means for
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品による資金調達を希望する調達希望者と、（Ｂ）該資金調達の代行を希望する調達代行者と、（Ｃ）該金融商品による資金運用を希望する運用希望者と、（Ｄ）該資金運用の代行を希望する運用代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記調達代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、又は、前記調達代行者による該調達希望者のための該資金調達であり、
（ｉｘ）該金融取引は、前記運用希望者にとっての前記資金運用であり、又は、前記運用代行者による該運用希望者のための該資金運用であり、
（ｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該調達希望者又は該調達代行者にとっての希望調達数値であり、且つ、該運用希望者又は該運用代行者にとっての希望運用数値であり、
（ａ）（１）前記調達代行者の利用者端末が送信した該調達代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）（１）前記第１受信手段によって受信した該調達代行者に係る自己紹介資料を、前記配信資料データベースに格納し、
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記調達希望者の利用者端末へ該調達代行者に係る自己紹介資料を配信し、
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記運用希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記調達希望者の利用者端末又は、前記調達希望者に選定された前記調達代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望調達数量と、
（３）該金融商品における希望調達数値とを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末又は、前記運用希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該資金調達注文を対象に、
（１）前記金融商品における希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｈ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第３記憶手段と、
（ｉ）前記第２記憶手段によって格納した前記資金調達注文と前記第３記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｙ又は運用代行者Ｙの利用者端末が調達希望者Ｘ又は調達代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙ又は運用代行者Ｙの識別子を付与して調達希望者Ｘ又は調達代行者Ｘの利用者端末へ送信する送信手段と、
（ｍ）該相対取引要求を受信した調達希望者Ｘ又は調達代行者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘもしくは調達代行者Ｘの利用者端末又は運用希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a procurement applicant who wants to procure financing by a financial product, (B) a procurement agent who wants to procure the financing, and (C) fund management using the financial product. And (D) a financial transaction server for supporting financial transactions executed by a plurality of user terminals of users including the agent who wishes to perform the fund management,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials related to the procurement agent and self-introduction materials related to the operation agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the financing for the procurement candidate or the financing by the procurement agent for the procurement candidate;
(Ix) the financial transaction is the fund management for the investment applicant or the fund management for the investment applicant by the investment agent;
(X) the desired value in the financial transaction is any one or more of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
(Xi) the desired numerical value is a desired procurement numerical value for the procurement applicant or the procurement agent, and is a desired operation numerical value for the operation applicant or the operation proxy agent;
(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the procurement agent transmitted by a user terminal of the procurement agent,
(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
(B) (1) storing the self-introduction material relating to the procurement agent received by the first receiving means in the distribution material database;
(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
(C) (1) Procurement to a specified or unspecified user terminal of the procurement applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
(2) To the operation agent to the specified or unspecified user terminal of the operation applicant via any one or more of the communication network and the broadcasting network via the broadcasting server. A first distribution means for distributing such self-introduction material;
(D) a user terminal of the procurement applicant who desires the financial transaction or a user terminal of the procurement agent selected as the procurement applicant;
(1) the financial product;
(2) the desired procurement quantity of the financial product;
(3) The desired procurement value of the financial product is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the financing order received by the first reception means in the financial product database;
(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
(G) Among the user terminals of the user for which the funding order has been disclosed by the disclosure means, selected as the user terminal of the operation applicant who has decided to participate in the financial transaction or the operation applicant. The user terminal of the agent acting and determined to participate in the financial transaction is targeted for the financing order,
(1) desired operating quantity of the financial product;
(2) The desired investment value of the financial product is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(H) third storage means for storing the money management order received by the second reception means in the financial product database;
(I) matching the financing order stored by the second storage means with the fund management order stored by the third storage means on the financial product database as a matching target;
(1) Let xa be the desired procurement quantity and XA be the desired procurement value in the financial product A designated by the user terminal of the procurement applicant X or the procurement agent X, and raise the fund procurement order transmitted by the user terminal. Order x,
(2) The desired operation quantity of the financial product A designated by the operation applicant Y or the user terminal of the operation agent Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is used for fund management. If order y
Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
(J) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the financing order x and the fund management order y, and the financial transaction is performed according to the amount of the established financial transaction. first updating means for respectively updating xa and ya on the financial product database;
(K) If the financial transaction is not established between the procurement applicant X or the user terminal of the procurement agent X and the operation applicant Y or the user terminal of the operation agent Y, the operation applicant Y or A third terminal for receiving, via the communication line network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted from the user terminal of the operation agent Y by specifying the procurement applicant X or the procurement agent X; Reception means,
(L) The relative transaction request received by the third receiving unit is transmitted to any one of the communication line network and the broadcasting network via the broadcasting server via one or more of the networks, and the operation applicant Y or the operation Transmitting means for assigning the identifier of the agent Y and transmitting the same to the user terminal of the procurement applicant X or the procurement agent X;
(M) The procurement applicant X or the procurement agent X user terminal receiving the bilateral transaction request communicates with the operation applicant Y or the operation agent Y user terminal based on the identifier. When the bilateral transaction is established between the user terminal of the agent X or the procurement agent X and the user of the operation applicant Y or the operation agent Y,
Receiving information on establishment of the bilateral transaction notified from the user terminal of the procurement applicant X or the procurement agent X or the user terminal of the operation applicant Y or the operation agent Y via the communication network or the radio wave. And second receiving means for
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による合同資金調達を希望する複数の調達希望者と、該金融商品による合同資金運用を希望する複数の運用希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の調達希望者にとっての前記合同資金調達であり、且つ、前記複数の運用希望者にとっての前記合同資金運用であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）１以上の調達希望者との合同資金調達αを希望する調達希望者を調達希望者Ａ、該１以上の調達希望者を調達希望者Ｂとし、
１以上の運用希望者との合同資金運用βを希望する運用希望者を運用希望者Ｃ、該１以上の運用希望者を運用希望者Ｄとし、
１以上の運用希望者との合同資金運用γを希望する運用希望者を運用希望者Ｅ、該１以上の運用希望者を運用希望者Ｆとする場合に、
（１）調達希望者Ａの利用者端末が送信した合同資金調達αの提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）運用希望者Ｃの利用者端末が送信した合同資金運用βの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付け、
（３）運用希望者Ｅの利用者端末が送信した合同資金運用γの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた合同資金調達αに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、調達希望者Ｂの利用者端末へ調達希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた合同資金運用βに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｄの利用者端末へ運用希望者Ｃの識別子を付与して送信し、
（３）前記第１受付手段によって受け付けた合同資金運用γに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｆの利用者端末へ運用希望者Ｅの識別子を付与して送信する第１送信手段と、
（ｃ）（１）合同資金調達αに係る該提携依頼を受信した調達希望者Ｂの利用者端末が、前記識別子を基に調達希望者Ａの利用者端末と通信した結果、調達希望者Ｂの利用者端末と調達希望者Ａの利用者端末との間で前記提携が成立した場合に、調達希望者Ｂの利用者端末又は調達希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）合同資金運用βに係る該提携依頼を受信した運用希望者Ｄの利用者端末が、前記識別子を基に運用希望者Ｃの利用者端末と通信した結果、運用希望者Ｄの利用者端末と運用希望者Ｃの利用者端末との間で前記提携が成立した場合に、運用希望者Ｄの利用者端末又は運用希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信し、
（３）合同資金運用γに係る該提携依頼を受信した運用希望者Ｆの利用者端末が、前記識別子を基に運用希望者Ｅの利用者端末と通信した結果、運用希望者Ｆの利用者端末と運用希望者Ｅの利用者端末との間で前記提携が成立した場合に、運用希望者Ｆの利用者端末又は運用希望者Ｅの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）調達希望者Ａの利用者端末と調達希望者Ｂの利用者端末との間の前記通信の結果、合同資金調達αにおける代表として選出された調達希望者を代表調達希望者Ｘとし、
運用希望者Ｃの利用者端末と運用希望者Ｄの利用者端末との間の前記通信の結果、合同資金運用βにおける代表として選出された運用希望者を代表運用希望者Ｙとし、
運用希望者Ｅの利用者端末と運用希望者Ｆの利用者端末との間の前記通信の結果、合同資金運用γにおける代表として選出された運用希望者を代表運用希望者Ｚとする場合に、
前記合同金融取引を希望する代表調達希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品による合同資金調達αにおける総希望調達数量と、
（３）該金融商品における希望調達数値レンジとを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｙの利用者端末が、該資金調達注文を対象に、
（１）前記金融商品による合同資金運用βにおける総希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付け、
前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｚの利用者端末が、該資金調達注文を対象に、
（１）前記金融商品による合同資金運用γにおける総希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｈ）前記第３受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｉ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）代表運用希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、
（３）代表運用希望者Ｚの利用者端末が指定した金融商品Ａにおける総希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、
（４）該ＹＡ及び該ＺＡが、代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが代表調達希望者Ｘ寄りであるかを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより代表調達希望者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）代表調達希望者Ｘの利用者端末と代表運用希望者Ｚの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表運用希望者Ｚの利用者端末が代表調達希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表運用希望者Ｚの識別子を付与して代表調達希望者Ｘの利用者端末へ送信する第２送信手段と、
（ｍ）該合同相対取引要求を受信した代表調達希望者Ｘの利用者端末が、前記識別子を基に代表運用希望者Ｚの利用者端末と通信した結果、代表調達希望者Ｘの利用者端末と代表運用希望者Ｚの利用者端末との間で前記合同相対取引が成立した場合に、
代表調達希望者Ｘの利用者端末又は代表運用希望者Ｚの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of users, including a plurality of procurement applicants who desire joint fund procurement by a financial product and a plurality of operation applicants who desire joint fund management by the financial product. A financial transaction server for supporting a joint financial transaction performed by a terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint funding for the plurality of applicants and the joint fund management for the plurality of investment applicants;
(Viii) the desired value in the joint financial transaction is one or more desired values of a price, a discount rate, a premium rate, an interest rate, a yield, an additional yield, and an exchange rate;
(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) A procurement applicant who desires joint funding α with one or more procurement applicants is a procurement applicant A, and the one or more procurement applicants are a procurement applicant B,
The operation applicant who desires the joint fund management β with one or more operation applicants is the operation applicant C, the one or more operation applicants is the operation applicant D,
In the case where the operation applicant who desires the joint fund management γ with one or more operation applicants is the operation applicant E and the one or more operation applicants is the operation applicant F,
(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the procurement applicant A for the alliance of the joint fund procurement α;
(2) receiving, via the communication line or the radio wave, an alliance request transmitted by the user terminal of the operation applicant C for the alliance of the joint fund operation β,
(3) first accepting means for accepting, via the communication line or the radio wave, an alliance request related to the joint fund operation γ transmitted by the user terminal of the operation applicant E;
(B) (1) The cooperation request related to the joint fund procurement α received by the first receiving unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of procurement applicant B with the identifier of procurement applicant A,
(2) The cooperation request relating to the joint fund management β received by the first receiving unit is operated via at least one of the communication network and the broadcast network via the broadcast server. The identifier of operation applicant C is assigned to the user terminal of applicant D and transmitted.
(3) The cooperation request related to the joint fund management γ received by the first receiving unit is operated via at least one of the communication network and the broadcasting network via the broadcasting server. First transmitting means for providing an identifier of the operation applicant E to the user terminal of the applicant F and transmitting the same;
(C) (1) As a result of the user terminal of the procurement applicant B having received the alliance request relating to the joint fund procurement α communicating with the user terminal of the procurement applicant A based on the identifier, the procurement applicant B If the above-mentioned alliance is established between the user terminal of the procurement applicant A and the user terminal of the procurement applicant A, establishment of the alliance notified from the user terminal of the procurement applicant B or the user terminal of the procurement applicant A Receiving information via the communication network or the radio wave,
(2) As a result of the user terminal of the operation applicant D having received the cooperation request relating to the joint fund operation β communicating with the user terminal of the operation applicant C based on the identifier, the user of the operation applicant D is obtained. When the alliance is established between the terminal and the user terminal of the operation applicant C, the establishment information of the alliance notified from the user terminal of the operation applicant D or the user terminal of the operation applicant C, Received via the communication line or the radio wave,
(3) As a result of the user terminal of the operation applicant F having received the cooperation request relating to the joint fund operation γ communicating with the user terminal of the operation applicant E based on the identifier, the user of the operation applicant F When the alliance is established between the terminal and the user terminal of the operation applicant E, the establishment information of the alliance notified from the user terminal of the operation applicant F or the user terminal of the operation applicant E, First receiving means for receiving via the communication line or the radio wave,
(D) As a result of the communication between the user terminal of the procurement applicant A and the user terminal of the procurement applicant B, a procurement applicant selected as a representative in the joint funding α is set as a representative procurement applicant X,
As a result of the communication between the user terminal of the operation applicant C and the user terminal of the operation applicant D, the operation applicant selected as a representative in the joint fund operation β is defined as a representative operation applicant Y,
As a result of the communication between the user terminal of the operation applicant E and the user terminal of the operation applicant F, when the operation applicant selected as a representative in the joint fund operation γ is set as the representative operation applicant Z,
The user terminal of the representative procurement applicant X who wants the joint financial transaction is:
(1) the financial product;
(2) the total desired procurement quantity in the joint fund procurement α by the financial product;
(3) The desired procurement numerical range for the financial product is
Second receiving means for receiving the financing order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) first storage means for storing the financing order received by the second reception means in the financial product database;
(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
(G) Among the user terminals of the user for whom the funding order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Y who has decided to participate in the joint financial transaction is the user terminal of the funding order. Targeting
(1) The total desired operation quantity in the joint fund management β by the financial product,
(2) The desired investment value of the financial product is
Receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
Of the user terminals of the user for which the financing order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Z who has decided to participate in the joint financial transaction is targeted for the financing order. ,
(1) The total desired investment quantity in the joint fund management γ by the financial product,
(2) The desired investment value of the financial product is
Third receiving means for receiving the fund management order transmitted by designating the order content including, via the communication network or the radio wave;
(H) second storage means for storing the money management order received by the third reception means in the financial product database;
(I) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) Let xa be the total desired procurement quantity of the financial product A designated by the user terminal of the representative procurement applicant X, and let the fund procurement order transmitted by the user terminal be the fund procurement order x.
(2) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is designated as fund management order y. ,
(3) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is the fund operation order z. ,
(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A designated by the user terminal of the representative procurement applicant X,
Matching means for determining which of the YA and the ZA is closer to the representative procurement applicant X between the financing order x, the financing order y, and the financing order z;
(J) When the matching means determines that the YA is closer to the representative procurement applicant X than the ZA, the joint financial transaction is established between the financing order x and the fund management order y, and the financing order is established. First updating means for respectively updating the xa and the ya on the financial product database according to the quantity of the joint financial transaction;
(K) When the joint financial transaction is not established between the user terminal of the representative procurement applicant X and the user terminal of the representative procurement applicant Z, the user terminal of the representative procurement applicant Z becomes the representative procurement Fourth accepting means for accepting, via the communication network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the applicant X;
(L) The joint operation request received by the fourth accepting means is transferred to the representative operation applicant Z via at least one of the communication network and the broadcast network via the broadcast server. A second transmitting means for giving an identifier of and transmitting to the user terminal of the representative procurement applicant X;
(M) As a result of the user terminal of the representative procurement applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative procurement applicant Z based on the identifier, the user terminal of the representative procurement applicant X And when the joint bilateral transaction is established between the representative operation applicant Z and the user terminal,
Second receiving means for receiving, via the communication line network or the radio wave, the establishment information of the joint bilateral transaction notified from the user terminal of the representative procurement applicant X or the user terminal of the representative operation applicant Z. ,
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による合同資金調達を希望する複数の調達希望者と、該金融商品による合同資金運用を希望する複数の運用希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の調達希望者にとっての前記合同資金調達であり、且つ、前記複数の運用希望者にとっての前記合同資金運用であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）１以上の調達希望者との前記合同資金調達を希望する調達希望者を調達希望者Ａ、該１以上の調達希望者を調達希望者Ｂとし、
１以上の運用希望者との前記合同資金運用を希望する運用希望者を運用希望者Ｃ、該１以上の運用希望者を運用希望者Ｄとする場合に、
（１）調達希望者Ａの利用者端末が送信した該合同資金調達の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）運用希望者Ｃの利用者端末が送信した該合同資金運用の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同資金調達に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、調達希望者Ｂの利用者端末へ調達希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同資金運用に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｄの利用者端末へ運用希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同資金調達に係る該提携依頼を受信した調達希望者Ｂの利用者端末が、前記識別子を基に調達希望者Ａの利用者端末と通信した結果、調達希望者Ｂの利用者端末と調達希望者Ａの利用者端末との間で前記提携が成立した場合に、調達希望者Ｂの利用者端末又は調達希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同資金運用に係る該提携依頼を受信した運用希望者Ｄの利用者端末が、前記識別子を基に運用希望者Ｃの利用者端末と通信した結果、運用希望者Ｄの利用者端末と運用希望者Ｃの利用者端末との間で前記提携が成立した場合に、運用希望者Ｄの利用者端末又は運用希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）調達希望者Ａの利用者端末と調達希望者Ｂの利用者端末との間の前記通信の結果、該合同資金調達における代表として選出された調達希望者を代表調達希望者Ｘとし、
運用希望者Ｃの利用者端末と運用希望者Ｄの利用者端末との間の前記通信の結果、該合同資金運用における代表として選出された運用希望者を代表運用希望者Ｙとする場合に、
前記合同金融取引を希望する代表調達希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品による前記合同資金調達における総希望調達数量と、
（３）該金融商品における希望調達数値とを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｙの利用者端末が、該資金調達注文を対象に、
（１）前記金融商品による前記合同資金運用における総希望運用数量と、
（２）該金融商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｈ）前記第３受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｉ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）代表運用希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｋ）代表調達希望者Ｘの利用者端末と代表運用希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表運用希望者Ｙの利用者端末が代表調達希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表運用希望者Ｙの識別子を付与して代表調達希望者Ｘの利用者端末へ送信する第２送信手段と、
（ｍ）該合同相対取引要求を受信した代表調達希望者Ｘの利用者端末が、前記識別子を基に代表運用希望者Ｙの利用者端末と通信した結果、代表調達希望者Ｘの利用者端末と代表運用希望者Ｙの利用者端末との間で前記合同相対取引が成立した場合に、
代表調達希望者Ｘの利用者端末又は代表運用希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of users, including a plurality of procurement applicants who desire joint fund procurement by a financial product and a plurality of operation applicants who desire joint fund management by the financial product. A financial transaction server for supporting a joint financial transaction performed by a terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint funding for the plurality of applicants and the joint fund management for the plurality of investment applicants;
(Viii) the desired value in the joint financial transaction is one or more desired values of a price, a discount rate, a premium rate, an interest rate, a yield, an additional yield, and an exchange rate;
(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) A procurement applicant who desires the joint fund procurement with one or more procurement applicants is a procurement applicant A, and the one or more procurement applicants are a procurement applicant B,
In the case where the operation applicant who desires the joint fund management with one or more operation applicants is the operation applicant C and the one or more operation applicants is the operation applicant D,
(1) receiving, via the communication network or the radio wave, an alliance request related to the joint fund procurement alliance transmitted by the user terminal of the procurement applicant A;
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint fund management alliance transmitted by the user terminal of the operation applicant C;
(B) (1) The cooperation request related to the joint fund procurement received by the first receiving unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the procurement applicant B with the identifier of the procurement applicant A,
(2) The cooperation request related to the joint fund management received by the first receiving unit is operated via at least one of the communication network and the broadcast network via the broadcast server. First transmitting means for providing an identifier of the operation applicant C to the user terminal of the applicant D and transmitting the same;
(C) (1) As a result of the user terminal of the procurement applicant B receiving the alliance request relating to the joint fund procurement communicating with the user terminal of the procurement applicant A based on the identifier, the procurement applicant B Is established between the user terminal of the purchaser A and the user terminal of the procurement applicant A, the establishment of the cooperation notified from the user terminal of the purchaser B or the user terminal of the procurement applicant A Receiving information via the communication network or the radio wave,
(2) As a result of the user terminal of the operation applicant D receiving the cooperation request relating to the joint fund operation communicating with the user terminal of the operation applicant C based on the identifier, the user of the operation applicant D When the alliance is established between the terminal and the user terminal of the operation applicant C, the establishment information of the alliance notified from the user terminal of the operation applicant D or the user terminal of the operation applicant C, First receiving means for receiving via the communication line or the radio wave,
(D) As a result of the communication between the user terminal of the procurement applicant A and the user terminal of the procurement applicant B, the procurement applicant selected as a representative in the joint fund procurement is set as a representative procurement applicant X,
As a result of the communication between the user terminal of the operation applicant C and the user terminal of the operation applicant D, when the operation applicant selected as the representative in the joint fund operation is set as the representative operation applicant Y,
The user terminal of the representative procurement applicant X who wants the joint financial transaction is:
(1) the financial product;
(2) the total desired procurement quantity in the joint fund procurement by the financial product;
(3) The desired procurement value of the financial product is
Second receiving means for receiving the financing order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) first storage means for storing the financing order received by the second reception means in the financial product database;
(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
(G) Among the user terminals of the user for whom the funding order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Y who has decided to participate in the joint financial transaction is the user terminal of the funding order. Targeting
(1) the total desired operation amount in the joint fund management by the financial product;
(2) The desired investment value of the financial product is
Third receiving means for receiving the fund management order transmitted by designating the order content including, via the communication network or the radio wave;
(H) second storage means for storing the money management order received by the third reception means in the financial product database;
(I) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) The total desired procurement quantity of the financial product A designated by the user terminal of the representative procurement applicant X is xa, the desired procurement value is XA, and the fund procurement order transmitted by the user terminal is the fund procurement order x. ,
(2) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Y is ya, the desired operation value is YA, and the fund operation order transmitted by the user terminal is a fund operation order y. If you do
Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
(J) when the matching means determines that the equation XA = YA is satisfied, establishes the joint financial transaction between the financing order x and the fund management order y, and sets the amount of the established joint financial transaction First updating means for respectively updating the xa and the ya on the financial product database according to
(K) When the joint financial transaction is not established between the user terminal of the representative procurement applicant X and the user terminal of the representative operation applicant Y, the user terminal of the representative operation applicant Y becomes the representative procurement Fourth accepting means for accepting, via the communication network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the applicant X;
(1) The joint operation request received by the fourth receiving means is transferred to the representative operation applicant Y via any one or more of the communication network and the broadcast network via the broadcast server. A second transmitting means for giving an identifier of and transmitting to the user terminal of the representative procurement applicant X;
(M) As a result of the user terminal of the representative procurement applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative procurement applicant Y based on the identifier, the user terminal of the representative procurement applicant X And when the joint bilateral transaction is established between the representative operation applicant Y and the user terminal,
A second receiving means for receiving, via the communication line network or the radio wave, the establishment information of the joint bilateral transaction notified from the user terminal of the representative procurement applicant X or the user terminal of the representative operation applicant Y. ,
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における売建を希望する売建希望者と、該金融商品における買建を希望する買建希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＦＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＦＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is executed by a plurality of user terminals including users who want to sell in a financial product and who want to buy in the financial product. A financial transaction server for supporting financial transactions,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the selling for the seller and the buying for the buyer;
(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
(A) the user terminal of the seller who desires the financial transaction is
(1) the financial product;
(2) the desired selling quantity of the financial instrument;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the buyer who desires the financial transaction,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase value of the financial instrument is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the selling applicant X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
(2) The financial product designated by the user terminal of purchase applicant Y is financial product B, the desired purchase quantity in financial product B is yb, the desired purchase value in financial product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed in accordance with the amount of the established financial transaction. xa and the yb are respectively updated on the financial product database,
If it is determined by the matching means that the equation XA = YB is not established, the financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
(E) When the financial transaction is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the selling applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to the bilateral transaction of the financial product B transmitted by the user terminal of the buyer Y
(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the financial product A is established between the client terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the financial product B is established between the buyer terminal Y and the user terminal,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
The bilateral transaction relating to the financial product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
(1) An event for exercising the right FR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation FO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における売建を希望する売建希望者と、該金融商品における買建を希望する買建希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＦＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＦＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is executed by a plurality of user terminals including users who want to sell in a financial product and who want to buy in the financial product. A financial transaction server for supporting financial transactions,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial transaction is the selling for the seller and the buying for the buyer;
(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
(A) the user terminal of the seller who desires the financial transaction is
(1) the financial product;
(2) the desired selling quantity of the financial instrument;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the buyer who desires the financial transaction,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase value of the financial instrument is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the selling applicant X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
(2) The financial product designated by the user terminal of purchase applicant Y is financial product B, the desired purchase quantity in financial product B is yb, the desired purchase value in financial product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed in accordance with the amount of the established financial transaction. first updating means for updating xa and yb on the financial product database, respectively;
(E) When the financial transaction is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the selling applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to the bilateral transaction of the financial product B transmitted by the user terminal of the buyer Y
(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the financial product A is established between the client terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the financial product B is established between the buyer terminal Y and the user terminal,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
The bilateral transaction relating to the financial product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
(1) An event for exercising the right FR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation FO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品における売建を希望する売建希望者と、（Ｂ）該金融商品における買建を希望する買建希望者と、（Ｃ）該売建又は該買建の代行を希望する取引代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記取引代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、又は、前記取引代行者による該売建希望者のための該売建であり、
（ｉｘ）該金融取引は、前記買建希望者にとっての前記買建であり、又は、前記取引代行者による該買建希望者のための該買建であり、
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売建希望者又は該売建希望者の該取引代行者にとっての希望売建数値であり、且つ、該買建希望者又は該買建希望者の該取引代行者にとっての希望買建数値であり、
（ａ）前記取引代行者の利用者端末が送信した該取引代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）前記第１受信手段によって受信した該取引代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売建希望者又は前記買建希望者の利用者端末へ該取引代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売建希望者の利用者端末又は、前記売建希望者に選定された前記取引代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末又は、前記買建希望者に選定された前記取引代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第２記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売建希望者Ｘ又は取引代行者Ｘの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗ又は取引代行者Ｗの利用者端末へ売建希望者Ｘ又は取引代行者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖ又は取引代行者Ｖの利用者端末へ買建希望者Ｙ又は取引代行者Ｙの識別子を付与して送信する送信手段と、
（ｊ）（１）相対取引要求αを受信した買建希望者Ｗ又は取引代行者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘ又は取引代行者Ｘの利用者端末と通信した結果、買建希望者Ｗ又は取引代行者Ｗの利用者端末と売建希望者Ｘ又は取引代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗもしくは取引代行者Ｗの利用者端末又は売建希望者Ｘもしくは取引代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖ又は取引代行者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙ又は取引代行者Ｙの利用者端末と通信した結果、売建希望者Ｖ又は取引代行者Ｖの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖもしくは取引代行者Ｖの利用者端末又は買建希望者Ｙもしくは取引代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a buyer who wants to sell in a financial product; (B) a buyer who wants to buy in the financial product; and (C) the buyer. Or a financial transaction server for supporting a financial transaction performed by a plurality of user terminals of the user including a transaction agent who desires the proxy for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials relating to the agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the selling for the seller, or the selling by the agent for the seller;
(Ix) the financial transaction is the purchase for the purchaser or the purchase by the transaction agent for the purchaser;
(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Xi) The desired numerical value is a desired selling numerical value for the trading applicant or the trading agent of the selling applicant, and the trading agent of the buying candidate or the buying candidate. Purchase price for the buyer,
(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the transaction agent transmitted by the user terminal of the transaction agent;
(B) first storage means for storing the self-introduction material relating to the transaction agent received by the first receiving means in the distribution material database;
(C) a user of the specific or unspecified seller or the purchaser via any one or more networks of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material pertaining to the transaction agent to the terminal;
(D) the user terminal of the seller who desires the financial transaction, or the user terminal of the agent acting as the seller selected for the seller,
(1) the financial product;
(2) the desired selling quantity of the financial instrument;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the purchase applicant who desires the financial transaction or the user terminal of the transaction agent selected as the purchase applicant,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase value of the financial instrument is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(E) second storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(F) matching the sell order and the buy order stored by the second storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the selling applicant X or the transaction agent X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
(2) The financial product designated by the user terminal of the purchase applicant Y or the transaction agent Y is financial product B, the desired purchase quantity of the financial product B is yb, the desired purchase value of the financial product B is YB, When the buy order transmitted by the user terminal is a buy order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(G) when it is determined by the matching means that the equation XA = YB holds, the financial transaction is made between the sell order x and the buy order y and xa and the yb are respectively updated on the financial product database,
If it is determined by the matching means that the equation XA = YB is not established, the financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
(H) When the financial transaction is not established between the user terminal of the buyer X or the agent X and the user terminal of the buyer Y or the agent Y,
(1) The relative transaction request α relating to the relative transaction of the financial product A transmitted by the user terminal of the seller X or the agent agent X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the financial instrument B transmitted by the user terminal of the purchase applicant Y or the transaction agent Y; ,
(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or transaction agent W who wishes to acquire the transaction, with the identifier of sale applicant X or transaction agent X attached and transmitted, or
(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning an identifier of the purchase applicant Y or the transaction agent Y to the user terminal of one or more of the buyers V or the agent V who desires
(J) (1) The user terminal of the buyer W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the buyer W or the transaction agent W and the user terminal of the seller X or the transaction agent X,
The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the transaction agent W or the user terminal of the seller X or the transaction agent X is transmitted via the communication network or the radio wave. Received or
(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the seller V or the agent V and the user terminal of the buyer Y or the agent Y,
Information on the establishment of the bilateral transaction notified from the user terminal of the seller V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品における売建を希望する売建希望者と、（Ｂ）該金融商品における買建を希望する買建希望者と、（Ｃ）該売建又は該買建の代行を希望する取引代行者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）前記取引代行者に係る自己紹介資料を格納する配信資料データベースと接続され、
（ｉｉｉ）所定の放送サーバと接続され、
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、又は、前記取引代行者による該売建希望者のための該売建であり、
（ｉｘ）該金融取引は、前記買建希望者にとっての前記買建であり、又は、前記取引代行者による該買建希望者のための該買建であり、
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘｉ）該希望数値は、該売建希望者又は該売建希望者の該取引代行者にとっての希望売建数値であり、且つ、該買建希望者又は該買建希望者の該取引代行者にとっての希望買建数値であり、
（ａ）前記取引代行者の利用者端末が送信した該取引代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｂ）前記第１受信手段によって受信した該取引代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売建希望者又は前記買建希望者の利用者端末へ該取引代行者に係る自己紹介資料を配信する第１配信手段と、
（ｄ）前記金融取引を希望する前記売建希望者の利用者端末又は、前記売建希望者に選定された前記取引代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末又は、前記買建希望者に選定された前記取引代行者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品における希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｅ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第２記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売建希望者Ｘ又は取引代行者Ｘの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗ又は取引代行者Ｗの利用者端末へ売建希望者Ｘ又は取引代行者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖ又は取引代行者Ｖの利用者端末へ買建希望者Ｙ又は取引代行者Ｙの識別子を付与して送信する送信手段と、
（ｊ）（１）相対取引要求αを受信した買建希望者Ｗ又は取引代行者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘ又は取引代行者Ｘの利用者端末と通信した結果、買建希望者Ｗ又は取引代行者Ｗの利用者端末と売建希望者Ｘ又は取引代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗもしくは取引代行者Ｗの利用者端末又は売建希望者Ｘもしくは取引代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖ又は取引代行者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙ又は取引代行者Ｙの利用者端末と通信した結果、売建希望者Ｖ又は取引代行者Ｖの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖもしくは取引代行者Ｖの利用者端末又は買建希望者Ｙもしくは取引代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention comprises: (A) a buyer who wants to sell in a financial product; (B) a buyer who wants to buy in the financial product; and (C) the buyer. Or a financial transaction server for supporting a financial transaction performed by a plurality of user terminals of the user including a transaction agent who desires the proxy for the purchase,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a distribution material database storing self-introduction materials relating to the agent;
(Iii) connected to a predetermined broadcast server,
(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
(Viii) the financial transaction is the selling for the seller, or the selling by the agent for the seller;
(Ix) the financial transaction is the purchase for the purchaser or the purchase by the transaction agent for the purchaser;
(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Xi) The desired numerical value is a desired selling numerical value for the trading applicant or the trading agent of the selling applicant, and the trading agent of the buying candidate or the buying candidate. Purchase price for the buyer,
(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the transaction agent transmitted by the user terminal of the transaction agent;
(B) first storage means for storing the self-introduction material relating to the transaction agent received by the first receiving means in the distribution material database;
(C) a user of the specific or unspecified seller or the purchaser via any one or more networks of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material pertaining to the transaction agent to the terminal;
(D) the user terminal of the seller who desires the financial transaction, or the user terminal of the agent acting as the seller selected for the seller,
(1) the financial product;
(2) the desired selling quantity of the financial instrument;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the purchase applicant who desires the financial transaction or the user terminal of the transaction agent selected as the purchase applicant,
(1) the financial product;
(2) the desired purchase quantity of the financial instrument;
(3) The desired purchase value of the financial instrument is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(E) second storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(F) matching the sell order and the buy order stored by the second storage means on the financial product database as matching targets,
(1) The financial product designated by the user terminal of the selling applicant X or the transaction agent X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
(2) The financial product designated by the user terminal of the purchase applicant Y or the transaction agent Y is financial product B, the desired purchase quantity of the financial product B is yb, the desired purchase value of the financial product B is YB, When the buy order transmitted by the user terminal is a buy order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(G) when it is determined by the matching means that the equation XA = YB is satisfied, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed according to the amount of the financial transaction that has been established. first updating means for updating xa and yb on the financial product database, respectively;
(H) When the financial transaction is not established between the user terminal of the buyer X or the agent X and the user terminal of the buyer Y or the agent Y,
(1) The relative transaction request α relating to the relative transaction of the financial product A transmitted by the user terminal of the seller X or the agent agent X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the financial instrument B transmitted by the user terminal of the purchase applicant Y or the transaction agent Y; ,
(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or transaction agent W who wishes to acquire the transaction, with the identifier of sale applicant X or transaction agent X attached and transmitted, or
(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning an identifier of the purchase applicant Y or the transaction agent Y to the user terminal of one or more of the buyers V or the agent V who desires
(J) (1) The user terminal of the buyer W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the buyer W or the transaction agent W and the user terminal of the seller X or the transaction agent X,
The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the transaction agent W or the user terminal of the seller X or the transaction agent X is transmitted via the communication network or the radio wave. Received or
(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the seller V or the agent V and the user terminal of the buyer Y or the agent Y,
Information on the establishment of the bilateral transaction notified from the user terminal of the seller V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における合同売建を希望する複数の売建希望者と、該金融商品における合同買建を希望する複数の買建希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売建希望者にとっての前記合同売建であり、且つ、前記複数の買建希望者にとっての前記合同買建であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）１以上の売建希望者との前記合同売建を希望する売建希望者を売建希望者Ａ、該１以上の売建希望者を売建希望者Ｂとし、
１以上の買建希望者との前記合同買建を希望する買建希望者を買建希望者Ｃ、該１以上の買建希望者を買建希望者Ｄとする場合に、
（１）売建希望者Ａの利用者端末が送信した該合同売建の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買建希望者Ｃの利用者端末が送信した該合同買建の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同売建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売建希望者Ｂの利用者端末へ売建希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同買建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買建希望者Ｄの利用者端末へ買建希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同売建に係る該提携依頼を受信した売建希望者Ｂの利用者端末が、前記識別子を基に売建希望者Ａの利用者端末と通信した結果、売建希望者Ｂの利用者端末と売建希望者Ａの利用者端末との間で前記提携が成立した場合に、売建希望者Ｂの利用者端末又は売建希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同買建に係る該提携依頼を受信した買建希望者Ｄの利用者端末が、前記識別子を基に買建希望者Ｃの利用者端末と通信した結果、買建希望者Ｄの利用者端末と買建希望者Ｃの利用者端末との間で前記提携が成立した場合に、買建希望者Ｄの利用者端末又は買建希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売建希望者Ａの利用者端末と売建希望者Ｂの利用者端末との間の前記通信の結果、該合同売建における代表として選出された売建希望者を代表売建希望者Ｘとし、
買建希望者Ｃの利用者端末と買建希望者Ｄの利用者端末との間の前記通信の結果、該合同買建における代表として選出された買建希望者を代表買建希望者Ｙとする場合に、
前記合同金融取引を希望する代表売建希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同売建における総希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記合同金融取引を希望する代表買建希望者Ｙの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同買建における総希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）代表買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）代表売建希望者Ｘの利用者端末と代表買建希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、
（１）代表売建希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）代表買建希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買建を希望する１以上の代表買建希望者Ｗの利用者端末へ代表売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売建を希望する１以上の代表売建希望者Ｖの利用者端末へ代表買建希望者Ｙの識別子を付与して送信する第２送信手段と、
（ｊ）（１）合同相対取引要求αを受信した代表買建希望者Ｗの利用者端末が、前記識別子を基に代表売建希望者Ｘの利用者端末と通信した結果、代表買建希望者Ｗの利用者端末と代表売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、
代表買建希望者Ｗの利用者端末又は代表売建希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）合同相対取引要求βを受信した代表売建希望者Ｖの利用者端末が、前記識別子を基に代表買建希望者Ｙの利用者端末と通信した結果、代表売建希望者Ｖの利用者端末と代表買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、
代表売建希望者Ｖの利用者端末又は代表買建希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of short-term buyers who wish to jointly sell financial products and a plurality of users who include a plurality of long-term buyers who wish to jointly buy financial products. A financial transaction server for supporting a joint financial transaction performed by a user terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of short-term buyers and the joint short-term purchase for the plurality of long-term buyers;
(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
(A) A selling applicant who wishes to perform the joint selling with one or more selling applicants is a selling applicant A, and the one or more selling applicants is a selling applicant B,
In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchasing alliance transmitted by the user terminal of the purchase applicant C;
(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the seller B with the identifier of the seller A,
(2) The tie-up request relating to the joint purchase received by the first receiving means is purchased through any one or more of the communication network and the broadcast network via the broadcast server. First transmission means for providing the user terminal of the building applicant D with the identifier of the buying applicant C and transmitting the same;
(C) (1) As a result of communication between the user terminal of the client B and the user terminal of the client A based on the identifier, the user terminal of the client B having received the cooperation request relating to the joint client building, When the above-mentioned alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notice is sent from the user terminal of the seller B or the user terminal of the seller A. Received the establishment information of the alliance, via the communication network or the radio wave,
(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the buyer C and the user terminal of the buyer C, the user terminal of the buyer D or the user terminal of the buyer C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is requested to be a representative seller. Person X
As a result of the communication between the user terminal of the buyer C and the user terminal of the buyer D, the buyer who has been selected as a representative in the joint purchase is referred to as a representative buyer Y. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction is:
(1) the financial product;
(2) the total desired selling quantity of the financial instrument in the joint selling;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the representative buyer Y who wants the joint financial transaction is
(1) the financial product;
(2) the total desired purchase quantity of the financial instrument in the joint purchase;
(3) The desired purchase value of the financial instrument is
Second accepting means for accepting a buy order transmitted by designating order contents including the order via the communication network or the radio wave;
(E) first storage means for storing the sell order and the buy order received by the second receiving means in the financial product database;
(F) matching the sell order and the buy order stored by the first storage means on the financial instrument database as matching targets,
(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. The sell order transmitted by the terminal is referred to as a sell order x,
(2) The financial product designated by the user terminal of the representative buying applicant Y is financial product B, the total desired buying quantity of the financial product B is yb, and the desired buying numerical value of the financial product B is YB. When the buy order sent by the terminal is a buy order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the sell order x and the buy order y, and sets the quantity of the established joint financial transaction Update the xa and the yb on the financial product database in accordance with
When it is determined by the matching means that the equation XA = YB does not hold, the joint financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, First updating means for respectively updating the xa and the yb on the financial instrument database according to the number of the established joint financial transactions;
(H) when the joint financial transaction is not established between the user terminal of the representative buyer X and the user terminal of the representative buyer Y,
(1) A joint relative transaction request α relating to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
(2) third accepting means for accepting, via the communication line network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial instrument B transmitted by the user terminal of the representative buying applicant Y,
(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Attach the identifier of the representative buyer X to the user terminal of one or more representative buyers W wishing to jointly purchase A and send it, or
(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for providing the user terminal of one or more of the representative buyers V who want to sell the terminal to the user terminal with the identifier of the representative buyer Y and transmitting the user terminal;
(J) (1) As a result of the user terminal of the representative buyer W having received the joint relative transaction request α communicating with the user terminal of the representative buyer X based on the identifier, the representative buyer wishes to buy the representative buyer. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buying applicant W or the user terminal of the representative selling applicant X via the communication network or the radio wave, or
(2) As a result of the user terminal of the representative trading applicant V having received the joint bilateral transaction request β communicating with the user terminal of the representative buying applicant Y based on the identifier, the representative selling applicant V When the joint bilateral transaction relating to the financial product B is established between the user terminal and the user terminal of the representative buyer Y,
A second receiving means for receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buyer V or the user terminal of the representative buyer Y via the communication network or the radio wave; And
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における合同売建を希望する複数の売建希望者と、該金融商品における合同買建を希望する複数の買建希望者とを含む利用者の複数の利用者端末が実行する合同金融取引を支援するための金融取引サーバであって、
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、
（ｖｉｉ）該合同金融取引は、前記複数の売建希望者にとっての前記合同売建であり、且つ、前記複数の買建希望者にとっての前記合同買建であり、
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）１以上の売建希望者との前記合同売建を希望する売建希望者を売建希望者Ａ、該１以上の売建希望者を売建希望者Ｂとし、
１以上の買建希望者との前記合同買建を希望する買建希望者を買建希望者Ｃ、該１以上の買建希望者を買建希望者Ｄとする場合に、
（１）売建希望者Ａの利用者端末が送信した該合同売建の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、
（２）買建希望者Ｃの利用者端末が送信した該合同買建の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、
（ｂ）（１）前記第１受付手段によって受け付けた該合同売建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売建希望者Ｂの利用者端末へ売建希望者Ａの識別子を付与して送信し、
（２）前記第１受付手段によって受け付けた該合同買建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買建希望者Ｄの利用者端末へ買建希望者Ｃの識別子を付与して送信する第１送信手段と、
（ｃ）（１）該合同売建に係る該提携依頼を受信した売建希望者Ｂの利用者端末が、前記識別子を基に売建希望者Ａの利用者端末と通信した結果、売建希望者Ｂの利用者端末と売建希望者Ａの利用者端末との間で前記提携が成立した場合に、売建希望者Ｂの利用者端末又は売建希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、
（２）該合同買建に係る該提携依頼を受信した買建希望者Ｄの利用者端末が、前記識別子を基に買建希望者Ｃの利用者端末と通信した結果、買建希望者Ｄの利用者端末と買建希望者Ｃの利用者端末との間で前記提携が成立した場合に、買建希望者Ｄの利用者端末又は買建希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、
（ｄ）売建希望者Ａの利用者端末と売建希望者Ｂの利用者端末との間の前記通信の結果、該合同売建における代表として選出された売建希望者を代表売建希望者Ｘとし、
買建希望者Ｃの利用者端末と買建希望者Ｄの利用者端末との間の前記通信の結果、該合同買建における代表として選出された買建希望者を代表買建希望者Ｙとする場合に、
前記合同金融取引を希望する代表売建希望者Ｘの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同売建における総希望売建数量と、
（３）該金融商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記合同金融取引を希望する代表買建希望者Ｙの利用者端末が、
（１）前記金融商品と、
（２）該金融商品の前記合同買建における総希望買建数量と、
（３）該金融商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｆ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）代表売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）代表買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）代表売建希望者Ｘの利用者端末と代表買建希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、
（１）代表売建希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）代表買建希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買建を希望する１以上の代表買建希望者Ｗの利用者端末へ代表売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売建を希望する１以上の代表売建希望者Ｖの利用者端末へ代表買建希望者Ｙの識別子を付与して送信する第２送信手段と、
（ｊ）（１）合同相対取引要求αを受信した代表買建希望者Ｗの利用者端末が、前記識別子を基に代表売建希望者Ｘの利用者端末と通信した結果、代表買建希望者Ｗの利用者端末と代表売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、
代表買建希望者Ｗの利用者端末又は代表売建希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）合同相対取引要求βを受信した代表売建希望者Ｖの利用者端末が、前記識別子を基に代表買建希望者Ｙの利用者端末と通信した結果、代表売建希望者Ｖの利用者端末と代表買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、
代表売建希望者Ｖの利用者端末又は代表買建希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes a plurality of short-term buyers who wish to jointly sell financial products and a plurality of users who include a plurality of long-term buyers who wish to jointly buy financial products. A financial transaction server for supporting a joint financial transaction performed by a user terminal,
(I) connected to a financial product database that stores data on the joint financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
(Vii) the joint financial transaction is the joint sale for the plurality of short-term buyers and the joint short-term purchase for the plurality of long-term buyers;
(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
(A) A selling applicant who wishes to perform the joint selling with one or more selling applicants is a selling applicant A, and the one or more selling applicants is a selling applicant B,
In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchasing alliance transmitted by the user terminal of the purchase applicant C;
(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the seller B with the identifier of the seller A,
(2) The tie-up request relating to the joint purchase received by the first receiving means is purchased through any one or more of the communication network and the broadcast network via the broadcast server. First transmission means for providing the user terminal of the building applicant D with the identifier of the buying applicant C and transmitting the same;
(C) (1) As a result of communication between the user terminal of the client B and the user terminal of the client A based on the identifier, the user terminal of the client B having received the cooperation request relating to the joint client building, When the above-mentioned alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notice is sent from the user terminal of the seller B or the user terminal of the seller A. Received the establishment information of the alliance, via the communication network or the radio wave,
(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the buyer C and the user terminal of the buyer C, the user terminal of the buyer D or the user terminal of the buyer C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is requested to be a representative seller. Person X
As a result of the communication between the user terminal of the buyer C and the user terminal of the buyer D, the buyer who has been selected as a representative in the joint purchase is referred to as a representative buyer Y. If you do
The user terminal of the representative selling applicant X who wants the joint financial transaction is:
(1) the financial product;
(2) the total desired selling quantity of the financial instrument in the joint selling;
(3) The desired selling value of the financial product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
The user terminal of the representative buyer Y who wants the joint financial transaction is
(1) the financial product;
(2) the total desired purchase quantity of the financial instrument in the joint purchase;
(3) The desired purchase value of the financial instrument is
Second accepting means for accepting a buy order transmitted by designating order contents including the order via the communication network or the radio wave;
(E) first storage means for storing the sell order and the buy order received by the second receiving means in the financial product database;
(F) matching the sell order and the buy order stored by the first storage means on the financial instrument database as matching targets,
(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. The sell order transmitted by the terminal is referred to as a sell order x,
(2) The financial product designated by the user terminal of the representative buying applicant Y is financial product B, the total desired buying quantity of the financial product B is yb, and the desired buying numerical value of the financial product B is YB. When the buy order sent by the terminal is a buy order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the sell order x and the buy order y, and sets the quantity of the established joint financial transaction First updating means for respectively updating the xa and the yb on the financial product database in accordance with
(H) when the joint financial transaction is not established between the user terminal of the representative buyer X and the user terminal of the representative buyer Y,
(1) A joint relative transaction request α relating to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
(2) third accepting means for accepting, via the communication line network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial instrument B transmitted by the user terminal of the representative buying applicant Y,
(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Attach the identifier of the representative buyer X to the user terminal of one or more representative buyers W wishing to jointly purchase A and send it, or
(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for providing the user terminal of one or more of the representative buyers V who want to sell the terminal to the user terminal with the identifier of the representative buyer Y and transmitting the user terminal;
(J) (1) As a result of the user terminal of the representative buyer W having received the joint relative transaction request α communicating with the user terminal of the representative buyer X based on the identifier, the representative buyer wishes to buy the representative buyer. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buying applicant W or the user terminal of the representative selling applicant X via the communication network or the radio wave, or
(2) As a result of the user terminal of the representative trading applicant V having received the joint bilateral transaction request β communicating with the user terminal of the representative buying applicant Y based on the identifier, the representative selling applicant V When the joint bilateral transaction relating to the financial product B is established between the user terminal and the user terminal of the representative buyer Y,
A second receiving means for receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buyer V or the user terminal of the representative buyer Y via the communication network or the radio wave; And
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該金融商品の買入を希望する買入希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、
（ｉｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望売出数量と、
（４）該１つの構成要素における希望売出数値とを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、
（１）前記１つの構成要素における希望買入数量と、
（２）該１つの構成要素における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘの利用者端末が指定した構成要素Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙの利用者端末が指定した構成要素Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で構成要素Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した構成要素Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、構成要素Ａの持高を抱えている前記資金調達者を資金調達者αとし、
構成要素Ａに付随する権利を権利ＡＲとし、構成要素Ａに付随する義務を義務ＡＯとする場合、
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention relates to (A) a sale applicant who wants to sell a financial product, (B) a purchase applicant who wants to buy the financial product, and (C) a financial applicant. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial product is composed of a plurality of components;
(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Ix) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
(X) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) the user terminal of the selling applicant who desires the financial transaction,
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) the desired sale quantity in the one component;
(4) The desired selling numerical value of the one component is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
(1) desired purchase quantity of the one component;
(2) The desired purchase numerical value of the one component is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) The desired selling quantity in the component A designated by the user terminal of the selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is the selling order x,
(2) The desired purchase quantity in the component A designated by the user terminal of the purchase applicant Y is designated as ya, the desired purchase numerical value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. If
Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
(G) when the matching means determines that the equation XA = YA is satisfied, establishes the financial transaction relating to the component A between the selling order x and the buying order y, and completes the financial transaction. First updating means for respectively updating the xa and the ya on the financial instrument database according to the quantity of
(H) When the financial transaction relating to the component A is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request related to a bilateral transaction of the component A, which has specified and transmitted the sales applicant X;
(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
(K) the financial transaction or the bilateral transaction relating to the component A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y,
The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, and the financing unit having the holding amount of the component A is referred to as a financing unit α,
If the rights attached to component A are rights AR and the obligations attached to component A are obligations AO,
(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望売付数量と、
（４）該１つの構成要素における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望買付数量と、
（４）該１つの構成要素における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘの利用者端末が指定した構成要素を構成要素Ａ、構成要素Ａにおける希望売付数量をｘａ、構成要素Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙの利用者端末が指定した構成要素を構成要素Ｂ、構成要素Ｂにおける希望買付数量をｙｂ、構成要素Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
構成要素Ａと構成要素Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ａ又は構成要素Ｂに係る前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘの利用者端末が送信した構成要素Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙの利用者端末が送信した構成要素Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で構成要素Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引が成立し、又は、
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で構成要素Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、構成要素Ａ又は構成要素Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、
構成要素Ａ又は構成要素Ｂに付随する権利を権利ＣＲとし、構成要素Ａ又は構成要素Ｂに付随する義務を義務ＣＯとする場合、
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＣＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＣＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a sales applicant who wants to sell a financial product, (B) a purchase applicant who wants to purchase the financial product, and (C) the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial product is composed of a plurality of components;
(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
(X) the desired numerical value is a desired sales numerical value for the seller, and a desired purchase numerical value for the purchaser;
(A) the user terminal of the seller who wants the financial transaction is
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) the desired selling quantity of the one component;
(4) The desired selling numerical value of the one component is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction,
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) the desired purchase quantity of the one component;
(4) The desired purchase numerical value of the one component is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
(1) The component designated by the user terminal of the sales applicant X is designated as component A, the desired sale quantity in component A is designated as xa, the desired sale value in component A is designated as XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
(2) The component designated by the user terminal of the purchase applicant Y is designated as component B, the desired purchase quantity in component B is designated as yb, the desired purchase value in component B is designated as YB, and the user terminal is When the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the selling order x and the buying order y when the component A and the component B match;
(D) when the matching means determines that the equation XA = YB is satisfied, establishes the financial transaction relating to the component A, that is, the component B, between the selling order x and the buying order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
(E) When the financial transaction relating to the component A or the component B is not established between the user terminal of the seller X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the component A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the component B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The relative transaction request α received by the second receiving means is transmitted to the component A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
(2) Sell the component B via the at least one of the communication line network and the broadcast network via the broadcast server via the one or more of the broadcast networks via the broadcast network. Transmitting means for attaching and transmitting the identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the component A is established between the seller terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the component B is established with the user terminal of the purchase applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
(H) the financial transaction relating to the component A, that is, the component B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
The bilateral transaction relating to the component A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sale applicant V. The bilateral transaction relating to the component B is established between the user Y and the user terminal;
The above-mentioned financing in which the purchaser Y in which the financial transaction or the bilateral transaction has been established is the purchaser Y, the purchaser W is the purchaser W, and the component A or the component B is held. Is the financing provider Z,
When the right attached to the component A or the component B is a right CR, and the obligation attached to the component A or the component B is an obligation CO,
(1) An event for exercising the right CR to the buyer Y, the buyer W, or the funder Z occurs, and the user terminal of the buyer Y or the buyer W or the user terminal of the funder Z. When the information of the event is notified from, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the obligation CO is fulfilled for the buyer Y, the buyer W, or the funder Z, and the user terminal of the buyer Y or the buyer W or the user terminal of the funder Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による資金調達を希望する調達希望者と、該金融商品による資金運用を希望する運用希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、
（ｉｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望調達数量と、
（４）該１つの構成要素における希望調達数値とを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、
（１）前記１つの構成要素における希望運用数量と、
（２）該１つの構成要素における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘの利用者端末が指定した構成要素Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙの利用者端末が指定した構成要素Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で構成要素Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した構成要素Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、
構成要素Ａに付随する権利を権利ＡＲとし、構成要素Ａに付随する義務を義務ＡＯとする場合、
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is a financial transaction executed by a plurality of user terminals of users including a procurement applicant who wants to procure funds by using a financial product and an operation applicant who wants to manage funds using the financial product. A financial transaction server for supporting
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial product is composed of a plurality of components;
(Viii) the financial transaction is the fund procurement for the procurement applicant and the fund management for the investment procurement;
(Ix) The desired value in the financial transaction is one or more desired values among a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
(X) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) the user terminal of the procurement applicant who desires the financial transaction,
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) the desired procurement quantity of the one component;
(4) The desired procurement value of the one component is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the financing order received by the first reception means in the financial product database;
(C) Disclose the funding order to a specific or unspecified user terminal via one or more of the communication network and the broadcast network via the broadcast server. Means to be disclosed;
(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
(1) desired operation quantity of the one component;
(2) The desired operation value of the one component is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) second storage means for storing the money management order received by the second reception means in the financial product database;
(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) The desired procurement quantity of the component A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the fund procurement order transmitted by the user terminal is the fund procurement order x,
(2) When the desired operation quantity in the component A specified by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund management order transmitted by the user terminal is the fund management order y. To
Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
(G) When it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction relating to the component A is established between the financing order x and the fund management order y, and the established financial transaction is performed. First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
(H) When the financial transaction relating to the component A is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y is procured. Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to a bilateral transaction of the component A, which has specified and transmitted the applicant X;
(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
(K) the financial transaction or the bilateral transaction relating to the component A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
If the rights attached to component A are rights AR and the obligations attached to component A are obligations AO,
(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における売建を希望する売建希望者と、該金融商品における買建を希望する買建希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望売建数量と、
（４）該１つの構成要素における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末が、
（１）前記金融商品と、
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、
（３）該１つの構成要素における希望買建数量と、
（４）該１つの構成要素における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘの利用者端末が指定した構成要素を構成要素Ａ、構成要素Ａにおける希望売建数量をｘａ、構成要素Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙの利用者端末が指定した構成要素を構成要素Ｂ、構成要素Ｂにおける希望買建数量をｙｂ、構成要素Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
構成要素Ａと構成要素Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ａ又は構成要素Ｂに係る前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘの利用者端末が送信した構成要素Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙの利用者端末が送信した構成要素Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で構成要素Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引が成立し、又は、
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で構成要素Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、
構成要素Ａ又は構成要素Ｂに付随する権利を権利ＣＲとし、構成要素Ａ又は構成要素Ｂに付随する義務を義務ＣＯとする場合、
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＣＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＣＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is executed by a plurality of user terminals including users who want to sell in a financial product and who want to buy in the financial product. A financial transaction server for supporting financial transactions,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the financial product is composed of a plurality of components;
(Viii) the financial transaction is the selling for the seller and the buying for the buyer;
(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
(X) the desired numerical value is a desired selling numerical value for the selling applicant and a desired buying numerical value for the buying applicant;
(A) the user terminal of the seller who desires the financial transaction is
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) the desired selling quantity of the one component;
(4) The desired selling numerical value of the one component is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the buyer who desires the financial transaction,
(1) the financial product;
(2) one of the plurality of components constituting the financial product;
(3) desired purchase quantity of the one component;
(4) The desired purchase numerical value of the one component is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
(1) The component designated by the user terminal of the seller X is designated as component A, the desired selling quantity in component A is designated as xa, the desired selling value in component A is designated as XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
(2) The component designated by the user terminal of the purchase applicant Y is designated as component B, the desired purchase quantity in component B is designated as yb, the desired purchase value in component B is designated as YB, and the user terminal is If the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the component A and the component B match;
(D) when it is determined by the matching means that the equation XA = YB holds, the financial transaction relating to the component A, that is, the component B, is established between the sell order x and the buy order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
(E) When the financial transaction relating to the component A or the component B is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
(1) accepting, via the communication network or the radio wave, a relative transaction request α related to the relative transaction of the component A transmitted by the user terminal of the seller X, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the component B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The relative transaction request α received by the second receiving means is transmitted to the component A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
(2) Selling the relative transaction request β received by the second receiving means via the at least one of the communication network and the broadcast network via the broadcast server, and selling the component B. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the component A is established between the client terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the component B is established with the user terminal of the buyer Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
(H) the financial transaction relating to the component A, that is, the component B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
The bilateral transaction relating to the component A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the component B is established between the user Y and the user terminal;
Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
When the right attached to the component A or the component B is a right CR, and the obligation attached to the component A or the component B is an obligation CO,
(1) An event for exercising the right CR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation CO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売出を希望する売出希望者と、（Ｂ）該金融商品の買入を希望する買入希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、
（ｉｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望売出数量と、
（４）該１つの合成商品における希望売出数値とを、
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、
（１）前記１つの合成商品における希望買入数量と、
（２）該１つの合成商品における希望買入数値とを、
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売出希望者Ｘの利用者端末が指定した合成商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、
（２）買入希望者Ｙの利用者端末が指定した合成商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で合成商品Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した合成商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、合成商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、
合成商品Ａに付随する権利を権利ＡＲとし、合成商品Ａに付随する義務を義務ＡＯとする場合、
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention relates to (A) a sale applicant who wants to sell a financial product, (B) a purchase applicant who wants to buy the financial product, and (C) a financial applicant. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the plurality of financial products can be synthesized into one synthetic product;
(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Ix) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
(X) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
(A) the user terminal of the selling applicant who desires the financial transaction,
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired sale quantity of the one synthetic product;
(4) The desired sale numerical value of the one synthetic product is
First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
(1) desired purchase quantity of the one synthetic product;
(2) The desired purchase numerical value of the one synthetic product is
Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
(1) Let xa be the desired sale quantity and XA be the desired sale value in the synthetic product A designated by the user terminal of the sale applicant X, and let the sale order transmitted by the user terminal be the sale order x;
(2) Let ya be the desired purchase quantity and YA be the desired purchase numerical value of the synthetic product A specified by the user terminal of the purchase applicant Y, and the purchase order transmitted by the user terminal is the purchase order y. If
Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction relating to the synthetic product A is established between the selling order x and the purchase order y, and the established financial transaction is performed. First updating means for respectively updating the xa and the ya on the financial instrument database according to the quantity of
(H) When the financial transaction relating to the synthetic product A is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y Third accepting means for accepting, via the communication line network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the synthetic product A transmitted by specifying the sales applicant X;
(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
(K) the financial transaction or the bilateral transaction relating to the synthetic product A is established between the user terminal of the seller X and the user terminal of the buyer Y,
The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, and the financing unit having the holding of the synthetic product A is referred to as a financing unit α,
When the rights attached to synthetic product A are rights AR and the obligations attached to synthetic product A are obligations AO,
(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、（Ａ）金融商品の売付を希望する売付希望者と、（Ｂ）該金融商品の買付を希望する買付希望者と、（Ｃ）該金融商品に係る資金調達により該金融商品の持高を抱えている資金調達者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望売付数量と、
（４）該１つの合成商品における希望売付数値とを、
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買付希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望買付数量と、
（４）該１つの合成商品における希望買付数値とを、
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売付希望者Ｘの利用者端末が指定した合成商品を合成商品Ａ、合成商品Ａにおける希望売付数量をｘａ、合成商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、
（２）買付希望者Ｙの利用者端末が指定した合成商品を合成商品Ｂ、合成商品Ｂにおける希望買付数量をｙｂ、合成商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、
合成商品Ａと合成商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ａ又は合成商品Ｂに係る前記金融取引が成立しなかった場合に、
（１）売付希望者Ｘの利用者端末が送信した合成商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買付希望者Ｙの利用者端末が送信した合成商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で合成商品Ａに係る前記相対取引が成立した場合に、
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立した場合に、
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引が成立し、又は、
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で合成商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、合成商品Ａ又は合成商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、
合成商品Ａ又は合成商品Ｂに付随する権利を権利ＳＲとし、合成商品Ａ又は合成商品Ｂに付随する義務を義務ＳＯとする場合、
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＳＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＳＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention includes (A) a sales applicant who wants to sell a financial product, (B) a purchase applicant who wants to purchase the financial product, and (C) the financial product. A financial transaction server for supporting a financial transaction executed by a plurality of user terminals of a user including a fund raiser holding a position of the financial product by financing,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the plurality of financial products can be synthesized into one synthetic product;
(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
(X) the desired numerical value is a desired sales numerical value for the seller, and a desired purchase numerical value for the purchaser;
(A) the user terminal of the seller who wants the financial transaction is
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired selling quantity of the one synthetic product;
(4) The desired selling numerical value of the one synthetic product is
Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the purchase applicant who desires the financial transaction,
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired purchase quantity of the one synthetic product;
(4) The desired purchase numerical value of the one synthetic product is
First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
(1) The synthetic product designated by the user terminal of the sales applicant X is synthetic product A, the desired sales quantity of the synthetic product A is xa, the desired sales value of the synthetic product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
(2) The synthetic product designated by the user terminal of the purchase applicant Y is synthetic product B, the desired purchase quantity of the synthetic product B is yb, the desired purchase numerical value of the synthetic product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the selling order x and the buying order y when the synthesized product A and the synthesized product B match;
(D) when it is determined by the matching means that the equation XA = YB holds, the financial transaction relating to the synthetic product A, that is, the synthetic product B, is established between the selling order x and the buying order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
(E) When the financial transaction relating to the synthetic product A or the synthetic product B is not established between the user terminal of the seller X and the user terminal of the buyer Y,
(1) The relative transaction request α related to the relative transaction of the synthetic product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the synthetic product B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The relative transaction request α received by the second receiving means is transmitted to the composite product A via one or more of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
(2) Selling the synthetic product B via the at least one of the communication network and the broadcast network via the broadcast server, the relative transaction request β received by the second receiving unit. Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the synthetic product A is established between the seller terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the synthetic product B is established with the user terminal of the purchase applicant Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
(H) the financial transaction relating to the synthetic product A, that is, the synthetic product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
The above-mentioned bilateral transaction relating to the synthetic product A is established between the user terminal of the sales applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the seller V. The bilateral transaction relating to the synthetic product B is established with the user terminal of the party Y,
The above-mentioned financing that holds the holding amount of the synthetic product A or the synthetic product B, with the purchaser Y having the financial transaction or the bilateral transaction established as the purchaser Y and the purchaser W as the purchaser W. Is the fundraiser Z,
When the right attached to the synthetic product A or the synthetic product B is the right SR and the obligation attached to the synthetic product A or the synthetic product B is the obligation SO,
(1) An event occurs in which the right SR is exercised for the buyer Y, the buyer W, or the funder Z, and the user terminal of the buyer Y or the buyer W or the user terminal of the funder Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the obligatory SO is fulfilled for the purchaser Y, the purchaser W, or the fund raiser Z, and the user terminal of the buyer Y or the purchaser W or the user terminal of the fund raiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
It is characterized by having .
本発明に係る金融取引サーバは、金融商品による資金調達を希望する調達希望者と、該金融商品による資金運用を希望する運用希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、
（ｉｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望調達数量と、
（４）該１つの合成商品における希望調達数値とを、
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、
（１）前記１つの合成商品における希望運用数量と、
（２）該１つの合成商品における希望運用数値とを、
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）調達希望者Ｘの利用者端末が指定した合成商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、
（２）運用希望者Ｙの利用者端末が指定した合成商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で合成商品Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した合成商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引又は前記相対取引が成立し、
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、
合成商品Ａに付随する権利を権利ＡＲとし、合成商品Ａに付随する義務を義務ＡＯとする場合、
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is a financial transaction executed by a plurality of user terminals of users including a procurement applicant who wants to procure funds by using a financial product and an operation applicant who wants to manage funds using the financial product. A financial transaction server for supporting
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the plurality of financial products can be synthesized into one synthetic product;
(Viii) the financial transaction is the fund procurement for the procurement applicant and the fund management for the investment procurement;
(Ix) The desired value in the financial transaction is one or more desired values among a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
(X) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
(A) the user terminal of the procurement applicant who desires the financial transaction,
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired procurement quantity of the one synthetic product;
(4) The desired procurement value of the one synthetic product is
First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
(B) first storage means for storing the financing order received by the first reception means in the financial product database;
(C) Disclose the funding order to a specific or unspecified user terminal via one or more of the communication network and the broadcast network via the broadcast server. Means to be disclosed;
(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
(1) the desired operation quantity of the one synthetic product;
(2) The desired operation value of the one synthetic product is
Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
(E) second storage means for storing the money management order received by the second reception means in the financial product database;
(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
(1) The desired procurement quantity of the synthesized product A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the financing order transmitted by the user terminal is financing order x.
(2) In the case where the desired operation quantity of the synthetic product A designated by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund operation order transmitted by the user terminal is the fund operation order y. To
Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction relating to the synthetic product A is established between the financing order x and the fund management order y, and the established financial transaction is performed. First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
(H) When the financial transaction relating to the synthetic product A is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y is procured. Third accepting means for accepting, via the communication network or the radio wave, a relative transaction request relating to the relative transaction of the synthetic product A transmitted by specifying the applicant X;
(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
(K) The financial transaction or the bilateral transaction relating to the synthetic product A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
When the rights attached to synthetic product A are rights AR and the obligations attached to synthetic product A are obligations AO,
(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
It is characterized by having .
本発明に係る金融取引サーバは、金融商品における売建を希望する売建希望者と、該金融商品における買建を希望する買建希望者とを含む利用者の複数の利用者端末が実行する金融取引を支援するための金融取引サーバであって、
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、
（ｉｉ）所定の放送サーバと接続され、
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、
（ｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望売建数量と、
（４）該１つの合成商品における希望売建数値とを、
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、
前記金融取引を希望する前記買建希望者の利用者端末が、
（１）前記複数の金融商品と、
（２）該複数の金融商品が合成された１つの合成商品と、
（３）該１つの合成商品における希望買建数量と、
（４）該１つの合成商品における希望買建数値とを、
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、
（１）売建希望者Ｘの利用者端末が指定した合成商品を合成商品Ａ、合成商品Ａにおける希望売建数量をｘａ、合成商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、
（２）買建希望者Ｙの利用者端末が指定した合成商品を合成商品Ｂ、合成商品Ｂにおける希望買建数量をｙｂ、合成商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、
合成商品Ａと合成商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ａ又は合成商品Ｂに係る前記金融取引が成立しなかった場合に、
（１）売建希望者Ｘの利用者端末が送信した合成商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、
（２）買建希望者Ｙの利用者端末が送信した合成商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で合成商品Ａに係る前記相対取引が成立した場合に、
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立した場合に、
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引が成立し、又は、
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で合成商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立し、
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、
合成商品Ａ又は合成商品Ｂに付随する権利を権利ＳＲとし、合成商品Ａ又は合成商品Ｂに付随する義務を義務ＳＯとする場合、
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＳＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＳＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、
具備することを特徴とする。
The financial transaction server according to the present invention is executed by a plurality of user terminals including users who want to sell in a financial product and who want to buy in the financial product. A financial transaction server for supporting financial transactions,
(I) connected to a financial product database that stores data related to the financial transaction;
(Ii) connected to a predetermined broadcast server,
(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
(Vii) the plurality of financial products can be synthesized into one synthetic product;
(Viii) the financial transaction is the selling for the seller and the buying for the buyer;
(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
(X) the desired numerical value is a desired selling numerical value for the selling applicant and a desired buying numerical value for the buying applicant;
(A) the user terminal of the seller who desires the financial transaction is
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired selling quantity of the one synthetic product;
(4) The desired selling numerical value of the one synthetic product is
Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
A user terminal of the buyer who desires the financial transaction,
(1) the plurality of financial products;
(2) one synthetic product in which the plurality of financial products are synthesized;
(3) the desired purchase quantity of the one synthetic product;
(4) The desired purchase numerical value of the one synthetic product is
First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
(1) The synthetic product designated by the user terminal of the selling candidate X is synthetic product A, the desired selling quantity of the synthetic product A is xa, the desired selling numerical value of the synthetic product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
(2) The synthetic product designated by the user terminal of purchase applicant Y is synthetic product B, the desired purchase quantity of synthetic product B is yb, the desired purchase value of synthetic product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the synthetic product A and the synthetic product B match;
(D) when it is determined by the matching means that the equation XA = YB holds, the financial transaction relating to the synthetic product A, that is, the synthetic product B, is established between the sell order x and the buy order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
(E) When the financial transaction relating to the synthetic product A or the synthetic product B is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
(1) accepting, via the communication network or the radio wave, a relative transaction request α related to the relative transaction of the synthetic product A transmitted by the user terminal of the seller X, or
(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the synthetic product B transmitted by the user terminal of the purchase applicant Y;
(F) (1) The relative transaction request α received by the second receiving means is transmitted to the composite product A via one or more of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
(2) The relative transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the synthetic product A is established between the customer terminal and the user terminal of the seller X,
Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the synthetic product B is established between the purchaser Y and the user terminal,
First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
(H) the financial transaction relating to the synthetic product A, that is, the synthetic product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
The bilateral transaction relating to the synthetic product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the synthetic product B is established with the user terminal of the party Y,
Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
When the right attached to the synthetic product A or the synthetic product B is the right SR and the obligation attached to the synthetic product A or the synthetic product B is the obligation SO,
(1) An event for exercising the right SR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation SO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
It is characterized by having .
前記金融取引サーバは、
（Ｉ）前記利用者及びシステム運営者の資金口座番号、資金口座残高を含む情報を格納する決済管理データベースと接続され、
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、
（ｉ）キャッシュフロー、追加証拠金及び余剰証拠金のうち、何れか１つ以上の金銭と、
（ｉｉ）該金銭を支払う支払人と、
（ｉｉｉ）該金銭を受け取る受取人とを、
含む資金決済情報が格納されており、
（ａ）前記資金決済情報を読み出す認識手段と、
（ｂ）前記認識手段によって読み出した該資金決済情報を、前記金銭の前記支払人の利用者端末及び前記金銭の前記受取人の利用者端末へ通知する通知手段と、
（ｃ）該資金決済情報に基づいて、該支払人の資金口座から前記システム運営者の資金口座への該金銭の移転及び、該システム運営者の資金口座から該受取人の資金口座への該金銭の移転を実行し、少なくとも該支払人の資金口座番号の資金口座残高及び該受取人の資金口座番号の資金口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、
更に具備することを特徴とする。
The financial transaction server,
(I) connected to a settlement management database storing information including the fund account numbers and the fund account balances of the user and the system operator;
(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
(I) at least one of cash flow, additional margin and surplus margin,
(Ii) a payer who pays the money;
(Iii) the receiver of the money;
Including the payment information,
(A) recognition means for reading the fund settlement information;
(B) notification means for notifying the fund settlement information read by the recognition means to a user terminal of the payer of the money and a user terminal of the beneficiary of the money;
(C) transferring the money from the payer's fund account to the system operator's fund account and transferring the money from the system operator's fund account to the payee's fund account based on the fund settlement information. Second updating means for executing money transfer and updating at least the fund account balance of the payer's fund account number and the fund account balance of the payee's fund account number on the settlement management database,
It is further characterized by comprising:
前記金融取引サーバは、
（Ｉ）前記利用者の資金口座番号、資金口座残高を含む情報を格納する決済管理データベースと接続され、
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、
（ｉ）キャッシュフロー、追加証拠金及び余剰証拠金のうち、何れか１つ以上の金銭と、
（ｉｉ）該金銭を支払う支払人と、
（ｉｉｉ）該金銭を受け取る受取人とを、
含む資金決済情報が格納されており、
（ａ）前記資金決済情報を読み出す認識手段と、
（ｂ）前記認識手段によって読み出した該資金決済情報を、前記金銭の前記支払人の利用者端末及び前記金銭の前記受取人の利用者端末へ通知する通知手段と、
（ｃ）該資金決済情報に基づいて、該支払人の資金口座から該受取人の資金口座への該金銭の移転を実行し、該支払人の資金口座番号の資金口座残高及び該受取人の資金口座番号の資金口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、
更に具備することを特徴とする。
The financial transaction server,
(I) connected to a payment management database storing information including the user's fund account number and the fund account balance;
(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
(I) at least one of cash flow, additional margin and surplus margin,
(Ii) a payer who pays the money;
(Iii) the receiver of the money;
Including the payment information,
(A) recognition means for reading the fund settlement information;
(B) notification means for notifying the fund settlement information read by the recognition means to a user terminal of the payer of the money and a user terminal of the beneficiary of the money;
(C) executing the transfer of the money from the payer's fund account to the payee's fund account based on the fund settlement information, and executing the transfer of the payer's fund account number and the payee's fund account number; Second updating means for respectively updating the fund account balance of the fund account number on the settlement management database;
It is further characterized by comprising:
前記金融取引サーバは、
（Ｉ）前記利用者及びシステム運営者の証券口座番号、証券口座残高を含む情報を格納する決済管理データベースと接続され、
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、
（ｉ）対象商品である有価証券と、
（ｉｉ）該有価証券を譲渡する譲渡人と、
（ｉｉｉ）該有価証券を譲り受ける譲受人とを、
含む証券決済情報が格納されており、
（ａ）前記証券決済情報を読み出す認識手段と、
（ｂ）前記認識手段によって読み出した該証券決済情報を、前記有価証券の前記譲渡人の利用者端末及び前記有価証券の前記譲受人の利用者端末へ通知する通知手段と、
（ｃ）該証券決済情報に基づいて、該譲渡人の証券口座から前記システム運営者の証券口座への該有価証券の移転及び、該システム運営者の証券口座から該譲受人の証券口座への該有価証券の移転を実行し、少なくとも該譲渡人の証券口座番号の証券口座残高及び該譲受人の証券口座番号の証券口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、
更に具備することを特徴とする。
The financial transaction server,
(I) connected to a settlement management database that stores information including the securities account numbers and securities account balances of the user and the system operator;
(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
(I) securities that are the target products;
(Ii) a transferor transferring the securities;
(Iii) a transferee who receives the securities;
Security settlement information is stored,
(A) recognition means for reading the securities settlement information;
(B) notification means for notifying the securities settlement information read by the recognition means to a user terminal of the transferor of the securities and a user terminal of the transferee of the securities;
(C) transferring the securities from the transferor's securities account to the system operator's securities account and transferring the securities from the system operator's securities account to the transferee's securities account based on the securities settlement information. Second updating means for executing the transfer of the securities and updating at least the securities account balance of the transferor's securities account number and the securities account balance of the transferee's securities account number on the settlement management database. ,
It is further characterized by comprising:
前記金融取引サーバは、The financial transaction server,
（Ｉ）前記利用者の証券口座番号、証券口座残高を含む情報を格納する決済管理データベースと接続され、(I) connected to a payment management database storing information including the user's securities account number and securities account balance;
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
（ｉ）対象商品である有価証券と、(I) securities that are the target products;
（ｉｉ）該有価証券を譲渡する譲渡人と、(Ii) a transferor transferring the securities;
（ｉｉｉ）該有価証券を譲り受ける譲受人とを、(Iii) a transferee who receives the securities;
含む証券決済情報が格納されており、Security settlement information, including
（ａ）前記証券決済情報を読み出す認識手段と、(A) recognition means for reading the securities settlement information;
（ｂ）前記認識手段によって読み出した該証券決済情報を、前記有価証券の前記譲渡人の利用者端末及び前記有価証券の前記譲受人の利用者端末へ通知する通知手段と、(B) notification means for notifying the security settlement information read by the recognition means to a user terminal of the transferor of the securities and a user terminal of the transferee of the securities;
（ｃ）該証券決済情報に基づいて、該譲渡人の証券口座から該譲受人の証券口座への該有価証券の移転を実行し、該譲渡人の証券口座番号の証券口座残高及び該譲受人の証券口座番号の証券口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、(C) executing the transfer of the securities from the transferor's securities account to the transferee's securities account based on the securities settlement information, the transferor's securities account number of the transferor's securities account number, and the transferee's Second updating means for respectively updating the securities account balances of the securities account numbers on the settlement management database,
更に具備することを特徴とする。It is further characterized by comprising:
前記金融取引サーバは、The financial transaction server,
（ｉ）資金運用の判断材料の提供を希望する運用参考資料提供者が作成する運用参考資料と、(I) operation reference materials prepared by an operation reference material provider who wishes to provide financial management judgment materials;
（ｉｉ）資金調達の判断材料の提供を希望する調達提案資料提供者が作成する調達提案資料と、(Ii) Procurement proposal materials prepared by a procurement proposal material provider who wishes to provide financing decision materials;
（ｉｉｉ）資金取引の判断材料の提供を希望する取引提案資料提供者が作成する取引提案資料と、(Iii) Transaction proposal materials prepared by a transaction proposal material provider who wishes to provide financial transaction judgment materials;
（ｉｖ）資金運用の評価を希望する運用評価者が作成する該運用評価者に係る自己紹介資料と、(Iv) self-introduction materials pertaining to the investment evaluator created by the investment evaluator who wishes to evaluate fund management;
（ｖ）資金調達の評価を希望する調達評価者が作成する該調達評価者に係る自己紹介資料と、(V) self-introduction materials pertaining to the procurement evaluator prepared by the procurement evaluator who wishes to evaluate funding;
（ｖｉ）資金取引の評価を希望する取引評価者が作成する該取引評価者に係る自己紹介資料とのうち、(Vi) out of self-introduction materials pertaining to the transaction evaluator prepared by the transaction evaluator who wishes to evaluate the fund transaction,
何れか１つ以上の資料を格納する配信資料データベースと接続され、Connected to a distribution material database that stores any one or more materials,
（ａ）（１）前記運用参考資料提供者の利用者端末が送信した前記運用参考資料を、(A) (1) The operation reference material transmitted by the user terminal of the operation reference material provider is
（２）前記調達提案資料提供者の利用者端末が送信した前記調達提案資料を、(2) The procurement proposal document transmitted by the user terminal of the procurement proposal document provider is
（３）前記取引提案資料提供者の利用者端末が送信した前記取引提案資料を、(3) The transaction proposal document transmitted by the user terminal of the transaction proposal document provider,
（４）前記運用評価者の利用者端末が送信した該運用評価者に係る自己紹介資料を、(4) The self-introduction material pertaining to the operation evaluator transmitted by the user terminal of the operation evaluator,
（５）前記調達評価者の利用者端末が送信した該調達評価者に係る自己紹介資料を、又は、(5) the self-introduction material pertaining to the procurement evaluator transmitted by the user terminal of the procurement evaluator, or
（６）前記取引評価者の利用者端末が送信した該取引評価者に係る自己紹介資料を、(6) The self-introduction material pertaining to the transaction evaluator transmitted by the user terminal of the transaction evaluator,
前記通信回線網又は前記電波を介して受信する第３受信手段と、Third receiving means for receiving via the communication network or the radio wave,
（ｂ）前記第３受信手段によって受信した（１）該運用参考資料、（２）該調達提案資料、（３）該取引提案資料、（４）該運用評価者に係る自己紹介資料、（５）該調達評価者に係る自己紹介資料、又は（６）該取引評価者に係る自己紹介資料を、前記配信資料データベースに格納する第４記憶手段と、(B) the operation reference material, (2) the procurement proposal material, (3) the transaction proposal material, (4) self-introduction material related to the operation evaluator, received by the third receiving means, (5) A) fourth storage means for storing the self-introduction material relating to the procurement evaluator or (6) the self-introduction material relating to the transaction evaluator in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、(C) via any one or more of the communication network and the broadcast network via the broadcast server,
（１）特定もしくは不特定の前記売出希望者、前記買入希望者、前記売付希望者、前記買付希望者、前記運用希望者、前記売出代行者もしくは前記運用代行者の利用者端末へ、該運用参考資料もしくは該運用評価者に係る自己紹介資料を配信し、(1) To a specific or unspecified user who wishes to sell, the person who wants to buy, the person who wants to sell, the person who wants to purchase, the person who wants to operate, the agent for selling, or the user terminal of the agent for selling Distribute the operation reference materials or self-introduction materials related to the operation evaluator
（２）特定もしくは不特定の前記調達希望者もしくは前記調達代行者の利用者端末へ、該調達提案資料もしくは該調達評価者に係る自己紹介資料を配信し、又は、(2) Distribute the procurement proposal material or the self-introduction material related to the procurement evaluator to the user terminal of the specified or unspecified procurement applicant or the procurement agent, or
（３）特定もしくは不特定の前記売建希望者、前記買建希望者もしくは前記取引代行者の利用者端末へ、該取引提案資料もしくは該取引評価者に係る自己紹介資料を配信する第２配信手段とを、(3) A second distribution for distributing the transaction proposal material or the self-introduction material relating to the transaction evaluator to the user terminal of the specific or unspecified seller, the buyer, or the transaction agent. Means and
更に具備することを特徴とする。It is further characterized by comprising:
前記金融取引サーバによる前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引の対象商品は、貸付債権、債券、株式及びコマーシャル・ペーパーのうち、何れか１つ以上の資金運用商品であることを特徴とする。The financial transaction by the financial transaction server, the joint financial transaction, the counterparty or the target product of the joint counterparty, loan receivables, bonds, stocks and commercial paper, at least one of the fund management products There is a feature.
前記金融取引サーバによる前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引の対象商品は、借入債務、債券、株式及びコマーシャル・ペーパーのうち、何れか１つ以上の資金調達商品であることを特徴とする。The financial transaction by the financial transaction server, the joint financial transaction, the counterparty or the target product of the joint counterparty, debt, bonds, stocks, and commercial paper, any one or more of the financing products There is a feature.
前記金融取引サーバによる前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引の対象商品は、外国為替商品、金利派生商品、株式派生商品、複合派生商品、先渡商品、先物商品、オプション商品及びスワップ商品のうち、何れか１つ以上の資金取引商品であることを特徴とする。The financial transaction by the financial transaction server, the joint financial transaction, the target product of the bilateral transaction or the joint bilateral transaction is a foreign exchange product, interest rate derivative product, stock derivative product, compound derivative product, forward product, futures product, It is characterized in that it is one or more fund transaction products among option products and swap products.
前記金融取引サーバは、前記金融商品データベースが１つ以上のデータベースを備えたことを特徴とする。In the financial transaction server, the financial product database includes one or more databases.
前記金融取引サーバは、前記配信資料データベースが１つ以上のデータベースを備えたことを特徴とする。The financial transaction server is characterized in that the distribution material database includes one or more databases.
前記金融取引サーバは、前記決済管理データベースが１つ以上のデータベースを備えたことを特徴とする。In the financial transaction server, the settlement management database includes one or more databases.
前記金融取引サーバは、（ａ）１台以上のコンピュータを備え、（ｂ）前記各手段が、該１台以上のコンピュータの何れかに備えられたことを特徴とする。The financial transaction server is characterized in that (a) one or more computers are provided, and (b) each means is provided in any one of the one or more computers.
実施の形態１．
以下、図面に基づいて本発明の実施の形態１を詳細に説明する。但し本発明は、顧客の金融取引需要を、直接的に又は代行者を通じてマッチさせるためのサーバ・コンピュータにあり、そのための手法並びにその対象となる金融商品は、本実施の形態で説明する手法並びに本実施の形態で挙げる商品に限定されるものではない。
さて本実施の形態では、伝統的な銀行や伝統的な証券会社などによる仲介を排除した金融取引を、取引形態別に以下のように分類している。
（ａ）資金調達者主導の一般的な資金調達
（ｂ）資金運用者主導の資金調達
（ｃ）流通市場における一般的な資金運用即ち売買
（ｄ）流通市場における資金運用の一形態である売出
（ｅ）外国為替取引及び金融派生商品取引を含む資金取引
Embodiment 1 FIG.
Hereinafter, Embodiment 1 of the present invention will be described in detail with reference to the drawings. However, the present invention is a financial transaction demand customers, directly or server computer for matching through agent, the method and instruments to be the subject for the method described in this embodiment and it is not intended to be limited to products mentioned in this embodiment.
In the present embodiment, financial transactions without intermediaries by traditional banks and traditional securities companies are classified as follows according to transaction types.
(A) General financing led by financiers (b) Fund financing led by fund managers (c) General financing or trading in secondary markets (d) Selling which is a form of financing in secondary markets (E) Funds transactions including foreign exchange transactions and financial derivative transactions
図１及び図２は、本実施の形態における最終資金運用者と最終資金調達者との間の取引を示した図である。最初に、最終資金調達者や調達代行者が資金調達の概要をスクリーン上で発表してから、最終資金運用者や運用代行者が当該資金調達に参加する形態を説明する。
まず、本システムの運営者１は、当該サービスを利用したい最終資金運用者２、運用代行者３、運用評価者４、運用参考資料提供者５、最終資金調達者６、調達代行者７、調達評価者８、調達提案資料提供者９を特定し、スクリーン上に融資１０、債券１１、株式１２、コマーシャル・ペーパー１３などの資金調達商品別のセクションを設ける。当該サービスの利用者は、資料の授受や連絡・相談、市場取引、取引照合、契約書の調印、決済などを本システム上で行うことができる。
FIG. 1 and FIG. 2 are diagrams showing a transaction between a final fund manager and a final fund provider in the present embodiment . First, a description will be given of a form in which a final fund raiser or a transfer agent presents an outline of fund raising on a screen, and then the final fund manager or a transfer agent participates in the fund raising.
First, the operator 1 of the present system wants to use the service, the final fund manager 2, the operation agent 3, the operation evaluator 4, the operation reference material provider 5, the final fund procurer 6, the procurement agent 7, The evaluator 8 and the procurement proposal material provider 9 are specified, and sections on the screen are provided for each financing product such as a loan 10, a bond 11, a stock 12, a commercial paper 13, and the like. The user of this service can perform the exchange of materials, communication / consultation, market transactions, transaction matching, signing of contracts, settlement, etc. on this system.
次に、運用参考資料提供者５は、テキストや電子文書フォーマットなどの形態を用いて、最終資金運用者２と運用代行者３に運用参考資料をリアルタイムに送付し始める。一方、調達提案資料提供者９も、テキストや電子文書フォーマットなどの形態を用いて、最終資金調達者６と調達代行者７に調達提案資料をリアルタイムに送付し始める。同時に運営者１は、各種資金調達商品の現在の相場水準、取引数量及びそれらの推移を、商品別のセクションでリアルタイムに表示し始める。これらの各種資料や市場実勢の数値を基に、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７は金利や株式の相場水準を把握し、市場取引に参加するタイミングを窺う。
尚、本実施例でいう相場水準とは、他の資金調達案件の確定条件や仮条件、売出案件の確定条件や仮条件、また、各種金融商品の約定値や気配値、理論値などを指し、本実施例以外の金融取引システムや銀行、証券会社が提供する相場水準を含む。
Next, the management reference material provider 5 starts sending the management reference material to the final fund manager 2 and the management agent 3 in real time using a format such as text or an electronic document format. On the other hand, the procurement proposal material provider 9 also starts sending the procurement proposal material to the final fundraising person 6 and the procurement agent 7 in real time using a format such as text or an electronic document format. At the same time, the operator 1 starts to display the current market level, transaction volume, and their transition of various financing products in a product-specific section in real time. Based on these various materials and the actual market values, the final fund manager 2, investment manager 3, final funder 6, and funding agent 7 grasp interest rates and stock market levels and participate in market transactions. Look at the timing.
The market level referred to in this embodiment refers to the fixed and provisional conditions of other financing projects, the fixed and provisional conditions of sales projects, and the contracted, quoted, and theoretical values of various financial products. And market levels provided by financial transaction systems other than the present embodiment , banks and securities companies.
最終資金運用者２もしくは最終資金調達者６は、運営者１などが提供するデータベースに記されたプロフィールや評価料体系のデータなどを基に、運用評価者４もしくは調達評価者８を選定する。
次に、最終資金運用者２より選定された運用評価者４は、『過去の運用実績』や『他の運用代行者との比較データ』、『市場指数の推移と運用実績との比較データ』、『運用代行料の体系』などを基に、最終資金運用者２の運用方針・運用目標に合致した運用代行者３を当該最終資金運用者２に紹介する。運用評価者４は、上記データをデータベース化し、最終資金運用者２が自ら検索できるよう、これを本システム経由提供することができる。
同様に、最終資金調達者６より選定された調達評価者８は、『過去の調達実績』や『他の調達代行者との比較データ』、『市場指数の推移と調達実績との比較データ』、『調達代行料の体系』などを基に、最終資金調達者６の調達方針・調達目標に合致した調達代行者７を当該最終資金調達者６に紹介する。調達評価者８は、上記データをデータベース化し、最終資金調達者６が自ら検索できるよう、これを本システム経由提供することができる。
最終資金運用者２もしくは最終資金調達者６に提供する各種データを評価者が作成しやすいよう、最終資金運用者２もしくは最終資金調達者６は、自己の取引を委託した代行者に対し、運用もしくは調達の実績をリアルタイムに評価者へ報告させる。尚、最終資金運用者２もしくは最終資金調達者６は、単独で取引に参加する場合においても、その運用もしくは調達の評価を、運用評価者４もしくは調達評価者８に要請することができる。また評価者は、ソフトウェアなど、その運用もしくは調達の評価を行うためのツールを、最終資金運用者２もしくは最終資金調達者６へ本システム経由提供することができる。
The final fund manager 2 or the final fund raiser 6 selects the operation evaluator 4 or the procurement evaluator 8 based on the profile or the data of the evaluation fee system written in the database provided by the operator 1 or the like.
Next, the investment evaluator 4 selected from the final fund manager 2 includes “past operation results”, “comparison data with other investment agents”, and “comparison data between changes in market indices and investment results”. The agent 3 that matches the management policy and the management objective of the final fund manager 2 is introduced to the final fund manager 2 based on the “system of management fee”. The operation evaluator 4 can make the above data into a database and provide it through the present system so that the final fund manager 2 can search by himself.
Similarly, the procurement evaluator 8 selected from the final fund procurement unit 6 includes “past procurement results”, “comparison data with other procurement agents”, and “comparison data between changes in market indices and procurement results”. The procurement agent 7 that matches the procurement policy and the procurement target of the final fund procurement person 6 is introduced to the final fund procurement person 6 based on “Procurement Agency Fee System”. The procurement evaluator 8 can make the above-mentioned data into a database and provide it via the present system so that the final fund procurer 6 can search by himself.
In order for the evaluator to easily create various data provided to the final fund manager 2 or the final fund raiser 6, the final fund manager 2 or the final fund raiser 6 manages the Or let the evaluator report the procurement results in real time. The final fund manager 2 or the final fund raiser 6 can request the operation evaluator 4 or the procurement evaluator 8 to evaluate the operation or procurement even when participating alone in the transaction. Further, the evaluator can provide a tool for evaluating the operation or procurement of the software or the like to the final fund manager 2 or the final fund raiser 6 via the present system.
次に、評価者から代行者の紹介を受けた最終資金運用者２と最終資金調達者６は、その紹介された代行者に取引を一任するか、又は代行者からは助言のみを提供されて単独で取引に参加するかどうかを決定する。この時点で、市場取引に参加する当事者、即ち、最終資金運用者２、最終資金運用者２を代表する運用代行者３、最終資金調達者６、最終資金調達者６を代表する調達代行者７が出揃うことになる。
最終資金運用者２が運用代行者３と締結する代行契約は、特定の運用を対象としてもよいし、運用委託金額を定めて、代行契約期間内の全ての運用を委託してもよい。また、最終資金運用者２は複数の運用代行者３を指名でき、運用代行者３は、複数の最終資金運用者２から取引の代行を受託できる。運用代行者３は、運用方針や運用目標が一致する最終資金運用者２の運用需要を束ねてプールし、当該プール別に資金運用を代行できる。また、運用代行者３は、国内外の信託勘定や各種ファンドを使用して、最終資金運用者２より受託する運用資金を、自己の信用リスクから切り離すことができる。
同様に、最終資金調達者６が調達代行者７と締結する代行契約は、特定の調達を対象としてもよいし、調達委託金額を定めて、代行契約期間内の全ての調達を委託してもよい。また、最終資金調達者６は複数の調達代行者７を指名でき、調達代行者７は、複数の最終資金調達者６から取引の代行を受託できる。調達代行者７は、調達方針や調達目標が一致する最終資金調達者６の調達需要を束ねて、又は信用力や業績見通しなどが近い最終資金調達者６の調達需要を束ねてプールし、当該プール別に資金調達を代行できる。
最終資金運用者２と最終資金調達者６との間の利益相反に鑑み、原則として、ある特定の代行者が最終資金運用者２と最終資金調達者６の双方から市場取引を受託することはない。
尚、最終資金運用者２は、運用評価者４や運用代行者３を利用することなく取引に直接参加することができ、同様に最終資金調達者６は、調達評価者８や調達代行者７を利用することなく取引に直接参加することが可能である。また、本システムの運営者１は、最終資金運用者２や最終資金調達者６が評価者を経由することなく代行者を選定できるよう、代行者のプロフィールや代行料体系を格納したデータベースなどを最終資金運用者２や最終資金調達者６へ提供することがある。
Next, the final fund manager 2 and the final fund raiser 6 who have been referred to the agent by the evaluator either leave the transaction to the introduced agent, or receive only advice from the agent. Decide whether to participate in the deal alone. At this point, the parties participating in the market transaction, namely, the final fund manager 2, the investment agent 3 representing the final fund manager 2, the final fund raiser 6, and the procurement agent 7 representing the final fund raiser 6 Will be available.
The agency contract concluded by the final fund manager 2 with the investment agent 3 may be for a specific operation, or may be an investment consignment amount and entrust all operations within the agent contract period. Further, the final fund manager 2 can appoint a plurality of managers 3 and the manager 3 can receive a transfer of a transaction from the plurality of managers 2. The management agent 3 can collect and pool the management demands of the final fund managers 2 whose management policies and management goals match, and can manage funds for each pool. Further, the investment agent 3 can use the trust accounts in Japan and overseas and various funds to separate the investment funds received from the final fund manager 2 from its own credit risk.
Similarly, the agency contract concluded by the final funder 6 with the agent 7 may be for specific procurement, or the amount of entrusted procurement may be determined, and all the procurement within the agent contract period may be entrusted. Good. In addition, the final fund raiser 6 can designate a plurality of procurement agents 7, and the procurement agent 7 can receive a proxy for a transaction from the plurality of final fund raisers 6. The procurement agent 7 bundles and pools the procurement demands of the final funders 6 whose procurement policies and procurement targets match, or the procurement demands of the final funders 6 whose creditworthiness and performance prospects are close. We can raise funds for each pool.
In view of the conflict of interest between the final fund manager 2 and the final funder 6, in principle, it is not possible for a particular agent to accept market transactions from both the final fund manager 2 and the final funder 6. Absent.
Incidentally, the final fund manager 2 can directly participate in the transaction without using the investment evaluator 4 or the investment agent 3, and similarly, the final fund raiser 6 can It is possible to directly participate in the transaction without using. In addition, the operator 1 of the system prepares a database or the like storing the profile of the agent and the agent fee system so that the final fund manager 2 and the final funder 6 can select the agent without going through the evaluator. It may be provided to the final fund manager 2 or the final fund raiser 6.
次に、最終資金運用者２もしくは運用代行者３は運営者１へと運用資金又は証拠金を振り込み、運営者１はそれを最終資金運用者２別もしくは運用代行者３別の口座に保管する。最終資金調達者６もしくは調達代行者７も、払込金を受け取るために、また資金調達成立後、果実や元本を最終資金運用者２もしくは運用代行者３へ支払うために、口座を本システム上に開設する。 Next, the final fund manager 2 or the agent 3 transfers the operating fund or margin to the operator 1, and the operator 1 stores it in an account for the final fund manager 2 or another account. . The final fundraising party 6 or the procurement agent 7 also sets up an account on the system in order to receive the paid-in funds and to pay fruits and principal to the final fund manager 2 or the surrogate agent 3 after the funding is established. Established in
次に、調達を決定した最終資金調達者６、もしくはその委託先である調達代行者７は、相場変動のタイミングを見計らって、調達額や発行株数、年限、担保や保証人の有無、資金使途など、実施したい資金調達の概要を運営者１に伝える。そして運営者１は、これを対象となる全ての最終資金運用者２及び運用代行者３に開示し、最終資金調達者６もしくは調達代行者７が希望する価格・割引率・割増率や利率・利回り・上乗せ利回り、外国為替レートの上下限などを、仮条件としてスクリーンに掲載する。 Next, the final financing party 6 who has decided to procure, or the procurement agent 7 that is the consignee, evaluates the amount of the procurement, the number of shares issued, the term, the presence or absence of collateral and guarantor, Inform the operator 1 of the outline of the financing to be implemented. Then, the operator 1 discloses this to all the final fund managers 2 and the agent 3 who are the target, and the price, discount rate, surcharge rate, interest rate, Yields, additional yields, and the upper and lower limits of foreign exchange rates are posted on the screen as provisional conditions.
次に、最終資金運用者２、もしくはその委託先である運用代行者３は、この調達概要並びにその仮条件に興味を覚えた場合、仮条件を参考に指値注文（取引数量、特定の価格・割引率・割増率や利率・利回り・上乗せ利回り、外国為替レートなどを指定）もしくは成行注文（取引数量を指定、条件は不指定）を運営者１へ送信する。運営者１は本システムのマッチング機能を利用して、成行注文、より最終資金調達者６寄りの仮条件に対する指値注文、より提出時期が早い注文を優先して、最終資金運用者２もしくは運用代行者３へ金額や株数を自動的に割り振っていく。このリアルタイムのマッチング作業の結果、調達額や発行株数が当初予定されていた数値に満たなかった場合、最終資金調達者６もしくは調達代行者７が、約定された金額や株数で妥協する場合にはこれで調達を終了する。妥協しない場合には、仮条件を若干最終資金運用者２寄りにシフトし、再度最終資金運用者２もしくは運用代行者３から指値注文や成行注文を募る。
尚、最終資金調達者６もしくは調達代行者７は、資金調達に際し作成した目論見書を電子文書フォーマットなどの形態で、最終資金運用者２もしくは運用代行者３へ交付できる。
Next, when the final fund manager 2 or the agent 3 who is the trustee thereof is interested in the outline of the procurement and the provisional conditions, the limit order (trading volume, specific price / A discount rate / surcharge rate, an interest rate / yield / additional yield, a foreign exchange rate, etc. are specified) or a market order (specifying a transaction quantity, conditions are not specified) is transmitted to the operator 1. The operator 1 uses the matching function of this system to give priority to a market order, a limit order for provisional conditions closer to the final financing unit 6 and an order that is submitted earlier, and the final fund manager 2 or an operation agency. The amount and the number of shares are automatically allocated to the third party. As a result of this real-time matching work, if the amount raised or the number of shares issued does not reach the originally planned figures, if the final fundraising agent 6 or the agent 7 This ends the procurement. If no compromise is made, the provisional conditions are slightly shifted toward the final fund manager 2, and limit orders and market orders are again sought from the final fund manager 2 or the investment agent 3.
In addition, the final fund raiser 6 or the procurement agent 7 can issue the prospectus prepared at the time of fund procurement to the final fund manager 2 or the agent 3 in the form of an electronic document format or the like.
運営者１は、運用方針や運用目標が一致する最終資金運用者２もしくは運用代行者３を募り、それら複数の最終資金運用者２や運用代行者３による同時合同運用を運営できる。これらの同時合同運用は、特定の複数の最終資金運用者２もしくは運用代行者３からの要請に応じて、運営者１が実施する場合もある。また、同時合同運用は、特定の資金調達商品に対する運用を対象にしてもよいし、特定された期間内の全ての資金調達商品に対する運用を対象にしてもよい。 The operator 1 can recruit the final fund manager 2 or the investment agent 3 having the same management policy and management target, and can manage the simultaneous joint operation by the plurality of final fund managers 2 and the agent 3. These simultaneous joint operations may be performed by the operator 1 in response to a request from a specific plurality of final fund managers 2 or the agent 3. Simultaneous joint management may be directed to operation for a specific financing product, or may be directed to operation for all financing products within a specified period.
運営者１は、調達方針や調達目標が一致する最終資金調達者６もしくは調達代行者７を募り、それら複数の最終資金調達者６や調達代行者７による同時合同調達を運営できる。これらの同時合同調達は、特定の複数の最終資金調達者６もしくは調達代行者７からの要請に応じて、運営者１が実施する場合もある。また、同時合同調達は、特定の資金調達を対象にしてもよいし、特定された期間内の全ての資金調達を対象にしてもよい。同時合同調達ができる主な資金調達商品は以下の通りである。
（ａ）現在の信用リスクや将来の信用リスク見通しが近い複数最終資金調達者６の同時合同借入、債券の同時合同発行、コマーシャル・ペーパーの同時合同発行など。
（ｂ）現在の株価水準や将来の株価見通しが近い複数最終資金調達者６の株式の同時合同発行など。
（ｃ）現在の信用リスクや将来の信用リスク見通しが近く、且つ現在の株価水準や将来の株価見通しが近い複数最終資金調達者６の転換社債の同時合同発行、ワラント債の同時合同発行など。
The operator 1 can recruit the final financing company 6 or the procurement agent 7 whose procurement policy and the procurement target match, and can manage simultaneous joint procurement by the plurality of final financing companies 6 and the procurement agent 7. These simultaneous joint procurement may be performed by the operator 1 in response to a request from a specific plurality of final fund procurers 6 or procurement agents 7. Simultaneous joint procurement may be for specific funding or for all funding within a specified period. The main financing products that can be jointly procured are as follows.
(A) Simultaneous joint borrowing, simultaneous joint issuance of bonds, simultaneous joint issuance of commercial paper, etc. by multiple final funders 6 who are close to the current and future credit risks.
(B) Simultaneous joint issuance of shares of multiple final financing units 6 whose current stock price levels and future stock price forecasts are close.
(C) Simultaneous joint issuance of convertible bonds and simultaneous issuance of warrant bonds of a plurality of final funders 6 whose current credit risk and future credit risk prospects are close, and whose current stock price level and future stock price prospects are close.
次に、最終資金運用者２もしくは運用代行者３と、最終資金調達者６もしくは調達代行者７との取引が成立した時点で、運営者１は取引照合を運用側、調達側の双方に対して行い、その後、本システム上の口座振替処理によって、約定金額が最終資金運用者２もしくは運用代行者３の口座から最終資金調達者６もしくは調達代行者７の口座へと振り替えられる。融資に関し、運営者１は金銭消費貸借契約書などを作成して、これに運用側と調達側の双方が調印する。株券や債券、コマーシャル・ペーパーなどの本券に関し、運営者１は自らの責任においてこれらを保管し、受渡を口座振替処理によって行うことができる。この場合、運用側と調達側の間で本券の授受は行われない。 Next, when a transaction between the final fund manager 2 or the agent 3 and the final fund raiser 6 or the agent 7 is completed, the operator 1 checks the transaction for both the operation side and the procurement side. Thereafter, the account transfer processing on this system transfers the contracted amount from the account of the final fund manager 2 or the agent 3 to the account of the final fund raiser 6 or the agent 7. Regarding financing, the operator 1 prepares a money consumption loan contract and the like, and both the operation side and the procurement side sign this. With respect to genuine certificates such as stock certificates, bonds, and commercial paper, the operator 1 can store these at their own risk and transfer them by account transfer processing. In this case, this ticket is not exchanged between the operation side and the procurement side.
資金調達の約定後、運営者１が下記の件などに関して管理業務を行う。
（ａ）当該資金調達に絡み、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７が各々、法規や社内ルールの遵守、当局への取引報告、一般への情報開示などを適宜行っているかどうかを検査する。また、運営者１は、必要に応じて、自ら当局への報告や一般への開示などを行う。
（ｂ）当該資金調達に絡み、本システム上でリスク管理や損益管理に使えるソフトウェアなどのツールを、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７に対して提供する。
（ｃ）最終資金調達者６もしくは調達代行者７から最終資金運用者２もしくは運用代行者３に対しての果実や元本の支払を、本システム上の口座振替処理によって行う。また、運営者１は、回線使用料やサービス提供料、広告料、情報提供料、各種評価料、各種代行料などの支払を、本システム上の当事者間の口座振替処理によって行うことができる。
（ｄ）融資の期中返済、債券やコマーシャル・ペーパーの期中償還、融資や債券の期中の金利変更、株式分割、議決権などの株主権の行使、転換社債の株式への転換権行使、ワラント債の株式の買取権行使など、最終資金運用者２もしくは運用代行者３、最終資金調達者６もしくは調達代行者７による各種の権利行使の事務手続きをする。
尚、本実施の形態においては、各種金融取引の成立日を期首、終了日を期末と呼び、両者と両者の間を併せて取引期間又は期中という。
（ｅ）融資や債券、コマーシャル・ペーパーなどの期中において最終資金調達者６もしくは調達代行者７の信用力が大きく低下した場合、又は期中や満期において、最終資金調達者６もしくは調達代行者７が利子や元本を支払えず債務不履行に陥った場合、その時点の債権者（最終資金運用者２もしくは運用代行者３）のために債権の保全・回収や法的手続に関し指導的な役割を果たす。
After the financing is executed, the operator 1 performs management work on the following matters.
(A) In connection with the financing, the final fund manager 2, the investment manager 3, the final funder 6, and the procurement agent 7 each comply with laws and regulations, internal rules, report transactions to authorities, and provide general information. Inspect whether disclosure is being made as appropriate. The operator 1 also reports to the authorities and discloses it to the public as necessary.
(B) In connection with the financing, tools such as software that can be used for risk management and profit / loss management on this system are provided to the final fund manager 2, the investment agent 3, the final funder 6, and the procurement agent 7. provide.
(C) Payment of fruits and principal from the final fundraising party 6 or the procurement agent 7 to the final fund manager 2 or the operation proxy 3 is performed by the account transfer processing in the present system. In addition, the operator 1 can pay a line usage fee, a service providing fee, an advertising fee, an information providing fee, various evaluation fees, various agency fees, and the like by an account transfer process between the parties on the present system.
(D) Repayment of loans during the term, redemption of bonds and commercial paper during the term, change of interest rates of loans and bonds during the term, stock splits, exercise of shareholder rights such as voting rights, exercise of convertible bonds into shares, warrant bonds The final fund manager 2 or the agent 3 and the final funder 6 or the agent 7 carry out various procedures for exercising various rights, such as the exercise of the right to purchase shares.
In this embodiment, the date on which various financial transactions are established is called the beginning and the end date is called the end of the period, and the period between the two is called the transaction period or the period.
(E) If the creditworthiness of the final financing unit 6 or the agent 7 during the period of loans, bonds, commercial paper, etc. is significantly reduced, or if the final financing unit 6 or the agent 7 is In the event of default due to failure to pay interest or principal, it will play a leading role in the preservation and collection of receivables and legal proceedings for the current creditor (financial manager 2 or agent 3) .
ところで、最終資金運用者と最終資金調達者との間の取引で他の形態は、最終資金運用者や運用代行者が最終資金調達者に求める条件をスクリーン上で発表してから、最終資金調達者や調達代行者が資金調達に応じる場合である。
まず、本システムの運営者１は、当該サービスを利用したい最終資金運用者２、運用代行者３、運用評価者４、運用参考資料提供者５、最終資金調達者６、調達代行者７、調達評価者８、調達提案資料提供者９を特定し、スクリーン上に融資１０、債券１１、株式１２、コマーシャル・ペーパー１３などの資金調達商品別のセクションを設ける。当該サービスの利用者は、資料の授受や連絡・相談、市場取引、取引照合、契約書の調印、決済などを本システム上で行うことができる。
By the way, another form of transaction between the final fund manager and the final fund raiser is to announce the conditions required by the final fund manager or the investment manager on the final fund raiser on the screen before the final fund raiser. This is the case when a provider or a procurement agent responds to financing.
First, the operator 1 of the present system wants to use the service, the final fund manager 2, the operation agent 3, the operation evaluator 4, the operation reference material provider 5, the final fund procurer 6, the procurement agent 7, The evaluator 8 and the procurement proposal material provider 9 are specified, and sections on the screen are provided for each financing product such as a loan 10, a bond 11, a stock 12, a commercial paper 13, and the like. The user of this service can perform the exchange of materials, communication / consultation, market transactions, transaction matching, signing of contracts, settlement, etc. on this system.
次に、運用参考資料提供者５は、テキストや電子文書フォーマットなどの形態を用いて、最終資金運用者２と運用代行者３に運用参考資料をリアルタイムに送付し始める。一方、調達提案資料提供者９も、テキストや電子文書フォーマットなどの形態を用いて、最終資金調達者６と調達代行者７に調達提案資料をリアルタイムに送付し始める。同時に運営者１は、各種資金調達商品の現在の相場水準、取引数量及びそれらの推移を、商品別のセクションでリアルタイムに表示し始める。これらの各種資料や市場実勢の数値を基に、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７は金利や株式の相場水準を把握し、市場取引に参加するタイミングを窺う。
尚、本実施例でいう相場水準とは、他の資金調達案件の確定条件や仮条件、売出案件の確定条件や仮条件、また、各種金融商品の約定値や気配値、理論値などを指し、本実施例以外の金融取引システムや銀行、証券会社が提供する相場水準を含む。
Next, the management reference material provider 5 starts sending the management reference material to the final fund manager 2 and the management agent 3 in real time using a format such as text or an electronic document format. On the other hand, the procurement proposal material provider 9 also starts sending the procurement proposal material to the final fundraising person 6 and the procurement agent 7 in real time using a format such as text or an electronic document format. At the same time, the operator 1 starts to display the current market level, transaction volume, and their transition of various financing products in a product-specific section in real time. Based on these various materials and the actual market values, the final fund manager 2, investment manager 3, final funder 6, and funding agent 7 grasp interest rates and stock market levels and participate in market transactions. Look at the timing.
The market level referred to in this embodiment refers to the fixed and provisional conditions of other financing projects, the fixed and provisional conditions of sales projects, and the contracted, quoted, and theoretical values of various financial products. And market levels provided by financial transaction systems other than the present embodiment , banks and securities companies.
最終資金運用者２もしくは最終資金調達者６は、運営者１などが提供するデータベースに記されたプロフィールや評価料体系のデータなどを基に、運用評価者４もしくは調達評価者８を選定する。
次に、最終資金運用者２より選定された運用評価者４は、『過去の運用実績』や『他の運用代行者との比較データ』、『市場指数の推移と運用実績との比較データ』、『運用代行料の体系』などを基に、最終資金運用者２の運用方針・運用目標に合致した運用代行者３を当該最終資金運用者２に紹介する。運用評価者４は、上記データをデータベース化し、最終資金運用者２が自ら検索できるよう、これを本システム経由提供することができる。
同様に、最終資金調達者６より選定された調達評価者８は、『過去の調達実績』や『他の調達代行者との比較データ』、『市場指数の推移と調達実績との比較データ』、『調達代行料の体系』などを基に、最終資金調達者６の調達方針・調達目標に合致した調達代行者７を当該最終資金調達者６に紹介する。調達評価者８は、上記データをデータベース化し、最終資金調達者６が自ら検索できるよう、これを本システム経由提供することができる。
最終資金運用者２もしくは最終資金調達者６に提供する各種データを評価者が作成しやすいよう、最終資金運用者２もしくは最終資金調達者６は、自己の取引を委託した代行者に対し、運用もしくは調達の実績をリアルタイムに評価者へ報告させる。尚、最終資金運用者２もしくは最終資金調達者６は、単独で取引に参加する場合においても、その運用もしくは調達の評価を、運用評価者４もしくは調達評価者８に要請することができる。また評価者は、ソフトウェアなど、その運用もしくは調達の評価を行うためのツールを、最終資金運用者２もしくは最終資金調達者６へ本システム経由提供することができる。
The final fund manager 2 or the final fund raiser 6 selects the operation evaluator 4 or the procurement evaluator 8 based on the profile or the data of the evaluation fee system written in the database provided by the operator 1 or the like.
Next, the investment evaluator 4 selected from the final fund manager 2 includes “past operation results”, “comparison data with other investment agents”, and “comparison data between changes in market indices and investment results”. The agent 3 that matches the management policy and the management objective of the final fund manager 2 is introduced to the final fund manager 2 based on the “system of management fee”. The operation evaluator 4 can make the above data into a database and provide it through the present system so that the final fund manager 2 can search by himself.
Similarly, the procurement evaluator 8 selected from the final fund procurement unit 6 includes “past procurement results”, “comparison data with other procurement agents”, and “comparison data between changes in market indices and procurement results”. The procurement agent 7 that matches the procurement policy and the procurement target of the final fund procurement person 6 is introduced to the final fund procurement person 6 based on “Procurement Agency Fee System”. The procurement evaluator 8 can make the above-mentioned data into a database and provide it via the present system so that the final fund procurer 6 can search by himself.
In order for the evaluator to easily create various data provided to the final fund manager 2 or the final fund raiser 6, the final fund manager 2 or the final fund raiser 6 manages the Or let the evaluator report the procurement results in real time. The final fund manager 2 or the final fund raiser 6 can request the operation evaluator 4 or the procurement evaluator 8 to evaluate the operation or procurement even when participating alone in the transaction. Further, the evaluator can provide a tool for evaluating the operation or procurement of the software or the like to the final fund manager 2 or the final fund raiser 6 via the present system.
次に、評価者から代行者の紹介を受けた最終資金運用者２と最終資金調達者６は、その紹介された代行者に取引を一任するか、又は代行者からは助言のみを提供されて単独で取引に参加するかどうかを決定する。この時点で、市場取引に参加する当事者、即ち、最終資金運用者２、最終資金運用者２を代表する運用代行者３、最終資金調達者６、最終資金調達者６を代表する調達代行者７が出揃うことになる。
最終資金運用者２が運用代行者３と締結する代行契約は、特定の運用を対象としてもよいし、運用委託金額を定めて、代行契約期間内の全ての運用を委託してもよい。また、最終資金運用者２は複数の運用代行者３を指名でき、運用代行者３は、複数の最終資金運用者２から取引の代行を受託できる。運用代行者３は、運用方針や運用目標が一致する最終資金運用者２の運用需要を束ねてプールし、当該プール別に資金運用を代行できる。また、運用代行者３は、国内外の信託勘定や各種ファンドを使用して、最終資金運用者２より受託する運用資金を、自己の信用リスクから切り離すことができる。
同様に、最終資金調達者６が調達代行者７と締結する代行契約は、特定の調達を対象としてもよいし、調達委託金額を定めて、代行契約期間内の全ての調達を委託してもよい。また、最終資金調達者６は複数の調達代行者７を指名でき、調達代行者７は、複数の最終資金調達者６から取引の代行を受託できる。調達代行者７は、調達方針や調達目標が一致する最終資金調達者６の調達需要を束ねて、又は信用力や業績見通しなどが近い最終資金調達者６の調達需要を束ねてプールし、当該プール別に資金調達を代行できる。
最終資金運用者２と最終資金調達者６との間の利益相反に鑑み、原則として、ある特定の代行者が最終資金運用者２と最終資金調達者６の双方から市場取引を受託することはない。
尚、最終資金運用者２は、運用評価者４や運用代行者３を利用することなく取引に直接参加することができ、同様に最終資金調達者６は、調達評価者８や調達代行者７を利用することなく取引に直接参加することが可能である。また、本システムの運営者１は、最終資金運用者２や最終資金調達者６が評価者を経由することなく代行者を選定できるよう、代行者のプロフィールや代行料体系を格納したデータベースなどを最終資金運用者２や最終資金調達者６へ提供することがある。
Next, the final fund manager 2 and the final fund raiser 6 who have been referred to the agent by the evaluator either leave the transaction to the introduced agent, or receive only advice from the agent. Decide whether to participate in the deal alone. At this point, the parties participating in the market transaction, namely, the final fund manager 2, the investment agent 3 representing the final fund manager 2, the final fund raiser 6, and the procurement agent 7 representing the final fund raiser 6 Will be available.
The agency contract concluded by the final fund manager 2 with the investment agent 3 may be for a specific operation, or may be an investment consignment amount and entrust all operations within the agent contract period. Further, the final fund manager 2 can appoint a plurality of managers 3 and the manager 3 can receive a transfer of a transaction from the plurality of managers 2. The management agent 3 can collect and pool the management demands of the final fund managers 2 whose management policies and management goals match, and can manage funds for each pool. Further, the investment agent 3 can use the trust accounts in Japan and overseas and various funds to separate the investment funds received from the final fund manager 2 from its own credit risk.
Similarly, the agency contract concluded by the final funder 6 with the agent 7 may be for specific procurement, or the amount of entrusted procurement may be determined, and all the procurement within the agent contract period may be entrusted. Good. In addition, the final fund raiser 6 can designate a plurality of procurement agents 7, and the procurement agent 7 can receive a proxy for a transaction from the plurality of final fund raisers 6. The procurement agent 7 bundles and pools the procurement demands of the final funders 6 whose procurement policies and procurement targets match, or the procurement demands of the final funders 6 whose creditworthiness and performance prospects are close. We can raise funds for each pool.
In view of the conflict of interest between the final fund manager 2 and the final funder 6, in principle, it is not possible for a particular agent to accept market transactions from both the final fund manager 2 and the final funder 6. Absent.
Incidentally, the final fund manager 2 can directly participate in the transaction without using the investment evaluator 4 or the investment agent 3, and similarly, the final fund raiser 6 can It is possible to directly participate in the transaction without using. In addition, the operator 1 of the system prepares a database or the like storing the profile of the agent and the agent fee system so that the final fund manager 2 and the final funder 6 can select the agent without going through the evaluator. It may be provided to the final fund manager 2 or the final fund raiser 6.
次に、最終資金運用者２もしくは運用代行者３は運営者１へと運用資金又は証拠金を振り込み、運営者１はそれを最終資金運用者２別もしくは運用代行者３別の口座に保管する。最終資金調達者６もしくは調達代行者７も、払込金を受け取るために、また資金調達成立後、果実や元本を最終資金運用者２もしくは運用代行者３へ支払うために、口座を本システム上に開設する。 Next, the final fund manager 2 or the agent 3 transfers the operating fund or margin to the operator 1, and the operator 1 stores it in an account for the final fund manager 2 or another account. . The final fundraising party 6 or the procurement agent 7 also sets up an account on the system in order to receive the paid-in funds and to pay fruits and principal to the final fund manager 2 or the surrogate agent 3 after the funding is established. Established in
次に、最終資金運用者２、もしくはその委託先である運用代行者３は、相場変動のタイミングを見計らって、取引数量や運用年限、運用先として希望する最終資金調達者６の名前や業種、信用力格付け、株価格付け、また、具体的な条件として希望する価格・割引率・割増率や利率・利回り・上乗せ利回り、外国為替レートの上下限などを運営者１に伝える。そして運営者１は、最終資金調達者６が指名された場合は当該最終資金調達者６もしくはその委託先である調達代行者７に、業種や信用力格付け、株価格付けが指定された場合はそれらの範疇に属する全ての最終資金調達者６もしくはその委託先である調達代行者７に、上記の条件を開示する。最終資金運用者２もしくは運用代行者３は、運用先として複数の最終資金調達者６を指名する場合もある。 Next, the final fund manager 2 or its agent, the investment agent 3, takes into account the timing of market fluctuations, and considers the transaction volume, the operating period, the name and the type of business of the final funder 6 desired as the investment destination, The credit rating, stock price, and specific conditions such as the desired price, discount rate, surcharge rate, interest rate, yield, additional yield, and the upper and lower limits of the foreign exchange rate are transmitted to the operator 1. Then, when the final funder 6 is designated, the operator 1 gives the final funder 6 or the procurement agent 7 to which the final funder 6 is appointed, if the type of business, credit rating and stock price are specified, The above conditions are disclosed to all the final fund procurers 6 belonging to the category or the procurement agent 7 which is a consignee thereof. In some cases, the final fund manager 2 or the investment agent 3 appoints a plurality of final fund raisers 6 as investment destinations.
次に、運営者１から上記開示を受けた最終資金調達者６、もしくはその委託先である調達代行者７は、最終資金運用者２もしくは運用代行者３が提示した資金調達の条件を許容できる場合、当該条件に沿って資金調達を決定する。一方、この条件に興味を抱きながらも許容できない場合、運営者１経由もしくは直接的に、当該最終資金運用者２もしくは当該運用代行者３と交渉して妥協点を探ることになる。 Next, the final fund raiser 6 receiving the above disclosure from the operator 1, or the procurement agent 7 that is the trustee thereof can accept the fund raising conditions presented by the final fund manager 2 or the investment agent 3. In such cases, funding is determined according to the conditions. On the other hand, if the user is interested in this condition but cannot tolerate it, he or she will negotiate with the final fund manager 2 or the investment agent 3 via the operator 1 or directly and seek a compromise.
運営者１は、運用方針や運用目標が一致する最終資金運用者２もしくは運用代行者３を募り、それら複数の最終資金運用者２や運用代行者３による同時合同運用を運営できる。これらの同時合同運用は、特定の複数の最終資金運用者２もしくは運用代行者３からの要請に応じて、運営者１が実施する場合もある。また、同時合同運用は、特定の資金調達商品に対する運用を対象にしてもよいし、特定された期間内の全ての資金調達商品に対する運用を対象にしてもよい。 The operator 1 can recruit the final fund manager 2 or the investment agent 3 having the same management policy and management target, and can manage the simultaneous joint operation by the plurality of final fund managers 2 and the agent 3. These simultaneous joint operations may be performed by the operator 1 in response to a request from a specific plurality of final fund managers 2 or the agent 3. Simultaneous joint management may be directed to operation for a specific financing product, or may be directed to operation for all financing products within a specified period.
次に、最終資金運用者２もしくは運用代行者３と、最終資金調達者６もしくは調達代行者７との取引が成立した時点で、運営者１は取引照合を運用側、調達側の双方に対して行い、その後、本システム上の口座振替処理によって、約定金額が最終資金運用者２もしくは運用代行者３の口座から最終資金調達者６もしくは調達代行者７の口座へと振り替えられる。融資に関し、運営者１は金銭消費貸借契約書などを作成して、これに運用側と調達側の双方が調印する。株券や債券、コマーシャル・ペーパーなどの本券に関し、運営者１は自らの責任においてこれらを保管し、受渡を口座振替処理によって行うことができる。この場合、運用側と調達側の間で本券の授受は行われない。 Next, when a transaction between the final fund manager 2 or the agent 3 and the final fund raiser 6 or the agent 7 is completed, the operator 1 checks the transaction for both the operation side and the procurement side. Thereafter, the account transfer processing on this system transfers the contracted amount from the account of the final fund manager 2 or the agent 3 to the account of the final fund raiser 6 or the agent 7. Regarding financing, the operator 1 prepares a money consumption loan contract and the like, and both the operation side and the procurement side sign this. With respect to genuine certificates such as stock certificates, bonds, and commercial paper, the operator 1 can store these at their own risk and transfer them by account transfer processing. In this case, this ticket is not exchanged between the operation side and the procurement side.
資金調達の約定後、運営者１が下記の件などに関して管理業務を行う。
（ａ）当該資金調達に絡み、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７が各々、法規や社内ルールの遵守、当局への取引報告、一般への情報開示などを適宜行っているかどうかを検査する。また、運営者１は、必要に応じて、自ら当局への報告や一般への開示などを行う。
（ｂ）当該資金調達に絡み、本システム上でリスク管理や損益管理に使えるソフトウェアなどのツールを、最終資金運用者２、運用代行者３、最終資金調達者６、調達代行者７に対して提供する。
（ｃ）最終資金調達者６もしくは調達代行者７から最終資金運用者２もしくは運用代行者３に対しての果実や元本の支払を、本システム上の口座振替処理によって行う。また、運営者１は、回線使用料やサービス提供料、広告料、情報提供料、各種評価料、各種代行料などの支払を、本システム上の当事者間の口座振替処理によって行うことができる。
（ｄ）融資の期中返済、債券やコマーシャル・ペーパーの期中償還、融資や債券の期中の金利変更、株式分割、議決権などの株主権の行使、転換社債の株式への転換権行使、ワラント債の株式の買取権行使など、最終資金運用者２もしくは運用代行者３、最終資金調達者６もしくは調達代行者７による各種の権利行使の事務手続きをする。
（ｅ）融資や債券、コマーシャル・ペーパーなどの期中において最終資金調達者６もしくは調達代行者７の信用力が大きく低下した場合、又は期中や満期において、最終資金調達者６もしくは調達代行者７が利子や元本を支払えず債務不履行に陥った場合、その時点の債権者（最終資金運用者２もしくは運用代行者３）のために債権の保全・回収や法的手続に関し指導的な役割を果たす。
After the financing is executed, the operator 1 performs management work on the following matters.
(A) In connection with the financing, the final fund manager 2, the investment manager 3, the final funder 6, and the procurement agent 7 each comply with laws and regulations, internal rules, report transactions to authorities, and provide general information. Inspect whether disclosure is being made as appropriate. The operator 1 also reports to the authorities and discloses it to the public as necessary.
(B) In connection with the financing, tools such as software that can be used for risk management and profit / loss management on this system are provided to the final fund manager 2, the investment agent 3, the final funder 6, and the procurement agent 7. provide.
(C) Payment of fruits and principal from the final fundraising party 6 or the procurement agent 7 to the final fund manager 2 or the operation proxy 3 is performed by the account transfer processing in the present system. In addition, the operator 1 can pay a line usage fee, a service providing fee, an advertising fee, an information providing fee, various evaluation fees, various agency fees, and the like by an account transfer process between the parties on the present system.
(D) Repayment of loans during the term, redemption of bonds and commercial paper during the term, change of interest rates of loans and bonds during the term, stock splits, exercise of shareholder rights such as voting rights, exercise of convertible bonds into shares, warrant bonds The final fund manager 2 or the agent 3 and the final funder 6 or the agent 7 carry out various procedures for exercising various rights, such as the exercise of the right to purchase shares.
(E) If the creditworthiness of the final financing unit 6 or the agent 7 during the period of loans, bonds, commercial paper, etc. is significantly reduced, or if the final financing unit 6 or the agent 7 is In the event of default due to failure to pay interest or principal, it will play a leading role in the preservation and collection of receivables and legal proceedings for the current creditor (financial manager 2 or agent 3) .
次に、図２により資金の流れと課金の仕組みの一実施例を説明する。
図中、［１］は、最終資金運用者２もしくは運用代行者３が、最終資金調達者６もしくは調達代行者７へ払込金を支払う。取引に関して、本システムの運営者１が徴収する証拠金を含む。
［２］は、各利用者から本システムの運営者１へ、回線使用料やサービス提供料、広告料（スクリーンに掲載するバナー広告やポップアップ広告）などを支払う。
［３］は、最終資金運用者２及び運用代行者３から運用参考資料提供者５へ情報提供料を支払う。
［４］は、最終資金調達者６及び調達代行者７から調達提案資料提供者９へ情報提供料を支払う。
［５］は、最終資金運用者２から運用評価者４へ運用評価料を支払う。
［６］は、最終資金運用者２から運用代行者３へ運用代行料を支払う。
［７］は、最終資金調達者６から調達評価者８へ調達評価料を支払う。
［８］は、最終資金調達者６から調達代行者７へ調達代行料を支払う。
Next, an embodiment of the flow of funds and the mechanism of charging will be described with reference to FIG.
In the figure, in [1], the final fund manager 2 or the investment agent 3 pays a payment to the final fund raiser 6 or the procurement agent 7. Includes the margin collected by the operator 1 of the system for the transaction.
In [2], each user pays a line usage fee, a service providing fee, an advertisement fee (banner advertisement or pop-up advertisement to be displayed on a screen) to the operator 1 of the system.
In [3], an information provision fee is paid from the final fund manager 2 and the agent 3 to the operation reference material provider 5.
In [4], an information provision fee is paid from the final fundraising company 6 and the procurement agent 7 to the procurement proposal material provider 9.
[5] pays an operation evaluation fee from the final fund manager 2 to the operation evaluator 4.
In [6], the final fund manager 2 pays the management agent fee to the management agent 3.
[7] pays a procurement evaluation fee from the final fund raiser 6 to the procurement evaluator 8.
[8] pays a procurement agency fee from the final fundraising entity 6 to the procurement agency 7.
次に、図３及び図４は、本実施の形態における最終資金運用者間の取引を示した図である。
まず、流通市場における一般的な売買の形態を説明する。即ち、本システムの運営者１は、当該サービスを利用したい最終資金運用者２、運用代行者３、運用評価者４、運用参考資料提供者５を特定し、スクリーン上に貸付債権１４、債券１１、株式１２、コマーシャル・ペーパー１３などの資金運用商品別のセクションを設ける。当該サービスの利用者は、資料の授受や連絡・相談、市場取引、取引照合、契約書の調印、決済などを本システム上で行う。
Next, FIGS. 3 and 4 are diagrams showing transactions between final fund managers in the present embodiment .
First, a general form of trading in a secondary market will be described. That is, the operator 1 of the system specifies the final fund manager 2, the investment agent 3, the operation evaluator 4, and the operation reference material provider 5 who want to use the service, and displays the loan receivable 14, the bond 11 on the screen. , Stocks 12, commercial paper 13, etc., for each fund management product. The user of the service performs the exchange of materials, communication / consultation, market transactions, transaction matching, signing of contracts, settlement, etc. on this system.
次に、運用参考資料提供者５は、テキストや電子文書フォーマットなどの形態を用いて、最終資金運用者２や運用代行者３へ運用参考資料をリアルタイムに送付し始める。一方、運営者１は、各種資金運用商品の現在の相場水準、取引数量及びそれらの推移を、商品別のセクションでリアルタイムに表示し始める。これらの各種資料や市場実勢の数値を基に、最終資金運用者２や運用代行者３は金利や株式の相場水準を把握し、市場取引に参加するタイミングを窺う。
尚、本実施例でいう相場水準とは、各種金融商品の約定値や気配値、理論値、また、売出案件や資金調達案件の確定条件、仮条件などを指し、本実施例以外の金融取引システムや銀行、証券会社が提供する相場水準を含む。
Next, the management reference material provider 5 starts sending the management reference material to the final fund manager 2 and the management agent 3 in real time using a format such as a text or an electronic document format. On the other hand, the operator 1 starts displaying the current market level, transaction volume, and their transition of various fund management products in a product-specific section in real time. Based on these various materials and the actual market figures, the final fund manager 2 and the investment manager 3 grasp the interest rates and stock market levels and see when to participate in market transactions.
It should be noted that the exchange rate level, which say that in the present embodiment, the contract value and the quotes of various financial instruments, theoretical value, also refers to fixed conditions of sale projects and fund-raising projects, such as temporary conditions, financial transactions other than that of the present embodiment Includes quotes provided by systems, banks and securities firms.
最終資金運用者２は、運営者１などが提供するデータベースに記されたプロフィールや評価料体系のデータなどを基に、運用評価者４を選定する。
次に、最終資金運用者２より選定された運用評価者４は、『過去の運用実績』や『他の運用代行者との比較データ』、『市場指数の推移と運用実績との比較データ』、『運用代行料の体系』などを基に、最終資金運用者２の運用方針・運用目標に合致した運用代行者３を当該最終資金運用者２に紹介する。運用評価者４は、上記データをデータベース化し、最終資金運用者２が自ら検索できるよう、これを本システム経由提供することができる。最終資金運用者２に提供する各種データを運用評価者４が作成しやすいよう、最終資金運用者２は自己の取引を委託した運用代行者３に対し、運用の実績をリアルタイムに運用評価者４へ報告させる。
尚、最終資金運用者２は、単独で取引に参加する場合においても、その運用の評価を運用評価者４に要請することができる。また運用評価者４は、ソフトウェアなど、その運用の評価を行うためのツールを、最終資金運用者２へ本システム経由提供することができる。
The final fund manager 2 selects the operation evaluator 4 based on the profile and the data of the evaluation fee system written in the database provided by the operator 1 and the like.
Next, the investment evaluator 4 selected from the final fund manager 2 includes “past operation results”, “comparison data with other investment agents”, and “comparison data between changes in market indices and investment results”. The agent 3 that matches the management policy and the management objective of the final fund manager 2 is introduced to the final fund manager 2 based on the “system of management fee”. The operation evaluator 4 can make the above data into a database and provide it through the present system so that the final fund manager 2 can search by himself. In order for the evaluator 4 to easily create various data to be provided to the final fund manager 2, the final fund manager 2 provides the investment agent 3 who has entrusted his / her transaction with the operation evaluator 4 in real time. Report to.
The final fund manager 2 can request the operation evaluator 4 to evaluate the operation even when participating alone in the transaction. In addition, the operation evaluator 4 can provide a tool for evaluating the operation such as software to the final fund operator 2 via the present system.
次に、運用評価者４から運用代行者３の紹介を受けた最終資金運用者２は、その紹介された運用代行者３に取引を一任するか、又は運用代行者３からは助言のみを提供されて単独で取引に参加するかどうかを決定する。最終資金運用者２が運用代行者３と締結する代行契約は、特定の運用を対象としてもよいし、運用委託金額を定めて、代行契約期間内の全ての運用を委託してもよい。また、最終資金運用者２は複数の運用代行者３を指名でき、一方、運用代行者３は複数の最終資金運用者２から取引の代行を受託できる。運用代行者３は、運用方針や運用目標が一致する最終資金運用者２の運用需要を束ねてプールし、当該プール別に資金運用を代行できる。
運用代行者３は、国内外の信託勘定や各種ファンドを使用して、最終資金運用者２より受託する運用資金を、自己の信用リスクから切り離すことができる。
尚、最終資金運用者２は、運用評価者４や運用代行者３を利用することなく取引に直接参加することが可能である。また、本システムの運営者１は、最終資金運用者２が運用評価者４を経由することなく運用代行者３を選定できるよう、運用代行者３のプロフィールや代行料体系を格納したデータベースなどを最終資金運用者２へ提供することがある。
Next, the final fund manager 2 receiving the introduction of the investment agent 3 from the investment evaluator 4 either leaves the transaction to the introduced investment agent 3 or provides only advice from the investment agent 3 Being alone decides whether to participate in the deal. The agency contract concluded by the final fund manager 2 with the investment agent 3 may be for a specific operation, or may be an investment consignment amount and entrust all operations within the agent contract period. In addition, the final fund manager 2 can designate a plurality of managers 3, while the manager 3 can receive a transfer of a transaction from the plurality of final managers 2. The management agent 3 can collect and pool the management demands of the final fund managers 2 whose management policies and management goals match, and can manage funds for each pool.
The management agent 3 can use the trust accounts and various funds at home and abroad to separate the management fund entrusted from the final fund manager 2 from its own credit risk.
Note that the final fund manager 2 can directly participate in the transaction without using the investment evaluator 4 or the investment agent 3. In addition, the operator 1 of the present system prepares a database or the like storing the profile of the agent 3 and the agent fee system so that the final fund manager 2 can select the agent 3 without going through the operation evaluator 4. It may be provided to the final fund manager 2.
次に、最終資金運用者２もしくは運用代行者３は運営者１へと運用資金又は証拠金を振り込み、運営者１はそれを最終資金運用者２別もしくは運用代行者３別の口座に保管する。また期中に、最終資金調達者６もしくは調達代行者７が、果実や元本を最終資金運用者２もしくは運用代行者３に支払うための口座も、併せて本システム上に開設する。 Next, the final fund manager 2 or the agent 3 transfers the operating fund or margin to the operator 1, and the operator 1 stores it in an account for the final fund manager 2 or another account. . Also, during the term, an account for the final fund raiser 6 or the procurement agent 7 to pay fruits and principals to the final fund manager 2 or the money transfer agent 3 is also opened on this system.
次に、最終資金運用者２もしくは運用代行者３は、特定の資金運用商品の買付、もしくは売付を決定した段階で、指値注文（売買数量、特定の価格や利回りを指定）もしくは成行注文（売買数量を指定、価格や利回りは不指定）を運営者１へ送信する。運営者１は本システムのマッチング機能を利用して、成行注文、より売り手寄りの買付の指値注文、より買い手寄りの売付の指値注文、より提出時期が早い注文を優先して、買い手もしくは売り手へ金額や株数を自動的に割り振っていく。 Next, the final fund manager 2 or the agent 3 decides whether to buy or sell a specific fund management product, and then decides on a limit order (specifying the trading quantity, a specific price or yield) or a market order. (Specify the trading quantity, but do not specify the price or yield) to the operator 1. The operator 1 uses the matching function of the system to prioritize a market order, a limit order for a purchase closer to a seller, a limit order for a sell closer to a buyer, and an order with a earlier submission time. Automatically allocate amount and number of shares to sellers.
運営者１は、運用方針や運用目標が一致する最終資金運用者２もしくは運用代行者３を募り、それら複数の最終資金運用者２や運用代行者３による同時合同運用を運営できる。これらの同時合同運用は、特定の複数の最終資金運用者２もしくは運用代行者３からの要請に応じて、運営者１が実施する場合もある。また、同時合同運用は、資金運用商品の特定の売買を対象にしてもよいし、特定された期間内の全ての売買を対象にしてもよい。 The operator 1 can recruit the final fund manager 2 or the investment agent 3 having the same management policy and management target, and can manage the simultaneous joint operation by the plurality of final fund managers 2 and the agent 3. These simultaneous joint operations may be performed by the operator 1 in response to a request from a specific plurality of final fund managers 2 or the agent 3. Simultaneous joint management may be targeted at a specific transaction of a fund management product, or may be targeted at all transactions within a specified period.
買い手と売り手との取引が成立した時点で、運営者１は取引照合を双方に対して行い、その後、本システム上の口座振替処理によって、約定金額が買い手の口座から売り手の口座へと振り替えられる。尚、貸付債権や債券の約定金額は、買い手が売り手に支払う経過利子を差し引いた金額となる。貸付債権の売買に関し、運営者１は売り手が買い手に債権を譲渡する契約書などを作成して、これに買い手と売り手の双方が調印する。株券や債券、コマーシャル・ペーパーなどの本券に関し、運営者１は自らの責任においてこれらを保管し、売り手から買い手への受渡を口座振替処理によって行うことができる。この場合、最終資金運用者２間で本券の授受は行われない。
尚、最終資金運用者２や運用代行者３は、本システムを利用して、保有する有価証券を他の最終資金運用者２や運用代行者３へ貸し出すことができる。
When the transaction between the buyer and the seller is completed, the operator 1 checks the transaction with both sides, and thereafter, the account transfer processing on the present system transfers the contracted amount from the buyer's account to the seller's account. . Note that the contracted amount of the loan or bond is the amount obtained by subtracting the accrued interest paid by the buyer to the seller. Regarding the sale and purchase of loan receivables, the operator 1 creates a contract for the seller to transfer the receivables to the buyer, and the buyer and the seller sign the contract. The operator 1 can store these certificates, such as stock certificates, bonds, and commercial papers, at their own risk, and transfer the vouchers from the seller to the buyer through a fund transfer process. In this case, the transfer of this ticket between the final fund managers 2 is not performed.
Note that the final fund manager 2 and the agent 3 can use this system to lend the securities held to other final fund managers 2 and the agent 3.
売買約定後、運営者１が下記の件などに関して管理業務を行う。
（ａ）売買に絡み、最終資金運用者２や運用代行者３が法規や社内ルールの遵守、当局への取引報告、一般への情報開示などを適宜行っているかどうかを検査する。また、運営者１は、必要に応じて、自ら当局への報告や一般への開示などを行う。
（ｂ）売買に絡み、本システム上でリスク管理や損益管理に使えるソフトウェアなどのツールを、最終資金運用者２や運用代行者３に対して提供する。
（ｃ）最終資金調達者６もしくは調達代行者７から最終資金運用者２もしくは運用代行者３に対しての果実や元本の支払を、本システム上の口座振替処理によって行う。また、運営者１は、回線使用料やサービス提供料、広告料、情報提供料、運用評価料、各種代行料などの支払を、本システム上の当事者間の口座振替処理によって行うことができる。
（ｄ）貸付債権の期中返済、債券やコマーシャル・ペーパーの期中償還、貸付債権や債券の期中の金利変更、株式分割、議決権などの株主権の行使、転換社債の株式への転換権行使、ワラント債の株式の買取権行使など、最終資金運用者２もしくは運用代行者３、最終資金調達者６もしくは調達代行者７による各種の権利行使の事務手続きをする。
（ｅ）貸付債権や債券、コマーシャル・ペーパーなどの期中において最終資金調達者６もしくは調達代行者７の信用力が大きく低下した場合、又は期中や満期において、最終資金調達者６もしくは調達代行者７が利子や元本を支払えず債務不履行に陥った場合、その時点の債権者（最終資金運用者２もしくは運用代行者３）のために債権の保全・回収や法的手続に関し指導的な役割を果たす。
After the sales contract, the operator 1 performs management work on the following matters.
(A) Investigate whether the final fund manager 2 or the investment management agent 3 appropriately complies with laws and regulations, internal rules, reports transactions to authorities, discloses information to the public, etc. as appropriate in connection with trading. The operator 1 also reports to the authorities and discloses it to the public as necessary.
(B) Provide tools such as software that can be used for risk management and profit / loss management on the present system to the final fund manager 2 and the agent 3 in connection with trading.
(C) Payment of fruits and principal from the final fundraising party 6 or the procurement agent 7 to the final fund manager 2 or the operation proxy 3 is performed by the account transfer processing in the present system. In addition, the operator 1 can pay a line usage fee, a service providing fee, an advertising fee, an information providing fee, an operation evaluation fee, various agency fees, and the like by an account transfer process between the parties on the present system.
(D) repayment of loan receivables during the term, redemption of bonds and commercial paper during the term, change of interest rate of loan receivables and bonds during the term, stock split, exercise of shareholder rights such as voting rights, exercise of convertible bonds into shares, The final fund manager 2 or the agent 3 and the final funder 6 or the agent 7 carry out various procedures for exercising various rights, such as exercising the right to purchase warrant bonds.
(E) When the creditworthiness of the final financing party 6 or the procurement agent 7 is significantly reduced during the term of the loan receivables, bonds, commercial paper, etc., or during the term or at maturity, the final financing party 6 or the procurement agent 7 Is unable to pay interest or principal and defaults, and takes a leading role in the preservation and collection of receivables and legal proceedings for the current creditor (final fund manager 2 or agent 3). Fulfill.
ところで図５は、本実施の形態における最終資金運用者間の取引で売出の形態を示した図である。
まず、本システムの運営者１は、当該サービスを利用したい最終資金運用者２、運用代行者３、運用評価者４、運用参考資料提供者５を特定し、スクリーン上に貸付債権１４、債券１１、株式１２、コマーシャル・ペーパー１３などの資金運用商品別のセクションを設ける。当該サービスの利用者は、資料の授受や連絡・相談、市場取引、取引照合、契約書の調印、決済などを本システム上で行う。
FIG. 5 is a diagram showing a form of selling in a transaction between final fund managers in the present embodiment .
First, the operator 1 of the system specifies the final fund manager 2, the investment agent 3, the operation evaluator 4, and the operation reference material provider 5 who want to use the service, and displays the loan receivable 14, the bond 11 on the screen. , Stocks 12, commercial paper 13, etc., for each fund management product. The user of the service performs the exchange of materials, communication / consultation, market transactions, transaction matching, signing of contracts, settlement, etc. on this system.
次に、運用参考資料提供者５は、テキストや電子文書フォーマットなどの形態を用いて、最終資金運用者２や運用代行者３へ運用参考資料をリアルタイムに送付し始める。一方、運営者１は、各種資金運用商品の現在の相場水準、取引数量及びそれらの推移を、商品別のセクションでリアルタイムに表示し始める。これらの各種資料や市場実勢の数値を基に、最終資金運用者２や運用代行者３は金利や株式の相場水準を把握し、市場取引に参加するタイミングを窺う。
尚、本実施例でいう相場水準とは、他の売出案件の確定条件や仮条件、各種金融商品の約定値や気配値、理論値、また、資金調達案件の確定条件や仮条件などを指し、本実施例以外の金融取引システムや銀行、証券会社が提供する相場水準を含む。
Next, the management reference material provider 5 starts sending the management reference material to the final fund manager 2 and the management agent 3 in real time using a format such as a text or an electronic document format. On the other hand, the operator 1 starts displaying the current market level, transaction volume, and their transition of various fund management products in a product-specific section in real time. Based on these various materials and the actual market figures, the final fund manager 2 and the investment manager 3 grasp the interest rates and stock market levels and see when to participate in market transactions.
The market level referred to in the present embodiment refers to the fixed conditions and provisional conditions of other sales projects, the contracted value, quotes, and theoretical values of various financial products, as well as the fixed and provisional conditions of financing projects. And market levels provided by financial transaction systems, banks and securities companies other than the present embodiment .
最終資金運用者２は、運営者１などが提供するデータベースに記されたプロフィールや評価料体系のデータなどを基に、運用評価者４を選定する。
次に、最終資金運用者２より選定された運用評価者４は、『過去の運用実績』や『他の運用代行者との比較データ』、『市場指数の推移と運用実績との比較データ』、『運用代行料の体系』などを基に、最終資金運用者２の運用方針・運用目標に合致した運用代行者３を当該最終資金運用者２に紹介する。運用評価者４は、上記データをデータベース化し、最終資金運用者２が自ら検索できるよう、これを本システム経由提供することができる。最終資金運用者２に提供する各種データを運用評価者４が作成しやすいよう、最終資金運用者２は自己の取引を委託した運用代行者３に対し、運用の実績をリアルタイムに運用評価者４へ報告させる。
尚、最終資金運用者２は、単独で取引に参加する場合においても、その運用の評価を運用評価者４に要請することができる。また運用評価者４は、ソフトウェアなど、その運用の評価を行うためのツールを、最終資金運用者２へ本システム経由提供することができる。
The final fund manager 2 selects the operation evaluator 4 based on the profile and the data of the evaluation fee system written in the database provided by the operator 1 and the like.
Next, the investment evaluator 4 selected from the final fund manager 2 includes “past operation results”, “comparison data with other investment agents”, and “comparison data between changes in market indices and investment results”. The agent 3 that matches the management policy and the management objective of the final fund manager 2 is introduced to the final fund manager 2 based on the “system of management fee”. The operation evaluator 4 can make the above data into a database and provide it through the present system so that the final fund manager 2 can search by himself. In order for the evaluator 4 to easily create various data to be provided to the final fund manager 2, the final fund manager 2 provides the investment agent 3 who has entrusted his / her transaction with the operation evaluator 4 in real time. Report to.
The final fund manager 2 can request the operation evaluator 4 to evaluate the operation even when participating alone in the transaction. In addition, the operation evaluator 4 can provide a tool for evaluating the operation such as software to the final fund operator 2 via the present system.
次に、運用評価者４から運用代行者３の紹介を受けた最終資金運用者２は、その紹介された運用代行者３に取引を一任するか、又は運用代行者３からは助言のみを提供されて単独で取引に参加するかどうかを決定する。最終資金運用者２が運用代行者３と締結する代行契約は、特定の運用を対象としてもよいし、運用委託金額を定めて、代行契約期間内の全ての運用を委託してもよい。また、最終資金運用者２は複数の運用代行者３を指名でき、一方、運用代行者３は複数の最終資金運用者２から取引の代行を受託できる。運用代行者３は、運用方針や運用目標が一致する最終資金運用者２の運用需要を束ねてプールし、当該プール別に資金運用を代行できる。
運用代行者３は、国内外の信託勘定や各種ファンドを使用して、最終資金運用者２より受託する運用資金を、自己の信用リスクから切り離すことができる。
尚、最終資金運用者２は、運用評価者４や運用代行者３を利用することなく取引に直接参加することができ、同様に売出人１５は、運用評価者４や売出代行者１６を利用することなく取引に直接参加することが可能である。また、本システムの運営者１は、最終資金運用者２や売出人１５が運用評価者４を経由することなく代行者を選定できるよう、代行者のプロフィールや代行料体系を格納したデータベースなどを最終資金運用者２や売出人１５へ提供することがある。
Next, the final fund manager 2 receiving the introduction of the investment agent 3 from the investment evaluator 4 either leaves the transaction to the introduced investment agent 3 or provides only advice from the investment agent 3 Being alone decides whether to participate in the deal. The agency contract concluded by the final fund manager 2 with the investment agent 3 may be for a specific operation, or may be an investment consignment amount and entrust all operations within the agent contract period. In addition, the final fund manager 2 can designate a plurality of managers 3, while the manager 3 can receive a transfer of a transaction from the plurality of final managers 2. The management agent 3 can collect and pool the management demands of the final fund managers 2 whose management policies and management goals match, and can manage funds for each pool.
The management agent 3 can use the trust accounts and various funds at home and abroad to separate the management fund entrusted from the final fund manager 2 from its own credit risk.
Note that the final fund manager 2 can directly participate in the transaction without using the investment evaluator 4 or the investment agent 3, and the seller 15 similarly uses the investment evaluator 4 or the agent 16 It is possible to participate directly in the transaction without having to do it. In addition, the operator 1 of the system prepares a database or the like that stores the profile of the agent and the agent fee system so that the final fund manager 2 and the seller 15 can select the agent without going through the operation evaluator 4. It may be provided to the final fund manager 2 or the seller 15.
次に、最終資金運用者２もしくは運用代行者３は運営者１へと運用資金又は証拠金を振り込み、運営者１はそれを最終資金運用者２別もしくは運用代行者３別の口座に保管する。また期中に、最終資金調達者６もしくは調達代行者７が、果実や元本を最終資金運用者２もしくは運用代行者３に支払うための口座も、併せて本システム上に開設する。 Next, the final fund manager 2 or the agent 3 transfers the operating fund or margin to the operator 1, and the operator 1 stores it in an account for the final fund manager 2 or another account. . Also, during the term, an account for the final fund raiser 6 or the procurement agent 7 to pay fruits and principals to the final fund manager 2 or the money transfer agent 3 is also opened on this system.
次に、売出を決定した最終資金運用者（以下、他の最終資金運用者と区別して売出人１５）、もしくはその委託先である運用代行者（以下、他の運用代行者と区別して売出代行者１６）は、相場変動のタイミングを見計らって、銘柄、売出額や売出株数、残存期間、担保や保証人の有無など、実施したい売出の概要を運営者１に伝える。そして運営者１は、これを対象となる全ての最終資金運用者２及び運用代行者３に開示し、売出人１５もしくは売出代行者１６が希望する価格・割引率や利回り・上乗せ利回りの上下限などを、仮条件としてスクリーンに掲載する。 Next, the final fund manager who has decided to sell (hereinafter referred to as the seller 15 separately from other final fund managers), or the investment agent that is the consignee thereof (hereinafter referred to as the selling agent separately from other asset managers) 16) informs the operator 1 of the outline of the selling to be carried out, such as the brand, the selling amount, the number of shares to be sold, the remaining period, the presence or absence of the security and the guarantor, in view of the timing of the market fluctuation. Then, the operator 1 discloses this to all the final fund managers 2 and the agent 3 who are the targets, and the price / discount rate, yield, and additional yield desired by the seller 15 or the agent 16. Are posted on the screen as provisional conditions.
次に、最終資金運用者２もしくは運用代行者３は、この売出概要並びにその仮条件に興味を覚えた場合、仮条件を参考に指値注文（買入数量、特定の価格・割引率や利回り・上乗せ利回りなどを指定）もしくは成行注文（買入数量を指定、条件は不指定）を運営者１へ送信する。運営者１は本システムのマッチング機能を利用して、成行注文、より売出人寄りの仮条件に対する指値注文、より提出時期が早い注文を優先して、最終資金運用者２もしくは運用代行者３へ金額や株数を自動的に割り振っていく。このリアルタイムのマッチング作業の結果、売出額や売出株数が当初予定されていた数値に満たなかった場合、売出人１５もしくは売出代行者１６が約定された金額もしくは株数で妥協する場合にはこれで売出を終了する。妥協しない場合には、仮条件を若干最終資金運用者２寄りにシフトし、再度最終資金運用者２もしくは運用代行者３から指値注文や成行注文を募る。
尚、売出の対象商品となる資金運用商品を資金調達手段として使用している最終資金調達者６もしくは調達代行者７は、売出に際し作成した目論見書を電子文書フォーマットなどの形態で、最終資金運用者２もしくは運用代行者３へ交付できる。
Next, when the final fund manager 2 or the investment agent 3 is interested in the outline of the sale and the provisional conditions, the limit order (purchase quantity, specific price / discount rate, yield / An additional yield is specified) or a market order (the purchase quantity is specified, the conditions are not specified) is transmitted to the operator 1. The operator 1 uses the matching function of the present system to give priority to the market order, the limit order for provisional conditions closer to the seller, and the order with earlier submission time to the final fund manager 2 or the agent 3 Automatically allocates amount and number of shares. As a result of this real-time matching work, if the selling amount or the number of shares to be sold does not reach the originally planned numerical value, if the seller 15 or the agent 16 compromises on the contracted amount or the number of shares, the selling is performed. To end. If no compromise is made, the provisional conditions are slightly shifted toward the final fund manager 2, and limit orders and market orders are again sought from the final fund manager 2 or the investment agent 3.
In addition, the final fundraising company 6 or the procurement agent 7 using the fund management product as a product to be sold as a fund procurement means, prepares the prospectus prepared at the time of selling the final fund management in an electronic document format or the like. Can be issued to the agent 2 or the operation agent 3.
運営者１は、運用方針や運用目標が一致する最終資金運用者２もしくは運用代行者３を募り、それら複数の最終資金運用者２や運用代行者３による同時合同買入を運営できる。これらの同時合同買入は、特定の複数の最終資金運用者２もしくは運用代行者３からの要請に応じて、運営者１が実施する場合もある。 The operator 1 can recruit a final fund manager 2 or an investment agent 3 having the same management policy or management target, and can manage simultaneous joint purchase by the plurality of final fund managers 2 or the agent 3. These simultaneous joint purchases may be carried out by the operator 1 in response to a request from a specific plurality of final fund managers 2 or investment managers 3.
運営者１は、売出方針や売出目標が一致する売出人１５もしくは売出代行者１６を募り、それら複数の売出人１５や売出代行者１６による単一銘柄もしくは複数銘柄の同時合同売出を運営できる。これらの同時合同売出は、特定の複数の売出人１５もしくは売出代行者１６からの要請に応じて、運営者１が実施する場合もある。また、同時合同売出は、資金運用商品の特定の売出を対象にしてもよいし、特定された期間内の全ての売出を対象にしてもよい。複数銘柄の場合、同時合同売出ができる主な資金運用商品は以下の通りである。
（ａ）現在の信用リスクや将来の信用リスク見通しが近い複数貸付債権の同時合同売出や複数債券の同時合同売出、複数コマーシャル・ペーパーの同時合同売出など。
（ｂ）現在の株価水準や将来の株価見通しが近い複数株式の同時合同売出など。
（ｃ）現在の信用リスクや将来の信用リスク見通し、及び現在の株価水準や将来の株価見通しが近い複数転換社債の同時合同売出や複数ワラント債の同時合同売出など。
The operator 1 can recruit a seller 15 or a sales agent 16 having the same sales policy and sales target, and can manage the simultaneous sale of a single brand or a plurality of brands by the plurality of sellers 15 and the sales agency 16. These simultaneous joint sales may be carried out by the operator 1 in response to a request from a plurality of specific sellers 15 or sales agents 16. In addition, the simultaneous joint sale may target a specific sale of the fund management product, or may target all the sales within the specified period. The main fund management products that can be jointly sold in the case of multiple stocks are as follows.
(A) Simultaneous joint sale of multiple loans, simultaneous sale of multiple bonds, simultaneous joint sale of multiple commercial papers, etc.
(B) Simultaneous joint sale of multiple shares with similar current or future stock prices.
(C) Simultaneous joint sale of multiple convertible bonds and simultaneous joint sale of multiple warrant bonds with similar current and future credit risk projections and current and future stock price levels.
最終資金運用者２もしくは運用代行者３と、売出人１５もしくは売出代行者１６との取引が成立した時点で、運営者１は取引照合を買入側、売出側の双方に対して行い、その後、本システム上の口座振替処理によって、約定金額が最終資金運用者２もしくは運用代行者３の口座から売出人１５もしくは売出代行者１６の口座へと振り替えられる。尚、貸付債権や債券の約定金額は、買入側が売出側に支払う経過利子を差し引いた金額となる。貸付債権に関し、運営者１は売出側が買入側に債権を譲渡する契約書などを作成して、これに買入側と売出側の双方が調印する。債券や株券、コマーシャル・ペーパーなどの本券に関し、運営者１は自らの責任においてこれらを保管し、売出側から買入側への受渡を口座振替処理によって行うことができる。この場合、買入側と売出側の間で本券の授受は行われない。
尚、最終資金運用者２や運用代行者３は、本システムを利用して、保有する有価証券を他の最終資金運用者２や運用代行者３へ貸し出すことができる。
When the transaction between the final fund manager 2 or the agent 3 and the seller 15 or the agent 16 is completed, the operator 1 checks the transaction with both the buyer and the seller, and thereafter, By the account transfer processing on the present system, the contracted amount is transferred from the account of the final fund manager 2 or the agent 3 to the account of the seller 15 or the agent 16. Note that the contracted amount of the loan or bond is the amount obtained by subtracting the accrued interest paid by the buyer to the seller. Regarding the loan receivable, the operator 1 prepares a contract in which the selling side transfers the receivable to the buying side, and both the buying side and the selling side sign the contract. The operator 1 can store these bonds, such as bonds, stock certificates, and commercial papers, at their own risk, and transfer them from the selling side to the buying side by performing an account transfer process. In this case, the transfer of this ticket is not performed between the purchasing side and the selling side.
Note that the final fund manager 2 and the agent 3 can use this system to lend the securities held to other final fund managers 2 and the agent 3.
売出終了後、運営者１が下記の件などに関して管理業務を行う。
（ａ）当該売出に絡み、最終資金運用者２、運用代行者３、売出人１５、売出代行者１６が各々、法規や社内ルールの遵守、当局への取引報告、一般への情報開示などを適宜行っているかどうかを検査する。また、運営者１は、必要に応じて、自ら当局への報告や一般への開示などを行う。
（ｂ）当該売出に絡み、本システム上でリスク管理や損益管理に使えるソフトウェアなどのツールを、最終資金運用者２や運用代行者３に対して提供する。
（ｃ）最終資金調達者６もしくは調達代行者７から最終資金運用者２もしくは運用代行者３に対しての果実や元本の支払を、本システム上の口座振替処理によって行う。また、運営者１は、回線使用料やサービス提供料、広告料、情報提供料、運用評価料、各種代行料などの支払を、本システム上の当事者間の口座振替処理によって行うことができる。
（ｄ）貸付債権の期中返済、債券やコマーシャル・ペーパーの期中償還、貸付債権や債券の期中の金利変更、株式分割、議決権などの株主権の行使、転換社債の株式への転換権行使、ワラント債の株式の買取権行使など、最終資金運用者２もしくは運用代行者３、最終資金調達者６もしくは調達代行者７による各種の権利行使の事務手続きをする。
（ｅ）貸付債権や債券、コマーシャル・ペーパーなどの期中において最終資金調達者６もしくは調達代行者７の信用力が大きく低下した場合、又は期中や満期において、最終資金調達者６もしくは調達代行者７が利子や元本を支払えず債務不履行に陥った場合、その時点の債権者（最終資金運用者２もしくは運用代行者３）のために債権の保全・回収や法的手続に関し指導的な役割を果たす。
After the sale is completed, the operator 1 performs management work on the following matters.
(A) In connection with the sale, the final fund manager 2, the investment agent 3, the seller 15, and the agent 16 each comply with laws and regulations, internal rules, report transactions to authorities, disclose information to the public, etc. Inspect if you have done this as appropriate. The operator 1 also reports to the authorities and discloses it to the public as necessary.
(B) In connection with the selling, tools such as software that can be used for risk management and profit / loss management on the present system are provided to the final fund manager 2 and the agent 3.
(C) Payment of fruits and principal from the final fundraising party 6 or the procurement agent 7 to the final fund manager 2 or the operation proxy 3 is performed by the account transfer processing in the present system. In addition, the operator 1 can pay a line usage fee, a service providing fee, an advertising fee, an information providing fee, an operation evaluation fee, various agency fees, and the like by an account transfer process between the parties on the present system.
(D) repayment of loan receivables during the term, redemption of bonds and commercial paper during the term, change of interest rate of loan receivables and bonds during the term, stock split, exercise of shareholder rights such as voting rights, exercise of convertible bonds into shares, The final fund manager 2 or the agent 3 and the final funder 6 or the agent 7 carry out various procedures for exercising various rights, such as exercising the right to purchase warrant bonds.
(E) When the creditworthiness of the final financing party 6 or the procurement agent 7 is significantly reduced during the term of the loan receivables, bonds, commercial paper, etc., or during the term or at maturity, the final financing party 6 or the procurement agent 7 Is unable to pay interest or principal and defaults, and takes a leading role in the preservation and collection of receivables and legal proceedings for the current creditor (final fund manager 2 or agent 3). Fulfill.
ところで、最終資金運用者２間の取引は、最終資金運用者２と最終資金調達者６との間の取引と同時に実施することが可能である。例えば、後者の取引で債券を発行する最終資金調達者６は、前者の取引で最終資金運用者２として貸付債権を購入し、調達コストと運用利回りの格差で利鞘を稼ぐことができる。 Incidentally, the transaction between the final fund manager 2 and the final fund manager 2 can be performed simultaneously with the transaction between the final fund manager 2 and the final fund manager 6. For example, the final fund raiser 6 who issues bonds in the latter transaction can purchase a loan receivable as the final fund manager 2 in the former transaction, and can earn a profit margin by the difference between the procurement cost and the investment yield.
次に、本実施例における資金の流れと課金の仕組みを説明する。
図４は、流通市場における一般的な売買の場合の一実施例である。
図中［１］は、最終資金運用者２（買い手）もしくは運用代行者３（買い手）が、最終資金運用者２（売り手）もしくは運用代行者３（売り手）へ買付代金を支払う。取引に関して、本システムの運営者１が徴収する証拠金を含む。
［２］は、各利用者から本システムの運営者１へ、回線使用料やサービス提供料、広告料（スクリーンに掲載するバナー広告やポップアップ広告）などを支払う。
［３］は、最終資金運用者２及び運用代行者３から運用参考資料提供者５へ情報提供料を支払う。
［４］は、最終資金運用者２から運用評価者４へ運用評価料を支払う。
［５］は、最終資金運用者２から運用代行者３へ運用代行料を支払う。
［６］は、最終資金調達者６もしくは調達代行者７から、その時点の保有者（最終資金運用者２もしくは運用代行者３）へ果実や元本を支払う。
Next, the flow of funds and the mechanism of charging in this embodiment will be described.
FIG. 4 shows an embodiment of the case of general trading in a secondary market.
In the figure, [1] indicates that the final fund manager 2 (buyer) or the agent 3 (buyer) pays the purchase price to the final fund manager 2 (seller) or the agent 3 (seller). Includes the margin collected by the operator 1 of the system for the transaction.
In [2], each user pays a line usage fee, a service providing fee, an advertisement fee (banner advertisement or pop-up advertisement to be displayed on a screen) to the operator 1 of the system.
In [3], an information provision fee is paid from the final fund manager 2 and the agent 3 to the operation reference material provider 5.
[4] pays an operation evaluation fee from the final fund manager 2 to the operation evaluator 4.
In [5], the final fund manager 2 pays the management agent fee to the management agent 3.
[6] pays fruit and principal from the final fundraising party 6 or the procurement agent 7 to the holder at that time (the final fund manager 2 or the funding agent 3).
そして図６は、売出の場合の一実施例である。
図中［１］は、最終資金運用者２（買い手）もしくは運用代行者３（買い手）が、売出人１５もしくは売出代行者１６へ買入代金を支払う。取引に関して、本システムの運営者１が徴収する証拠金を含む。
［２］は、各利用者から本システムの運営者１へ、回線使用料やサービス提供料、広告料（スクリーンに掲載するバナー広告やポップアップ広告）などを支払う。
［３］は、最終資金運用者２や運用代行者３、売出人１５、売出代行者１６から運用参考資料提供者５へ情報提供料を支払う。
［４］は、最終資金運用者２及び売出人１５から運用評価者４へ運用評価料を支払う。
［５］は、最終資金運用者２から運用代行者３へ運用代行料を支払う。
［６］は、売出人１５から売出代行者１６へ売出代行料を支払う。
［７］は、最終資金調達者６もしくは調達代行者７から、その時点の保有者（最終資金運用者２もしくは運用代行者３）へ果実や元本を支払う。
FIG. 6 shows an embodiment in the case of selling.
In [1] in the figure, the final fund manager 2 (buyer) or the agent 3 (buyer) pays the seller 15 or the agent 16 for the purchase. Includes the margin collected by the operator 1 of the system for the transaction.
In [2], each user pays a line usage fee, a service providing fee, an advertisement fee (banner advertisement or pop-up advertisement to be displayed on a screen) to the operator 1 of the system.
In [3], an information provision fee is paid from the final fund manager 2, the investment agent 3, the seller 15, and the agent 16 to the operation reference material provider 5.
In [4], the final fund manager 2 and the seller 15 pay an operation evaluation fee to the operation evaluator 4.
In [5], the final fund manager 2 pays the management agent fee to the management agent 3.
In [6], the selling agent 15 pays the selling agent fee to the selling agent 16.
[7] pays fruit and principal from the final fundraising party 6 or the procurement agent 7 to the holder at that time (the final fund manager 2 or the funding agent 3).
次に、図７及び図８は、本実施の形態における最終資金取引者間の取引を示した図である。
まず、本システムの運営者１は、当該サービスを利用したい最終資金取引者１７、取引代行者１８、取引評価者１９、取引提案資料提供者２０を特定し、スクリーン上に資金取引商品別（各種外国為替商品２１、各種金利派生商品２２、各種株式派生商品２３、その他複合派生商品２４など）のセクションを設ける。当該サービスの利用者は、資料の授受や連絡・相談、市場取引、取引照合、契約書の調印、決済などを本システム上で行う。
Next, FIGS. 7 and 8 are diagrams showing transactions between the final fund traders in the present embodiment .
First, the operator 1 of the present system specifies a final fund trader 17, a transaction agent 18, a transaction evaluator 19, and a transaction proposal document provider 20 who want to use the service, and displays on the screen a fund transaction product (various types). Sections such as foreign exchange products 21, various interest derivative products 22, various stock derivative products 23, and other composite derivative products 24) are provided. The user of the service performs the exchange of materials, communication / consultation, market transactions, transaction matching, signing of contracts, settlement, etc. on this system.
次に、取引提案資料提供者２０は、テキストや電子文書フォーマットなどの形態を用いて、最終資金取引者１７や取引代行者１８へ取引提案資料をリアルタイムに送付し始める。一方、運営者１は、各種資金取引商品の現在の相場水準、取引数量及びそれらの推移を、商品別のセクションでリアルタイムに表示し始める。これらの各種資料や市場実勢の数値を基に、最終資金取引者１７や取引代行者１８は資金取引商品の相場水準を把握し、市場取引に参加するタイミングを窺う。
尚、本実施例でいう相場水準とは、各種外国為替商品や各種金融派生商品、各種基礎商品の約定値や気配値、理論値、また、資金調達案件や売出案件の確定条件、仮条件などを指し、本実施例以外の金融取引システムや銀行、証券会社が提供する相場水準を含む。
Next, the transaction proposal material provider 20 starts sending the transaction proposal material to the final fund trader 17 and the transaction agent 18 in real time using a format such as text or an electronic document format. On the other hand, the operator 1 starts to display the current market level, transaction volume, and their transition of various fund transaction products in a product-specific section in real time. Based on these various materials and the actual market values, the final fund trader 17 and the transaction agent 18 grasp the market level of the fund trading product and see the timing of participating in market trading.
In addition, the market level referred to in the present example is the contracted value, indicative price, theoretical value of various foreign exchange products, various financial derivative products, various basic products, fixed conditions, provisional conditions, etc. And includes market levels provided by financial transaction systems other than the embodiment , banks and securities companies.
最終資金取引者１７は、運営者１などが提供するデータベースに記されたプロフィールや評価料体系のデータなどを基に、取引評価者１９を選定する。
次に、最終資金取引者１７より選定された取引評価者１９は、『過去の取引成績』や『他の取引代行者との比較データ』、『市場指数の推移と取引成績との比較データ』、『取引代行料の体系』などを基に、最終資金取引者１７の取引方針・取引目標に合致した取引代行者１８を当該最終資金取引者１７に紹介する。取引評価者１９は、上記データをデータベース化し、最終資金取引者１７が自ら検索できるよう、これを本システム経由提供することができる。最終資金取引者１７に提供する各種データを取引評価者１９が作成しやすいよう、最終資金取引者１７は自己の取引を委託した取引代行者１８に対し、取引の実績をリアルタイムに取引評価者１９へ報告させる。
尚、最終資金取引者１７は、単独で取引に参加する場合においても、その取引の評価を取引評価者１９に要請することができる。また取引評価者１９は、ソフトウェアなど、その取引の評価を行うためのツールを、最終資金取引者１７へ本システム経由提供することができる。
The final fund transactor 17 selects the transaction evaluator 19 based on the profile and the data of the evaluation fee system recorded in the database provided by the operator 1 or the like.
Next, the transaction evaluator 19 selected from the final fund transactor 17 includes "Past transaction results", "Comparison data with other transaction agents", and "Comparison data of changes in market indices and transaction results". Based on the “transaction agency fee system” and the like, the transaction agency 18 that matches the transaction policy and the transaction goal of the final fund trader 17 is introduced to the final fund trader 17. The transaction evaluator 19 can make the above data into a database and provide it via the present system so that the final fund transaction person 17 can search by himself. In order to make it easy for the transaction evaluator 19 to create various data to be provided to the final fund trader 17, the final fund trader 17 provides the transaction agent 18 entrusted with his / her own transaction with the transaction evaluator 19 in real time. Report to.
The final fund trader 17 can request the transaction evaluator 19 to evaluate the transaction even when participating alone in the transaction. Further, the transaction evaluator 19 can provide a tool for evaluating the transaction, such as software, to the final fund transactor 17 via the present system.
次に、取引評価者１９から取引代行者１８の紹介を受けた最終資金取引者１７は、その紹介された取引代行者１８に取引を一任するか、又は取引代行者１８からは助言のみを提供されて単独で取引に参加するかどうかを決断する。最終資金取引者１７が取引代行者１８と締結する代行契約は、特定の取引を対象としてもよいし、取引委託金額を定めて、代行契約期間内の全ての取引を委託してもよい。また、最終資金取引者１７は複数の取引代行者１８を指名でき、一方、取引代行者１８は複数の最終資金取引者１７から取引の代行を受託できる。取引代行者１８は、信用力が近く取引方針や取引目標が一致する最終資金取引者１７の取引需要を束ねてプールし、当該プール別に資金取引を代行できる。
取引代行者１８は、国内外の信託勘定や各種ファンドを使用して、最終資金取引者１７より受託する取引資金を、自己の信用リスクから切り離すことができる。
尚、最終資金取引者１７は、取引評価者１９や取引代行者１８を利用することなく取引に直接参加することが可能である。また、本システムの運営者１は、最終資金取引者１７が取引評価者１９を経由することなく取引代行者１８を選定できるよう、取引代行者１８のプロフィールや代行料体系を格納したデータベースなどを最終資金取引者１７へ提供することがある。
Next, the final fund trader 17 who has been referred to the transaction agent 18 by the transaction evaluator 19 either leaves the transaction to the introduced transaction agent 18 or provides only advice from the transaction agent 18. Decide whether to participate in the deal alone. The proxy contract concluded by the final fund trader 17 with the transaction agent 18 may be for a specific transaction, or a transaction commission amount may be set, and all transactions within the agency contract period may be entrusted. In addition, the final fund trader 17 can designate a plurality of transaction agents 18, while the transaction agent 18 can accept a transaction from a plurality of final fund transactions 17. The transaction agent 18 can collect and pool the transaction demands of the final fund transactors 17 having close creditworthiness and matching transaction policies and transaction targets, and can act as a fund transaction for each pool.
The transaction agent 18 can use the trust accounts and various funds in Japan and abroad to separate the transaction funds received from the final fund transactor 17 from its own credit risk.
The final fund trader 17 can directly participate in the transaction without using the transaction evaluator 19 or the transaction agent 18. In addition, the operator 1 of the present system prepares a database or the like that stores the profile of the transaction agent 18 and the agency fee system so that the final fund transaction person 17 can select the transaction agent 18 without going through the transaction evaluator 19. It may be provided to the final fund trader 17.
次に、最終資金取引者１７もしくは取引代行者１８は、運営者１へ取引資金又は証拠金を振り込み、運営者１はそれを最終資金取引者１７別もしくは取引代行者１８別の口座に保管する。最終資金取引者１７や取引代行者１８の信用力が低い場合、運営者１は最終資金取引者１７や取引代行者１８に担保や保証人を設定させて信用リスクを最小化する。 Next, the final fund trader 17 or the transaction agent 18 transfers the transaction fund or margin to the operator 1, and the operator 1 stores it in an account for each of the final fund transaction 17 or the transaction agent 18. . When the creditworthiness of the final fund trader 17 or the transaction agent 18 is low, the operator 1 sets the security or guarantor to the final fund transaction 17 or the transaction agent 18 to minimize the credit risk.
次に、最終資金取引者１７もしくは取引代行者１８は、特定の資金取引商品の買建又は売建、契約の締結を決定した段階で、指値注文（取引数量、特定の価格や金利・利回り・上乗せ利回り・為替レートなどを指定）もしくは成行注文（取引数量などを指定、価格や金利・利回り・上乗せ利回り・為替レートなどは不指定）を運営者１へ送信する。運営者１は本システムのマッチング機能を利用して、成行注文、より相手方寄りの指値注文、より提出時期が早い注文を優先して、最終資金取引者１７もしくは取引代行者１８へ金額や枚数を自動的に割り振っていく。 Next, the final fund trader 17 or the transaction agent 18 decides to buy or sell a specific fund trading product and conclude a contract at the stage where the limit order (trading volume, specific price, specific price, interest rate, yield, An additional yield / exchange rate is specified) or a market order (specify the transaction quantity, etc., and the price, interest rate, yield, additional yield, exchange rate, etc. are not specified) are transmitted to the operator 1. The operator 1 uses the matching function of the present system to give priority to a market order, a limit order closer to the other party, and an order that is submitted earlier, and gives the money amount and the number of sheets to the final fund trader 17 or the transaction agent 18. Allocate automatically.
外国為替商品や金融派生商品は、仕組みが複雑になるほど流動性が低下する傾向があるため、運営者１は、以下のような方法で商品の流動性を補完する。
（ａ）流動性が高い為替直物商品や各種先物商品を標準化された規格商品とし、最終資金取引者１７に売買してもらう。
（ｂ）運営者１は、規格商品間の尺度とキャッシュフローのズレを調整（価格ベース対金利ベース、単利ベース対複利ベース、半年利回りベース対１年利回りベース、前払いベース対後払いベースなど）しながら、合成作業で各種オプション商品や各種先渡商品などを作り、最終資金取引者１７に取引してもらう。
（ｃ）次に、またそれらの合成商品の更なる合成で各種スワップ商品や各種キャップ商品、各種先物オプション商品など、より複雑な商品を作っていき、最終資金取引者１７に取引してもらう。
（ｄ）上記合成商品の中で、その時々の市場環境や人気によっては流動性の高い商品が登場してくるが、そう言った商品は規格商品に実質格上げされることになる。
（ｅ）流動性が低下してきた合成商品は再び分解し、より規格商品に近い形に戻して最終資金取引者１７に取引してもらう。
（ｆ）運営者１は、複雑な商品の買建注文に応える場合、複数の規格商品の売建注文を束ねて合成し、それを当該買建注文にマッチさせる（買建１対売建多数）。一方、複雑な商品の売建注文に応える場合は、それを一旦分解し、バラバラにした個々の商品に対する買建注文を募る（買建多数対売建１）。
本実施の形態における外国為替取引や金融派生商品取引では、上記の合成・分解作業の結果、最終資金取引者や取引代行者の需要が１商品についてマッチされるとは限らず、単一商品対複数商品又は複数商品対複数商品で需要がマッチされる場合が生じる。図７における実施例として、各種外国為替商品２１のセクションでは３商品に対する需要が２商品に対する需要とマッチされ、同様に、各種金利派生商品２２のセクションでは１商品対３商品、各種株式派生商品２３のセクションでは３商品対１商品、また、その他複合派生商品２４のセクションでは２商品対２商品で資金取引が成立している。
Since the liquidity of foreign exchange products and financial derivatives tends to decrease as the structure becomes more complicated, the operator 1 supplements the liquidity of the products in the following manner.
(A) The foreign currency spot products and various futures products having high liquidity are standardized standard products, and the final fund trader 17 buys and sells them.
(B) Operator 1 adjusts the gap between the standard products and the cash flow (price-based vs. interest-based, simple interest-based vs. compound interest-based, semi-annual yield-based vs. 1-year yield-based, prepaid-based vs. postpaid-based, etc.) In the meantime, various optional products, various forward products, and the like are created by the combining operation, and the final fund trader 17 makes a transaction.
(C) Next, by further synthesizing those synthetic products, more complicated products such as various swap products, various cap products, various future option products, etc. are made, and the final fund trader 17 trades them.
(D) Among the above synthetic products, products with high liquidity will appear depending on the market environment and popularity at that time, but such products will be upgraded to standard products.
(E) The synthetic product whose liquidity has been reduced is decomposed again, returned to a form closer to the standard product, and has the final fund trader 17 trade it.
(F) When responding to a purchase order for a complex product, the operator 1 bundles and combines sales orders for a plurality of standardized products and matches it with the purchase order (one purchase versus one for many sales). ). On the other hand, when responding to a sell order of a complicated product, the order is once broken down and a buy order for each of the separated commodities is solicited (buy many vs. sell 1).
In the foreign exchange transaction and the financial derivative transaction according to the present embodiment, as a result of the above-described combining / disassembling work, the demand of the final fund trader or the transaction agent is not always matched for one product, and the There may be cases where demand is matched for multiple products or multiple products versus multiple products. As an example in FIG. 7, in the section of various foreign exchange products 21, the demand for three products is matched with the demand for two products, and similarly, in the section of various interest rate derivatives 22, one product to three products and various stock derivatives 23. Section, a three-commodity-to-one-commodity transaction is established, and in the other composite derivative-commodity section 24, a two-commodity-to-two-commodity transaction is established.
運営者１は、信用力が近く取引方針や取引目標が一致する最終資金取引者１７もしくは取引代行者１８を募り、それら複数の最終資金取引者１７や取引代行者１８による同時合同取引を運営できる。これらの同時合同取引は、特定の複数の最終資金取引者１７もしくは取引代行者１８からの要請に応じて、運営者１が実施する場合もある。また、同時合同取引は、資金取引商品の特定の取引を対象にしてもよいし、特定された期間内の全ての取引を対象にしてもよい。 The operator 1 recruits a final fund trader 17 or a transaction agent 18 having a close creditworthiness and a matching transaction policy or transaction target, and can operate a simultaneous joint transaction by the plurality of final fund transaction persons 17 or the transaction agent 18. . These simultaneous joint transactions may be executed by the operator 1 in response to a request from a specific plurality of final fund traders 17 or transaction agents 18. Further, the simultaneous joint transaction may target a specific transaction of a fund transaction product, or may target all transactions within a specified period.
当事者間の取引が成立した時点で、運営者１は取引照合を双方に対して行い、その後、本システム上の口座振替処理によって、経過利子などを考慮した約定金額が一方の当事者の口座から他方の当事者の口座へと振り替えられる。また、各種取引に関して運営者１は契約書を作成し、これに双方の当事者が調印する。 When the transaction between the parties is completed, the operator 1 checks the transaction with both parties, and thereafter, the account transfer processing on the present system allows the contracted amount considering the accrued interest and the like to be transferred from the account of one party to the other. Will be transferred to the account of the other party. In addition, the operator 1 creates contracts for various transactions, and both parties sign the contracts.
取引約定後、運営者１が下記の件などに関して管理業務を行う。
（ａ）取引に絡み、最終資金取引者１７や取引代行者１８が法規や社内ルールの遵守、当局への取引報告、一般への情報開示などを適宜行っているかどうかを検査する。また、運営者１は、必要に応じて、自ら当局への報告や一般への開示などを行う。
（ｂ）取引に絡み、本システム上でリスク管理や損益管理に使えるソフトウェアなどのツールを、最終資金取引者１７や取引代行者１８に対して提供する。
（ｃ）最終資金取引者１７もしくは取引代行者１８と、相手方との果実や元本の授受、最終資金取引者１７もしくは取引代行者１８が反対売買した後の差金決済などを、本システム上の口座振替処理によって行う。また、運営者１は、回線使用料やサービス提供料、広告料、情報提供料、取引評価料、取引代行料などの支払を、本システム上の当事者間の口座振替処理によって行うことができる。
（ｄ）資金取引商品の買建側が権利行使をした際、買建側−売建側間に生じる事務手続きを行う。
（ｅ）最終資金取引者１７もしくは取引代行者１８が契約を解除する場合や、契約を第三者へ譲渡する場合に生じる事務手続きを行う。
（ｆ）取引が成立してから、反対売買や買建側の権利行使などを通じて取引の清算が終わるまでの間、又は締結した取引の契約期間中、最終資金取引者１７もしくは取引代行者１８の信用力が低下した場合に、運営者１は当該最終資金取引者１７もしくは当該取引代行者１８から証拠金を追徴したり、追加担保や追加保証人を設定したりして信用リスクを最小化する。それでも、最終資金取引者１７もしくは取引代行者１８が債務不履行に陥った場合、その相手方のために債権の保全・回収や法的手続に関し指導的な役割を果たす。
After the contract is executed, the operator 1 performs management work on the following matters.
(A) In connection with the transaction, it is examined whether or not the final fund trader 17 or the transaction agent 18 appropriately complies with laws and regulations, internal rules, reports a transaction to an authority, discloses information to the public, and the like as appropriate. The operator 1 also reports to the authorities and discloses it to the public as necessary.
(B) Provide tools such as software that can be used for risk management and profit / loss management on the present system to the final fund trader 17 and the transaction agent 18 in connection with the transaction.
(C) Transfer of fruit and principal between the final fund trader 17 or the transaction agent 18 and the other party, settlement of the difference after the final fund trader 17 or the transaction agent 18 has traded back, etc., in this system. This is done by account transfer processing. In addition, the operator 1 can pay a line usage fee, a service providing fee, an advertising fee, an information providing fee, a transaction evaluation fee, a transaction agency fee, and the like by an account transfer process between the parties on the present system.
(D) When the buying side of the fund transaction product exercises the right, the administrative procedures that occur between the buying side and the selling side are performed.
(E) Perform the administrative procedures that occur when the final fund trader 17 or the transaction agent 18 cancels the contract or transfers the contract to a third party.
(F) During the period from the conclusion of the transaction until the settlement of the transaction through counter-trading or the exercise of the rights of the buying side, or during the contract period of the transaction concluded, the final fund trader 17 or the transaction agent 18 When the creditworthiness is reduced, the operator 1 minimizes credit risk by collecting margin from the final fund trader 17 or the transaction agent 18 or setting additional security or additional guarantor. . Nevertheless, if the final fund trader 17 or the transaction agent 18 defaults, he / she plays a leading role in the security and collection of receivables and legal proceedings for the counterparty.
ところで、最終資金取引者１７間の取引は、最終資金運用者２と最終資金調達者６との間の取引と同時に実施することが可能である。例えば、後者の取引で固定金利の資金を調達する最終資金調達者６は、最終資金取引者１７として前者のスワップ取引に参加し、調達金利を変動金利へ実質変更することができる。
また、最終資金取引者１７間の取引は、最終資金運用者２間の取引と同時に実施することも可能である。例えば、後者の取引で外貨建ての有価証券を購入する最終資金運用者２は、最終資金取引者１７として前者の外国為替取引に参加し、当該有価証券の為替リスクをヘッジすることができる。
Incidentally, the transaction between the final fund traders 17 can be performed simultaneously with the transaction between the final fund manager 2 and the final fund raiser 6. For example, the final fund raiser 6 that raises a fixed interest rate fund in the latter transaction can participate in the former swap transaction as the final fund trader 17 and substantially change the procurement interest rate to a floating interest rate.
Further, the transaction between the final fund managers 17 can be performed simultaneously with the transaction between the final fund managers 2. For example, the final fund manager 2 who purchases foreign currency-denominated securities in the latter transaction can participate in the former foreign exchange transaction as the final fund transactor 17 and hedge the currency risk of the securities.
次に、図８に基づいて本実施例の資金の流れと課金の仕組みを説明する。
図中［１］は、最終資金取引者１７もしくは取引代行者１８と、他の最終資金取引者１７もしくは他の取引代行者１８との間における取引代金や果実、元本の流れを示す。取引に関して、本システムの運営者１が徴収する証拠金を含む。
［２］は、各利用者から本システムの運営者１へ、回線使用料やサービス提供料、広告料（スクリーンに掲載するバナー広告やポップアップ広告）などを支払う。
［３］は、最終資金取引者１７及び取引代行者１８から取引提案資料提供者２０へ情報提供料を支払う。
［４］は、最終資金取引者１７から取引評価者１９へ取引評価料を支払う。
［５］は、最終資金取引者１７から取引代行者１８へ取引代行料を支払う。
Next, the flow of funds and the mechanism of charging according to the present embodiment will be described with reference to FIG.
In the figure, [1] shows the flow of transaction price, fruit, and principal between the final fund trader 17 or the transaction agent 18 and another final fund transaction 17 or another transaction agent 18. Includes the margin collected by the operator 1 of the system for the transaction.
In [2], each user pays a line usage fee, a service providing fee, an advertisement fee (banner advertisement or pop-up advertisement to be displayed on a screen) to the operator 1 of the system.
[3] pays an information provision fee from the final fund transaction person 17 and the transaction agent 18 to the transaction proposal material provider 20.
[4] pays a transaction evaluation fee from the final fund trader 17 to the transaction evaluator 19.
In [5], a transaction agent fee is paid from the final fund transaction person 17 to the transaction agent 18.
次に、図７に示す各種金融商品について定義する。
外国為替商品とは、主に次のような商品をいう。尚、（ｂ）乃至（ｆ）は金融派生商品にも分類される。
（ａ）為替直物取引：現在の為替レートでの通貨の売買をいう。
（ｂ）為替先物取引：将来の為替レートで通貨を売買する金融派生商品をいう。
（ｃ）通貨先物取引：将来の為替レートを売買する金融派生商品をいう。
（ｄ）通貨オプション取引：通貨を買う権利や売る権利を売買する金融派生商品をいう。
（ｅ）通貨先物オプション取引：通貨先物を買う権利や売る権利を売買する金融派生商品をいう。
（ｆ）通貨スワップ取引：異なる通貨の元本・金利の支払や受取を交換する金融
派生商品をいう。
Next, various financial products shown in FIG. 7 are defined.
Foreign exchange products mainly refer to the following products. Note that (b) to (f) are also classified as financial derivative products.
(A) Exchange spot transaction: A transaction of a currency at a current exchange rate.
(B) Foreign exchange futures trading: Derivatives that buy and sell currencies at future exchange rates.
(C) Currency futures trading: Derivatives that buy or sell future exchange rates.
(D) Currency option trading: A financial derivative product that buys or sells the right to buy or sell currency.
(E) Currency futures option transaction: a financial derivative product that buys or sells the right to buy or sell currency futures.
(F) Currency swap transaction: A derivative financial instrument that exchanges principal and interest payments and receipts in different currencies.
金利派生商品とは、主に次のような商品をいう。
（ａ）金利先物取引：将来の金利を売買する金融派生商品をいう。
（ｂ）金利先物オプション取引：金利先物を買う権利や売る権利を売買する金融派生商品をいう。
（ｃ）債券先物取引：将来の債券価格を売買する金融派生商品をいう。
（ｄ）債券現物オプション取引：債券を買う権利や売る権利を売買する金融派生商品をいう。
（ｅ）債券先物オプション取引：債券先物を買う権利や売る権利を売買する金融派生商品をいう。
（ｆ）金利スワップ取引：固定金利と変動金利など、異なる金利の支払や受取を交換する金融派生商品をいう。
（ｇ）スワップション取引：スワップ取引を行う権利を売買する金融派生商品をいう。
（ｈ）金利先渡取引：将来の金利を確定する金融派生商品をいう。
（ｉ）キャップ取引：金利の上限を保証する金融派生商品をいう。
（ｊ）フロアー取引：金利の下限を保証する金融派生商品をいう。
（ｋ）カラー取引：金利の上下限を保証する金融派生商品をいう。
Interest rate derivative products mainly refer to the following products.
(A) Interest rate futures transaction: a derivative financial instrument that buys and sells future interest rates.
(B) Interest rate futures option transaction: A financial derivative product that buys or sells the right to buy or sell interest rate futures.
(C) Bond futures transactions: Derivatives that buy or sell future bond prices.
(D) In-kind bond option transaction: A financial derivative product that buys and sells the right to buy and sell bonds.
(E) Bond futures option transaction: a financial derivative product that buys and sells the right to buy and sell bond futures.
(F) Interest rate swap transaction: A financial derivative product that exchanges payments and receipts of different interest rates, such as fixed and floating interest rates.
(G) Swaption transactions: Derivative products that buy or sell the right to perform swap transactions.
(H) Forward interest rate transactions: Derivative financial instruments that determine future interest rates.
(I) Cap transaction: A financial derivative product that guarantees a maximum interest rate.
(J) Floor transactions: Derivative financial instruments that guarantee a minimum interest rate.
(K) Color trading: financial derivatives that guarantee the upper and lower limits of interest rates.
株式派生商品とは、主に次のような商品をいう。
（ａ）株価指数先物取引：将来の株価指数を売買する金融派生商品をいう。
（ｂ）株価指数オプション取引：株価指数を買う権利や売る権利を売買する金融派生商品をいう。
（ｃ）株価指数先物オプション取引：株価指数先物を買う権利や売る権利を売買する金融派生商品をいう。
（ｄ）個別株オプション取引：個別の株式を買う権利や売る権利を売買する金融派生商品をいう。
Stock derivative products mainly refer to the following products.
(A) Stock index futures trading: Derivatives that buy or sell future stock indices.
(B) Stock index option trading: a financial derivative product that buys and sells the right to buy and sell the stock index.
(C) Stock index futures option trading: A financial derivative product that buys or sells the right to buy or sell a stock index futures.
(D) Individual stock option trading: a derivative financial instrument that buys or sells the right to buy or sell an individual stock.
その他複合派生商品とは、次のような商品などをいう。
（ａ）株価スワップ取引：株価指数と金利の交換、又は異なる株価指数同士の交換などを行う金融派生商品をいう。
（ｂ）信用スワップ取引：信用リスクを交換する金融派生商品をいう。
Other composite derivative products refer to the following products.
(A) Stock swap transaction: A financial derivative product that exchanges stock indices with interest rates or exchanges between different stock indices.
(B) Credit swap transactions: Derivative financial instruments that exchange credit risk.
実施の形態２．
以下、本発明の実施の形態２を、ブロック図である図９を用いて詳細に説明する。
まず本システムは、インターネット２５上に配置され、伝統的な仲介者を排除した各種金融市場を提供する仲介排除金融取引サイト２６（以下、サイト２６）と、これらの市場において資金運用や資金調達、売出、資金取引といった金融取引を行うための複数のクライアント端末２７より構成されている。
当該クライアント端末２７を利用するのは、最終顧客即ち最終資金運用者、最終資金調達者、売出人及び最終資金取引者、並びに彼らを各々代表する運用代行者、調達代行者、売出代行者及び取引代行者（以下、全て金融取引者）などであり、これらの金融取引者は、自らのクライアント端末２７から前記サイト２６へアクセスすることによって金融取引をマッチング・ベースで成立させ、それらの金融取引に付随する各種業務を行うことができる。
本サイト２６は、クライアント端末２７からの金融商品の注文を順次処理し、金融取引に関する決済・管理業務を順次行い、金融取引に必要な様々なデータをクライアント端末２７へ適宜配信するためのものであり、１台以上の仲介排除金融取引サーバ２８（以下、サーバ２８）、支援端末２９、クライアント情報データベース３０、金融商品データベース３１、契約管理データベース３２、決済管理データベース３３、配信資料データベース３４、及びこれらを接続する母線を備えている。
尚、本システムでは、国内外を問わず１日２４時間、各種金融取引の執行から取引照合、決済に至るまでの過程を継ぎ目なく電子処理するため、電文形式についてはＩＳＯ１５０２２、証券識別コードに関してはＩＳＯ６１６６を用い、また通信規約には例えばＦＩＸ、さらに電文の記述言語としては拡張可能マーク付け言語（ＸＭＬ）を使用する。
Embodiment 2 FIG.
Hereinafter, the second embodiment of the present invention will be described in details with reference to FIG. 9 is a block diagram.
First, the present system is provided on the Internet 25 and provides an intermediary elimination financial transaction site 26 (hereinafter, site 26) that provides various financial markets excluding traditional intermediaries, and manages and raises funds in these markets. It comprises a plurality of client terminals 27 for conducting financial transactions such as selling and fund transactions.
The client terminal 27 is used by the final customer, that is, the final fund manager, the final fund raiser, the seller and the final fund trader, and the investment agent, the procurement agent, the seller, and the transaction representing each of them. They are agents (hereinafter referred to as “financial traders”), and these financial traders make financial transactions on a matching basis by accessing the site 26 from their own client terminals 27, and carry out these financial transactions. Various incidental tasks can be performed.
The site 26 sequentially processes financial product orders from the client terminal 27, sequentially performs settlement and management operations related to financial transactions, and appropriately distributes various data necessary for financial transactions to the client terminals 27. Yes, one or more intermediary elimination financial transaction servers 28 (hereinafter, server 28), support terminals 29, client information database 30, financial product database 31, contract management database 32, settlement management database 33, distribution material database 34, and these Are provided.
In this system, the process from execution of various financial transactions to transaction matching and settlement is processed seamlessly electronically 24 hours a day, both in Japan and abroad. For example, FIX is used as a communication protocol, and an extensible markup language (XML) is used as a description language of a message.
本サーバ２８は、１台以上のワークステーション内の１つ以上の中央処理装置やメモリに格納された１つ以上のプログラムの実行などによって実現し、ウェブ・サーバとしての機能とデータベース・サーバとしての機能を兼ね備えている。前者は、インターネット２５を介し、各クライアント端末２７からのアクセスを受け付けて認証処理を行い、利用者に対するインタフェース画面を形成する各種ウェブページをクライアント端末２７へ提供し、さらにクライアント端末２７との間で情報を遣り取りするウェブ制御機能である。また後者は、クライアント情報データベース３０や金融商品データベース３１、契約管理データベース３２、決済管理データベース３３、配信資料データベース３４へアクセスしてデータを検索し、読み出し、さらに書き込むデータベース制御機能である。そして、これらのデータベースは、ワークステーション内のメモリや１つ以上のハードディスク装置などに格納されている。
支援端末２９は、本システムの運営者が本サーバ２８や各データベースを管理するための端末である。運営者は支援端末２９を用いて全てのクライアント端末２７の金融取引や付随業務の実施状況を監視し、支援端末２９の電子メール機能を利用して各クライアント端末２７との間でメッセージを遣り取りすることができる。
クライアント端末２７は、パーソナル・コンピュータや液晶表示装置を備えた携帯電話機、携帯情報端末、ページャなどの装置であり、制御部３５や表示部３６、入力部３７、通信部３８などから構成されている。制御部３５は、処理装置や記憶装置などを備えて金融取引用のブラウザを含む動作プログラムを記憶。表示部３６及び入力部３７は、様々なデータや諸要求をそれぞれ表示、入力し、通信部３８はインターネット２５上の他の装置と通信を行う。そして利用者は、クライアント端末２７の電子メール機能を利用し、運営者や他のクライアント端末２７との間でメッセージを遣り取りすることができる。
The server 28 is realized by executing one or more programs stored in a memory or one or more central processing units in one or more workstations, and functions as a web server and a database server. It has functions. The former accepts access from each client terminal 27 via the Internet 25, performs authentication processing, provides various web pages forming an interface screen for the user to the client terminal 27, and further communicates with the client terminal 27. Web control function for exchanging information. The latter has a database control function of accessing the client information database 30, the financial product database 31, the contract management database 32, the settlement management database 33, and the distribution material database 34 to search, read, and further write data. These databases are stored in a memory in the workstation, one or more hard disk devices, or the like.
The support terminal 29 is a terminal for the operator of the present system to manage the present server 28 and each database. The operator uses the support terminal 29 to monitor the status of financial transactions and related operations of all the client terminals 27, and exchanges messages with each client terminal 27 using the e-mail function of the support terminal 29. be able to.
The client terminal 27 is a device such as a mobile phone, a personal digital assistant, a pager, or the like having a personal computer or a liquid crystal display device, and includes a control unit 35, a display unit 36, an input unit 37, a communication unit 38, and the like. . The control unit 35 stores an operation program including a financial transaction browser including a processing device and a storage device. The display unit 36 and the input unit 37 display and input various data and various requests, respectively, and the communication unit 38 communicates with other devices on the Internet 25. The user can exchange messages with the operator and other client terminals 27 by using the e-mail function of the client terminal 27.
金融商品データベース３１は、取引の対象である資金運用商品や資金調達商品、資金取引商品の名称・銘柄や種類・属性、諸条件などを登録し、商品別の取引注文の詳細やマッチングの結果、さらには、各種権利の行使や各種義務の履行など金融取引に絡む期中のイベント情報を履歴とともに登録する。
契約管理データベース３２は、電子署名が付与された各種契約書及びそれらの原型となる電子マスター契約書、電子署名が付与された各種目論見書及びそれらの原型となる電子マスター目論見書、並びに当局への各種報告書、一般への各種開示書及びそれらの原型となる電子マスター報告・開示書などを格納し、書類作成処理の進行に従い発生する様々なデータを履歴とともに格納する。
決済管理データベース３３は、本システムの利用者の資金口座番号や証券口座番号などを登録し、利用者間の資金口座振替処理や証券口座振替処理に従い発生する様々なデータを履歴とともに登録する。
配信資料データベース３４は、運用参考資料提供者や調達提案資料提供者、取引提案資料提供者より収集した各種参考・提案資料、運用評価者や調達評価者、取引評価者より収集した彼らのプロフィールや評価料体系に関する自己紹介資料、並びに運用代行者や調達代行者、売出代行者、取引代行者より収集した彼らのプロフィールや代行料体系に関する自己紹介資料を格納する。さらに、利益相反状況の確認を目的に、参考・提案資料提供者や評価者、代行者の株主構成情報や人的資源の情報を併せて格納する。
そして、クライアント情報データベース３０は以下の情報を記憶する。
（ａ）本システムの利用者の個人名及び／又は法人名、法人の場合は個人の所属部署名、電子メール番地を含む連絡先、識別子、合言葉。
（ｂ）金融取引者の信用力格付けや株価格付け、各種財務諸表・財務指標。
（ｃ）金融取引者が最終資金運用者又は運用代行者である場合は運用方針・運用目標、最終資金調達者又は調達代行者である場合は調達方針・調達目標、売出人又は売出代行者である場合は売出方針・売出目標、さらに、最終資金取引者又は取引代行者である場合は取引方針・取引目標。
（ｄ）金融取引者が受信を希望する運用参考資料や調達提案資料、取引提案資料の種類・属性。
（ｅ）金融取引者が利用を希望する運用評価者や調達評価者、取引評価者の種類・属性。
（ｆ）最終顧客が利用を希望する運用代行者や調達代行者、売出代行者、取引代行者の種類・属性。
尚、前記識別子とは、各利用者に割り当てられるコード番号・名前であり、前記合言葉とは、本サーバ２８へアクセスする際に要求される認証情報である。本サーバ２８は識別子によってアクセス者を識別し、識別子と合言葉との組み合わせによってアクセス者を認証する。
The financial product database 31 registers the names and brands, types, attributes, and conditions of the fund management products, fund procurement products, and fund transaction products to be traded. In addition, event information during financial transactions, such as the exercise of various rights and the fulfillment of various obligations, is registered along with the history.
The contract management database 32 stores various contracts with electronic signatures and electronic master contracts as their prototypes, various prospectuses with electronic signatures and electronic master prospectuses as prototypes, and It stores various reports, various disclosures to the general public, and electronic master reports and disclosures serving as prototypes thereof, and stores various data generated along with the progress of the document creation process together with a history.
The settlement management database 33 registers a fund account number and a securities account number of a user of the present system, and registers various data generated according to a fund account transfer process between users and a securities account transfer process along with a history.
The distribution material database 34 includes various reference and proposal materials collected from the operation reference material provider, the procurement proposal material provider, and the transaction proposal material provider, their profiles collected from the operation evaluator, the procurement evaluator, and the transaction evaluator. Stores self-introduction materials on the evaluation fee system, as well as self-introduction materials on their profiles and agency fee systems collected from investment agents, procurement agents, sales agents, and transaction agents. Furthermore, for the purpose of confirming the status of conflicts of interest, information on the shareholder composition and human resources of reference / proposal material providers, evaluators, and agents is also stored.
Then, the client information database 30 stores the following information.
(A) The personal name and / or corporate name of the user of the system, in the case of a corporate, the department name of the individual, the contact information including the e-mail address, the identifier, and the password.
(B) Credit ratings and stock prices of financial traders, various financial statements and financial indicators.
(C) If the financial trader is the final fund manager or agent, then the investment policy / management target; if the financial operator is the final fund raiser or agent, the financing policy / funding target, the seller or agent. If so, the selling policy and target, and if you are the final fund trader or agent, the trading policy and target.
(D) Operation reference materials, procurement proposal materials, and types and attributes of transaction proposal materials that the financial trader wants to receive.
(E) The type and attributes of the operation evaluator, procurement evaluator, and transaction evaluator that the financial trader wants to use.
(F) Types and attributes of an operation agent, a procurement agent, a sales agent, and a transaction agent that the end customer desires to use.
Note that the identifier is a code number / name assigned to each user, and the password is authentication information required when accessing the server 28. The server 28 identifies the accessor by the identifier, and authenticates the accessor by the combination of the identifier and the password.
ところで、本システムにおけるマッチングの手法には入札方式と相対方式とがある。
入札方式は、一般的な資金調達、又は流通市場における売出などにおいて、最終資金調達者もしくは調達代行者、又は売出人もしくは売出代行者が当初より特定されながらも、取引の相手方となる最終資金運用者又は運用代行者が当初より特定されず、仮条件をベースとして基本的に需給バランスの原理で注文がマッチされる場合に利用される。これらのマッチングにおいては、調達側又は売出側が出品者を務め、運用側が入札者を務めることになる。
また入札方式は、流通市場における一般的な資金運用、又は一部の資金取引などにおいて、取引の相手方となる最終資金運用者もしくは運用代行者、又は最終資金取引者もしくは取引代行者が当初より特定されず、基本的に需給バランスの原理で注文がマッチされる場合にも利用される。これらのマッチングにおいては、買付側と売付側とが対峙又は買建側と売建側とが対峙することになる。
一方、相対方式は、一部の資金取引、又は運用側からの要求に応じて実施される資金調達などにおいて、取引の相手方を当初より特定もしくは限定し、需給バランスの原理が直接的には作用しない環境下で注文がマッチされる場合などに利用される。これらのマッチングにおいては、買建側と売建側とが対峙又は運用側と調達側とが対峙することになる。
By the way, the matching method in the present system includes a bidding method and a relative method.
The tender method is the final fund management that is the counterparty to the transaction, even if the final financing or procurement agent, or the seller or the selling agent is specified from the beginning in general financing or selling in the secondary market, etc. This is used when an order or an agent is not specified from the beginning, and orders are basically matched based on the principle of supply and demand based on provisional conditions. In these matchings, the procurement side or the selling side acts as a seller and the manager acts as a bidder.
In the tender system, in the general fund management in the secondary market or in some fund transactions, the final fund manager or agent acting as the counterparty of the transaction, or the final fund transaction or agent is specified from the beginning. It is also used when orders are basically matched based on the principle of supply and demand. In these matchings, the buying side and the selling side face each other, or the buying side and the selling side face each other.
On the other hand, the relative method specifies or restricts the counterparties of the transaction from the beginning in some fund transactions or fund procurement that is implemented in response to requests from the investment side, and the principle of supply and demand balance acts directly. It is used when the order is matched in an environment where it does not. In these matchings, the buying side and the selling side face each other, or the operation side and the procurement side face each other.
一般的な資金調達に利用される入札方式の場合、資金調達を希望する最終資金調達者又は調達代行者（以下、出品者）は、まず、自らのクライアント端末２７の制御部３５にある動作プログラムを起動して、本サイト２６との間の接続を確立する。次に、本サーバ２８がログ・イン用のトップページを出品者のクライアント端末２７へ送信。出品者はここに識別子と合言葉を入力して本サーバ２８へ送信する。
そして、これを受信した本サーバ２８はクライアント情報データベース３０へアクセスし、識別子と合言葉との組み合わせが登録されているか否かを判断。登録されていた場合に、『金融取引参加』、『金融取引交渉』、『同時合同参加』、『契約書照会』、『資金口座照会』、『証券口座照会』、『配信資料閲覧』、『相場情報総覧』又は『イベント通知』を選択できるメニューページを出品者へ送信する。ここで出品者は『金融取引参加』を選択し、本サーバ２８は注文の詳細を入力するための発注ページを出品者へ送信する。
次に出品者は、受信した発注ページにおいて、自らが使用を希望する資金調達商品の名称・銘柄や種類・属性、諸条件、希望する出品期間並びにその自動延長又は早期終了の可否、最終資金運用者及び運用代行者に対する諸要求を入力し、価格・割引率・割増率や利率・利回り・上乗せ利回り、為替レートなどの希望調達数値（仮条件）、さらに希望調達年限、希望調達数量などを指定。この注文内容を確認した上で本サーバ２８へ送信する。尚、仮条件は、具体的な１本値による表示でも、上下限を記したレンジ表示でもよく、出品者の任意である。
本サーバ２８は、出品者からの注文を受信し、これを金融商品データベース３１上の出品表に登録して、この登録内容を通知する受注ページを出品者へ送信。出品者は、この受注ページで自らの出品内容を確認する。
In the case of the bidding method used for general fund procurement, the final fund procurer or procurement agent (hereinafter referred to as “exhibitor”) who wishes to obtain funding first operates the operation program stored in the control unit 35 of the client terminal 27 of the client. Is started to establish a connection with the site 26. Next, the server 28 transmits a top page for log-in to the client terminal 27 of the exhibitor. The seller inputs the identifier and the password here and transmits them to the server 28.
Then, the server 28 receiving this accesses the client information database 30 and determines whether or not the combination of the identifier and the password is registered. If registered, "participation in financial transactions", "negotiations on financial transactions", "simultaneous joint participation", "inquiry of contract", "inquiry of fund account", "inquiry of securities account", "view of delivery materials", " A menu page for selecting “market information overview” or “event notification” is transmitted to the exhibitor. Here, the seller selects "participation in financial transaction", and the server 28 transmits an order page for inputting details of the order to the seller.
Next, the exhibitor, on the received order page, names, brands, types, attributes, conditions, etc. of the financing product he / she wants to use, the desired exhibition period, whether it can be automatically extended or terminated early, and final fund management Enter the various requirements for the operator and the agent, and specify the desired procurement figures (temporary conditions) such as price, discount rate, surcharge rate, interest rate, yield, additional yield, exchange rate, etc., desired procurement term, desired procurement quantity, etc. . After confirming the contents of this order, it is transmitted to the server 28. The provisional condition may be a display using a specific single value or a range display indicating the upper and lower limits, and is arbitrary for the exhibitor.
The server 28 receives the order from the seller, registers the order in the exhibition table on the financial product database 31, and transmits an order receiving page for notifying the registered contents to the seller. The seller confirms his or her exhibition contents on this order page.
ここで本サーバ２８は、クライアント情報データベース３０へアクセスし、そこに記憶されているシステム利用者の資金運用についての方針及び目標を検索。前記出品商品に沿った方針・目標を掲げている最終資金運用者及び運用代行者を特定する。そして本システムの運営者は、出品内容を基に仮目論見書を作成し、これを電子文書フォーマット・ファイルなどへ変換した上で、支援端末２９経由、前記特定した最終資金運用者及び運用代行者へ一斉に配信する。尚、配信先の絞り込みが不要な出品商品の場合には、全ての最終資金運用者及び運用代行者へ当該仮目論見書を配信する。
次に、この仮目論見書を受信して出品された資金調達商品に興味を抱き、入札への参加を決意した最終資金運用者及び運用代行者（以下、入札者）は、自らの発注ページにおいて、当該出品商品を指定し、指値注文と成行注文の別、指値注文の場合は仮条件を参考に具体的な希望数値、また自らの希望運用数量などを指定。この注文の内容を確認した上で本サーバ２８へ送信する。尚、入札者が指定する希望数値は仮条件を無視した水準であっても構わないが、一般的に、仮条件に沿った水準である程、落札できる可能性が高まる。
本サーバ２８は、入札者からの注文を受信し、これを金融商品データベース３１上の入札表に登録して、この登録内容を通知する受注ページを入札者へ送信。入札者は、この受注ページで自らの入札内容を確認する。
Here, the server 28 accesses the client information database 30 and searches for a policy and a goal regarding fund management of the system user stored therein. Identify final fund managers and investment managers who set policies and targets in line with the exhibited products. The operator of this system creates a provisional prospectus based on the contents of the exhibition, converts this into an electronic document format file, etc., and then, via the support terminal 29, the identified final fund manager and investment agent To all at once. In the case of an exhibition product for which it is not necessary to narrow down distribution destinations, the provisional prospectus is distributed to all final fund managers and investment agents.
Next, receiving the provisional prospectus and interested in the fund-raising products exhibited, the final fund manager and agent (hereinafter referred to as “bidder”) who decided to participate in the bidding, , Specify the product to be exhibited, specify the limit order and market order, and in the case of the limit order, specify the specific desired numerical value and the desired operation quantity etc. referring to the provisional conditions. After confirming the contents of this order, the order is transmitted to the server 28. Note that the desired numerical value designated by the bidder may be a level ignoring the provisional condition, but in general, the higher the level according to the provisional condition, the higher the possibility of a successful bid.
The server 28 receives the order from the bidder, registers the order in the bid table on the financial product database 31, and transmits an order receiving page notifying the registered contents to the bidder. The bidder confirms his / her bid content on this order page.
本サーバ２８は、以下のような処理によって調達需要と運用需要とをマッチさせる。
まず、入札者の成行注文に関しては、全入札数量を出品者の希望調達数量の範囲内で落札させる。また、入札者の指値注文に関しては、希望数値が出品商品の仮条件の範囲内である注文、及び希望数値が出品者寄りであるが故に仮条件の範囲外となっている注文を抽出し、希望数値が出品者寄りである順番にそれらを落札させていく。
次に本サーバ２８は、落札の内容を金融商品データベース３１に登録し、このデータに基づいて、出品表及び入札表の残数量を更新する。そして本サーバ２８は、落札数量がさらに蓄積され出品表の残数量を消化できた段階において、落札された注文の中で希望数値が最も入札者寄りであった数値を確定条件とし、これを以って当該資金調達を成立させる。
出品商品の全数量が落札された時点で本システムの運営者は、確定した調達数値を含む落札商品の詳細を記載した落札通知書を前記仮目論見書の補正によって作成。支援端末２９経由、出品者及び落札者へ送信し、双方がこれを最終確認することで取引照合が終了する。そしてこの段階で、当該落札通知書が最終目論見書としての機能を果たすことになる。
尚、以上は、調達数値を最終的に１本値とする資金調達を記述したものであるが、実際には、マッチの都度、調達数値を異なったものとし、より出品者寄りの注文から入札者ごとに細かく落札していく手法も可能である。
The server 28 matches the procurement demand with the operation demand by the following processing.
First, regarding the market order of the bidder, the entire bid quantity is awarded within the range of the seller's desired procurement quantity. In addition, with respect to the limit order of the bidder, the order in which the desired numerical value is within the range of the provisional condition of the exhibited product and the order in which the desired numerical value is close to the exhibitor and thus out of the range of the provisional condition are extracted, They are awarded in the order in which the desired numerical values are closer to the exhibitor.
Next, the server 28 registers the contents of the successful bid in the financial product database 31, and updates the remaining quantities of the exhibition table and the bidding table based on this data. Then, at the stage where the successful bid quantity is further accumulated and the remaining quantity in the exhibition table can be consumed, the server 28 sets the numerical value whose desired numerical value is closest to the bidder in the bidding order as a determination condition. To establish the funding.
When the total quantity of the exhibited products has been awarded, the operator of the system creates a notice of the successful bid in which the details of the successful bid product including the confirmed procurement value are described by correcting the provisional prospectus. The information is transmitted to the exhibitor and the successful bidder via the support terminal 29, and when both parties finally confirm this, the transaction matching ends. At this stage, the notice of the successful bid serves as a final prospectus.
Although the above description describes funding with the procurement value finally set to one value, in practice, the procurement value will be different each time a match is made, and bids will be placed on orders closer to the seller. It is also possible to make a bid for each person in detail.
流通市場における売出に利用される入札方式の場合、売出を希望する売出人又は売出代行者（以下、出品者）は、発注ページにおいて、自らが売出を希望する資金運用商品の名称・銘柄や種類・属性、諸条件、希望する出品期間並びにその自動延長又は早期終了の可否、最終資金運用者及び運用代行者に対する諸要求を入力し、価格・割引率や利回り・上乗せ利回りなどの希望売出数値（仮条件）、さらに希望売出数量などを指定。この注文内容を確認した上で本サーバ２８へ送信する。尚、仮条件は、具体的な１本値による表示でも、上下限を記したレンジ表示でもよく、出品者の任意である。
本サーバ２８は、出品者からの注文を受信し、これを金融商品データベース３１上の出品表に登録して、この登録内容を通知する受注ページを出品者へ送信。出品者は、この受注ページで自らの出品内容を確認する。
In the case of the bidding method used for selling in the secondary market, a seller or a selling agent (hereinafter referred to as “exhibitor”) who wants to sell on the order page, the name, brand and type of the fund management product that he / she wants to sell・ Enter the attributes, conditions, desired exhibition period and whether or not it can be automatically extended or terminated early, and various requirements for the final fund manager and investment manager, and enter the desired sales figures such as price, discount rate, yield, and additional yield ( Provisional conditions), and also specify the desired sales quantity. After confirming the contents of this order, it is transmitted to the server 28. The provisional condition may be a display using a specific single value or a range display indicating the upper and lower limits, and is arbitrary for the exhibitor.
The server 28 receives the order from the seller, registers the order in the exhibition table on the financial product database 31, and transmits an order receiving page for notifying the registered contents to the seller. The seller confirms his or her exhibition contents on this order page.
ここで本サーバ２８は、クライアント情報データベース３０へアクセスし、そこに記憶されているシステム利用者の資金運用についての方針及び目標を検索。前記出品商品に沿った方針・目標を掲げている最終資金運用者及び運用代行者を特定する。そして本システムの運営者は、出品内容を基に仮目論見書を作成し、これを電子文書フォーマット・ファイルなどへ変換した上で、支援端末２９経由、前記特定した最終資金運用者及び運用代行者へ一斉に配信する。尚、配信先の絞り込みが不要な出品商品の場合には、全ての最終資金運用者及び運用代行者へ当該仮目論見書を配信する。
次に、この仮目論見書を受信して出品された売出商品に興味を抱き、入札への参加を決意した最終資金運用者及び運用代行者（以下、入札者）は、自らの発注ページにおいて、当該出品商品を指定し、指値注文と成行注文の別、指値注文の場合は仮条件を参考に具体的な希望数値、また自らの希望買入数量などを指定。この注文の内容を確認した上で本サーバ２８へ送信する。尚、入札者が指定する希望数値は仮条件を無視した水準であっても構わないが、一般的に、仮条件に沿った水準である程、落札できる可能性が高まる。
本サーバ２８は、入札者からの注文を受信し、これを金融商品データベース３１上の入札表に登録して、この登録内容を通知する受注ページを入札者へ送信。入札者は、この受注ページで自らの入札内容を確認する。
Here, the server 28 accesses the client information database 30 and searches for a policy and a goal regarding fund management of the system user stored therein. Identify final fund managers and investment managers who set policies and targets in line with the exhibited products. The operator of this system creates a provisional prospectus based on the contents of the exhibition, converts this into an electronic document format file, etc., and then, via the support terminal 29, the identified final fund manager and investment agent To all at once. In the case of an exhibition product for which it is not necessary to narrow down distribution destinations, the provisional prospectus is distributed to all final fund managers and investment agents.
Next, receiving the provisional prospectus, the final fund manager and agent (hereinafter referred to as “bidder”) who are interested in the sold product and have decided to participate in the bidding, Specify the product to be exhibited, specify whether it is a limit order or a market order, and in the case of a limit order, specify specific desired numerical values and your desired purchase quantity, etc. referring to provisional conditions. After confirming the contents of this order, the order is transmitted to the server 28. Note that the desired numerical value designated by the bidder may be a level ignoring the provisional condition, but in general, the higher the level according to the provisional condition, the higher the possibility of a successful bid.
The server 28 receives the order from the bidder, registers the order in the bid table on the financial product database 31, and transmits an order receiving page notifying the registered contents to the bidder. The bidder confirms his / her bid content on this order page.
本サーバ２８は、以下のような処理によって売出需要と買入需要とをマッチさせる。
まず、入札者の成行注文に関しては、全入札数量を出品者の希望売出数量の範囲内で落札させる。また、入札者の指値注文に関しては、希望数値が出品商品の仮条件の範囲内である注文、及び希望数値が出品者寄りであるが故に仮条件の範囲外となっている注文を抽出し、希望数値が出品者寄りである順番にそれらを落札させていく。
次に本サーバ２８は、落札の内容を金融商品データベース３１に登録し、このデータに基づいて、出品表及び入札表の残数量を更新する。そして本サーバ２８は、落札数量がさらに蓄積され出品表の残数量を消化できた段階において、落札された注文の中で希望数値が最も入札者寄りであった数値を確定条件とし、これを以って当該売出を成立させる。
出品商品の全数量が落札された時点で本システムの運営者は、確定した売出数値を含む落札商品の詳細を記載した落札通知書を前記仮目論見書の補正によって作成。支援端末２９経由、出品者及び落札者へ送信し、双方がこれを最終確認することで取引照合が終了する。そしてこの段階で、当該落札通知書が最終目論見書としての機能を果たすことになる。
尚、以上は、保有してきた資金運用商品を放出する際の数値を最終的に１本値とする売出を記述したものであるが、実際には、マッチの都度、放出数値を異なったものとし、より出品者寄りの注文から入札者ごとに細かく落札していく手法も可能である。
The server 28 matches the sales demand with the purchase demand by the following processing.
First, regarding the market order of the bidder, the entire bid quantity is awarded within the range of the seller's desired sale quantity. In addition, with respect to the limit order of the bidder, the order in which the desired numerical value is within the range of the provisional condition of the exhibited product and the order in which the desired numerical value is close to the exhibitor and thus out of the range of the provisional condition are extracted, They are awarded in the order in which the desired numerical values are closer to the exhibitor.
Next, the server 28 registers the contents of the successful bid in the financial product database 31, and updates the remaining quantities of the exhibition table and the bidding table based on this data. Then, at the stage where the successful bid quantity is further accumulated and the remaining quantity in the exhibition table can be consumed, the server 28 sets the numerical value in which the desired numerical value is closest to the bidder in the bidding order as a determination condition. Thus, the sale is established.
When the total quantity of the exhibited products has been awarded, the operator of the system creates a successful bid notification describing the details of the winning product including the confirmed sale numerical value by correcting the provisional prospectus. The information is transmitted to the exhibitor and the successful bidder via the support terminal 29, and when both parties finally confirm this, the transaction matching ends. At this stage, the notice of the successful bid serves as a final prospectus.
Note that the above description describes the sale in which the value at the time of releasing the held money management product is finally a single value, but in actuality, the release value will be different for each match. It is also possible to finely bid for each bidder from an order closer to the seller.
流通市場における一般的な資金運用、又は一部の資金取引に利用される入札方式の場合、資金運用を希望する最終資金運用者もしくは運用代行者、又は資金取引を希望する最終資金取引者もしくは取引代行者（以下全て、取引希望者）は、発注ページにおいて、自らが取引を希望する資金運用商品又は資金取引商品の名称・銘柄や種類・属性、諸条件、買建（以下、買付を含む）と売建（以下、売付を含む）の別、指値注文と成行注文の別、その注文の有効期間並びにその自動延長又は早期終了の可否、取引相手に対する諸要求、そして希望取引数量などを入力・指定。さらに指値注文の場合は、価格や金利、利回り、上乗せ利回り、為替レートなどの希望取引数値を指定し、この注文内容を確認した上で本サーバ２８へ送信する。
本サーバ２８は、取引希望者からの注文を受信し、買建注文の場合には金融商品データベース３１上の買建注文表に登録し、売建注文の場合には同データベース上の売建注文表に登録。そして、これらの登録内容を通知する受注ページを取引希望者へ送信し、取引希望者はこの受注ページで自らの注文内容を確認する。
In the case of general fund management in the secondary market or a bidding method used for some fund transactions, the final fund manager or agent who wishes to manage funds, or the final fund trader or transaction who wishes to fund transactions On the ordering page, the agent (hereinafter, all who wishes to trade) names, brands, types, attributes, terms and conditions, and purchases (including the purchase) ) And selling (hereinafter referred to as selling), limit orders and market orders, the validity period of the order and whether it can be automatically extended or terminated early, various requirements for counterparties, and the desired trading volume. Input and designation. Further, in the case of a limit order, a desired transaction numerical value such as a price, an interest rate, a yield, an additional yield, and an exchange rate is designated, and after confirming the contents of the order, it is transmitted to the server 28.
The server 28 receives an order from a transaction applicant, registers the order in the buy order table on the financial product database 31 in the case of a buy order, and registers the sell order in the database in the case of a sell order. Register in the table. Then, an order page for notifying the registered contents is transmitted to the transaction applicant, and the transaction applicant confirms his / her order contents on this order page.
本サーバ２８は、以下のような処理によって、買建需要と売建需要とをマッチさせる。
まず、成行注文が登録されている場合、それが買建注文であれば、希望買建数量に見合うだけの１つ以上の売建注文をマッチさせ、売建注文であれば、希望売建数量に見合うだけの１つ以上の買建注文をマッチさせる。一方、指値注文が登録されている場合は、希望数値が最も売建希望者寄りの買建注文と、希望数値が最も買建希望者寄りの売建注文とを抽出し取引が成立するか否かを判別。成立可能であれば、両注文の間で取引を成立させる。また、希望買建数値と希望売建数値との間に乖離があり取引を直接成立させることができない場合には、双方の中間数値を約定数値とすることなどが可能である。
次に本サーバ２８は、成立した取引の内容を金融商品データベース３１に登録し、このデータに基づいて、買建の残数量と売建の残数量とを更新する。即ち、全数量の取引が成立した場合には、買建注文及び売建注文をそれぞれ買建注文表及び売建注文表より削除して、部分的に取引が成立した場合には、対象となる買建注文の残数量もしくは対象となる売建注文の残数量を買建注文表もしくは売建注文表に掲載し続けることになる。
また本サーバ２８は、取引が成立した時点で、約定数値を含む商品の詳細を記載した約定通知書を支援端末２９経由、買建成立者及び売建成立者へ送信。双方がこれを最終確認することで取引照合が終了する。
The server 28 matches the purchased demand and the sold demand by the following processing.
First, if a market order is registered, if it is a buy order, one or more sell orders matching the desired buy quantity are matched, and if it is a sell order, the desired sell quantity Match one or more buy orders just enough to match. On the other hand, if a limit order is registered, it is determined whether a transaction is established by extracting a buy order closest to the buyer who has the desired numerical value and a buy order closest to the buyer who has the desired numerical value. Or not. If it is possible, a transaction is made between the two orders. Further, when there is a difference between the desired buy numerical value and the desired sell numerical value and it is not possible to directly conclude the transaction, it is possible to set the intermediate value of both to a constant value.
Next, the server 28 registers the contents of the completed transaction in the financial product database 31, and updates the remaining purchased and sold quantities based on this data. In other words, if the transaction of all quantities is completed, the buy order and the sell order are deleted from the buy order table and the sell order table, respectively, and if the transaction is partially completed, it becomes the target. The remaining quantity of the buy order or the remaining quantity of the target sell order will continue to be posted on the buy order table or the sell order table.
Further, when the transaction is completed, the server 28 transmits a contract notice containing details of the commodity including the contract value to the purchaser and the seller by way of the support terminal 29. When both parties finally confirm this, the transaction matching ends.
資金取引商品は、価格ベースと金利ベース、単利ベースと複利ベース、半年利回りベースと１年利回りベース、前払いベースと後払いベースなど、商品間の尺度とキャッシュフローのズレを調整することにより、複数の商品を合成して１つの商品を作り上げたり、１つの商品を分解して複数の商品を作り出したりすることが可能である。そこで、本システムの運営者は、自らの裁量で又は取引評価者などと提携することにより、以下のような方法を用いて商品のバラエティを増やしたり流動性を補完したりする。
まず、規格商品である為替直物商品や各種先物商品を金融商品データベース３１へ登録してシステム利用者に取引してもらう。次に、これらの規格商品を一部合成して各種オプション商品や各種先渡商品などを作り上げ、誕生した商品を同データベース３１へ登録して利用者に取引してもらう。そして、それらの新商品を一部合成して各種スワップ商品や各種キャップ商品、各種先物オプション商品などを作り上げ、誕生した商品を同データベース３１へ登録して利用者に取引してもらう。
その時々の市場環境や人気によっては、前記資金取引商品の中に流動性の低下する商品が登場してくるが、そのような場合は、これら非流動性商品の登録を同データベース３１より一旦抹消し、同商品を分解して流動性が高い複数の規格商品を作り出し、これらの規格商品を同データベース３１へ登録し直して利用者に取引してもらう。
Funds trading products are based on multiple adjustments, such as price and interest rates, simple and compound interest rates, semi-annual and one-year yields, and prepayment and postpayment. It is possible to combine products to create one product or to decompose one product to create multiple products. Therefore, the operator of the present system increases the variety of products or complements the liquidity by using the following method at its own discretion or by forming a partnership with a transaction evaluator.
First, exchange spot products and various futures products, which are standard products, are registered in the financial product database 31 to have the system user make a transaction. Next, these standard products are partially combined to create various optional products, various forward products, and the like, and the created products are registered in the same database 31 to have users trade. Then, these new products are partially combined to produce various swap products, various cap products, various futures option products, and the like, and the created products are registered in the same database 31 so as to have users trade.
Depending on the market environment and the popularity at that time, products with reduced liquidity may appear in the fund transaction products. In such a case, registration of these illiquid products is temporarily deleted from the same database 31. Then, the same product is disassembled to produce a plurality of standard products having high liquidity, and these standard products are re-registered in the database 31 to have the user trade.
さらに運営者は、同データベース３１上の注文表へ一旦登録された資金取引商品が、その流動性の低さゆえにマッチを困難とする時、当該商品が買建注文表に登録されている場合は、売建注文表に登録されている複数の商品を束ねたり、当該商品が売建注文表に登録されている場合は、買建注文表に登録されている複数の商品を束ねたりして、マッチが成立する確度を高める。
ところで、上述の合成・分解を可能とする資金取引商品の性質は、資金取引商品同士の合成及びその合成商品の資金取引商品群への分解のみならず、資金運用商品と資金取引商品との合成及びその合成商品の資金運用商品と資金取引商品への分解、並びに資金調達商品と資金取引商品との合成及びその合成商品の資金調達商品と資金取引商品への分解にも効力を発揮する。
そこで本システムの運営者は、資金調達に利用される入札方式において資金調達商品と資金取引商品の合成商品が出品表に登録された場合には、その商品の構成要素についてそれぞれ入札者を募り、売出に利用される入札方式において資金運用商品と資金取引商品の合成商品が出品表に登録された場合には、その商品の構成要素についてそれぞれ入札者を募る。また、流通市場における一般的な資金運用において資金運用商品と資金取引商品の合成商品が買建注文表又は売建注文表に登録された場合には、その商品を構成要素に一旦分解してそれぞれ売建注文又は買建注文をマッチさせる。
Furthermore, when the fund transaction product once registered in the order table on the same database 31 makes it difficult to match due to its low liquidity, if the product is registered in the buy order table, , Bundling multiple products registered in the selling order table, or, if the product is registered in the selling order table, bundling multiple products registered in the buying order table, Increase the likelihood of a successful match.
By the way, the nature of the above-mentioned fund transaction products that can be synthesized and decomposed is not only the synthesis of fund transaction products and the disassembly of the synthesized products into fund transaction products, but also the synthesis of fund management products and fund transaction products. It is also effective in disassembling the synthetic product into fund management products and fund transaction products, combining the fund procurement products with fund transaction products, and decomposing the composite product into fund procurement products and fund transaction products.
Therefore, the operator of this system recruits bidders for the components of the product if the composite product of the fund procurement product and the fund transaction product is registered in the exhibition table in the bidding method used for fund procurement, When a composite product of the fund management product and the fund transaction product is registered in the exhibition table in the bidding method used for selling, bidders are invited for each component of the product. In addition, when a synthetic product of a fund management product and a fund transaction product is registered in a buy order table or a sell order table in general fund management in the secondary market, the product is once decomposed into constituent elements and Match sell or buy orders.
ところで、一部の資金取引、又は運用側からの要求に応じて実施される資金調達に利用される相対方式の場合、特定の最終資金取引者もしくは特定の取引代行者との資金取引を希望する最終資金取引者もしくは取引代行者（以下、依頼元）、又は特定の最終資金調達者もしくは特定の調達代行者による資金調達の実施を希望する最終資金運用者もしくは運用代行者（同）が、メニューページの『金融取引交渉』を選択し、本サーバ２８は相対交渉の詳細を入力するための相対交渉ページを依頼元へ送信する。
次に依頼元は、受信した相対交渉ページにおいて、交渉相手となる最終資金取引者もしくは取引代行者、又は最終資金調達者もしくは調達代行者（以下全て、依頼先）を１者に特定する情報、もしくは業種や信用力格付け、株価格付けなどを基に依頼先を特定の複数者に絞り込む情報、依頼先に資金取引を要求する場合には、希望する資金取引商品の名称・銘柄や種類・属性、諸条件、買建と売建の別、希望取引年限、価格や金利、利回り、上乗せ利回り、為替レートなどの希望取引数値、そして希望取引数量など、また、依頼先に資金調達を要求する場合には、具体的な条件として依頼先に希望する資金調達商品の種類・属性、諸条件、調達年限、価格・割引率・割増率や利率・利回り・上乗せ利回り、為替レートなどの調達数値、そして調達数量などを入力・指定し、これを本サーバ２８へ送信する。
By the way, in the case of the relative method used for part of the fund transaction or the fund procurement that is carried out in response to the request from the management side, we would like to conduct a fund transaction with a specific final fund transaction or a specific transaction agent The final fund trader or agent (hereinafter referred to as “the requester”), or the final fund manager or agent who wishes to implement financing by a specific final funder or a specific funding agent (same as above), on the menu page The server 28 transmits a relative negotiation page for inputting details of the relative negotiation to the requester.
Next, the requester, on the received relative negotiation page, identifies the final fund trader or agent acting as a negotiation partner or the final funder or agent (hereinafter, all referred to as a requestee) as one person, Alternatively, information that narrows down the request recipients to specific parties based on the type of industry, credit rating, stock price, etc.When requesting fund transactions from the request recipient, the name, brand, type, attribute, Various conditions, whether to buy or sell, desired transaction period, price and interest rate, yield, surplus yield, desired transaction value such as exchange rate, desired transaction volume, etc., and when requesting funding from the client Are specific conditions such as the type and attributes of the fund procurement product desired by the client, various conditions, procurement period, procurement figures such as price, discount rate, surcharge rate, interest rate, yield, additional yield, exchange rate, etc., and Such as type, specify the reach quantity, and sends it to the server 28.
依頼元が依頼先を個別に指定していた場合、本サーバ２８は、依頼元より受信した相対交渉ページを当該依頼先の電子メール番地へ、依頼元の識別子を付与して送信する。一方、依頼元が依頼先の選定に関し条件を指定していた場合、本サーバ２８は、クライアント情報データベース３０が記憶している金融取引者の業種や信用力格付け、株価格付けなどの情報を基に、前記条件を満たす全ての金融取引者の電子メール番地へ、依頼元の識別子を付与して相対交渉ページを配信する。また依頼元が、前記条件を満たす候補者の中から依頼先を個別に選択したい場合、本サーバ２８は、全候補者の氏名を依頼元にフィードバックし依頼元に依頼先を選択させた上で、当該依頼先に相対交渉ページを送信する。
次に依頼先の方は、当該相対交渉ページを受信して依頼元の要求内容を確認。それに対するスタンスとして『成立』、『不成立』又は『交渉』の何れかを選択し、これを依頼元へ返信する。
これらの選択肢の中から、依頼先が『不成立』を選択した場合、資金取引又は資金調達は当然成立しない。一方、依頼先が『成立』を選択した場合、資金取引又は資金調達が成立したことは、依頼元に加え本サーバ２８へも通知される。そして『交渉』を選択した場合、依頼先は、資金取引商品又は資金調達商品の種類・属性や諸条件、年限、数値、数量を逆提案することができる。この時、依頼先（以下、新依頼元）は、受信済みの相対交渉ページを返信用に変換し、このページ上で希望取引内容又は希望調達内容を修正。新しい要求として依頼元（以下、新依頼先）へ返信する。このようにして、新依頼先と新依頼元は相対取引の接点を模索していくことになる。
尚、上述の実施例では、双方の接点が確立されるまでの過程に本サーバ２８が関与しているが、依頼元が電子メール機能を利用して依頼先と直接相対交渉を始め、取引の結果のみを双方又は一方が本サーバ２８へ通知するようにしてもよい。
If the requester has individually specified the requester, the server 28 transmits the relative negotiation page received from the requester to the e-mail address of the requester with the identifier of the requester added. On the other hand, when the requester has specified the conditions regarding the selection of the request destination, the server 28 uses the information such as the business type, credit rating, and stock price of the financial trader stored in the client information database 30. The relative negotiation page is distributed with the identifier of the requester added to the e-mail addresses of all the financial traders who satisfy the above conditions. Further, when the requester wants to individually select the request destination from the candidates satisfying the above conditions, the server 28 feeds back the names of all the candidates to the requester and allows the requester to select the request destination. Then, the relative negotiation page is transmitted to the request destination.
Next, the requestee receives the relative negotiation page and confirms the request contents of the requestor. One of “established”, “unestablished”, and “negotiation” is selected as a stance against it, and this is returned to the requester.
If the requestee selects “not established” from these options, the fund transaction or the fund procurement is not naturally established. On the other hand, when the requestee selects “established”, the fact that the fund transaction or the funding has been established is notified to the server 28 in addition to the requester. When "negotiation" is selected, the request destination can reversely propose the type / attribute, various conditions, term, numerical value, and quantity of the fund transaction product or the fund procurement product. At this time, the requestee (hereinafter referred to as the new requestor) converts the received relative negotiation page for reply, and corrects the desired transaction content or desired procurement content on this page. Reply to the request source (hereinafter, new request destination) as a new request. In this way, the new client and the new client seek a point of contact for bilateral transactions.
In the above-described embodiment, the server 28 is involved in the process up to establishment of the contact between both parties. However, the requester starts direct negotiations with the requestee using the e-mail function, Both or one of them may notify the server 28 of only the result.
金融取引者による同時合同運用や同時合同調達、同時合同売出、同時合同取引（以下、同時合同金融取引）は、本システムの運営者主導で行われる場合と当事者主導で行われる場合とがある。
運営者主導で行われる場合、まず運営者は、クライアント情報データベース３０が記憶している個々の金融取引者の運用方針・運用目標、調達方針・調達目標、売出方針・売出目標もしくは取引方針・取引目標、又は業種、信用力格付け、株価格付けもしくは各種財務指標などをもとに、金融取引者をグループ分けする。そして、支援端末２９を介し対象となる金融取引者に、同じグループ内の他の金融取引者との同時合同金融取引が可能である点、そのグループを構成する金融取引者に共通の属性、その時点の相場状況からして可能である同時合同金融取引の種類、及び同時合同金融取引が実現した場合のグループ全体の取引数量を伝える。
次に、このメッセージを受信した金融取引者の内、同時合同金融取引への参加を決意した者はその旨を運営者へ伝える。そして運営者は、本システムにおける取引実績などを参考に、参加を決意した金融取引者の中からそれぞれのグループを代表する者を決定。この代表者が、クライアント端末２７を介してグループ内の他の金融取引者と連絡をとり合いながら、他の金融取引者に代わり本システム上で金融取引を行うことになる。
Simultaneous joint operation, simultaneous joint procurement, simultaneous joint sale, and simultaneous joint transaction (hereinafter referred to as simultaneous joint financial transaction) by a financial trader may be performed by an operator of the system or by a party.
When the operation is performed under the initiative of the operator, first, the operator determines the operation policy / operation target, procurement policy / procurement target, sales policy / sales target or transaction policy / transaction of each financial trader stored in the client information database 30. Group financial traders based on goals or industry, credit rating, stock pricing or various financial indicators. In addition, the simultaneous financial transaction with another financial transaction in the same group is possible for the target financial transaction through the support terminal 29, and the attributes common to the financial transactions constituting the group, The type of simultaneous joint financial transaction that is possible based on the current market situation and the transaction amount of the entire group when the simultaneous joint financial transaction is realized are reported.
Next, among the financial traders who have received this message, those who have decided to participate in the simultaneous joint financial transaction inform the operator of this fact. Then, the operator decides who will represent each group from the financial traders who have decided to participate, referring to the transaction results in this system. This representative will carry out financial transactions on the present system on behalf of other financial traders while maintaining contact with other financial traders in the group via the client terminal 27.
一方、同時合同金融取引が当事者主導で行われる場合、特定の金融取引者との提携を希望する金融取引者（以下、依頼元）が、メニューページの『同時合同参加』を選択し、本サーバ２８は提携交渉の詳細を入力するための提携交渉ページを依頼元へ送信する。
次に依頼元は、受信した提携交渉ページにおいて、交渉相手となる金融取引者（以下、依頼先）を１者に特定する情報、又は一定の条件に照らして複数者に絞り込む情報、希望する同時合同金融取引の種類、希望取引期間、そして希望取引数量などを入力・指定し、これを本サーバ２８へ送信する。
そして本サーバ２８は、受信した提携交渉ページを、依頼元が指定した個別の依頼先又は依頼元が指定した条件を満たす全ての依頼先の電子メール番地へ、依頼元の識別子を付与して送配信する。次に依頼先は、これを受信して依頼元の要求内容を確認。それに対するスタンスとして『成立』、『不成立』又は『交渉』の何れかを選択し、これを依頼元へ返信する。
これらの選択肢の中から、依頼先が『不成立』を選択した場合、提携は当然成立しない。一方、依頼先が『成立』を選択した場合、提携が成立したことは、依頼元に加え本サーバ２８へも通知される。そして『交渉』を選択した場合、依頼先は、同時合同金融取引の種類や取引期間、取引数量などを逆提案することができる。この時、依頼先（以下、新依頼元）は、受信済みの提携交渉ページを返信用に変換し、このページ上で希望提携内容を修正。新しい要求として依頼元（以下、新依頼先）へ返信する。このようにして、新依頼先と新依頼元は提携の接点を模索していくことになる。
提携が決定した金融取引者はメンバーの中から代表者を選出。この代表者が、クライアント端末２７を介して他のメンバーと連絡をとり合いながら、他のメンバーに代わり本システム上で金融取引を執行することになる。
On the other hand, when the simultaneous joint financial transaction is performed by the parties, the financial trader who wishes to form an alliance with a specific financial trader (hereinafter referred to as “requester”) selects “simultaneous joint participation” on the menu page, and selects the server 28. Sends an alliance negotiation page to the requester to enter details of the alliance negotiation.
Next, on the received alliance negotiation page, the requester specifies the financial trader (hereinafter referred to as the requestee) to be the negotiation partner to one party, or information for narrowing down to multiple parties based on certain conditions, The type of the joint financial transaction, the desired transaction period, the desired transaction quantity, etc. are entered and designated, and transmitted to the server 28.
Then, the server 28 sends the received alliance negotiation page to the individual request destination specified by the request source or the e-mail addresses of all the request destinations satisfying the conditions specified by the request source with the request source identifier attached thereto. To deliver. Next, the request destination receives this and confirms the request contents of the request source. One of “established”, “unestablished”, and “negotiation” is selected as a stance against it, and this is returned to the requester.
If the requestee selects "not established" from these options, the tie-up is naturally not established. On the other hand, when the requestee selects “established”, the fact that the alliance has been established is notified to the server 28 in addition to the requester. Then, when "negotiation" is selected, the requesting party can make a reverse proposal of the type, the transaction period, and the transaction quantity of the simultaneous joint financial transaction. At this time, the requestee (hereinafter referred to as the new requester) converts the received alliance negotiation page for reply, and corrects the desired alliance content on this page. Reply to the request source (hereinafter, new request destination) as a new request. In this way, the new client and the new client seek a point of contact for cooperation.
The financial trader whose tie-up is decided selects a representative from the members. This representative will execute financial transactions on the present system on behalf of the other members while maintaining contact with other members via the client terminal 27.
契約管理データベース３２には、資金運用、資金調達、売出及び資金取引、これらの金融取引の応用形態である各種抱き合わせ金融取引、並びに金融取引契約の第三者への譲渡及び期中解約に対応する商品別の電子マスター契約書が格納されている。
ここにいう電子マスター契約書とは、それぞれの取引形態や取引商品の種類・属性において一般的である諸項目（以下、一般項目）や諸条件（以下、一般条件）が記述された入力データを、電子書式と組み合わせて作成した電子書類のことを指す。そして電子書式とは、通常の紙ベースの契約書用書式を電子データとしたものであり、具体的な契約内容や契約者の住所・氏名を入力するための領域及び契約者の電子署名を付与するための領域から構成されている。
本システムにおける電子マスター契約書では、電子書式内の所定の記載枠に一般項目や一般条件が入力されながらも、個別の金融取引契約によって異なる諸項目（以下、追加項目）や諸条件（以下、追加条件）を入力する領域や、契約当事者となる金融取引者及び本システムの運営者が住所・氏名を入力し電子署名を付与する領域が空白になっている。
The contract management database 32 includes funds management, financing, selling and financing transactions, various types of tied financing transactions that are application forms of these financing transactions, and products corresponding to the transfer of a financing transaction contract to a third party and cancellation during the term. Another electronic master agreement is stored.
The term "electronic master contract" as used herein refers to input data that describes general items (hereinafter, general items) and conditions (hereinafter, general conditions) that are common in each transaction form and type and attribute of a transaction product. , An electronic document created in combination with an electronic form. An electronic form is an electronic form of a normal paper-based contract form, and is provided with an area for inputting specific contract details, a contractor's address and name, and a contractor's electronic signature. It consists of an area for
In the electronic master contract in this system, various items (hereinafter referred to as "additional items") and various conditions (hereinafter referred to as "additional items") depending on individual financial transaction contracts, while general items and general conditions are entered in a predetermined description frame in the electronic form. An area for inputting an additional condition) and an area where a financial transaction person who is a contracting party and an operator of the present system input an address and name and give an electronic signature are blank.
本実施の形態における金融取引契約書では、取引照合が済んだ段階で、本サーバ２８が金融商品データベース３１へアクセスし、そこに登録されている該当商品の名称・銘柄や諸条件、取引期間、そして成約数値、成約数量といった追加項目や追加条件を読み出し、それを前記電子マスター契約書の空白領域に書き込む。
この後、入札方式によって成立した資金調達や売出では、運営者−出品者間の契約書及び運営者−落札者間の契約書内の空白領域に各々が住所・氏名を入力して電子署名を付与することで、２つの契約書が発効。入札方式によって成立した資金運用や資金取引では、運営者−買建成立者間の契約書及び運営者−売建成立者間の契約書内の空白領域に各々が住所・氏名を入力して電子署名を付与することで、２つの契約書が発効する。実際には、追加項目や追加条件が書き込まれて運営者が電子署名した契約書を、本サーバ２８が取引当事者へ、支援端末２９経由送信。次に、電子署名を済ませた取引当事者が当該契約書をそれぞれ本サーバ２８へ返信し、本サーバ２８がこれを契約管理データベース３２に格納する。
ところで、運営者が出品者、落札者と別個に、又は買建成立者、売建成立者と別個に契約書を取り交わす理由は、出品者−落札者間又は買建成立者−売建成立者間の金融取引の匿名性を維持するためである。但し、双方が合意に達している場合には、出品者と落札者とが直接、又は買建成立者と売建成立者とが直接契約書を取り交わすことができる。
一方、相対方式によって成立した資金取引や資金調達では、買建側−売建側間又は調達側−運用側間の契約書内の空白領域に双方が住所・氏名を入力して電子署名を付与することで当該契約書が発効する。実際には、追加項目や追加条件が書き込まれた契約書を、本サーバ２８が売建側又は調達側へ支援端末２９経由送信し、それを受信した売建側又は調達側が電子署名を付与して本サーバ２８へ返信。次に本サーバ２８は、これを買建側又は運用側へ送信し、それを受信した買建側又は運用側が電子署名を付与して本サーバ２８へ返信する。そして、この調印済みの契約書を本サーバ２８が契約管理データベース３２に格納する。
ところで期中に、当事者が自らの契約を第三者へ譲渡する場合の手続きや自らの契約を解除する場合の手続きも、譲渡用や解除用の電子マスター契約書を用いて同様に行われる。
In the financial transaction contract according to the present embodiment, the server 28 accesses the financial product database 31 at the stage when the transaction matching is completed, and the name / brand and various conditions, transaction period, Then, additional items and additional conditions, such as a contract numerical value and a contract quantity, are read out and written in a blank area of the electronic master contract.
Thereafter, in the fund procurement and sale established by the bidding method, each person enters an address and name in a blank area in the contract between the operator and the exhibitor and in the contract between the operator and the successful bidder, and signs the electronic signature. By granting, two contracts become effective. In the fund management and fund transactions established by the bidding method, the address and name are entered in blank areas in the contract between the operator and the contractor and the contract between the operator and the contractor, respectively, and an electronic address is entered. By giving the signatures, the two contracts become effective. In practice, the server 28 sends a contract signed by the operator with the additional items and conditions written therein to the transaction party via the support terminal 29. Next, the trading parties that have completed the electronic signature return the respective contracts to the server 28, and the server 28 stores the contracts in the contract management database 32.
By the way, the reason why the operator exchanges a contract separately with the exhibitor and the successful bidder, or separately with the buyer and the seller, is between the seller and the successful bidder or between the buyer and the seller. This is to maintain the anonymity of financial transactions between them. However, if both parties have reached an agreement, the seller and the successful bidder can directly exchange a contract, or the buyer and the seller can directly exchange a contract.
On the other hand, in the case of a fund transaction or fund procurement established by the relative method, both sides enter an address and name in a blank area in the contract between the buying side and the selling side or in the contract between the procurement side and the management side and attach an electronic signature By doing so, the agreement will take effect. In practice, the server 28 transmits a contract in which additional items and additional conditions are written to the building side or the procurement side via the support terminal 29, and the building side or the procurement side that has received the contract assigns an electronic signature. To server 28. Next, the server 28 transmits this to the buying side or the operation side, and the buying side or the operation side that has received it adds an electronic signature and returns it to the server 28. Then, the server 28 stores the signed contract in the contract management database 32.
By the way, during the term, the procedure for the parties to transfer their contracts to a third party and the procedure for canceling their contracts are similarly performed using the electronic master contract for transfer and cancellation.
契約管理データベース３２では、金融取引契約書自体に加え、それぞれの契約書に割り当てられた識別子や電子署名、契約当事者や本サーバ２８が行った手続きの履歴データなど、契約書の作成が開始されてから調印が終了するまでの間に発生する様々なデータが、契約処理の進行に従い順次格納されていく。よって、電子署名が付与される前の書類と付与された後の書類とを比較することによって書類の原本性を確認できる。
また、金融取引契約書に付与される電子署名は、例えば契約当事者が保有するＩＣカードの中やクライアント端末２７の内部に存在する秘密鍵を使用して作成される。よって、付与された電子署名を復号化して検証すれば署名者を認証できる。
尚、契約当事者は、前記メニューページの『契約書照会』を選択することによって、契約管理データベース３２に格納されている自らの金融取引契約書を随時確認することができる。
In the contract management database 32, in addition to the financial transaction contract itself, creation of a contract such as an identifier and an electronic signature assigned to each contract, and history data of procedures performed by the contracting party and the server 28 are started. Various data generated during the period from to the end of signing are sequentially stored as the contract processing proceeds. Therefore, the originality of the document can be confirmed by comparing the document before the electronic signature is applied and the document after the electronic signature is applied.
The electronic signature given to the financial transaction contract is created using a secret key existing in an IC card held by the contracting party or inside the client terminal 27, for example. Therefore, the signer can be authenticated by decrypting and verifying the assigned electronic signature.
Incidentally, the contracting party can check his / her financial transaction contract stored in the contract management database 32 at any time by selecting “contract inquiry” on the menu page.
目論見書の交付が必要な資金調達や売出を対象として、契約管理データベース３２には、それぞれの取引形態や取引商品の種類・属性に対応する一般項目や一般条件が記述された電子マスター目論見書も格納されている。仮目論見書を交付する段階で本サーバ２８は、金融商品データベース３１へアクセスし、そこに登録されている出品商品の名称・銘柄や諸条件、希望する出品期間並びにその自動延長又は早期終了の可否、希望調達数値（仮条件）又は希望売出数値（仮条件）、希望調達年限又は売出商品の所定の償還期限、希望調達数量又は希望売出数量といった追加項目や追加条件を読み出し、それを電子マスター目論見書の空白領域に書き込んだ上で、資金調達を今回希望している最終資金調達者もしくはその調達代行者、又は今回売出の対象となっている資金運用商品を資金調達手段として使用している最終資金調達者もしくはその調達代行者へ送信する。
次に、これを受信した調達側は、この目論見書内の空白領域に住所・氏名を入力し電子署名を付与して本サーバ２８へ返信する。そして本サーバ２８は、特定した又は不特定の最終資金運用者及び運用代行者の電子メール番地に調達側の識別子を付与し、この電子仮目論見書を当該番地へ配信。その後、これを契約管理データベース３２に格納する。一方、本システムの運営者に目論見書の交付義務がある資金調達又は売出については、運営者自らが住所・氏名を入力し電子署名を付与した上で、電子仮目論見書を運用側へ配信する。
資金調達又は売出の条件が確定した段階で本サーバ２８は、電子仮目論見書内の追加条件の一部を補正した上で落札通知書又は電子最終目論見書を作成。調達側に電子署名を付与させた上で、又は運営者の電子署名を付与した上でそれを運用側へ配信する。尚、売出の場合、本サーバ２８が電子仮目論見書や電子最終目論見書を運用側へ配信する段階で、売出の当事者である売出人又は売出代行者を配信先のリストに加えてもよい。
ところで取引当事者は、前記メニューページの『契約書照会』を選択することによって、契約管理データベース３２に格納されている電子目論見書を随時確認することができる。よって、目論見書を交付するための手法としては、上述の配信の他に、本システムの運営者から運用側及び売出側へは目論見書が交付されたことのみを支援端末２９経由通知し、その旨を通知された運用側及び売出側が能動的に契約管理データベース３２へアクセスして、完成した電子仮目論見書又は電子最終目論見書を引き出す手法がある。
For financing and sales that require the delivery of a prospectus, the contract management database 32 also includes an electronic master prospectus that describes general items and general conditions corresponding to each transaction form and type / attribute of the transaction product. Is stored. At the stage of issuing the provisional prospectus, the server 28 accesses the financial product database 31 and registers the names and brands and conditions of the exhibited products registered therein, the desired exhibition period, and whether automatic extension or early termination thereof is possible. Read out the additional items and conditions such as the desired procurement value (temporary condition) or desired sale value (temporary condition), the desired procurement period or the specified redemption date of the sold product, the desired procurement quantity or the desired sale quantity, and read it out as an electronic master. After filling in the blank area of the document, the final funder who wishes to raise funds this time or its agent, or the final funder who is using the fund management product that is being sold this time as a funding method Send to the fund raiser or its procurement agent.
Next, the procurement side that has received it inputs the address and name in a blank area in the prospectus, adds an electronic signature, and returns it to the server 28. Then, the server 28 assigns a procurement-side identifier to the e-mail address of the specified or unspecified final fund manager and agent, and distributes the electronic provisional prospectus to the address. Thereafter, this is stored in the contract management database 32. On the other hand, for fund procurement or sales for which the operator of this system is obliged to issue a prospectus, the operator himself / herself inputs the address and name, gives an electronic signature, and distributes the electronic provisional prospectus to the operation side. .
When the conditions for fund procurement or sale are determined, the server 28 corrects some of the additional conditions in the electronic provisional prospectus and creates a notice of successful bid or an electronic final prospectus. An electronic signature is given to the procurement side, or an electronic signature of the operator is given, and then distributed to the operation side. In the case of selling, when the server 28 distributes the electronic provisional prospectus and the electronic final prospectus to the operation side, the seller or the agent acting as the selling party may be added to the distribution destination list.
By the way, the trading party can check the electronic prospectus stored in the contract management database 32 at any time by selecting "Contract Inquiry" on the menu page. Therefore, as a method for issuing a prospectus, in addition to the above-mentioned distribution, the system operator notifies the operation side and the selling side only via the support terminal 29 that the prospectus has been issued, There is a method in which the operation side and the selling side notified of the fact actively access the contract management database 32 and draw out the completed electronic provisional prospectus or electronic final prospectus.
当局への報告や一般への開示が必要とされる金融取引を対象として、契約管理データベース３２には、それぞれの取引形態、取引商品の種類・属性、報告先及び開示先に対応する一般項目や一般条件が記述された電子マスター報告書や電子マスター開示書も格納されている。金融取引契約書の調印が済んだ段階で、本サーバ２８は金融商品データベース３１へアクセスし、そこに登録されている該当商品の名称・銘柄や諸条件、取引期間、そして成約数値、成約数量といった追加項目や追加条件を読み出し、それを前記電子マスター報告・開示書の空白領域に書き込んだ上で取引当事者へ送信する。
これを受信した取引当事者は、この報告・開示書内の空白領域に住所・氏名を入力し電子署名を付与して本サーバ２８へ返信する。次に本サーバ２８は、これに取引当事者の識別子を付与し、取引当事者が特定した当局やマスメディアの電子メール番地へ送信。その後、これを契約管理データベース３２に格納する。一方、本システムの運営者に報告・開示義務がある金融取引については、運営者自らが住所・氏名を入力し電子署名を付与した上で、報告・開示書を当局やマスメディアへ送信する。
尚、取引当事者は、前記メニューページの『契約書照会』を選択することによって、契約管理データベース３２に格納されている自らの報告書類や開示書類を随時確認することができる。
For financial transactions that need to be reported to authorities or disclosed to the public, the contract management database 32 stores general items corresponding to each transaction type, transaction product type / attribute, report destination and disclosure destination. An electronic master report and an electronic master disclosure document describing general conditions are also stored. At the stage when the financial transaction contract is signed, the server 28 accesses the financial product database 31 and registers the name / brand and various conditions of the corresponding product registered there, the transaction period, and the contracted numerical value and the contracted quantity. The additional items and additional conditions are read out, written in a blank area of the electronic master report / disclosure, and then transmitted to the trading party.
Upon receipt of this, the transaction party inputs the address and name into a blank area in the report / disclosure, attaches an electronic signature, and returns it to the server 28. Next, the server 28 assigns the identifier of the trading party to this, and sends it to the e-mail address of the authority or mass media specified by the trading party. Thereafter, this is stored in the contract management database 32. On the other hand, for financial transactions for which the operator of this system is obliged to report / disclose, the operator himself / herself inputs the address and name, gives an electronic signature, and sends the report / disclosure to the authorities and the mass media.
Incidentally, the transaction party can check his / her own report document or disclosure document stored in the contract management database 32 at any time by selecting “contract inquiry” on the menu page.
ところで、貸付債権の期中返済、債券やコマーシャル・ペーパーの期中償還、貸付債権や債券の期中の金利変更、株式分割、議決権などの株主権の行使、転換社債の株式への転換権行使、ワラント債の株式の買取権行使、金融派生商品の買建側による権利行使など、期中の取引当事者間のイベント発生に伴い新たな報告義務や開示義務が発生した場合も、本サーバ２８は同様の処理を行う。また運営者は、金融取引契約書や前記目論見書、前記報告・開示書の準拠法に加え他の関連法規を取引当事者が遵守しているか否かを検査するため、前記イベントの発生時などに支援端末２９経由、質問状などを取引当事者へ送信してコミュニケーションを図る。 By the way, repayment of loan receivables during the term, redemption of bonds and commercial paper during the term, change of interest rate of loan receivables and bonds during the term, stock split, exercise of shareholder rights such as voting rights, exercise of convertible bonds into shares, warrant The server 28 performs the same processing when a new reporting obligation or disclosure obligation arises due to an event between trading parties during the period, such as the exercise of the right to purchase shares of bonds and the exercise of rights by the buying side of financial derivatives. I do. In addition, the operator, in order to inspect whether the transaction party complies with other related laws and regulations in addition to the applicable laws of the financial transaction contract, the prospectus, the report / disclosure, the Via the support terminal 29, a letter of inquiry or the like is transmitted to the transaction parties to achieve communication.
決済管理データベース３３は、本システムの利用者即ち、最終資金運用者、最終資金調達者、売出人、最終資金取引者といった最終顧客、並びに各種代行者、各種評価者、各種参考・提案資料提供者、及び金融取引に関連した広告を本システム上で掲載する広告主の資金口座番号、入出金履歴、資金口座残高などの情報を登録している。
利用者が前述のメニューページにおいて『資金口座照会』を選択した場合、本サーバ２８は決済管理データベース３３へアクセスして、当該利用者の現在の資金口座残高及び過去の入出金履歴が記された資金口座確認ページをクライアント端末２７へ送信する。尚、本システムの運営者も資金口座延いては資金口座番号を有しており、利用者の資金口座との間の金銭の授受に利用する。
The settlement management database 33 includes users of the present system, that is, final clients such as final fund managers, final fund raisers, sellers, and final fund traders, as well as various agents, various evaluators, and various reference / proposal material providers. And information such as a fund account number, a deposit / withdrawal history, and a fund account balance of an advertiser who posts advertisements related to financial transactions on this system.
If the user selects “fund account inquiry” on the above-mentioned menu page, the server 28 accesses the settlement management database 33 and obtains the fund in which the current fund account balance of the user and the past deposit / withdrawal history are described. An account confirmation page is transmitted to the client terminal 27. It should be noted that the operator of this system also has a fund account and a fund account number, and uses it to transfer money to and from the user's fund account.
金融取引の成立から終了に至るまでの取引当事者間のキャッシュフローの授受、即ち元本部分の資金流出入の受払及び元本より生じる利子、配当など果実部分の資金流出入の受払は、本システム上の資金口座振替によって行われる。本サーバ２８は一定周期で金融商品データベース３１へアクセスし、登録されている取引成立商品のキャッシュフローの授受日を認識する。そして、該当日の例えば前日に、資金口座振替を実行する旨を記した資金決済通知書を、支援端末２９経由、取引当事者のクライアント端末２７へ送信する。
資金決済通知書には、支払人又は受取人の個人名及び／又は法人名、資金口座番号、金融取引契約書の識別子、支払金額又は受取金額、資金決済実行日などが表示される。そして、支払人又は受取人は、この資金決済情報を確認した旨を本サーバ２８へ通知する。
次に本サーバ２８は、この資金決済情報に従い、支払人の資金口座から受取人の資金口座へ所定の額の金銭を移転する資金口座振替を行う。そして、決済管理データベース３３に登録されている支払人及び受取人の資金口座残高、入出金履歴などの情報を金銭移転後の情報に更新する。
尚、入札方式によって成立した金融取引では、匿名性を維持するために、当事者が支払人である場合は本システムの運営者が受取人となり、逆に当事者が受取人である場合は運営者が支払人となる。一方、相対方式によって成立した金融取引では、当事者の一方が支払人、他方が受取人であり、運営者は直接的には介在しない。
The transfer of cash flows between the trading parties from the conclusion of a financial transaction to the termination thereof, that is, the receipt and payment of capital outflows and payments of the principal portion and the cash outflows and payments of fruits such as interest and dividends generated by the principal, The above is done by fund transfer. The server 28 accesses the financial product database 31 at regular intervals, and recognizes the date of transfer of the cash flow of the registered transaction completed product. Then, for example, on the day before the relevant day, a fund settlement notice stating that the fund account transfer is to be executed is transmitted to the client terminal 27 of the transaction party via the support terminal 29.
The fund settlement notice includes the personal name and / or corporate name of the payer or payee, the fund account number, the identifier of the financial transaction contract, the amount of payment or receipt, the date of execution of fund settlement, and the like. Then, the payer or the payee notifies the server 28 that the fund settlement information has been confirmed.
Next, the server 28 performs a fund account transfer for transferring a predetermined amount of money from the payer's fund account to the payee's fund account in accordance with the fund settlement information. Then, the information registered in the settlement management database 33, such as the account balance of the payer and the payee, and the deposit / withdrawal history are updated to the information after the money transfer.
In order to maintain anonymity in financial transactions established by the bidding method, the operator of the system is the recipient if the party is the payer, and the operator is the recipient if the party is the recipient. Be a payer. On the other hand, in a financial transaction made by the relative method, one of the parties is a payer and the other is a payee, and the operator does not directly intervene.
本システムでは、以下の金銭の移転においても、資金決済通知書を使用した資金口座振替を行う。但し、支払人−受取人間において、取引成立商品に関するキャッシュフローや各種サービス料の授受がタイミング的に一致した場合、運営者はこれらを相殺した金額を資金決済通知書に記し、純額ベースで資金口座振替を行うことがある。
（ａ）期中、取引当事者間の信用リスクの露出増減に応じて運営者は、取引当事者へ追加証拠金を請求したり、余剰証拠金を払い戻したりするが、これらの場合に運営者は、上記の資金口座振替により、取引当事者−運営者間又は取引当事者間で金銭を移転する。
（ｂ）運営者が取引当事者より受け取るサービス提供料及び回線使用料。
（ｃ）運営者が各種評価者や各種資料提供者より受け取る回線使用料。
（ｄ）運営者が広告主より受け取る広告料。
（ｅ）各種代行者が最終顧客より受け取る代行料。
（ｆ）各種評価者が最終顧客より受け取る評価料。
（ｇ）各種資料提供者が最終顧客や各種代行者より受け取る情報提供料。
（ｈ）前述のような期中のイベントの発生、即ち、取引当事者が金融取引に関する各種権利を行使又は各種義務を履行した時点で発生するキャッシュフローの授受。尚、取引当事者はメニューページの『イベント通知』を使用して権利行使又は義務履行の旨を運営者へ通知する。
In this system, the fund transfer using the fund settlement notice is performed also in the following money transfer. However, if the payer-recipient receives and agrees on the timing of the cash flow and various service charges related to the completed transaction, the operator shall write off the balance in the Funds Settlement Notice and write the net amount on a net basis. We may transfer funds.
(A) During the period, in response to an increase or decrease in the exposure of credit risk between the trading parties, the operator may request additional margin from the trading parties or refund the surplus margin. The money is transferred between the trading party and the operator or between the trading parties by the fund transfer.
(B) Service provision fees and line usage fees received by the operator from the transaction parties.
(C) Line usage fees received by operators from various evaluators and various material providers.
(D) Advertising fees received by the operator from advertisers.
(E) Agency fees that various agents receive from the final customer.
(F) Evaluation fees that various evaluators receive from the final customer.
(G) Information provision fees that various data providers receive from end customers and various agents.
(H) The occurrence of an event during the period as described above, that is, the transfer of cash flows generated when the trading party exercises various rights related to financial transactions or fulfills various obligations. Note that the trading party uses the “event notification” on the menu page to notify the operator of the exercise of the right or the fulfillment of the obligation.
ところで、本実施の形態における金融取引の対象商品が債券や株式、コマーシャル・ペーパーなどの有価証券である場合は、取引成立の後に現物移転のための証券決済を行う必要が生じてくる。そこで、本実施の形態における決済管理データベース３３は、この証券決済を目的として、最終顧客及び各種代行者の証券口座番号、証券移転履歴、証券口座残高などの情報も登録している。
これらの取引当事者が前述のメニューページにおいて『証券口座照会』を選択した場合、本サーバ２８は決済管理データベース３３へアクセスして、当事者の現在の証券口座残高及び過去の証券移転履歴が記された証券口座確認ページをクライアント端末２７へ送信する。尚、本システムの運営者も証券口座延いては証券口座番号を有しており、取引当事者の証券口座との間の有価証券の授受に利用される。
By the way, in the case where the target product of the financial transaction in the present embodiment is a security such as a bond, stock, or commercial paper, it is necessary to settle the securities for the transfer in kind after the transaction is completed. Therefore, the settlement management database 33 in the present embodiment also registers information such as securities account numbers, securities transfer histories, securities account balances, etc. of the final customer and various agents for the purpose of securities settlement.
If these trading parties select "Securities Account Inquiry" on the above-mentioned menu page, the server 28 accesses the settlement management database 33, and displays the current securities account balance of the parties and the securities in which the past securities transfer history is recorded. An account confirmation page is transmitted to the client terminal 27. The operator of this system also has a securities account and a securities account number, and is used to exchange securities with the trading party's securities account.
金融取引の成立から終了に至るまで、取引当事者間の有価証券の授受は本システム上の証券口座振替によって行われる。但し、入札方式によって成立した金融取引では、当事者が譲渡人である場合は本システムの運営者が譲受人となり、逆に当事者が譲受人である場合は運営者が譲渡人となる。一方、相対方式によって成立した金融取引では、当事者の一方が譲渡人、他方が譲受人であり、運営者は直接的には介在しない。尚、証券口座振替の対象となる有価証券は、不動化証券、無券面化証券の別を問わない。
金融取引契約書の調印が済んだ段階で本サーバ２８は、証券口座振替を実行する旨を記した証券決済通知書を、支援端末２９経由、取引当事者のクライアント端末２７へ送信する。証券決済通知書には、取引当事者の個人名及び／又は法人名、証券口座番号、金融取引契約書の識別子、移転する有価証券の数量、証券決済実行日などが表示される。そして、取引当事者は、この証券決済情報を確認した旨を本サーバ２８へ通知する。
次に本サーバ２８は、この証券決済情報に従い、一方の取引当事者の証券口座から他方の取引当事者の証券口座へ所定の数量の有価証券を移転する証券口座振替を行う。そして、決済管理データベース３３に登録されている双方の証券口座残高、証券移転履歴などの情報を振替後の情報に更新する。
From the establishment to the end of a financial transaction, the transfer of securities between the trading parties is performed by securities account transfer on this system. However, in the financial transaction established by the bidding method, the operator of the present system is the transferor when the party is the transferor, and conversely, the operator is the transferor when the party is the transferor. On the other hand, in a financial transaction established by the relative method, one of the parties is a transferor and the other is a transferee, and the operator does not directly intervene. The securities subject to the securities account transfer may be immobilized securities or unsecured securities.
When the signing of the financial transaction contract is completed, the server 28 transmits a securities settlement notice describing that the securities account transfer is to be executed to the client terminal 27 of the transaction party via the support terminal 29. The securities settlement notice shows the names of individuals and / or corporations of the trading parties, securities account numbers, identifiers of financial transaction contracts, the number of securities to be transferred, the dates of execution of securities settlement, and the like. Then, the trading party notifies the server 28 that the securities settlement information has been confirmed.
Next, in accordance with the securities settlement information, the server 28 performs a securities account transfer for transferring a predetermined amount of securities from the securities account of one trading party to the securities account of the other trading party. Then, information such as the balance of both securities accounts and the history of securities transfer registered in the settlement management database 33 is updated to the information after the transfer.
ところで、期中運営者は、取引当事者へ追加証拠金を請求したり、余剰証拠金を払い戻したりするが、この証拠金の代わりに有価証券が使用された場合、本サーバ２８は上記の証券口座振替により、取引当事者−運営者間又は取引当事者間で対象証券を移転する。 By the way, during the term, the operator requests additional margin from the trading parties or refunds the surplus margin, but when securities are used instead of this margin, the server 28 performs the above-mentioned securities account transfer. Transfers the subject security between the trading parties and the operator or between the trading parties.
ところで、本システムにおいて、各種資料の受配信は以下のように行われる。
まず、テキストや電子文書フォーマットなどの形態を用い、運用参考資料提供者や調達提案資料提供者、取引提案資料提供者は自らが作成した参考・提案資料を、また、運用評価者や調達評価者、取引評価者は自らのプロフィールや評価料体系を記した自己紹介資料を、さらに、運用代行者や調達代行者、売出代行者、取引代行者は自らのプロフィールや代行料体系を記した自己紹介資料を本サーバ２８へ送信する。次に本サーバ２８は、これらを受信すると、受信した日付・時刻とともに配信資料データベース３４へ順次格納する。
そして本サーバ２８は、クライアント情報データベース３０を検索し、当該データベースに記憶されている各取引希望者の希望受信内容と前記受信した実際の資料の種類・属性とを照らし合わせ、今回資料を配布する対象となる取引希望者を特定。この検索結果に基づき、テキストや電子文書フォーマットなどの形態を用いて、該当する取引希望者のクライアント端末２７へこれらの資料を一斉に配信する。そして資料を受信した取引希望者は、運用参考資料や調達提案資料、取引提案資料を受け取った場合にそれらを各種金融取引の判断材料とし、運用評価者や調達評価者、取引評価者の自己紹介資料を受け取った場合にそれらを評価者選定の判断材料とし、さらに運用代行者や調達代行者、売出代行者、取引代行者の自己紹介資料を受信した最終顧客は、それらを代行者選定の判断材料とする。
また取引希望者は、前記メニューページの『配信資料閲覧』を選択することによって、配信資料データベース３４に格納されている各種資料を随時閲覧できる。
配信資料データベース３４には、参考・提案資料提供者や評価者、代行者の株主構成や人的資源に関する情報も格納されているため、最終顧客は、自らが利用を希望する関係者の間に存在する利害関係、即ち参考・提案資料提供者−代行者間、評価者−代行者間などに存在する利益相反の状況を随時確認することができる。
尚、最終顧客−代行者間や最終顧客−評価者間、最終顧客−参考・提案資料提供者間、代行者−評価者間、代行者−参考・提案資料提供者間の遣り取りや様々なデータの授受は、各自のクライアント端末２７が備える電子メール機能を利用して、又は各自が別途開設するウェブ・サイトとの間のハイパーテキスト・リンクを介するなどして行われる。
By the way, in this system, reception and distribution of various materials are performed as follows.
First, the operation reference material provider, the procurement proposal material provider, and the transaction proposal material provider use the format such as text or electronic document format to provide the reference / proposal materials created by themselves, as well as the operation evaluator and the procurement evaluator. The transaction evaluator provides a self-introduction document that describes his profile and evaluation fee system, and the investment agent, procurement agent, sales agent, and transaction agent introduces his / her profile and agent fee system. The material is transmitted to the server 28. Next, upon receiving these, the server 28 sequentially stores the received date and time in the distribution material database 34 together with the received date and time.
Then, the server 28 searches the client information database 30, compares the desired reception content of each transaction applicant stored in the database with the type / attribute of the received actual material, and distributes the material this time. Identify target transaction applicants. Based on the search result, these materials are simultaneously distributed to the client terminal 27 of the corresponding transaction applicant using a form such as a text or an electronic document format. The transaction applicant who received the materials, when receiving the operational reference materials, procurement proposal materials, and transaction proposal materials, used them as judgment materials for various financial transactions, and introduced themselves to the operation evaluator, procurement evaluator, and transaction evaluator. When the materials are received, they are used as judgment materials for evaluator selection, and the final customer who receives the self-introduction materials of the operation agent, the procurement agent, the sales agent, and the transaction agent uses them to judge the agent selection. Materials.
Further, the transaction applicant can browse various materials stored in the distribution material database 34 at any time by selecting “view distribution materials” on the menu page.
Since the delivery material database 34 also stores information on the shareholder composition and human resources of the reference / suggestion material providers, evaluators, and agents, the end customer is able to communicate with interested parties who wish to use it. It is possible to confirm at any time the existing interests, that is, the status of conflicts of interest existing between the reference / proposal material provider and the agent, between the evaluator and the agent.
It should be noted that exchanges and various data between the final customer and the agent or between the final customer and the evaluator, between the final customer and the reference / proposal material provider, between the agent and the evaluator, and between the agent and the reference / proposal material provider Is transmitted or received using an e-mail function of the client terminal 27, or via a hypertext link to a web site separately established by the user.
本サーバ２８は、一定周期で金融商品データベース３１や配信資料データベース３４へアクセスし、登録されている様々なデータを順次集計処理又は統計処理して、本システムの利用者はこれをクライアント端末２７から閲覧することができる。
利用者が前述のメニューページにおいて『相場情報総覧』を選択した場合、本サーバ２８は、集計処理や統計処理を済ませてある各種金融商品の相場状況、即ち約定値や気配値、理論値、資金調達案件や売出案件の確定条件、また、現在入札を実施している商品の詳細や仮条件、取引希望者からの入札状況、さらに、今後出品が予定されている商品の概要を一覧やグラフなどに加工して市況ページ用の相場情報を作成。当該市況ページを利用者へ送信する。
これらの情報によって、取引希望者は各種金融取引の相場水準や需給バランスを把握でき、参考・提案資料提供者は金融取引に絡んで作成する各種資料を、また各種評価者や各種代行者は自己紹介資料を適宜配信することが可能になる。
尚、各種金融商品の前記気配値とは、金融商品データベース３１上の注文表に登録されながらもマッチが成立していない数値、又は参考・提案資料提供者より収集されて配信資料データベース３４に格納されている数値を指す。また、各種金融商品の前記理論値とは、本システムの運営者が恣意性を排除して合理的に算定し、参考・提案資料提供者の１人として配信資料データベース３４へ格納した数値、又は他の参考・提案資料提供者より収集されて配信資料データベース３４に格納されている数値を指す。
The server 28 accesses the financial product database 31 and the distribution material database 34 at regular intervals, sequentially tabulates or statistically processes various registered data, and the user of the system transmits this data from the client terminal 27 to the client terminal 27. Can be viewed.
If the user selects “market information overview” on the above-mentioned menu page, the server 28 determines the market conditions of various financial products that have been subjected to aggregation processing and statistical processing, that is, contract prices, quotes, theoretical values, and financing. Lists and graphs that show the conditions for finalizing an offer or offer, the details and provisional conditions of the product that is currently bidding, the status of bids from prospective traders, and an overview of products that are scheduled to be exhibited in the future. Processed to create market information for the market conditions page. The market condition page is transmitted to the user.
With this information, transaction applicants can grasp the market level and supply / demand balance of various financial transactions, reference / suggestion material providers can prepare various materials related to financial transactions, and various evaluators and various Introduction materials can be distributed as appropriate.
The quotes of various financial products are numerical values that are registered in the order table on the financial product database 31 but have not been matched, or are collected from reference / proposal material providers and stored in the distribution material database 34. Refers to the numerical value that has been set. In addition, the theoretical value of various financial products is a numerical value that is rationally calculated by the operator of the system without arbitrariness and stored in the distribution material database 34 as one of the reference / proposal material providers, or It refers to a numerical value collected from another reference / proposal material provider and stored in the distribution material database 34.
本サーバ２８とクライアント端末２７とは、インターネット２５に接続された構成の他に、専用通信回線を利用したコンピュータネットワークを介して接続された構成、その他の通信回線を利用したコンピュータネットワークを介して接続された構成、無線で通信を行えるコンピュータネットワークを介して接続された構成などがある。
また他に、本サーバ２８とクライアント端末２７とは、無線放送や有線放送の放送網を介し、本サーバ２８と利用者の放送受信端末とが情報の送受信を行うことによって本システムを利用できる構成としてもよい。例えば、本サーバ２８で作成したデータを、所定の放送サーバにて放送用データに変換し、電波や通信回線を介して所定のチューナを有する放送受信端末へと送信し、当該チューナにて放送用データを復号することによって利用者が当該データを利用できる。また利用者は、放送受信端末から電波や通信回線を介して、送信したいデータを放送サーバ経由本サーバ２８へ、又は本サーバ２８へ直接送信できる。
そして本実施の形態では、これまで述べてきた動作を実行するためのプログラムを記録した記憶媒体、例えば光磁気ディスクや読み出し専用デジタル多用途ディスク、読み出し専用コンパクト・ディスク、フレキシブル・ディスク・カートリッジなどを配布し、当該プログラムをコンピュータへインストールすることによっても、本サーバ２８などを構成することができる。
The server 28 and the client terminal 27 are connected via a computer network using a dedicated communication line in addition to the configuration connected to the Internet 25, and are connected via a computer network using other communication lines. And a configuration connected via a computer network capable of wireless communication.
In addition, the server 28 and the client terminal 27 can use the present system by transmitting and receiving information between the server 28 and a user's broadcast receiving terminal via a wireless or cable broadcast network. It may be. For example, the data created by the server 28 is converted into broadcast data by a predetermined broadcast server, and transmitted to a broadcast receiving terminal having a predetermined tuner via radio waves or a communication line. By decrypting the data, the user can use the data. In addition, the user can transmit data to be transmitted from the broadcast receiving terminal to the main server 28 via the broadcast server or directly to the main server 28 via a radio wave or a communication line.
In the present embodiment, a storage medium storing a program for executing the operations described above, such as a magneto-optical disk, a read-only digital versatile disk, a read-only compact disk, a flexible disk cartridge, or the like, is used. The server 28 and the like can also be configured by distributing and installing the program on a computer.
図９における仲介排除金融取引サーバ２８、クライアント端末２７及び支援端末２９は、当業者によく知られた方法で実装することができる。図１０はその一例である。
図１０における構成では、算術演算を実行する処理装置３９が具備されている。当該処理装置３９は複数の記憶用部品に接続されており、これらの記憶用部品には、ハードディスク４０や読み取り専用記憶装置（ＲＯＭ）４１、電気的消去・プログラム可能読み取り専用記憶装置（ＥＥＰＲＯＭ）４２、読み取り書き込み記憶装置（ＲＡＭ）４３、テープ装置４４が含まれる。尚、これら記憶装置の種類全てが必ずしも必要というわけではない。また、これらの記憶用部品は処理装置３９に対して物理的に接近して配置される必要はなく、処理装置３９から離れて配置してもよい。
そして処理装置３９は、利用者が命令やデータ等を入力するための手段、例えば鍵盤装置４５やマウス４６に接続されている。また、当業者に知られた他の入力手段、例えば接触画面や位置入力装置、音声変換器を設けてもよい。
処理装置３９には、読み取り装置４７も接続されている。この読み取り装置４７は、フレキシブル・ディスク・カートリッジ４８や読み出し専用コンパクト・ディスク４９のようなデータ担体からデータを読み取り、また、可能であれば該データ担体にデータを書き込むように構成される。当業者に知られた他のデータ担体としては、テープ、デジタル多用途ディスク等が挙げられる。
さらに処理装置３９は、用紙にデータを出力するための印刷装置５０及び表示装置５１にも接続されており、当該表示装置５１は、例えばモニタ、液晶表示スクリーン又は当業者に知られた他の種類の表示装置である。
ところで処理装置３９は、入出力手段（Ｉ／Ｏ）５３を介して通信網５２に接続してもよく、この通信網５２としては、公衆交換電話網（ＰＳＴＮ）や構内通信網（ＬＡＮ）、広域通信網（ＷＡＮ）、インターネット等が挙げられる。また処理装置３９は、通信網５２を介して他の通信設備と通信するようにも構成できる。
処理装置３９は、独立型システムとして実装可能である。また、並列に動作する複数の処理部の集合体（各処理部は、より大規模なコンピュータプログラムの子タスクを実行するように構成）としても実装でき、さらに、１つ以上の主要処理部と幾つかの副処理部との組み合わせとしても実装可能である。本実施の形態の機能の幾つかの部分は、遠隔にある処理設備が通信網５２を介し処理装置３９と通信を行うことによっても実施できる。
The mediation elimination financial transaction server 28, the client terminal 27, and the support terminal 29 in FIG. 9 can be implemented by a method well known to those skilled in the art. FIG. 10 shows an example.
The configuration in FIG. 10 includes a processing device 39 that executes an arithmetic operation. The processing device 39 is connected to a plurality of storage components, and these storage components include a hard disk 40, a read-only storage device (ROM) 41, and an electrically erasable / programmable read-only storage device (EEPROM) 42. , A read / write storage device (RAM) 43, and a tape device 44. Note that not all of these types of storage devices are necessarily required. Further, these storage components need not be disposed physically close to the processing device 39, and may be disposed separately from the processing device 39.
The processing device 39 is connected to means for the user to input commands, data, and the like, for example, a keyboard device 45 and a mouse 46. Further, other input means known to those skilled in the art, for example, a touch screen, a position input device, and a voice converter may be provided.
A reading device 47 is also connected to the processing device 39. The reading device 47 is configured to read data from a data carrier such as a flexible disk cartridge 48 or a read-only compact disk 49 and, if possible, write data to the data carrier. Other data carriers known to those skilled in the art include tapes, digital versatile discs, and the like.
Further, the processing device 39 is also connected to a printing device 50 and a display device 51 for outputting data to paper, the display device 51 being, for example, a monitor, a liquid crystal display screen or other types known to those skilled in the art. Display device.
By the way, the processing device 39 may be connected to a communication network 52 via an input / output means (I / O) 53. The communication network 52 may be a public switched telephone network (PSTN), a private network (LAN), A wide area network (WAN), the Internet, and the like can be given. Further, the processing device 39 can be configured to communicate with another communication facility via the communication network 52.
The processing device 39 can be implemented as a stand-alone system. It can also be implemented as an aggregate of a plurality of processing units operating in parallel (each processing unit is configured to execute a child task of a larger-scale computer program). It can also be implemented as a combination with some sub-processing units. Some of the functions of the present embodiment can also be performed by a remote processing facility communicating with the processing device 39 via the communication network 52.
次に、これまで述べてきた各種実施の形態がもたらすメリットをテーマ別且つ箇条書きにして説明する。Next, the merits of the various embodiments described above will be described in terms of themes and items.
１．（１）前述の実施の形態によれば、銀行による金融取引の仲介が排除されたことで、運用利回りを上昇させ、調達コストを低下させることができる。即ち、預貯金や金融債の購入などを通じて最終資金運用者が銀行へ資金供給し、銀行がそれを最終資金調達者に貸し付けたり、最終資金調達者が発行した有価証券を購入したりして最終資金調達者に資金供給するという従来の構造では、資金の流れの中に利鞘を取る銀行が存在しているため、最終資金運用者は運用利回りが低下し、最終資金調達者は調達コストが上昇する。前述の実施の形態では、最終資金運用者から最終資金調達者へ資金が供給されることから、介在する銀行の利鞘が消失する分、最終資金運用者はより高い運用利回りを享受でき、最終資金調達者はより低い調達コストを達成できる。1. (1) According to the above-described embodiment, since the intermediation of the financial transaction by the bank is eliminated, the investment yield can be increased, and the procurement cost can be reduced. In other words, the final fund manager supplies funds to the bank through deposits and savings or the purchase of financial bonds, and the bank lends it to the final funder, or purchases securities issued by the final funder to obtain the final fund. In the traditional structure of providing funders to funders, there are banks that take profit margins in the flow of funds, so the final fund managers have lower investment yields and the final funders have higher funding costs. . In the above-described embodiment, since the fund is supplied from the final fund manager to the final funder, the margin of the intervening bank disappears, so that the final fund manager can enjoy a higher investment yield, Procurers can achieve lower procurement costs.
ところで、前述の実施の形態でいう最終資金運用者とは、預貯金、株式や債券の売買、外国為替商品や金融派生商品の取引などを通じて資金運用を行う国内外の個人や法人であって、銀行や証券会社を除いた者を指す。また最終資金調達者とは、借入、債券や株式、コマーシャル・ペーパーの発行、外国為替商品や金融派生商品の取引などを通じて資金調達を行う国内外の個人や法人であって、銀行や証券会社を除いた者を指す。そして前述の実施の形態では、前記最終資金運用者としての機能と前記最終資金調達者としての機能とを併せ持つ国内外の個人や法人を最終資金取引者とし、最終資金運用者、最終資金調達者及び最終資金取引者を併せて最終顧客と呼ぶ。By the way, the final fund manager referred to in the above-mentioned embodiment is a domestic or foreign individual or corporation that manages funds through deposits and savings, trading of stocks and bonds, transactions of foreign exchange products and financial derivatives, etc. And those who exclude securities companies. In addition, final funders are domestic and foreign individuals and corporations that raise funds through borrowings, bonds and stocks, issuance of commercial paper, transactions of foreign exchange products and derivative products, and include banks and securities companies. Refers to the person who excluded it. In the above-described embodiment, domestic and foreign individuals and corporations having both the function as the final fund manager and the function as the final fund raiser are defined as final fund traders, and the final fund manager and final fund raiser And the final fund trader are collectively referred to as the final customer.
さらに、前述の実施の形態においては、売出を含む資金運用の対象となる基礎商品を資金運用商品といい、資金調達の対象となる基礎商品を資金調達商品と呼ぶ。よって、最終資金調達者や調達代行者が資金調達商品として利用する債券や株式、コマーシャル・ペーパーなどは、それらを購入する最終資金運用者や運用代行者の立場から見ると資金運用商品となり、資金調達の手段が融資である場合、調達側にとっての基礎商品即ち資金調達商品は借入債務であり、運用側にとっての基礎商品即ち資金運用商品は貸付債権となる。一方、前述の実施の形態では、資金運用商品や資金調達商品とは異なる利用のされ方をする外国為替商品や金融派生商品を資金取引商品とする。Furthermore, in the above-described embodiment, a basic product to be fund-managed, including selling, is called a fund-managed product, and a basic product to be fund-raised is called a fund-raising product. Therefore, bonds, stocks, commercial paper, etc. used by final funders and procurement agents as financing products become fund management products from the perspective of the final fund manager or agent who purchases them. If the means of procurement is a loan, the basic product, ie, the fund procurement product, for the procurement side is a debt, and the basic product, ie, the fund management product, for the management side is a loan receivable. On the other hand, in the above-described embodiment, a foreign exchange product or a financial derivative product used differently from a fund management product or a fund procurement product is used as a fund transaction product.
一般に売出とは、既に発行されて資金運用者が保有している有価証券などを、均一条件で同時に他の多数の資金運用者へ販売することをいう。前述の実施の形態では、売出を最終資金運用者間の取引の一形態として扱い、保有している有価証券などを放出する側の最終資金運用者もしくは運用代行者を、買い手側の最終資金運用者もしくは運用代行者と区別して、それぞれ売出人もしくは売出代行者と呼ぶ。尚、評価者や資料提供者に関しては、売出とそれ以外の一般的な最終資金運用者間の取引とにおいて異なる呼称を使用しないものとする。In general, selling refers to selling securities and the like that have already been issued and held by the fund manager to a number of other fund managers simultaneously under uniform conditions. In the above-mentioned embodiment, the selling is treated as a form of transaction between the final fund managers, and the final fund manager or agent acting on the side that releases the securities and the like held by the final fund manager is managed by the buyer. To be referred to as a seller or a selling agent, respectively, in distinction from the seller or the operating agent. It should be noted that the evaluator and the data provider do not use different names for the sale and other general transactions between final fund managers.
ところで、前述の実施の形態でいう銀行とは、預貯金や借入、株式・債券の発行、資産の流動化・証券化、貯蓄性保険・共済などで資金運用者から資金を集め、資金調達者に対する貸付や、各種金融商品を対象とした自己売買などを通じて利鞘を稼ぐ伝統的な金融機関を指す。また、本体で、あるいは子会社などを通じ、資金調達者が発行する株式や債券、コマーシャル・ペーパーなどの有価証券を引き受けて資金運用者へ販売し、さらに、資金運用者間の有価証券売買や、資金取引者間の外国為替取引、金融派生商品取引などを仲介することで、各種手数料を稼ぐ伝統的な金融機関を指す。By the way, in the above-mentioned embodiment, banks are deposits and savings, borrowing, issuance of stocks and bonds, liquidation and securitization of assets, savings insurance and mutual aid, etc. A traditional financial institution that earns profit margins through loans and self-trading of various financial products. In addition, underwriting securities, such as stocks, bonds, and commercial paper, issued by financiers, either at the main unit or through subsidiaries, etc., and selling them to fund managers. Refers to a traditional financial institution that earns various commissions by mediating foreign exchange transactions and financial derivative transactions between traders.
また、前述の実施の形態でいう証券会社とは、資金調達者が発行する株式や債券、コマーシャル・ペーパーなどの有価証券を引き受けて資金運用者へ販売し、資金運用者間の有価証券売買や、資金取引者間の外国為替取引、金融派生商品取引などを仲介して各種手数料を稼ぎ、さらに、各種金融商品を対象とした自己売買などを通じて売買益を稼ぐ伝統的な金融機関を指す。また、本体で、あるいは子会社などを通じ、借入や株式・債券の発行、資産の流動化・証券化などで資金運用者から資金を集め、資金調達者に対する貸付などを通じて利鞘を稼ぐ伝統的な金融機関を指す。In addition, the securities companies referred to in the above embodiments are securities companies such as stocks, bonds, and commercial paper issued by financiers and sold to fund managers. It refers to a traditional financial institution that earns various commissions through intermediation of foreign exchange transactions and financial derivative transactions between fund traders, and earns trading profits through self-trading of various financial products. A traditional financial institution that collects funds from fund managers through borrowings, issuance of stocks and bonds, liquidation and securitization of assets, either through the financial institutions or through subsidiaries, etc., and earns profits through loans to financiers. Point to.
（２）前述の実施の形態によれば、金利変化時にも運用利回りが上昇し、調達コストを低下させることができる。即ち、金利が上昇する局面においては、利鞘を広げたい銀行の存在によって、最終資金調達者に対する融資金利ほどに預貯金や金融債の利率は上昇せず、最終資金運用者は不利益を被る。一方、金利が低下する局面においては、利鞘を広げたい銀行の存在によって、預貯金や金融債の利率ほどに融資金利は低下せず、最終資金調達者は不利益を被る。前述の実施の形態では、最終資金運用者から最終資金調達者へ資金が供給されることから、金利の上昇局面において最終資金運用者はより高い運用利回りを享受でき、金利の低下局面において最終資金調達者はより低い調達コストを達成できる。(2) According to the above-described embodiment, even when the interest rate changes, the investment yield increases, and the procurement cost can be reduced. That is, in a situation where interest rates rise, the interest rate of deposits and savings and financial bonds does not rise as much as the interest rate on loans to final funders due to the existence of banks who want to increase margins, and the final money manager suffers disadvantages. On the other hand, when interest rates are falling, the interest rate of deposits and savings and financing bonds is not as low as interest rates on deposits and financial bonds due to the existence of banks who want to increase margins, and ultimate funders are disadvantaged. In the above-described embodiment, since the fund is supplied from the final fund manager to the final funder, the final fund manager can enjoy a higher investment yield in a rising interest rate phase, and can enjoy a higher investment yield in a falling interest rate phase. Procurers can achieve lower procurement costs.
（３）前述の実施の形態によれば、金利決定のメカニズムを是正することができる。即ち、預貯金の金利は、資金を預かる銀行の信用リスクの度合いに応じて差別化されなくてはいけないが、銀行間の強い横並び意識からこれまで差が少なく、最終資金運用者は銀行の信用リスクに見合わない低い金利も甘受しなくてはならなかった。一方、銀行から最終資金調達者に実行される融資の金利は、銀行自身の調達金利に何％かを上乗せして決定されるという建前があるものの、プライムレートなどを基準とする画一的な金利設定方式と銀行間の強い横並び意識からこれまで差が少なく、最終資金調達者は自己の信用力に見合わない高い金利を負担しなくてはならなかった。前述の実施の形態では、最終資金運用者から最終資金調達者へ資金が供給されることから、最終資金調達者の信用力に応じた金利が市場の需給バランスの中で決定され、最終資金運用者、最終資金調達者の双方が納得できる金利水準を享受できる。(3) According to the above-described embodiment, the mechanism for determining the interest rate can be corrected. In other words, the interest rate on deposits and savings must be differentiated according to the degree of credit risk of the bank that deposits the funds. They had to accept low interest rates that were not worth it. On the other hand, the interest rate of a loan issued by a bank to a final funder is determined by adding a certain percentage to the bank's own funding interest rate, but it is standardized based on prime rates and other factors. Until now, due to the interest rate setting method and the strong side-by-side attitude among banks, there has been little difference, and the final funders have to bear high interest rates that are not commensurate with their creditworthiness. In the above-described embodiment, since the fund is supplied from the final fund manager to the final funder, the interest rate according to the creditworthiness of the final funder is determined in the market supply-demand balance, And final funders can enjoy an acceptable level of interest.
（４）前述の実施の形態によれば、最終資金運用者は２重の信用リスクから開放される。即ち、預貯金や金融債の購入などを通じて最終資金運用者が銀行へ資金供給し、銀行がそれを最終資金調達者に貸し付けたり、最終資金調達者が発行した債券やコマーシャル・ペーパーなどを購入したりして最終資金調達者に資金供給するという従来の構造において、最終資金運用者は２重の信用リスクを抱える。１つは資金の直接の供給先である銀行の信用リスク、もう１つは銀行経由、間接的に資金を供給する相手先である最終資金調達者の信用リスクである。前述の実施の形態では、最終資金運用者から最終資金調達者へ資金が供給されることから、最終資金運用者は介在する銀行の信用リスクから開放される。(4) According to the above-described embodiment, the final fund manager is released from the double credit risk. That is, the final fund manager supplies funds to the bank through deposits and savings or purchases of financial bonds, and the bank lends it to the final funder, or purchases bonds, commercial paper, etc. issued by the final funder. In the conventional structure of providing funding to the final funder, the final fund manager has a double credit risk. One is the credit risk of the bank to which the funds are directly supplied, and the other is the credit risk of the ultimate funder who is the indirectly provided funds via the bank. In the above-described embodiment, since the fund is supplied from the final fund manager to the final funder, the final fund manager is released from the credit risk of the intervening bank.
２．（１）前述の実施の形態によれば、利益相反を解決することができる。即ち、証券会社や銀行は、最終資金運用者に対する委託売買業務（売買手数料が目的）と自己資金による自己売買業務（売買益が目的）とを兼業している。よって、自己資金で大きな売買益を上げるために、自らを相手方として最終資金運用者に不利な条件で売買させたり、自社で提供する運用参考資料を最終資金運用者が読んで売買を行うことを前提として、自己資金による売買を事前に済ませておいたりする利益相反の構造が従来より指摘されてきた。前述の実施の形態では、証券会社や銀行を経由せず、最終資金運用者が他の最終資金運用者を相手に金融商品を売買することから、最終資金運用者はこの利益相反から開放され、より高い運用利回りを享受できる。2. (1) According to the above-described embodiment, a conflict of interest can be resolved. In other words, securities companies and banks concurrently perform consignment trading for final fund managers (for trading commissions) and self-trading with their own funds (for trading profits). Therefore, in order to generate large trading profits with own funds, it is necessary for the final fund manager to buy or sell the final fund manager against the other party under adverse conditions or to read and sell the investment reference materials provided by the company. As a premise, the structure of conflicts of interest, such as making purchases and purchases with own funds in advance, has been pointed out. In the above embodiment, the final fund manager is free from this conflict of interest because the final fund manager buys and sells financial products against other final money managers without going through securities companies or banks. You can enjoy higher investment yield.
尚、前述の実施の形態でいう運用参考資料とは次のような資料を指す。The operation reference materials referred to in the above-described embodiments refer to the following materials.
（ａ）資金運用に影響を与える経済・金融ニュースや企業ニュース、政治ニュースなど。(A) Economic / financial news, corporate news, political news, etc., which affect fund management.
（ｂ）資金配分の提案や評価などに関する資料。金融派生商品の利用を含む。(B) Materials related to fund allocation proposals and evaluations. Including the use of financial derivatives.
（ｃ）他の資金運用者の資金運用に関しての予定や噂、評判など。(C) Other fund managers' plans, rumors, reputations, etc. regarding the fund management.
（ｄ）資金調達者の資金調達に関しての予定や噂、評判など。(D) The financing plan, rumors, reputation, etc. of the financier.
（ｅ）経済・金融全般に関する資料：マクロ経済の分析・予測、経済指標や金融指標の分析・予測など。(E) Materials on economics and finance in general: Analysis and forecast of macroeconomics, analysis and forecast of economic indicators and financial indicators, etc.
（ｆ）株式市場に関する資料：株価格付けなど、株式の予想値上がり率を数値化・符号化したもの、及びそれらに絡むニュース。株式市場全般の分析・予測、個別業種の分析・予測、個別企業の分析・予測、株式指数や個別株価の分析・予測、持株情報など。金融派生商品市場を含む。(F) Materials on the stock market: Numerical values and coding of expected stock price increase rates, such as stock pricing, and news related to them. Analysis and forecast of the stock market in general, analysis and forecast of individual industries, analysis and forecast of individual companies, analysis and forecast of stock indexes and individual stock prices, holding information, etc. Includes derivatives markets.
（ｇ）金利・為替市場に関する資料：信用力格付けなど、資金調達者の返済能力を数値化・符号化したもの、及びそれらに絡むニュース。金利・為替市場全般の分析・予測、指標金利や債券指数の分析・予測、個別業種や個別企業の信用リスクの分析・予測、個別通貨の分析・予測など。金融派生商品市場を含む。(G) Interest rate and foreign exchange market data: Numerical and encoded repayment capabilities of funders, such as credit ratings, and news related to them. Analysis and forecast of interest rates and foreign exchange markets in general, analysis and forecast of index interest rates and bond indices, analysis and forecast of credit risk of individual industries and companies, analysis and forecast of individual currencies, etc. Includes derivatives markets.
（ｈ）株式市場や金利・為替市場、金融派生商品市場に関するテクニカル分析など。(H) Technical analysis on stock markets, interest rate and foreign exchange markets, and financial derivative markets.
（ｉ）当局の縦覧室などにおける各種閲覧書類。(I) Various browsing documents in the authority's inspection room and the like.
（ｊ）各種金融商品の約定値や気配値、理論値、また、資金調達案件や売出案件の確定条件、仮条件などの相場水準、及びそれらの取引数量。(J) Contract levels, quotes, and theoretical values of various financial products, as well as market levels such as fixed conditions and provisional conditions for financing and selling projects, and their transaction volumes.
そして、運用参考資料提供者とは、直接、間接を問わず、最終資金運用者及び運用代行者に対して資金運用の判断材料を提供する国内外の個人や法人であり、次のような者をいう。And, the investment reference material provider is an individual or a corporation in Japan or overseas that provides the final fund manager and the investment agent, whether directly or indirectly, with the fund management judgment. Say.
［１］顧問や研究機関などの調査資料作成者。[1] Creator of survey materials such as advisors and research institutions.
［２］格付け機関や興信所などの信用調査機関。[2] Credit agencies such as rating agencies and Koshinsho.
［３］情報ベンダーやオプショナル情報ベンダー、データベース会社、マスメディアなどの情報提供会社。[3] Information vendors such as information vendors, optional information vendors, database companies, and mass media.
［４］資金調達者。[4] Funders.
［５］当局。[5] Authorities.
［６］前述の実施の形態におけるシステム運営者。[6] The system operator in the above embodiment.
（２）外国為替商品や金融派生商品の取引において、銀行や証券会社は、最終資金取引者に対する委託・仲介業務（委託・仲介手数料が目的）と自己資金による自己取引業務（取引益が目的）とを兼業している。よって、自己資金で大きな取引益を上げるために、自らを相手方として最終資金取引者に不利な条件で取引させたり、自社で提供する取引提案資料を最終資金取引者が読んで取引を行うことを前提として、自己資金による取引を事前に済ませておいたりする利益相反の構造が従来より指摘されてきた。前述の実施の形態では、銀行や証券会社を経由せず、最終資金取引者が他の最終資金取引者を相手に外国為替商品や金融派生商品を取引することから、最終資金取引者はこの利益相反から開放され、より多くの売買益やより有利な契約条件を達成できる。(2) In the transaction of foreign exchange products and financial derivative products, banks and securities firms are entrusted and brokered to final fund traders (for brokerage and brokerage fees) and self-traded business with their own funds (for the purpose of trading profit). And concurrently. Therefore, in order to make a large transaction profit with own funds, it is necessary to have the final fund trader deal with the final fund trader against the other party under adverse conditions or read the transaction proposal materials provided by the company and conduct the transaction. As a premise, a structure of a conflict of interest has been pointed out, in which transactions with own funds are completed in advance. In the above embodiment, since the final fund trader does not go through a bank or securities company and trades foreign exchange products and derivative financial instruments with other final fund traders, the final fund trader You are free from conflicts and can achieve more trading profits and more favorable contract terms.
尚、前述の実施の形態でいう取引提案資料とは次のような資料を指す。It should be noted that the transaction proposal materials referred to in the above-described embodiment indicate the following materials.
（ａ）資金取引に影響を与える経済・金融ニュースや企業ニュース、政治ニュースなど。(A) Economic / financial news, corporate news, political news, etc. that affect fund transactions.
（ｂ）資金取引商品の選択や売買のタイミング、取引の方法などについての意見。(B) Opinions on the selection of funds trading products, timing of buying and selling, trading methods, etc.
（ｃ）資産・負債・資本構成の提案や評価などに関する資料。金融派生商品の利用を含む。(C) Materials related to proposals and evaluations of assets, liabilities and capital structure. Including the use of financial derivatives.
（ｄ）他者の資金取引状況に関しての予定や噂、評判など。(D) Schedules, rumors, reputations, etc. regarding the status of others' financial transactions.
（ｅ）経済・金融全般に関する参考資料：マクロ経済の分析・予測、経済指標や金融指標の分析・予測など。(E) Reference materials related to economy and finance in general: Analysis and forecast of macro economy, analysis and forecast of economic indicators and financial indicators, etc.
（ｆ）株式市場に関する参考資料：株式の予想値上がり率を数値化・符号化した株価格付けなど、及びそれらに絡むニュース。株式市場全般の分析・予測、個別業種の分析・予測、個別企業の分析・予測、株式指数や個別株価の分析・予測、持株情報など。金融派生商品市場を含む。(F) References on the stock market: Stock price pricing that quantifies and encodes the expected rate of stock price increase, and news related to them. Analysis and forecast of the stock market in general, analysis and forecast of individual industries, analysis and forecast of individual companies, analysis and forecast of stock indexes and individual stock prices, holding information, etc. Includes derivatives markets.
（ｇ）金利・為替市場に関する参考資料：資金調達者の返済能力を数値化・符号化した信用力格付けなど、及びそれらに絡むニュース。金利・為替市場全般の分析・予測、指標金利や債券指数の分析・予測、個別業種や個別企業の信用リスクの分析・予測、個別通貨の分析・予測など。金融派生商品市場を含む。(G) Reference materials related to interest rate and foreign exchange markets: Credit rating, which quantifies and encodes the repayment ability of funders, and news related to them. Analysis and forecast of interest rates and foreign exchange markets in general, analysis and forecast of index interest rates and bond indices, analysis and forecast of credit risk of individual industries and companies, analysis and forecast of individual currencies, etc. Includes derivatives markets.
（ｈ）株式市場や金利・為替市場、金融派生商品市場に関するテクニカル分析など。(H) Technical analysis on stock markets, interest rate and foreign exchange markets, and financial derivative markets.
（ｉ）当局の縦覧室などにおける各種閲覧書類。(I) Various browsing documents in the authority's inspection room and the like.
（ｊ）各種資金取引商品や各種基礎商品の約定値や気配値、理論値、また、資金調達案件や売出案件の確定条件、仮条件などの相場水準、及びそれらの取引数量。(J) Contract prices, quotes, and theoretical values of various fund trading products and various basic products, as well as market levels such as fixed conditions and provisional conditions of financing and selling projects, and their transaction volumes.
そして、取引提案資料提供者とは、直接、間接を問わず、最終資金取引者及び取引代行者に対して資金取引の判断材料を提供する国内外の個人や法人であり、次のような者をいう。In addition, the transaction proposal material providers are individuals and corporations in Japan and abroad who provide the final fund traders and transaction agents, both directly and indirectly, with materials for making decisions on fund transactions. Say.
［１］顧問や諮問機関、研究機関などの助言者。[1] Advisors such as advisors, advisory organizations, and research institutions.
［２］格付け機関や興信所などの信用調査機関。[2] Credit agencies such as rating agencies and Koshinsho.
［３］情報ベンダーやオプショナル情報ベンダー、データベース会社、マスメディアなどの情報提供会社。[3] Information vendors such as information vendors, optional information vendors, database companies, and mass media.
［４］他の資金取引者。[4] Another fund trader.
［５］当局。[5] Authorities.
［６］前述の実施の形態におけるシステム運営者。[6] The system operator in the above embodiment.
（３）従来より、証券会社や銀行は最終資金運用者、最終資金調達者の双方と取引するため、社内の営業政策上、どちらか一方を優利に、残る一方を不利にする場合がある。例えば、最終資金調達者重視の営業政策の場合、最終資金調達者がより低い調達コストを達成できるよう、当該調達に対する資金供給を、運用ノウハウに乏しい最終資金運用者に対して促すことがある。あるいは、最終資金運用者重視の営業政策の場合、最終資金運用者がより高い運用利回りを達成できるよう、当該運用に向けての資金調達を、調達ノウハウに乏しい最終資金調達者に対して促すことがある。前述の実施の形態では、資金調達の水準が最終資金運用者と最終資金調達者との間の需給バランスで決定されるため、どちらか一方が優利に、あるいは不利になることがない。(3) Conventionally, since securities companies and banks deal with both the final fund manager and the final fund raiser, there is a case where one of them is given an advantage and the other is disadvantaged due to internal business policies. For example, in the case of a sales policy focusing on the final funder, the final funder may be encouraged to provide funding for the procurement to the final fund manager with little operational know-how so that the final funder can achieve lower procurement costs. Or, in the case of a final fund manager-oriented business policy, encourage the final fund managers with little funding know-how to raise funds for the investment so that the final fund manager can achieve higher investment yield. There is. In the above-described embodiment, the level of financing is determined by the supply and demand balance between the final fund manager and the final financier, so that either one does not become advantageous or disadvantageous.
３．（１）前述の実施の形態によれば、仲介者への手数料を排除することができる。即ち、最終資金調達者が、証券会社や銀行を経由して株式や債券、コマーシャル・ペーパーなどを発行する従来の構造において、介在する証券会社や銀行が引受・販売手数料を徴収する分、最終資金調達者は調達コストが上昇する。前述の実施の形態では、最終資金運用者から最終資金調達者へ資金が供給されることから、介在する証券会社や銀行に支払われる引受・販売手数料が消失する分、最終資金調達者はより低い調達コストを達成できる。3. (1) According to the above-described embodiment, it is possible to eliminate the commission to the intermediary. In other words, in the conventional structure in which the final financing entity issues stocks, bonds, commercial paper, etc. via securities companies and banks, the amount of final funding and sales commissions paid by the intervening securities companies and banks Procurers will increase procurement costs. In the above-mentioned embodiment, since the fund is supplied from the final fund manager to the final funder, the underwriting and sales fees paid to the intermediary securities firms and banks disappear, so the final funder is lower. Procurement costs can be achieved.
また、最終資金運用者が、株式や債券、コマーシャル・ペーパーなどを証券会社や銀行経由で売買する従来の構造において、介在する証券会社や銀行が売買手数料を徴収する分、もしくは、証券会社や銀行が最終資金運用者を相手に自己売買して売買手数料相当額を実質的に徴収する分、最終資金運用者は運用利回りが低下する。前述の実施の形態では、最終資金運用者が他の最終資金運用者を相手に金融商品を売買することから、介在する証券会社や銀行へ直接的もしくは間接的に支払われる売買手数料が消失する分、最終資金運用者がより高い運用利回りを享受できる。In the conventional structure in which the final fund manager buys and sells stocks, bonds, commercial paper, etc. through securities firms and banks, the brokerage firms and banks collect trading commissions, or securities firms and banks The final fund manager lowers the investment yield because the company sells itself to the final fund manager and substantially collects the trading commission. In the above-described embodiment, since the final fund manager buys and sells financial products with respect to other final money managers, the amount of the trading fee paid directly or indirectly to intervening securities companies and banks disappears. Finally, the final fund manager can enjoy higher investment yield.
（２）上記の手数料排除が最終資金取引者の売買益と契約条件に貢献する。即ち、外国為替商品や金融派生商品を、最終資金取引者が銀行や証券会社を経由して取引する従来の構造において、介在する銀行や証券会社が委託・仲介手数料を徴収する分、もしくは、銀行や証券会社が最終資金取引者を相手に自己取引して委託・仲介手数料相当額を実質的に徴収する分、最終資金取引者は売買益が減少し、不利な取引契約を余儀なくされる場合がある。中でも、複合商品として相対取引される金融派生商品は、最終資金取引者がその相場水準を把握しづらく、最終資金取引者を相手に自らを有利にする契約を成立させた銀行や証券会社が、その後の金融機関間市場で暴利を貪るようなケースが指摘されてきた。前述の実施の形態では、最終資金取引者が他の最終資金取引者を相手に外国為替商品や金融派生商品を取引することから、介在する銀行や証券会社へ直接的もしくは間接的に支払われる委託・仲介手数料が消失する分、最終資金取引者がより多くの売買益やより有利な契約条件を達成できる。(2) The above elimination of fees contributes to the trading profit and contract terms of the final fund trader. In other words, in the conventional structure in which the final fund trader trades foreign exchange products and financial derivatives through banks and securities companies, intervening banks and securities companies collect commissions and brokerage fees, or As brokers and securities firms make transactions with the final fund trader on their own and substantially collect the amount of commission and brokerage fees, the final fund trader may lose profits on trading and may be forced to make onerous contracts. is there. In particular, financial derivatives that are traded bilaterally as complex products are difficult for final fund traders to grasp the market level, and banks and securities firms that have signed contracts that give themselves advantages over final fund traders are It has been pointed out that the inter-financial markets have been devastating since then. In the embodiment described above, since the final fund trader trades foreign exchange products and derivative products with other final fund traders, the commission paid directly or indirectly to intervening banks and securities companies -The disappearance of brokerage commissions allows final fund traders to achieve more trading profits and more favorable contract terms.
４．（１）前述の実施の形態によれば、個別商品への新しいアクセスが可能になる。即ち、個人の最終資金運用者が金利商品へ本格参加できる。個人の最終資金運用者にとっての金利商品と言えば、これまでは預貯金がほとんどであり、個人の最終資金運用者は、全ての金利商品が本来抱えている信用リスク、並びに価格部分が運用利回りに影響する債券についての知識に乏しかった。債券発行による国内の資金調達者としては発券銀行や事業法人が挙げられるものの、これらの調達者は、債券に関して十分な知識を備える法人を対象とする債券と、個人の最終資金運用者を対象とする債券とを利回りにおいて差別し、金利市場に関する知識や情報の不十分な個人の最終資金運用者が不利益を被る場合が多かった。また、個人の最終資金運用者は、定期預金の代替商品としてこれらの債券を満期まで保有する傾向が強く、期中、市場が上昇しても売却することなく、結果的に逸失利益を被る場合が多かった。さらに金融構造において、個人は介在する銀行を経由して間接的に融資やコマーシャル・ペーパー投資に参加するに過ぎず、これまで、これらを運用対象とすることは実質的に不可能だった。前述の実施の形態では、金利商品についての知識や情報が豊富な運用代行者や運用評価者の設置によって、個人の最終資金運用者が債券に対する投資を本格化でき、債券の一種とも呼べる貸付債権やコマーシャル・ペーパーを、さらには融資そのものを運用対象に含めることができる。4. (1) According to the above-described embodiment, a new access to an individual product becomes possible. That is, the individual final fund manager can fully participate in the interest rate product. Speaking of interest rate products for individual ultimate fund managers, deposits and savings have so far been the most, and individual ultimate fund managers believe that the credit risk inherent in all interest rate Lack of knowledge about the bonds that affected them. Although domestic financing sources for bond issuance include issuing banks and business corporations, these financing targets are those for corporations with sufficient knowledge of bonds and those for individual final fund managers. Investors often discriminate against interest-bearing bonds in yields and suffer disadvantages for individuals who have little knowledge or information about the interest rate markets. In addition, individual final money managers are more likely to hold these bonds as a substitute for time deposits until maturity, and during the period they will not sell even if the market rises, resulting in lost profits. There were many. Moreover, in the financial structure, individuals only participate in loans and commercial paper investments indirectly through intervening banks, and until now it was virtually impossible to target them. In the embodiment described above, by setting up investment managers and investment evaluators who have a wealth of knowledge and information about interest rate products, individual ultimate fund managers can start full-scale investment in bonds, and loan receivables can be called a kind of bond And commercial paper, and even the loan itself.
（２）個人の最終資金取引者が外国為替取引や金融派生商品取引へ本格参加できる。即ち、これまで個人の最終資金運用者にとっての金融商品と言えば預貯金や株式、個人の最終資金調達者にとっての金融商品は借入がほとんどであり、外国為替商品や金融派生商品に関しての知識や情報が不十分であったため、これら個人の最終資金取引者は結果的に逸失利益を被っていた。前述の実施の形態では、外国為替商品や金融派生商品についての知識や情報が豊富な取引代行者や取引評価者の設置によって、個人が取引対象とできる金融商品の選択肢の幅が広がり、より高い運用利回り、より低い調達コストを達成できる。単純な売買の他に、外国為替商品や金融派生商品はヘッジ取引や裁定取引に有効であり、現在保有している資金運用商品、あるいは現在抱えている資金調達商品に、このヘッジ取引や裁定取引を組み合わせることで多様な利益を享受できる。(2) Individual final fund traders can fully participate in foreign exchange transactions and financial derivative transactions. Until now, financial products for individual final fund managers have been mostly borrowed from deposits and savings and stocks, and financial products for individual final funders, and knowledge and information about foreign exchange products and financial derivatives. Inadequate funding resulted in loss of profits for these individuals' final funders. In the above-described embodiment, by setting up a transaction agent or a transaction evaluator who has a wealth of knowledge and information on foreign exchange products and financial derivatives, the range of options for financial products that individuals can trade with is expanded, and higher Achieve operational returns and lower procurement costs. In addition to simple trading, foreign exchange products and financial derivatives are effective in hedging and arbitrage transactions. Various benefits can be enjoyed by combining.
（３）貸付債権の流通市場に運用機会を与えることができる。即ち、一般的な資金運用者が最終資金調達者に対して融資を実行した場合、通常償還まで貸付金の返済は終了しないが、資金運用者は、営業政策や資金繰りなどの理由から期中にその貸付債権を売却する必要性も生じる。信用力の比較的低い最終資金調達者は、信用力格付けが必要な債券発行ではなく融資で資金を借り入れる傾向が強いため、期中に貸付債権が、流通市場で債券のような価格・利回りを備えれば、最終資金運用者にとっても魅力ある金融商品に生まれ変わる。前述の実施の形態は、信用リスク見合いでより高い運用利回りを享受できる貸付債権の流通市場を最終資金運用者に提供する。(3) Opportunities can be given to the secondary loan loan market. In other words, when a general fund manager makes a loan to the final funder, the repayment of the loan does not end until normal repayment, but the fund manager does not There is also a need to sell loans. End-financers with relatively low creditworthiness are more likely to borrow funds through loans rather than bond issues that require a credit rating, so loans during the period have secondary-market bond-like prices and yields. If it does, it will be reborn as a financial product that is attractive to the final money manager. The above-described embodiment provides the ultimate fund manager with a secondary market for loan receivables that can enjoy a higher investment yield in view of credit risk.
（４）非公開株式の発行の活性化を図ることができる。即ち、株式を公開していない企業は、公開企業に比べて情報開示が不十分なこともあり、資金調達の方法が銀行融資などに片寄り、株式発行による調達は縁故関係を対象とした案件などに限られていた。前述の実施の形態では、参考・提案資料提供者や当該システムの運営者が非公開株式の理論価格を表示し、非公開株式に関しての調達代行者や調達評価者、運用代行者、運用評価者の豊富な知識や情報が役立つことで最終資金調達者と最終資金運用者の需要が掘り起こされ、低調だった市場を活性化できる。(4) The issuance of private shares can be activated. In other words, companies that are not publicly traded have insufficient disclosure of information compared to publicly traded companies, so the method of financing is biased toward bank financing, etc. And so on. In the above-described embodiment, the reference / proposal material provider and the operator of the system display the theoretical price of the private stock, and the procurement agent, procurement evaluator, investment agent, The useful knowledge and information of the US can help to stimulate the demand of final funders and final managers and to revitalize the weak market.
５．（１）前述の実施の形態は、市場に透明性を提供する金融取引システムを可能とする。即ち、流通市場の相対取引に透明性を提供することができる。株式に関し、各国の取引所は取引の集中義務を緩和し、国外や立会時間外でも資金運用者が相対で取引できるような環境を整えつつある。一方、貸付債権や債券、コマーシャル・ペーパーなどは従来より相対取引が中心であり、取引所での売買は少ない。しかし、このまま流通市場の相対取引が増加し続けた場合、市場の透明度が下がり、同一時刻でもＡ市場とＢ市場とで約定価格や約定利回りが異なるといった一物多価が生じ、不利益を被る最終資金運用者も出てくる。また、同一時刻における一物多価は、保有している資金運用商品を時価評価する場合などにも不都合を生じさせる。前述の実施の形態は、国内外の取引を当該システムに集中させ、１日２４時間体制で取引をカバーすることが可能であるため、各種資金運用商品の現在の相場水準や取引数量を実勢通りに表示しやすく、流通市場に透明性を提供することができる。5. (1) The above-described embodiment enables a financial transaction system that provides market transparency. In other words, transparency can be provided for the bilateral trade in the secondary market. With respect to equities, exchanges around the world have eased their obligation to concentrate transactions and are creating an environment in which fund managers can trade bilaterally outside and outside of trading hours. On the other hand, loans and receivables, commercial paper, etc., have been mainly traded and traded on exchanges less frequently. However, if trade in the secondary market continues to increase as it is, the transparency of the market decreases, and even at the same time, the market A and the market B have different prices and contract yields. There will also be final fund managers. In addition, the multi-item price at the same time causes inconvenience even when the market value of the money management product held is evaluated. In the above-described embodiment, since domestic and foreign transactions can be concentrated in the system and the transactions can be covered 24 hours a day, the current market level and transaction volume of various fund management products can be adjusted according to actual conditions. And can provide transparency to the secondary market.
（２）資金取引商品の相対取引に透明性を提供することができる。即ち、外国為替商品や金融派生商品は、仕組みが複雑になるほど注文商品を作りやすい相対取引への需要が強くなり、従来より相対取引の割合が高い。しかし、このまま相対取引が増加し続けた場合、市場の透明度が下がり、同一時刻でもＡ市場とＢ市場とで約定価格や約定金利、約定利回り、約定上乗せ利回り、約定為替レートが異なるといった一物多価が生じ、不利益を被る最終資金取引者も出てくる。また、同一時刻における一物多価は、抱えている資金取引商品を時価評価する場合などにも不都合が生じる。前述の実施の形態は、国内外の取引を当該システムに集中させ、１日２４時間体制で取引をカバーすることが可能であるため、資金取引商品の現在の相場水準や取引数量を実勢通りに表示しやすく、市場に透明性を提供することができる。(2) It is possible to provide transparency in bilateral transactions of fund transaction products. That is, as for the foreign exchange products and the financial derivative products, the more complicated the structure, the stronger the demand for the bilateral transaction that makes it easy to make an order product, and the ratio of the bilateral transaction is higher than before. However, if the bilateral transactions continue to increase, the market transparency will decrease, and the market price and contract rate, contract yield, contract surplus yield, contract exchange rate will differ between Market A and Market B at the same time. There are some final fund traders who will incur value and suffer disadvantages. In addition, the multi-item price at the same time causes inconvenience even when the market value of the funded transaction product is evaluated. In the above-described embodiment, since domestic and foreign transactions can be concentrated on the system and the transactions can be covered 24 hours a day, the current market level and transaction volume of the fund transaction products can be set according to the actual situation. It is easy to display and can provide transparency to the market.
６．（１）前述の実施の形態によれば、市場に流動性を提供することができる。即ち、流動性が低い証券売買の活性化を図ることができる。一般的に、様々な事業法人が発行する債券やコマーシャル・ペーパー、及び中小企業や非公開企業が発行する株式は流動性が低く、最終資金運用者が流通市場で活発に売買することは困難である。これは、売買を仲介する証券会社や銀行にとって、これら有価証券の取引が収益的に旨味に欠け、買いたい最終資金運用者と売りたい最終資金運用者の発掘が十分行われていなかったことなどを理由とする。前述の実施の形態では、参考・提案資料提供者や当該システムの運営者が非流動性証券の理論価格や理論利回りを表示し、非流動性証券に関しての運用代行者や運用評価者の豊富な知識や情報を役立てることで、これらを買いたい最終資金運用者と売りたい最終資金運用者の需要が掘り起こされ、売買が低調だった市場に流動性を提供できる。6. (1) According to the above embodiment, liquidity can be provided to the market. In other words, securities trading with low liquidity can be activated. Generally, bonds and commercial paper issued by various corporations and shares issued by SMEs and private companies are low in liquidity, making it difficult for the ultimate fund manager to actively buy and sell in the secondary market. is there. This is due to the fact that securities firms and banks that broker and sell these securities do not have a good taste in terms of profitability, and the fund managers who want to buy and sell are not fully identified. For the reason. In the above-described embodiment, the provider of reference / proposal materials and the operator of the system display the theoretical price and theoretical yield of illiquid securities, and have a wealth of investment agents and investment evaluators for illiquid securities. The use of knowledge and information can elicit demand for final fund managers who want to buy and sell them, and provide liquidity to markets where trading has been sluggish.
（２）流動性が低い外国為替取引や金融派生商品取引を活性化することができる。即ち、相対で取引される資金取引商品には流動性の低いものが多く、最終資金取引者が流通市場で活発に売買することは困難である。これは、金額や契約期間、行使可能な各種権利など、最終資金取引者の細かな注文が商品設計に反映された結果、当該商品の相手方になれる最終資金取引者が見つかりにくいことなどを理由とする。前述の実施の形態では、規格商品を組み合わせて注文商品を合成する作業と、注文商品を分解して規格商品に戻す作業とを当該システムの運営者などが適宜行うことで、最終資金取引者である売建希望者と買建希望者との需要がマッチされやすくなり、取引が低調だった資金取引商品に流動性を提供できる。(2) Foreign exchange transactions and financial derivative transactions with low liquidity can be activated. That is, there are many low-liquidity financial transactions products that are traded with each other, and it is difficult for the final fund trader to actively buy and sell in the secondary market. This is because the detailed order of the final fund trader, such as the amount, contract period, and various rights that can be exercised, is reflected in the product design, and it is difficult to find the final fund trader who can be the counterparty of the product. I do. In the above-described embodiment, the operator of the system or the like appropriately performs the operation of combining the standard products and synthesizing the ordered product and the operation of disassembling the ordered product and returning the product to the standard product. Demands for certain buyers and buyers can be more easily matched, and liquidity can be provided to fund trading products that have been underperforming.
尚、前述の実施の形態でいう資金取引商品の売建及び買建は、外国為替取引や金融派生商品取引における持高の造成行為を意味するものとする。よって、為替直物取引や先渡取引、先物取引、オプション取引などにおける売り持高の造成及び買い持高の造成のみならず、スワップ取引などにおける相対峙した持高の造成をも含む。It should be noted that the selling and buying of a fund transaction product in the above-described embodiment means an act of building a position in a foreign exchange transaction or a financial derivative product transaction. Therefore, this includes not only the creation of the sales position and the creation of the purchase position in the exchange spot transaction, the forward transaction, the futures transaction, the option transaction and the like, but also the creation of the opposed position in the swap transaction and the like.
７．（１）前述の実施の形態は、資金調達関連の情報に中立性を持たせることができる。即ち、引受・販売業務において主幹事を務めたり、引受・販売団においてより高いシェアを獲得したりすることを目的として、証券会社や銀行が資金調達に絡む情報を最終資金調達者及び最終資金運用者へ提供する姿勢が従来より指摘されているが、これでは、証券会社や銀行が自社の実績作りに走るあまり、最終資金調達者にとっての最適な資金調達、最終資金運用者にとっての最適な資金運用が困難になる。前述の実施の形態における調達提案資料提供者及び運用参考資料提供者は、最終資金調達者及び最終資金運用者の側にそれぞれ立って資金調達関連の情報を提供するため、最終資金調達者及び最終資金運用者はそれぞれ調達及び運用の最適化を図ることができる。7. (1) In the above-described embodiment, financing-related information can be made neutral. In other words, securities firms and banks use the information related to financing for the final financing and final fund management in order to serve as lead manager in underwriting and sales operations and to obtain a higher market share in underwriting and sales teams. It has been pointed out that the securities companies and banks are running their own track record, so that the optimal funding for final funders and the optimal funding for final Operation becomes difficult. In the above-mentioned embodiment, the procurement proposal material provider and the operational reference material provider provide the financing-related information on behalf of the final financing provider and the final financing manager, respectively. Fund managers can each optimize procurement and operations.
尚、前述の実施の形態でいう調達提案資料とは次のような資料を指す。In addition, the procurement proposal data referred to in the above embodiment refers to the following data.
（ａ）資金調達に影響を与える経済・金融ニュースや企業ニュース、政治ニュースなど。(A) Economic / financial news, corporate news, political news, etc. that affect financing.
（ｂ）資金調達のタイミングや調達コスト、条件確定の方法、スケジュールなどについての意見。(B) Opinions on the timing of fund procurement, procurement costs, method of determining conditions, schedule, etc.
（ｃ）資金運用者別や資金運用者タイプ別の販売需要の見込み。(C) Estimated sales demand by fund manager and fund manager type.
（ｄ）負債・資本構成の提案や評価などに関する資料。金融派生商品の利用を含む。(D) Materials related to proposals and evaluations of debt and capital structures. Including the use of financial derivatives.
（ｅ）他の資金調達者の資金調達に関しての予定や噂、評判など。(E) Schedules, rumors, reputations, etc. regarding the financing of other financiers.
（ｆ）資金運用者の資金運用に関しての予定や噂、評判など。(F) The schedule, rumors, reputation, etc. regarding the fund management of the fund manager.
（ｇ）経済・金融全般に関する参考資料：マクロ経済の分析・予測、経済指標や金融指標の分析・予測など。(G) Reference materials on economics and finance in general: Macroeconomic analysis and forecasting, and economic and financial indicators analysis and forecasting.
（ｈ）株式市場に関する参考資料：株式の予想値上がり率を数値化・符号化した株価格付けなど、及びそれらに絡むニュース。株式市場全般の分析・予測、個別業種の分析・予測、個別企業の分析・予測、株式指数や個別株価の分析・予測、持株情報など。金融派生商品市場を含む。(H) References on the stock market: Stock price pricing that quantifies and encodes the expected rate of stock price increase, and news related to them. Analysis and forecast of the stock market in general, analysis and forecast of individual industries, analysis and forecast of individual companies, analysis and forecast of stock indexes and individual stock prices, holding information, etc. Includes derivatives markets.
（ｉ）金利・為替市場に関する参考資料：資金調達者の返済能力を数値化・符号化した信用力格付けなど、及びそれらに絡むニュース。金利・為替市場全般の分析・予測、指標金利や債券指数の分析・予測、個別業種や個別企業の信用リスクの分析・予測、個別通貨の分析・予測など。金融派生商品市場を含む。(I) Reference materials on interest rate and foreign exchange markets: Credit rating, which quantifies and encodes the repayment ability of funders, and news related to them. Analysis and forecast of interest rates and foreign exchange markets in general, analysis and forecast of index interest rates and bond indices, analysis and forecast of credit risk of individual industries and companies, analysis and forecast of individual currencies, etc. Includes derivatives markets.
（ｊ）当局の縦覧室などにおける各種閲覧書類。(J) Various browsing documents in the authority's inspection room.
（ｋ）他の資金調達案件の確定条件や仮条件、売出案件の確定条件や仮条件、また、各種金融商品の約定値や気配値、理論値などの相場水準、及びそれらの取引数量。(K) The financing conditions and provisional conditions of other funding proposals, the financing conditions and provisional conditions of sales proposals, the market levels of various financial instruments such as contract prices, quotes, theoretical values, and the transaction volumes thereof.
そして、調達提案資料提供者とは、直接、間接を問わず、最終資金調達者及び調達代行者に対して資金調達の判断材料を提供する国内外の個人や法人であり、次のような者をいう。Procurement proposal materials providers are individuals and corporations in Japan and overseas who provide direct or indirect financing decisions to final funders and procurement agents. Say.
［１］顧問や諮問機関などの助言者。[1] Advisors such as advisors and advisory bodies.
［２］格付け機関や興信所などの信用調査機関。[2] Credit agencies such as rating agencies and Koshinsho.
［３］情報ベンダーやオプショナル情報ベンダー、データベース会社、マスメディアなどの情報提供会社。[3] Information vendors such as information vendors, optional information vendors, database companies, and mass media.
［４］資金運用者。[4] Fund manager.
［５］当局。[5] Authorities.
［６］前述の実施の形態におけるシステム運営者。[6] The system operator in the above embodiment.
（２）資金運用関連の情報に中立性を持たせることができる。即ち、証券会社や銀行が、収入源である売買手数料を増やすため、最終資金運用者の金融商品の売買頻度を上げるべく運用参考資料を最終資金運用者へ提供する姿勢が従来より指摘されるが、これでは、最終資金運用者にとっての最適な資金運用が困難になる。前述の実施の形態における運用参考資料提供者は、最終資金運用者の側に立って情報を提供するため、資金運用商品の売買で収益を上げづらい市場環境下で最終資金運用者に買いや売りを促すことはない。(2) Fund management-related information can be impartial. In other words, it has been pointed out that securities firms and banks have been providing investment reference materials to final fund managers to increase the trading frequency of financial products of final fund managers in order to increase trading commissions, which are a source of income. However, this makes it difficult for the ultimate fund manager to manage funds optimally. In the above-mentioned embodiment, the investment reference material provider provides information on the side of the final fund manager, and therefore buys and sells to the final fund manager in a market environment where it is difficult to make a profit by buying and selling fund management products. Will not prompt.
（３）資金取引関連の情報に中立性を持たせることができる。即ち、銀行や証券会社が、収入源である委託・仲介手数料を増やすため、最終資金取引者の外国為替商品や金融派生商品の取引頻度を上げるべく取引提案資料を最終資金取引者へ提供する姿勢が従来より指摘されるが、これでは、最終資金取引者が必ずしも取引の最適化を図れない。前述の実施の形態における取引提案資料提供者は、最終資金取引者の側に立って情報を提供するため、資金取引で収益を上げづらい市場環境下で最終資金取引者に売買や契約の締結を促すことはない。(3) It is possible to impart neutrality to fund transaction-related information. In other words, banks and securities companies will provide transaction proposal materials to final fund traders to increase the frequency of transactions of foreign exchange products and financial derivatives by final fund traders in order to increase commissions and brokerage commissions that are sources of income. However, this does not always allow the final fund trader to optimize the transaction. In the above-mentioned embodiment, the transaction proposal material provider provides information on the side of the final fund trader, so that the final fund trader may conclude trading or concluding contracts in a market environment where it is difficult to generate profits in fund transactions. I will not prompt you.
８．（１）引受・販売業務において主幹事を務めたり、引受・販売団においてより高いシェアを獲得したりすることを目的として、証券会社や銀行が資金調達に関する助言を最終資金調達者へ提供する姿勢が従来より指摘されているが、これでは、証券会社や銀行が自社の実績作りと引受・販売手数料の獲得に走るあまり、健全な市場における資金調達が困難となる。また、最終資金調達者の金融市場に関する知識や情報は十分ではなく、証券会社や銀行からの助言を鵜呑みにして最終資金調達者が調達を実施し、結果的に不利益を被る場合もあった。前述の実施の形態における調達代行者は、純粋に最終資金調達者の側に立って資金調達を執行するため、調達の方法やタイミングなどを最適化し、結果的に最終資金調達者の調達コストを引き下げることができる。8. (1) Attitudes of securities companies and banks to provide financing advice to final funders with the aim of acting as lead manager in underwriting and sales operations and gaining a higher market share in underwriting and sales teams However, this has made it difficult for securities firms and banks to raise their own track record and earn underwriting and sales commissions, making it difficult to raise funds in a healthy market. In addition, the final financiers do not have enough knowledge and information about the financial markets, and the final financing may be disadvantaged as a result of the final financing being conducted with the advice of securities companies and banks. . The procurement agent in the above-mentioned embodiment optimizes the procurement method and timing, etc., in order to execute financing purely on the side of the final funder, and consequently reduces the procurement cost of the final funder. Can be reduced.
（２）最終資金運用者が、信託銀行の信託勘定や投資顧問会社、投資信託委託会社などの受託機関に資金を預けて運用させる仕組みは従来よりあるが、これらの受託機関は、証券会社や銀行の子会社、系列会社もしくは関係会社である場合が多く、引受・販売業務や委託売買業務で証券会社や銀行が取り扱う有価証券を、直接的あるいは間接的に強制購入させられる市場慣習が以前より指摘されてきた。前述の実施の形態における運用代行者は、証券会社や銀行を経由せずに有価証券を直接購入することから、最終資金運用者と証券会社・銀行との間に生じる利益相反から開放され、純粋に最終資金運用者の側に立った運用が可能になる。(2) There has been a system in which the final fund manager deposits funds in trust institutions such as trust accounts of trust banks, investment advisory companies, and investment trust trust companies, and manages the funds. It is often a subsidiary, affiliate or affiliated company of a bank, and market practices have been pointed out more than before, forcing securities to be directly or indirectly forcibly purchased by securities companies and banks in underwriting and sales operations and consignment trading operations. It has been. The agent in the above embodiment purchases securities directly without going through a securities company or bank, and is therefore free from conflicts of interest that arise between the final fund manager and the securities company / bank, It is possible to operate on the side of the final fund manager.
（３）外国為替市場や金融派生商品市場に関する最終資金取引者の知識や情報は十分ではなく、銀行や証券会社からの助言を鵜呑みにして取引を実施し、最終資金取引者が結果的に不利益を被る場合も多かった。前述の実施の形態における取引代行者は、純粋に最終資金取引者の側に立って資金取引を執行するため、商品の選択や取引方法、取引タイミングなどを最適化し、最終資金取引者により多くの売買益やより有利な契約条件をもたらす。(3) The knowledge and information of the final fund trader regarding the foreign exchange market and financial derivative markets is not sufficient, and the final fund trader conducts transactions with the advice of banks and securities companies, and as a result In many cases it was profitable. The transaction agent in the above-described embodiment optimizes product selection, transaction method, transaction timing, etc., in order to execute the fund transaction purely on the side of the final fund transactor. Produces trading profits and more favorable contract terms.
９．（１）これまで、最終資金調達者による資金調達を総合的に評価する機関はなかった。前述の実施の形態における調達評価者は、最終資金調達者の調達方針に沿った調達代行者を推薦したり、調達代行者が助言した内容、一任されて調達代行者が行った資金調達の成績、あるいは最終資金調達者が単独で行った資金調達の成績を、他の最終資金調達者や他の調達代行者の実績、市場指数の推移などと比較したりして、その評価結果をリアルタイムに最終資金調達者へ報告する。推薦された調達代行者に調達を委託したり、提供された評価結果を将来の調達に活かしたりすることで、最終資金調達者はより低い調達コストを達成できる。9. (1) To date, there has been no organization that comprehensively evaluates the financing by final financiers. The procurement evaluator in the above-mentioned embodiment recommends the procurement agent in accordance with the procurement policy of the final funder, the contents advised by the procurement agent, and the results of the fund procurement performed , Or compare the results of fundraising conducted solely by the final financing unit with the results of other final financing units or other procurement agents, changes in market indices, etc., and evaluate the results in real time. Report to the final funder. By entrusting procurement to the recommended procurement agent and utilizing the evaluation results provided for future procurement, final funders can achieve lower procurement costs.
（２）年金コンサルタントなどが投資家に助言を提供する構造は従来よりあるが、その助言の提供先は機関投資家が中心であり、また、その助言はリアルタイム性に欠けていた。前述の実施の形態における運用評価者は、個人、法人の別を問わず、最終資金運用者の運用方針に沿った運用代行者を推薦したり、運用代行者が助言した内容、一任されて運用代行者が行った資金運用の成績、あるいは最終資金運用者が単独で行った資金運用の成績を、他の最終資金運用者や他の運用代行者の実績、市場指数の推移などと比較したりして、その評価結果をリアルタイムに最終資金運用者へ報告する。推薦された運用代行者に運用を委託したり、提供された評価結果を将来の運用に活かしたりすることで、最終資金運用者はより高い運用利回りを実現できる。(2) There has been a structure in which an annuity consultant or the like provides advice to investors, but the advice is provided mainly to institutional investors, and the advice lacks real-time properties. The investment evaluator in the embodiment described above recommends an investment agent in accordance with the investment policy of the final fund manager, regardless of individual or corporate, Compare the performance of the fund management performed by the agent or the result of the fund management performed by the final fund manager alone with the results of other final fund managers or other managers, changes in market indices, etc. Then, the evaluation result is reported to the final fund manager in real time. By outsourcing the management to the recommended management agent or utilizing the provided evaluation results for future management, the final fund manager can realize a higher investment yield.
（３）これまで、最終資金取引者による外国為替商品や金融派生商品の取引を総合的に評価する機関はなかった。前述の実施の形態における取引評価者は、最終資金取引者の取引方針に沿った取引代行者を推薦したり、取引代行者が助言した内容、一任されて取引代行者が行った取引の成績、あるいは最終資金取引者が単独で行った取引の成績を、他の最終資金取引者や他の取引代行者の実績、市場指数の推移などと比較したりして、その評価結果をリアルタイムに最終資金取引者へ報告する。推薦された取引代行者に取引を委託したり、提供された評価結果を将来の取引に活かしたりすることで、最終資金取引者はより多くの売買益やより有利な契約条件、より効果的なヘッジ取引を達成できる。(3) To date, there has been no institution that comprehensively evaluates the transactions of foreign exchange products and financial derivatives by final fund traders. The transaction evaluator in the above-described embodiment recommends a transaction agent in accordance with the transaction policy of the final fund transactor, the content advised by the transaction agent, the performance of the transaction performed by the transaction agent on its own, Alternatively, the results of transactions conducted by the final fund trader alone can be compared with the results of other final fund traders or other agents, changes in market indices, etc. Report to trader. By outsourcing the transaction to a recommended transactor or using the provided valuation results in future transactions, the final fund transactor will have more trading profits, more favorable contract terms, and more effective Hedge transactions can be achieved.
１０．（１）前述の実施の形態は同時合同の金融取引を可能にする。即ち、株式や債券、コマーシャル・ペーパーなどのこれまでの発行では、引受・販売業務を行う証券会社や銀行の執行能力に限界があるため、多くの最終資金調達者が一斉に資金調達を実施することは困難だった。そのため、調達時期を繰り下げた最終資金調達者がその後の市場下落などで不利益を被ったり、資金調達への参加を逃した最終資金運用者がその後の市場上昇などで結果的に運用タイミングを逸してしまったりすることも多かった。前述の実施の形態では、証券会社や銀行を経由せずに最終資金調達者が最終資金運用者から資金の供給を受けることから、また、現在の信用力と将来の信用力見通しが近い最終資金調達者同士、現在の株価水準や将来の株価見通しが近い最終資金調達者同士の同時合同調達が可能であることから、より多くの最終資金調達者、そしてより多くの最終資金運用者が一斉に市場参加することが可能となる。10. (1) The above embodiment enables simultaneous joint financial transactions. In other words, in the past issuance of stocks, bonds, commercial paper, etc., there is a limit to the execution ability of securities companies and banks that underwrite and sell, so many final funders will raise funds at once. That was difficult. As a result, final funders who have advanced their funding timing will suffer disadvantages due to the subsequent decline in the market, and final fund managers who have missed participation in financing will eventually lose their investment timing due to a subsequent rise in the market. I often did it. In the above-described embodiment, the final funder receives the fund from the final fund manager without going through a securities company or a bank. With the possibility of simultaneous joint financing between raisers and final financiers with similar current or future stock prices, more and more final financiers and more and more final financing managers can work together It becomes possible to participate in the market.
（２）複数の資金運用者による同時合同融資は、銀行や証券会社から成る引受団の組成という形で国内外で行われてきたが、これは、最終資金調達者もしくは引受団の主幹事に招聘された金融機関が１つの案件に参加できるスタイルに過ぎなかった。また、新規に発行される債券や株式、コマーシャル・ペーパーの同時合同購入は、銀行や証券会社から成る引受・販売団が販売を終了した段階で、資金運用者が１つの銘柄を同時合同購入する形となったに過ぎなかった。一方、従来の流通市場における資金運用（売出を含む）では、資金運用者間のコミュニケーションが殆どなく、同一資金運用者内における複数の担当者によるものや、同一銘柄における複数の売出人によるものを除くと、複数の資金運用者による同時合同運用（同時合同売出を含む）はなかった。(2) Simultaneous joint financing by multiple fund managers has been conducted in Japan and abroad in the form of an underwriting team consisting of banks and securities companies. It was just a style where invited financial institutions could participate in one project. In the joint purchase of newly issued bonds, stocks and commercial paper, the fund manager purchases one stock simultaneously when the underwriting and sales team consisting of banks and securities companies has finished selling. It just took shape. On the other hand, in the conventional fund management (including selling) in the secondary market, there is almost no communication between the fund managers, and there is no communication between multiple managers within the same fund manager or multiple sellers within the same brand. Excluding this, there was no simultaneous joint management (including simultaneous joint selling) by multiple fund managers.
前述の実施の形態では、最終資金運用者や運用代行者が同時合同運用するパートナー、つまり運用方針や運用目標が一致する他の最終資金運用者や他の運用代行者と歩調を合わせ、運用金額を大きくすることで運用利回りの向上を図れる。一方、最終資金調達者も、同時合同運用によって最終資金運用者側の運用資金が大きくなれば、少ない回数でより大型の調達が可能になり、市場環境が良いタイミングを逃して結果的に割高な調達コストになることを回避できる。In the above-mentioned embodiment, the final fund manager and the investment management agent operate jointly with the partner, that is, the other final fund managers and other investment agents whose investment policies and management goals match each other. By increasing, the investment yield can be improved. On the other hand, if the final fund manager's working capital is increased by simultaneous joint management, the final fund raiser will be able to procure a larger fund in a smaller number of times, and the market environment will be missed at a good timing, resulting in higher cost. It is possible to avoid procurement costs.
（３）従来の外国為替商品や金融派生商品の取引では資金取引者間のコミュニケーションが殆どなく、同一資金取引者内における複数の担当者によるものを除くと、複数の資金取引者による同時合同取引はなかった。前述の実施の形態では、最終資金取引者や取引代行者が、同時合同取引するパートナー、つまり取引方針や取引目標が一致する他の最終資金取引者や他の取引代行者と歩調を合わせ、取引金額を大きくすることで、より多くの売買益やより有利な契約条件を達成できる。(3) In conventional transactions of foreign exchange products and derivative financial products, there is almost no communication between fund traders, and simultaneous joint transactions by multiple fund traders, except for those handled by multiple persons within the same fund trader. There was no. In the embodiment described above, the final fund trader or agent acts in tandem with the partner of the simultaneous joint transaction, that is, the other final fund operator or other agent whose trading policy and transaction target match. By increasing the amount, more trading profits and more favorable contract terms can be achieved.
さて、ここで本発明の技術的思想を列挙すると、以下のようになる。Now, the technical ideas of the present invention will be listed as follows.
（１）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な記憶媒体であって、１つ以上のコンピュータネットワークを介して金融商品の取引市場を創設し、伝統的な銀行や伝統的な証券会社などによる取引の仲介を排除し、最終資金運用者、最終資金調達者、最終資金取引者といった最終顧客同士がマッチングで金融取引を直接成立させることができる。(1) A computer-readable storage medium storing a mediation elimination financial transaction program, which establishes a trading market for financial products through one or more computer networks, such as a traditional bank or a traditional securities company. And final clients such as final fund managers, final funders, and final fund traders can directly establish financial transactions by matching.
（２）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、前記金融取引を資金調達とすることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、資金調達希望者の端末が、資金調達注文を該コンピュータへ送信する送信手段と、該コンピュータが、資金調達希望者の端末から前記送信手段によって送信された資金調達注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた資金調達注文を格納する記憶手段と、該コンピュータが、特定又は不特定の資金運用希望者の端末へ前記資金調達注文を開示する開示手段と、資金運用希望者の端末が、該コンピュータから前記開示手段によって開示された資金調達注文に基づいて、その資金調達を対象とする資金運用注文を該コンピュータへ送信する送信手段と、該コンピュータが、資金運用希望者の端末から前記送信手段によって送信された資金運用注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた資金運用注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した資金調達注文と資金運用注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に資金調達注文と資金運用注文との間で資金調達を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を資金調達希望者の端末及び資金運用希望者の端末へ通知する通知手段とを備えることにより仲介排除資金調達を実現させることができる。(2) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, wherein the financial transaction is funded, and one or more computers and a plurality of computers connected to the computer network. Transmitting means for transmitting a financing order to the computer by the terminal of the financing applicant to the user terminal, and the computer receiving the financing order transmitted by the transmitting means from the terminal of the financing applicant Receiving means, a storage means for storing the financing order received by the computer, and a disclosing means for disclosing the financing order to a terminal of a specified or unspecified fund management applicant; , The terminal of the applicant for fund management receives the fundraising order disclosed by the disclosure means from the computer. Transmitting means for transmitting a fund management order for the fund procurement to the computer, and receiving means for receiving the fund management order transmitted from the terminal of the fund management applicant by the transmitting means, A storage means for storing the fund management order received by the receiving means by the computer; and a matching means for comparing the fund procurement order and the fund management order stored by the storage means with each other to determine a match between the conditions. Updating means for establishing the financing between the financing order and the fund management order when the computer determines that the condition is satisfied by the matching means, and updating both the orders stored by the storage means. , The computer transmits the transaction result derived by the matching means to an end And it is possible to realize the intermediary exclusion funding by providing a notification unit to notify the money management seekers terminal.
（３）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、前記金融取引を資金運用とすることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、該利用者端末が、資金運用商品の買付注文及び売付注文を該コンピュータへ送信する送信手段と、該コンピュータが、該利用者端末から前記送信手段によって送信された買付注文及び売付注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買付注文及び売付注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した買付注文と売付注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に買付注文と売付注文との間で売買を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を該利用者端末へ通知する通知手段とを備えることにより仲介排除資金運用を実現させることができる。(3) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, wherein the financial transaction is used for fund management, wherein one or more computers and a plurality of computers connected to the computer network are provided. Transmitting means for transmitting, to the computer, a purchase order and a selling order for a fund-managed product to the user terminal, and the computer transmitting the purchase order transmitted from the user terminal by the transmitting means. Receiving means for accepting a purchase order and a sales order; storage means for storing the purchase order and the sales order received by the computer by the reception means; and a purchase order stored by the storage means for the computer. A matching means for determining whether the condition is met by matching the sales order with the computer; If it is determined that the conditions are satisfied, a trade is established between the purchase order and the sell order, and updating means for updating both orders stored by the storage means, and the computer comprises: By providing notification means for notifying the user terminal of the derived transaction result, it is possible to realize the operation of the intermediary elimination fund.
（４）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、前記金融取引を売出とすることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、売出希望者の端末が、資金運用商品の売出注文を該コンピュータへ送信する送信手段と、該コンピュータが、売出希望者の端末から前記送信手段によって送信された売出注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた売出注文を格納する記憶手段と、該コンピュータが、特定又は不特定の買入希望者の端末へ前記売出注文を開示する開示手段と、買入希望者の端末が、該コンピュータから前記開示手段によって開示された売出注文に基づいて、その売出を対象とする買入注文を該コンピュータへ送信する送信手段と、該コンピュータが、買入希望者の端末から前記送信手段によって送信された買入注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買入注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した売出注文と買入注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に売出注文と買入注文との間で売出を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を売出希望者の端末及び買入希望者の端末へ通知する通知手段とを備えることにより仲介排除売出を実現させることができる。(4) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, wherein the financial transaction is sold, and one or more computers and a plurality of computers connected to the computer network are provided. A transmitting means for transmitting a selling order of the fund management product to the computer by the terminal of the selling applicant to the user terminal, and a reception by the computer for receiving the selling order transmitted by the transmitting means from the terminal of the selling applicant. Means, storage means for storing the sales order received by the computer, and means for disclosing the sales order to a terminal of a specific or unspecified purchase applicant; The terminal of the applicant targets the sale based on the sale order disclosed by the disclosure means from the computer. Transmitting means for transmitting a purchase order to the computer, receiving means for receiving the purchase order transmitted from the terminal of the purchase applicant by the transmitting means, and receiving the purchase order by the receiving means. Storage means for storing the purchase order, the matching means for comparing the selling order and the purchase order stored by the storage means with each other, and determining whether the conditions are met. If it is determined that the two match, a selling order is established between the selling order and the buying order, and updating means for updating both orders stored by the storing means, and the transaction conducted by the computer by the matching means. By providing notification means for notifying the result to the terminal of the person who wants to sell and the terminal of the person who wants to buy, It can be realized.
（５）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、前記金融取引を資金取引とすることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、該利用者端末が、資金取引商品の買建注文及び売建注文を該コンピュータへ送信する送信手段と、該コンピュータが、該利用者端末から前記送信手段によって送信された買建注文及び売建注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買建注文及び売建注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した買建注文と売建注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に買建注文と売建注文との間で資金取引を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を該利用者端末へ通知する通知手段とを備えることにより仲介排除資金取引を実現させることができる。(5) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, wherein the financial transaction is a fund transaction, and one or more computers and a plurality of computers connected to the computer network. Transmitting means for transmitting a buy order and a sell order of a fund transaction product to the computer, and the computer transmitting the purchase order transmitted from the user terminal to the user terminal by the transmitting means. Receiving means for receiving a build order and a sell order; a storage means for storing the buy order and the sell order received by the computer by the receiving means; and a buy order stored by the storage means for the computer. A matching means for determining whether the condition is met by matching the selling order with the computer; Updating means for establishing a fund transaction between the buy order and the sell order when the conditions are determined to be satisfied, and updating the two orders stored by the storage means; and And a notifying unit for notifying the user terminal of the transaction result derived by the above, the brokerage elimination fund transaction can be realized.
（６）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、前記金融取引を相対取引とすることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、金融商品の相対取引を希望する者の端末が、取引相手となり得る候補者の端末へ相対取引要求を送信する送信手段と、該相対取引候補者の端末が、該相対取引希望者の端末から前記送信手段によって送信された相対取引要求を受信する受信手段と、該相対取引候補者の端末が、前記受信手段によって受信した相対取引要求に対し、受諾、拒否又は交渉の意思決定を該相対取引希望者の端末へ返信する返信手段と、該相対取引希望者の端末が、該相対取引候補者の端末から前記返信手段によって返信された意思決定を受信する受信手段と、該相対取引希望者の端末及び／又は該相対取引候補者の端末が、相対取引の成立又は不成立の結果を前記コンピュータへ通知する通知手段とを備えることにより仲介排除相対取引を実現させることができる。(6) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, wherein the financial transaction is a bilateral transaction, wherein one or more computers and a plurality of computers connected to the computer network are provided. Means for transmitting a bilateral transaction request to a terminal of a candidate who can be a trading partner; and a terminal of the bilateral trade candidate, Receiving means for receiving the bilateral transaction request transmitted by the transmitting means from the terminal of the applicant; and a terminal of the bilateral transaction candidate accepting, rejecting or negotiating the bilateral transaction request received by the receiving means. A reply means for returning the decision to the terminal of the counterparty candidate; and a terminal of the counterparty candidate returned from the terminal of the counterparty candidate by the reply means. Receiving means for receiving the determined decision, and a notifying means for notifying the computer of the result of the establishment or non-establishment of the bilateral transaction, wherein the terminal of the bilateral transaction applicant and / or the terminal of the bilateral transaction candidate are provided. Thereby, the intermediary exclusion relative transaction can be realized.
（７）仲介排除金融取引プログラムを記録したコンピュータ読み取り可能な前述の記憶媒体であって、更なる手段を備えることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末に、前記相対取引希望者の端末が、金融商品の相対取引要求を該コンピュータへ送信する送信手段と、該コンピュータが、該相対取引希望者の端末から前記送信手段によって送信された相対取引要求を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた相対取引要求に合致した相対取引候補者を特定する特定手段と、該コンピュータが、前記特定手段によって特定した相対取引候補者の連絡先を該相対取引希望者の端末へ通知する通知手段とを更に備えることにより仲介排除相対取引を実現させることができる。(7) The above-mentioned computer-readable storage medium recording a mediation elimination financial transaction program, characterized by further comprising further means, wherein one or more computers and a plurality of users connected to the computer network A terminal, wherein the terminal of the counterparty applicant transmits a counterparty request for a financial instrument to the computer; and the computer transmits the counterparty request transmitted by the transmitter from the terminal of the counterparty. Receiving means for receiving, the computer, the identifying means for identifying a relative transaction candidate matching the relative transaction request received by the receiving means, and the computer contact information of the relative transaction candidate identified by the identifying means And a notifying means for notifying the terminal of the negotiated trader of the negotiated trade. It can be realized.
（８）最終資金運用者、最終資金調達者、最終資金取引者といった最終顧客同士による仲介排除金融取引を支援するためのコンピュータシステムであって、(8) A computer system for supporting intermediary elimination financial transactions between final customers such as final fund managers, final raisers, and final traders,
（ａ）ウェブ・サーバとしての機能とデータベース・サーバとしての機能とを備える１台以上のコンピュータと、(A) one or more computers having a function as a web server and a function as a database server;
（ｂ）前記最終顧客の複数の利用者端末と、(B) a plurality of user terminals of the end customer;
（ｃ）該コンピュータと該利用者端末とを接続する１つ以上のコンピュータネットワークと、(C) one or more computer networks connecting the computer and the user terminal;
（ｄ）資金調達、資金運用、売出、資金取引といった金融取引に関するデータを格納する金融商品データベースより構成され、(D) a financial product database that stores data related to financial transactions such as fund procurement, fund management, sales, and fund transactions;
［１］金融取引契約書、目論見書、報告書及び開示書のうち、何れか１つ以上に関するデータを格納する契約管理データベース、[1] a contract management database that stores data on at least one of a financial transaction contract, a prospectus, a report, and a disclosure;
［２］資金決済及び／又は証券決済に関するデータを格納する決済管理データベース、[2] a settlement management database that stores data related to fund settlement and / or securities settlement,
［３］運用参考資料、調達提案資料及び取引提案資料のうち、何れか１つ以上を格納する配信資料データベース及び、[3] A delivery material database that stores at least one of operation reference materials, procurement proposal materials, and transaction proposal materials, and
［４］前記システムの利用者に関するデータを格納するクライアント情報データベースのうち、何れか１つ以上のデータベースを具備することにより、[4] By providing any one or more databases among client information databases that store data on users of the system,
資金調達注文、資金運用注文、売出注文、資金取引注文といった金融取引注文を需給バランスの原理で直接マッチさせる入札モード及び／又は、A bidding mode for directly matching financial transaction orders such as financing orders, fund management orders, offer orders, and fund transaction orders on the basis of supply and demand balance and / or
通信路を提供されることで前記最終顧客同士が直接交渉により前記金融取引を成立させる相対モードを実現できる。By providing the communication path, the relative mode in which the final customer establishes the financial transaction by direct negotiation can be realized.
（９）前述の仲介排除金融取引システムであって、前記金融取引を資金調達とすることを特徴とし、資金調達希望者の端末が、資金調達注文を前記コンピュータへ送信する送信手段と、該コンピュータが、資金調達希望者の端末から前記送信手段によって送信された資金調達注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた資金調達注文を格納する記憶手段と、該コンピュータが、特定又は不特定の資金運用希望者の端末へ前記資金調達注文を開示する開示手段と、資金運用希望者の端末が、該コンピュータから前記開示手段によって開示された資金調達注文に基づいて、その資金調達を対象とする資金運用注文を該コンピュータへ送信する送信手段と、該コンピュータが、資金運用希望者の端末から前記送信手段によって送信された資金運用注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた資金運用注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した資金調達注文と資金運用注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に資金調達注文と資金運用注文との間で資金調達を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を資金調達希望者の端末及び資金運用希望者の端末へ通知する通知手段とを具備する。(9) The above-mentioned intermediary elimination financial transaction system, wherein the financial transaction is used for financing, and a terminal of a financing applicant transmits a financing order to the computer; Receiving means for receiving a financing order transmitted from the terminal of the financing applicant by the transmitting means, storage means for storing the financing order received by the receiving means, and the computer Or a disclosure means for disclosing the financing order to a terminal of an unspecified fund management applicant, and a terminal of the fund management applicant financing the financing based on the financing order disclosed by the disclosure means from the computer. Transmitting means for transmitting a fund management order targeting the computer to the computer; and Receiving means for receiving the fund management order transmitted by the communication means, storage means for storing the fund management order received by the computer by the receiving means, and financing order and funds stored by the storage means for the computer. A matching means for matching the condition with the operation order, and the computer establishes financing between the financing order and the financing order when the matching means determines that the condition is satisfied; Updating means for updating both orders stored in the storage means, and notifying means for notifying the computer of a transaction result derived by the matching means to a terminal of a fund raising applicant and a terminal of a fund management applicant. I do.
（１０）前述の仲介排除金融取引システムであって、前記金融取引を資金運用とすることを特徴とし、該利用者端末が、資金運用商品の買付注文及び売付注文を前記コンピュータへ送信する送信手段と、該コンピュータが、該利用者端末から前記送信手段によって送信された買付注文及び売付注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買付注文及び売付注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した買付注文と売付注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に買付注文と売付注文との間で売買を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を該利用者端末へ通知する通知手段とを具備する。(10) The above-mentioned intermediary elimination financial transaction system, wherein the financial transaction is fund management, and the user terminal transmits a purchase order and a sales order of a fund management product to the computer. Transmitting means, receiving means for receiving, by the computer, the purchase order and selling order transmitted by the transmitting means from the user terminal, and buying and selling orders received by the computer, by the receiving means; A matching unit that matches the purchase order and the sales order stored by the storage unit to determine whether the condition is met, and that the computer determines that the condition is matched by the matching unit. When the discrimination is made, a trade is established between the purchase order and the sell order, and the update for updating both orders stored by the storage means is performed. And the step, the computer, the transaction result led by the matching means and a notifying means for notifying to said user terminal.
（１１）前述の仲介排除金融取引システムであって、前記金融取引を売出とすることを特徴とし、売出希望者の端末が、資金運用商品の売出注文を前記コンピュータへ送信する送信手段と、該コンピュータが、売出希望者の端末から前記送信手段によって送信された売出注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた売出注文を格納する記憶手段と、該コンピュータが、特定又は不特定の買入希望者の端末へ前記売出注文を開示する開示手段と、買入希望者の端末が、該コンピュータから前記開示手段によって開示された売出注文に基づいて、その売出を対象とする買入注文を該コンピュータへ送信する送信手段と、該コンピュータが、買入希望者の端末から前記送信手段によって送信された買入注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買入注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した売出注文と買入注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に売出注文と買入注文との間で売出を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を売出希望者の端末及び買入希望者の端末へ通知する通知手段とを具備する。(11) The intermediary elimination financial transaction system described above, wherein the financial transaction is sold, and a terminal of a sales applicant transmits a sales order of a fund management product to the computer; A receiving unit for receiving a sales order transmitted by the transmitting unit from the terminal of the seller; a storage unit for storing the sales order received by the receiving unit; A disclosing means for disclosing the selling order to a terminal of a specific purchase applicant; and a terminal for the purchase applicant, which purchases the sale based on the selling order disclosed by the disclosing means from the computer. Transmitting means for transmitting an incoming order to the computer; and the computer transmitting the purchase order transmitted from the terminal of the purchase applicant by the transmitting means. Receiving means, a storing means for storing the purchase order received by the computer, and the computer matching the selling order and the buying order stored by the storing means to match the conditions. A matching means for determining, and when the computer determines that the condition is satisfied by the matching means, establishes a sale between the selling order and the purchase order, and updates both orders stored by the storage means. Updating means; and a notifying means for notifying the computer of the transaction result derived by the matching means to a terminal of a seller and a terminal of a buyer.
（１２）前述の仲介排除金融取引システムであって、前記金融取引を資金取引とすることを特徴とし、該利用者端末が、資金取引商品の買建注文及び売建注文を前記コンピュータへ送信する送信手段と、該コンピュータが、該利用者端末から前記送信手段によって送信された買建注文及び売建注文を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた買建注文及び売建注文を格納する記憶手段と、該コンピュータが、前記記憶手段によって格納した買建注文と売建注文とを突き合わせて条件の合致を判別するマッチング手段と、該コンピュータが、前記マッチング手段によって条件が合致すると判別した場合に買建注文と売建注文との間で資金取引を成立させ、前記記憶手段によって格納している両注文を更新する更新手段と、該コンピュータが、前記マッチング手段によって導いた取引結果を該利用者端末へ通知する通知手段とを具備する。(12) The intermediary elimination financial transaction system described above, wherein the financial transaction is a fund transaction, and the user terminal transmits a buy order and a sell order of a fund transaction product to the computer. Transmitting means, receiving means for receiving the buy order and sell order transmitted by the transmitting means from the user terminal by the computer, and buy and sell orders received by the receive means by the computer; A matching means for comparing the buy order and the sell order stored by the storage means to determine a match of the condition; and If it is determined, a fund transaction is established between the buy order and the sell order, and both orders stored by the storage unit are updated. And new means, said computer, the transaction result led by the matching means and a notifying means for notifying to said user terminal.
（１３）前述の仲介排除金融取引システムであって、前記金融取引を相対取引とすることを特徴とし、金融商品の相対取引を希望する者の端末が、取引相手となり得る候補者の端末へ相対取引要求を送信する送信手段と、該相対取引候補者の端末が、該相対取引希望者の端末から前記送信手段によって送信された相対取引要求を受信する受信手段と、該相対取引候補者の端末が、前記受信手段によって受信した相対取引要求に対し、受諾、拒否又は交渉の意思決定を該相対取引希望者の端末へ返信する返信手段と、該相対取引希望者の端末が、該相対取引候補者の端末から前記返信手段によって返信された意思決定を受信する受信手段と、該相対取引希望者の端末及び／又は該相対取引候補者の端末が、相対取引の成立又は不成立の結果を前記コンピュータへ通知する通知手段とを具備する。(13) The above-mentioned intermediary elimination financial transaction system, wherein the financial transaction is a bilateral transaction, wherein a terminal of a person who desires a bilateral transaction of a financial product has a relative position to a terminal of a candidate who can be a trading partner. Transmitting means for transmitting a transaction request, a terminal of the relative transaction candidate, receiving means for receiving the relative transaction request transmitted from the terminal of the relative transaction applicant by the transmitting means, and a terminal of the relative transaction candidate Reply means for returning a decision on acceptance, rejection or negotiation to the terminal of the relative transaction applicant in response to the relative transaction request received by the receiving means; and Receiving means for receiving a decision sent back from the terminal of the counterparty by the reply means, and the terminal of the relative transaction applicant and / or the terminal of the relative transaction candidate, before the result of establishment or failure of the relative transaction. Comprising a notification means for notifying to the computer.
（１４）前述の仲介排除金融取引システムであって、更なる手段を具備することを特徴とし、前記相対取引希望者の端末が、金融商品の相対取引要求を前記コンピュータへ送信する送信手段と、該コンピュータが、該相対取引希望者の端末から前記送信手段によって送信された相対取引要求を受け付ける受付手段と、該コンピュータが、前記受付手段によって受け付けた相対取引要求に合致した相対取引候補者を特定する特定手段と、該コンピュータが、前記特定手段によって特定した相対取引候補者の連絡先を該相対取引希望者の端末へ通知する通知手段とを更に具備する。(14) The above-mentioned intermediary elimination financial transaction system, further comprising a further unit, wherein the terminal of the relative transaction applicant transmits a relative transaction request for a financial product to the computer; Receiving means for receiving the relative transaction request transmitted from the terminal of the relative transaction applicant by the transmitting means; and identifying the relative transaction candidate matching the relative transaction request received by the receiving means by the computer. And a notifying means for notifying the contact of the relative transaction candidate to the terminal of the relative transaction candidate specified by the specifying means.
（１５）前述の仲介排除金融取引システムであって、前記金融取引の対象商品を借入、債券、株式及びコマーシャル・ペーパーのうち、何れか１つ以上の資金調達商品とする。(15) In the above-mentioned intermediary elimination financial transaction system, the target product of the financial transaction is any one or more of financing products among borrowings, bonds, stocks, and commercial paper.
（１６）前述の仲介排除金融取引システムであって、前記金融取引の対象商品を貸付債権、債券、株式及びコマーシャル・ペーパーのうち、何れか１つ以上の資金運用商品とする。(16) In the above-mentioned intermediary elimination financial transaction system, the target product of the financial transaction is any one or more fund management products among loans, bonds, stocks, and commercial paper.
（１７）前述の仲介排除金融取引システムであって、前記金融取引の対象商品を外国為替商品、金利派生商品、株式派生商品、複合派生商品、先渡商品、先物商品、オプション商品、スワップ商品のうち、何れか１つ以上の資金取引商品とする。(17) In the above-mentioned intermediary elimination financial transaction system, the financial transaction target product is a foreign exchange product, an interest rate derivative product, a stock derivative product, a compound derivative product, a forward product, a futures product, an option product, or a swap product. Of these, any one or more fund transaction products.
（１８）前述の仲介排除金融取引システムであって、運用代行者、調達代行者、売出代行者及び取引代行者のうち、何れか１つ以上が前記金融取引に参加できる。(18) In the above-mentioned intermediary elimination financial transaction system, at least one of an operation agent, a procurement agent, a selling agent, and a transaction agent can participate in the financial transaction.
（１９）前述の仲介排除金融取引システムであって、運用評価者、調達評価者及び取引評価者のうち、何れか１つ以上が前記金融取引に参加できる。(19) In the intermediary elimination financial transaction system described above, any one or more of an operation evaluator, a procurement evaluator, and a transaction evaluator can participate in the financial transaction.
（２０）前述の仲介排除金融取引システムであって、運用参考資料提供者、調達提案資料提供者及び取引提案資料提供者のうち、何れか１つ以上が前記金融取引に参加できる。(20) In the above-mentioned intermediary elimination financial transaction system, at least one of an operation reference material provider, a procurement proposal material provider, and a transaction proposal material provider can participate in the financial transaction.
（２１）前述の仲介排除金融取引システムであって、国境及び／又は取引時間の壁を超え、前記金融商品を国内外において１日２４時間取引できる。(21) In the above-mentioned intermediary elimination financial transaction system, the financial product can be transacted 24 hours a day in Japan and abroad, crossing borders and / or transaction time.
（２２）前述の仲介排除金融取引システムであって、取引照合、契約書の調印・譲渡、資金決済、証券決済、法規遵守の検査など、取引成立後の決済・管理機能を集約する。(22) The above-mentioned intermediary elimination financial transaction system, which integrates settlement and management functions after transaction completion, such as transaction matching, contract signing / transfer, fund settlement, securities settlement, and legal compliance inspection.
（２３）仲介排除金融取引方法であって、１つ以上のコンピュータネットワークを介して金融商品の取引市場を創設し、伝統的な銀行や伝統的な証券会社などによる取引の仲介を排除し、最終資金運用者、最終資金調達者、最終資金取引者といった最終顧客同士がマッチングで金融取引を直接成立させることができる。(23) A mediation elimination financial transaction method in which a trading market for financial products is created through one or more computer networks, and the mediation of transactions by traditional banks and traditional securities companies is eliminated. End customers, such as a fund manager, a final funder, and a final fund trader, can directly establish a financial transaction by matching.
（２４）前述の仲介排除金融取引方法であって、前記金融取引を資金調達とする。(24) The intermediary elimination financial transaction method described above, wherein the financial transaction is funding.
（２５）前述の仲介排除金融取引方法であって、資金運用を希望する側から、資金調達を実行し得る候補者に資金調達の条件を提示した上で、該資金調達候補者が該資金運用希望者の資金運用を対象に資金調達を行えることを特徴とし、前記コンピュータネットワークに接続された１台以上のコンピュータ及び複数の利用者端末より構成されるシステムにおける、該資金運用希望者の端末が、該資金調達候補者の端末へ資金調達条件を送信する送信ステップと、該資金調達候補者の端末が、該資金運用希望者の端末から前記送信ステップによって送信された資金調達条件を受信する受信ステップと、該資金調達候補者の端末が、前記受信ステップによって受信した資金調達条件に対し、受諾、拒否又は交渉の意思決定を該資金運用希望者の端末へ返信する返信ステップと、該資金運用希望者の端末が、該資金調達候補者の端末から前記返信ステップによって返信された意思決定を受信する受信ステップと、該資金運用希望者の端末及び／又は該資金調達候補者の端末が、資金調達の成立又は不成立の結果を前記コンピュータへ通知する通知ステップとを含む。(25) In the above-mentioned intermediary elimination financial transaction method, the fund-raising candidate presents the conditions of fund-raising to a candidate who can execute the fund-raising from the side that desires the fund-raising, and In the system comprising one or more computers connected to the computer network and a plurality of user terminals, the terminal of the applicant for fund management is characterized by being able to procure funds for fund management of the applicant. Transmitting a funding condition to the fundraising candidate terminal; and receiving the fundraising condition transmitted from the fundraising candidate terminal by the transmitting step from the fundraising candidate terminal. And the terminal of the fund-raising candidate makes a decision on accepting, rejecting or negotiating with the fund-raising condition received in the receiving step, at the end of the fund-raising applicant. A receiving step of receiving a decision returned from the terminal of the fund-raising candidate by the returning step; and / or a terminal of the fund-operating candidate. A step of notifying the computer of the result of establishment or non-establishment of financing by the terminal of the financing candidate.
（２６）前述の仲介排除金融取引方法であって、前記金融取引を資金運用とする。(26) The intermediary elimination financial transaction method described above, wherein the financial transaction is fund management.
（２７）前述の仲介排除金融取引方法であって、前記金融取引を売出とする。(27) In the above-described intermediary elimination financial transaction method, the financial transaction is sold.
（２８）前述の仲介排除金融取引方法であって、前記金融取引を資金取引とする。(28) The intermediary elimination financial transaction method described above, wherein the financial transaction is a fund transaction.
（２９）前述の仲介排除金融取引方法であって、前記金融取引を相対取引とする。(29) In the intermediary elimination financial transaction method described above, the financial transaction is a bilateral transaction.
（３０）金融取引プログラムを記録したコンピュータ読み取り可能な記憶媒体であって、金融商品に関し、複数の規格商品を組み合わせて１つ以上の合成商品を作り上げる作業、１つ以上の合成商品を分解して複数の規格商品を作り出す作業、複数の合成商品を組み合わせて１つ以上の他の合成商品を作り上げる作業、及び１つ以上の合成商品を分解して複数の他の合成商品を作り出す作業のうち、何れか１つ以上を適宜行える。(30) A computer-readable storage medium on which a financial transaction program is recorded, wherein for a financial product, an operation of creating one or more synthetic products by combining a plurality of standard products, and disassembling one or more synthetic products Among the work of creating a plurality of standardized products, the work of combining one or more synthetic products by combining a plurality of synthetic products, and the work of disassembling one or more synthetic products to create a plurality of other synthetic products Any one or more can be performed appropriately.
（３１）金融取引プログラムを記録したコンピュータ読み取り可能な記憶媒体であって、同時合同運用、同時合同調達、同時合同売出及び同時合同取引のうち、何れか１つ以上の同時合同金融取引を可能とする。(31) A computer-readable storage medium on which a financial transaction program is recorded, which enables simultaneous joint financial transactions of any one or more of simultaneous joint operation, simultaneous joint procurement, simultaneous joint sale, and simultaneous joint transaction. I do.
（３２）金融取引システムであって、金融商品に関し、複数の規格商品を組み合わせて１つ以上の合成商品を作り上げる作業、１つ以上の合成商品を分解して複数の規格商品を作り出す作業、複数の合成商品を組み合わせて１つ以上の他の合成商品を作り上げる作業、及び１つ以上の合成商品を分解して複数の他の合成商品を作り出す作業のうち、何れか１つ以上を適宜行える。(32) In the financial transaction system, regarding a financial product, an operation of creating one or more synthetic products by combining a plurality of standard products, an operation of disassembling one or more synthetic products to create a plurality of standard products, Any one or more of operations of combining one or more synthetic products to create one or more other synthetic products and operations of disassembling one or more synthetic products to create a plurality of other synthetic products can be appropriately performed.
（３３）金融取引システムであって、同時合同運用、同時合同調達、同時合同売出及び同時合同取引のうち、何れか１つ以上の同時合同金融取引を可能とする。(33) A financial transaction system that enables simultaneous joint financial transactions of one or more of simultaneous joint operation, simultaneous joint procurement, simultaneous joint sale, and simultaneous joint transaction.
（３４）金融取引方法であって、金融商品に関し、複数の規格商品を組み合わせて１つ以上の合成商品を作り上げる作業、１つ以上の合成商品を分解して複数の規格商品を作り出す作業、複数の合成商品を組み合わせて１つ以上の他の合成商品を作り上げる作業、及び１つ以上の合成商品を分解して複数の他の合成商品を作り出す作業のうち、何れか１つ以上を適宜行える。(34) A financial transaction method, in which a financial product is combined with a plurality of standard products to create one or more synthetic products, one or more synthetic products are disassembled to create a plurality of standard products, Any one or more of operations of combining one or more synthetic products to create one or more other synthetic products and operations of disassembling one or more synthetic products to create a plurality of other synthetic products can be appropriately performed.
（３５）金融取引方法であって、同時合同運用、同時合同調達、同時合同売出及び同時合同取引のうち、何れか１つ以上の同時合同金融取引を可能とする。(35) A financial transaction method that enables simultaneous joint financial transactions of any one or more of simultaneous joint operation, simultaneous joint procurement, simultaneous joint sale, and simultaneous joint transaction.
以上のように、本発明の実施の形態による金融取引サーバ、金融取引プログラム及び金融取引支援方法は、１つ以上のコンピュータネットワークを介して金融商品の取引市場を創設し、最終顧客の需要をマッチさせることができる。 As described above, Rukin financial transaction server, financial transaction program及beauty financial transaction support method by the embodiment of the present invention is to create a trading market of financial instruments through one or more of the computer network, The demand of the end customer can be matched.
また、本発明の実施の形態による金融取引サーバ、金融取引プログラム及び金融取引支援方法は、金融取引における伝統的な仲介者である銀行や証券会社の機能を、システムの運営者や各種代行者、各種評価者、各種資料提供者に振り分けることで、仲介者と最終顧客との間の利益相反を解消し、各種金融取引を効率化、最適化することができる。 In addition, the embodiment in'll Rukin financial transaction server of the present invention, financial transaction program及beauty financial transaction support method, the functions of the traditional is the intermediary banks and securities companies in financial transactions, management of the system By distributing to intermediaries, various agents, various evaluators, and various data providers, conflicts of interest between the intermediary and the end customer can be resolved, and various financial transactions can be streamlined and optimized.
さらに、本発明の実施の形態による金融取引サーバ、金融取引プログラム及び金融取引支援方法は、規格商品−合成商品間の合成作業や分解作業によって各種金融商品の流動性を向上させ、同時合同金融取引を可能にすることで各種取引を当事者にとってより有利なものとすることができる。 Furthermore, the financial transaction server , the financial transaction program, and the financial transaction support method according to the embodiment of the present invention improve the liquidity of various financial products by combining and disassembling operations between standard products and synthetic products, and perform simultaneous joint financial transactions. , Various transactions can be made more advantageous to the parties.
１ 本システムの運営者
２ 最終資金運用者
３ 運用代行者
４ 運用評価者
５ 運用参考資料提供者
６ 最終資金調達者
７ 調達代行者
８ 調達評価者
９ 調達提案資料提供者
１０ 融資
１１ 債券
１２ 株式
１３ コマーシャル・ペーパー
１４ 貸付債権
１５ 売出人
１６ 売出代行者
１７ 最終資金取引者
１８ 取引代行者
１９ 取引評価者
２０ 取引提案資料提供者
２１ 各種外国為替商品
２２ 各種金利派生商品
２３ 各種株式派生商品
２４ その他複合派生商品
２５ インターネット
２６ 仲介排除金融取引サイト
２７ クライアント端末
２８ 仲介排除金融取引サーバ
２９ 支援端末
３０ クライアント情報データベース
３１ 金融商品データベース
３２ 契約管理データベース
３３ 決済管理データベース
３４ 配信資料データベース
３５ 制御部
３６ 表示部
３７ 入力部
３８ 通信部
３９ 処理装置
４０ ハードディスク
４１ 読み取り専用記憶装置
４２ 電気的消去・プログラム可能読み取り専用記憶装置
４３ 読み取り書き込み記憶装置
４４ テープ装置
４５ 鍵盤装置
４６ マウス
４７ 読み取り装置
４８ フレキシブル・ディスク・カートリッジ
４９ 読み出し専用コンパクト・ディスク
５０ 印刷装置
５１ 表示装置
５２ 通信網
５３ 入出力手段
1 Operator of this system 2 Final fund manager 3 Investment agent 4 Operation evaluator 5 Operation reference material provider 6 Final funder 7 Procurement agent 8 Procurement evaluator 9 Procurement proposal material provider 10 Loan 11 Bond 12 Stock
13 Commercial Paper 14 Loan Receivables 15 Selling Agent 16 Selling Agent 17 Final Fund Trader 18 Transaction Agent 19 Transaction Evaluator 20 Transaction Proposal Material Provider 21 Various Foreign Exchange Products 22 Various Interest Rate Derivative Products 23 Various Stock Derivative Products 24 Others Compound derivative product 25 Internet 26 Intermediation exclusion financial transaction site 27 Client terminal 28 Intermediation exclusion financial transaction server 29 Support terminal 30 Client information database 31 Financial product database 32 Contract management database 33 Payment management database 34 Delivery document database 35 Control unit 36 Display unit 37 Input unit 38 Communication unit 39 Processing device 40 Hard disk 41 Read-only storage device 42 Electrically erasable / programmable read-only storage device 43 Read-write storage device 44 Tape device 45 Keyboard device 46 Mouse 47 reader 48 flexible disk cartridge 49 read-only compact disk 50 printer 51 display 52 communication network 53 input / output means
Claims (44)
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the financial transaction is one or more desired numerical values of a price, a discount rate, a yield, and an additional yield;
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、(A) the user terminal of the selling applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売出数量と、(2) the desired sale quantity of the financial product;
（３）該金融商品における希望売出数値レンジとを、(3) The desired sale numerical value range of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
（１）前記金融商品における希望買入数量と、(1) the desired purchase quantity of the financial product;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) Let xa be the desired selling quantity of the financial product A designated by the user terminal of the selling applicant X, and let the selling order transmitted by the user terminal be the selling order x;
（２）買入希望者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、(2) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Y is designated as ya and the desired purchase numerical value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. age,
（３）買入希望者Ｚの利用者端末が指定した金融商品Ａにおける希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、(3) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is the purchase order z. age,
（４）該ＹＡ及び該ＺＡが、売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired selling numerical range of the financial product A designated by the user terminal of the selling applicant X,
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが売出希望者Ｘ寄りであるかを判別するマッチング手段と、A matching means for determining which of the YA and the ZA is closer to the selling applicant X among the selling order x, the buying order y, and the buying order z;
（ｇ）前記マッチング手段によって、前記ＹＡが前記ＺＡより売出希望者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when the matching means determines that the YA is closer to the selling applicant X than the ZA, the financial transaction is established between the selling order x and the buying order y, and First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｚの利用者端末が売出希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) If the financial transaction is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Z, the user terminal of the purchase applicant Z is changed to the sales applicant X Third accepting means for accepting a bilateral transaction request relating to a bilateral transaction of the financial instrument A, which has been specified and transmitted, via the communication network or the radio wave;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｚの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request received by the third receiving unit to the purchase applicant Z via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｚの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で前記相対取引が成立した場合に、(J) The user terminal of the seller X who received the bilateral transaction request communicates with the user terminal of the buyer Z based on the identifier, and as a result, the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Z,
売出希望者Ｘの利用者端末又は買入希望者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Z via the communication network or the radio wave,
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引が成立し、又は、売出希望者Ｘの利用者端末と買入希望者Ｚの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、(K) The financial transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y, or the user purchases the user terminal of the sale applicant X. The bilateral transaction relating to the financial product A is established with the user terminal of the applicant Z;
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、買入希望者Ｚを買入者Ｚとし、金融商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、The purchaser Y who has completed the financial transaction or the bilateral transaction is referred to as a purchaser Y, the purchaser Z is referred to as a purchaser Z, and the financing party holding the financial product A is funded. Procurer α,
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
（１）買入者Ｙもしくは買入者Ｚ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙもしくは買入者Ｚの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right AR to the buyer Y, the buyer Z, or the funder α occurs, and the user terminal of the buyer Y or the buyer Z or the user terminal of the funder α. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）買入者Ｙもしくは買入者Ｚ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙもしくは買入者Ｚの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the buyer A or the buyer Z or the funder α fulfills the obligation AO, and the user terminal of the buyer Y or the buyer Z or the user terminal of the funder α. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the financial transaction is one or more desired numerical values of a price, a discount rate, a yield, and an additional yield;
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、(A) the user terminal of the selling applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売出数量と、(2) the desired sale quantity of the financial product;
（３）該金融商品における希望売出数値とを、(3) The desired sale value of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
（１）前記金融商品における希望買入数量と、(1) the desired purchase quantity of the financial product;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) The desired selling quantity of the financial product A designated by the user terminal of the selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is the selling order x,
（２）買入希望者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、(2) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Y is designated as ya and the desired purchase numerical value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. And if
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the selling order x and the purchase order y, and the xa is set according to the number of the financial transactions established. First updating means for updating the and ya on the financial product database, respectively;
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) If the financial transaction is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y becomes the sales applicant X Third accepting means for accepting a bilateral transaction request relating to a bilateral transaction of the financial instrument A, which has been specified and transmitted, via the communication network or the radio wave;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引又は前記相対取引が成立し、(K) the financial transaction or the bilateral transaction relating to the financial product A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y,
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、金融商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, and the financing unit having the holding amount of the financial product A is defined as a financing unit α,
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記売出代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database that stores self-introduction materials related to the selling agent and self-introduction materials related to the operation agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、又は、前記売出代行者による該売出希望者のための該売出であり、(Viii) the financial transaction is the sale for the candidate for sale, or the sale by the agent for the sale for the candidate for sale;
（ｉｘ）該金融取引は、前記買入希望者にとっての前記買入であり、又は、前記運用代行者による該買入希望者のための該買入であり、(Ix) the financial transaction is the purchase for the purchaser or the purchase by the investment agent for the purchaser;
（ｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(X) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
（ｘｉ）該希望数値は、該売出希望者又は該売出代行者にとっての希望売出数値であり、且つ、該買入希望者又は該運用代行者にとっての希望買入数値であり、(Xi) the desired numerical value is a desired sales numerical value for the sales applicant or the sales agent, and a desired purchase numerical value for the purchase applicant or the investment agent;
（ａ）（１）前記売出代行者の利用者端末が送信した該売出代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the selling agent transmitted by a user terminal of the selling agent,
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）（１）前記第１受信手段によって受信した該売出代行者に係る自己紹介資料を、前記配信資料データベースに格納し、(B) (1) storing the self-introduction material relating to the selling agent received by the first receiving means in the distribution material database;
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売出希望者の利用者端末へ該売出代行者に係る自己紹介資料を配信し、(C) (1) Sale to a specific or unspecified user terminal of the sale applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記買入希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(2) The operation agent to a specific or unspecified user terminal of the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. A first distribution means for distributing the self-introduction material according to
（ｄ）前記金融取引を希望する前記売出希望者の利用者端末又は、前記売出希望者に選定された前記売出代行者の利用者端末が、(D) a user terminal of the selling applicant who desires the financial transaction or a user terminal of the selling agent selected as the selling applicant;
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売出数量と、(2) the desired sale quantity of the financial product;
（３）該金融商品における希望売出数値レンジとを、(3) The desired sale numerical value range of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the selling order received by the first receiving means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末又は、前記買入希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該売出注文を対象に、(G) among the user terminals of the user for whom the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction or the purchase applicant. The user terminal of the operation agent who has been selected and determined to participate in the financial transaction, for the selling order,
（１）前記金融商品における希望買入数量と、(1) the desired purchase quantity of the financial product;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｈ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第３記憶手段と、(H) third storage means for storing the purchase order received by the second reception means in the financial product database;
（ｉ）前記第２記憶手段によって格納した前記売出注文と前記第３記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the selling order stored by the second storage means with the purchase order stored by the third storage means on the financial product database as a matching target;
（１）売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) Let xa be the desired selling quantity of the financial product A designated by the user terminal of the selling applicant X or the selling agent X, and let the selling order transmitted by the user terminal be the selling order x;
（２）買入希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、(2) The purchase order of the financial instrument A designated by the user terminal of the purchase applicant Y or the agent Y is designated by ya, the desired purchase value is designated by YA, and the purchase order transmitted by the user terminal is indicated by YA. Is the purchase order y,
（３）買入希望者Ｚ又は運用代行者Ｚの利用者端末が指定した金融商品Ａにおける希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、(3) The desired purchase quantity of the financial product A designated by the user terminal of the purchase applicant Z or the operation agent Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is Za. Is the purchase order z,
（４）該ＹＡ及び該ＺＡが、売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired selling numerical range of the financial product A designated by the user terminal of the selling applicant X or the selling agent X,
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが売出希望者Ｘ又は売出代行者Ｘ寄りであるかを判別するマッチング手段と、A matching means for determining which of the YA and the ZA is closer to the sales applicant X or the sales agent X among the sales order x, the purchase order y, and the purchase order z;
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより売出希望者Ｘ又は売出代行者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) When the matching means determines that the YA is closer to the selling applicant X or the selling agent X than the ZA, the financial transaction is established between the selling order x and the buying order y. First updating means for respectively updating the xa and the ya on the financial product database according to the number of completed financial transactions;
（ｋ）売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｚ又は運用代行者Ｚの利用者端末が売出希望者Ｘ又は売出代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(K) If the financial transaction is not established between the user terminal of the sales applicant X or the sales agent X and the user terminal of the purchase applicant Z or the operation agent Z, the purchase applicant Z or a user terminal of the operation agent Z receives a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted by specifying the sales applicant X or the sales agent X via the communication network or the radio wave. Third receiving means;
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｚ又は運用代行者Ｚの識別子を付与して売出希望者Ｘ又は売出代行者Ｘの利用者端末へ送信する送信手段と、(L) The relative transaction request received by the third receiving means is transmitted to the purchaser Z or at least one of the broadcasting networks via the communication network and the broadcasting server. Transmitting means for assigning an identifier of the operation agent Z and transmitting the same to the sales applicant X or the user terminal of the sales agent X;
（ｍ）該相対取引要求を受信した売出希望者Ｘ又は売出代行者Ｘの利用者端末が、前記識別子を基に買入希望者Ｚ又は運用代行者Ｚの利用者端末と通信した結果、売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記相対取引が成立した場合に、(M) As a result of the user terminal of the sales applicant X or the sales agent X having received the bilateral transaction request communicating with the purchase applicant Z or the user terminal of the operation agent Z based on the identifier, the sales are performed. When the bilateral transaction is established between the user terminal of the applicant X or the sales agent X and the user terminal of the purchase applicant Z or the operation agent Z,
売出希望者Ｘもしくは売出代行者Ｘの利用者端末又は買入希望者Ｚもしくは運用代行者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant X or the sales agent X or the user terminal of the purchase applicant Z or the operation agent Z is transmitted via the communication network or the radio wave. A second receiving means for receiving,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記売出代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database that stores self-introduction materials related to the selling agent and self-introduction materials related to the operation agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、又は、前記売出代行者による該売出希望者のための該売出であり、(Viii) the financial transaction is the sale for the candidate for sale, or the sale by the agent for the sale for the candidate for sale;
（ｉｘ）該金融取引は、前記買入希望者にとっての前記買入であり、又は、前記運用代行者による該買入希望者のための該買入であり、(Ix) the financial transaction is the purchase for the purchaser or the purchase by the investment agent for the purchaser;
（ｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(X) the desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield;
（ｘｉ）該希望数値は、該売出希望者又は該売出代行者にとっての希望売出数値であり、且つ、該買入希望者又は該運用代行者にとっての希望買入数値であり、(Xi) the desired numerical value is a desired sales numerical value for the sales applicant or the sales agent, and a desired purchase numerical value for the purchase applicant or the investment agent;
（ａ）（１）前記売出代行者の利用者端末が送信した該売出代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the selling agent transmitted by a user terminal of the selling agent,
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）（１）前記第１受信手段によって受信した該売出代行者に係る自己紹介資料を、前記配信資料データベースに格納し、(B) (1) storing the self-introduction material relating to the selling agent received by the first receiving means in the distribution material database;
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売出希望者の利用者端末へ該売出代行者に係る自己紹介資料を配信し、(C) (1) Sale to a specific or unspecified user terminal of the sale applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記買入希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(2) The operation agent to a specific or unspecified user terminal of the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. A first distribution means for distributing the self-introduction material according to
（ｄ）前記金融取引を希望する前記売出希望者の利用者端末又は、前記売出希望者に選定された前記売出代行者の利用者端末が、(D) a user terminal of the selling applicant who desires the financial transaction or a user terminal of the selling agent selected as the selling applicant;
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売出数量と、(2) the desired sale quantity of the financial product;
（３）該金融商品における希望売出数値とを、(3) The desired sale value of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the selling order received by the first receiving means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末又は、前記買入希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該売出注文を対象に、(G) among the user terminals of the user for whom the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction or the purchase applicant. The user terminal of the operation agent who has been selected and determined to participate in the financial transaction, for the selling order,
（１）前記金融商品における希望買入数量と、(1) the desired purchase quantity of the financial product;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｈ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第３記憶手段と、(H) third storage means for storing the purchase order received by the second reception means in the financial product database;
（ｉ）前記第２記憶手段によって格納した前記売出注文と前記第３記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the selling order stored by the second storage means with the purchase order stored by the third storage means on the financial product database as a matching target;
（１）売出希望者Ｘ又は売出代行者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) Let xa be the desired sale quantity and XA be the desired sale numerical value in the financial product A designated by the user terminal of the selling applicant X or the selling agent X, and set the selling order transmitted by the user terminal to the selling order x. age,
（２）買入希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、(2) The purchase order of the financial instrument A designated by the user terminal of the purchase applicant Y or the agent Y is designated by ya, the desired purchase value is designated by YA, and the purchase order transmitted by the user terminal is indicated by YA. Is the purchase order y,
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) when the matching means determines that the equation XA = YA is satisfied, establishes the financial transaction between the selling order x and the purchase order y, and executes the xa according to the amount of the financial transaction that has been established. First updating means for updating the and ya on the financial product database, respectively;
（ｋ）売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、買入希望者Ｙ又は運用代行者Ｙの利用者端末が売出希望者Ｘ又は売出代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(K) If the financial transaction is not established between the user terminal of the sales applicant X or the sales agent X and the user terminal of the purchase applicant Y or the operation agent Y, the purchase applicant The user terminal of the agent Y or the agent Y receives the bilateral transaction request related to the bilateral transaction of the financial product A transmitted by specifying the applicant X or the agent X via the communication network or the radio wave. Third receiving means;
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙ又は運用代行者Ｙの識別子を付与して売出希望者Ｘ又は売出代行者Ｘの利用者端末へ送信する送信手段と、(L) The relative transaction request received by the third receiving means is transmitted to the purchase applicant Y or the purchase applicant Y via any one or more of the broadcast networks via the communication line network and the broadcast server. Transmitting means for assigning the identifier of the operation agent Y and transmitting it to the user wishing to sell X or the user terminal of the agent X,
（ｍ）該相対取引要求を受信した売出希望者Ｘ又は売出代行者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売出希望者Ｘ又は売出代行者Ｘの利用者端末と買入希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記相対取引が成立した場合に、(M) As a result of the user terminal of the sales applicant X or the sales agent X having received the bilateral transaction request communicating with the purchase applicant Y or the user terminal of the operation agent Y based on the identifier, the sales are performed. When the bilateral transaction is established between the user terminal of the applicant X or the selling agent X and the user terminal of the purchase applicant Y or the operation agent Y,
売出希望者Ｘもしくは売出代行者Ｘの利用者端末又は買入希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、The establishment information of the bilateral transaction notified from the user terminal of the sales applicant X or the sales agent X or the user terminal of the purchase applicant Y or the operation agent Y is transmitted via the communication network or the radio wave. A second receiving means for receiving,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売出希望者にとっての前記合同売出であり、且つ、前記複数の買入希望者にとっての前記合同買入であり、(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the joint financial transaction is a desired numerical value of at least one of a price, a discount rate, a yield, and an additional yield;
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）１以上の売出希望者との合同売出αを希望する売出希望者を売出希望者Ａ、該１以上の売出希望者を売出希望者Ｂとし、(A) A sale applicant who desires joint sale α with one or more sale applicants is a sale applicant A, and the one or more sale applicants are a sale applicant B,
１以上の買入希望者との合同買入βを希望する買入希望者を買入希望者Ｃ、該１以上の買入希望者を買入希望者Ｄとし、A purchase applicant who desires joint purchase β with one or more purchase applicants is a purchase applicant C, and the one or more purchase applicants are a purchase applicant D,
１以上の買入希望者との合同買入γを希望する買入希望者を買入希望者Ｅ、該１以上の買入希望者を買入希望者Ｆとする場合に、When the purchase applicant who desires joint purchase γ with one or more purchase applicants is the purchase applicant E and the one or more purchase applicants is the purchase applicant F,
（１）売出希望者Ａの利用者端末が送信した合同売出αの提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) accepting, via the communication network or the radio wave, an alliance request relating to the alliance of joint sales α transmitted by the user terminal of the sales applicant A;
（２）買入希望者Ｃの利用者端末が送信した合同買入βの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付け、(2) receiving, via the communication line or the radio wave, an alliance request related to the alliance of joint purchase β transmitted by the user terminal of the purchase applicant C;
（３）買入希望者Ｅの利用者端末が送信した合同買入γの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(3) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase γ transmitted by the user terminal of the purchase applicant E;
（ｂ）（１）前記第１受付手段によって受け付けた合同売出αに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売出希望者Ｂの利用者端末へ売出希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale α received by the first reception unit is transmitted via any one or more of the communication network and the broadcast network via the broadcast server. , Assigning the identifier of the selling applicant A to the user terminal of the selling applicant B and transmitting it,
（２）前記第１受付手段によって受け付けた合同買入βに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｄの利用者端末へ買入希望者Ｃの識別子を付与して送信し、(2) The cooperation request related to the joint purchase β received by the first receiving unit is purchased through at least one of the communication network and the broadcast network via the broadcast server. The buyer terminal C is provided with the identifier of the purchase applicant C and transmitted to the user terminal of the entrance applicant D,
（３）前記第１受付手段によって受け付けた合同買入γに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｆの利用者端末へ買入希望者Ｅの識別子を付与して送信する第１送信手段と、(3) The cooperation request related to the joint purchase γ received by the first receiving unit is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmission means for providing an identifier of the purchaser E to the user terminal of the applicant F and transmitting the identifier;
（ｃ）（１）合同売出αに係る該提携依頼を受信した売出希望者Ｂの利用者端末が、前記識別子を基に売出希望者Ａの利用者端末と通信した結果、売出希望者Ｂの利用者端末と売出希望者Ａの利用者端末との間で前記提携が成立した場合に、売出希望者Ｂの利用者端末又は売出希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of the user terminal of the sales applicant B having received the cooperation request relating to the joint sales α communicating with the user terminal of the sales applicant A based on the identifier, the sales applicant B When the alliance is established between the user terminal and the user terminal of the sales applicant A, the establishment information of the alliance notified from the user terminal of the sales applicant B or the user terminal of the sales applicant A Is received via the communication network or the radio wave,
（２）合同買入βに係る該提携依頼を受信した買入希望者Ｄの利用者端末が、前記識別子を基に買入希望者Ｃの利用者端末と通信した結果、買入希望者Ｄの利用者端末と買入希望者Ｃの利用者端末との間で前記提携が成立した場合に、買入希望者Ｄの利用者端末又は買入希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信し、(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase β communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the above-mentioned alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. Receiving the alliance establishment information via the communication line or the radio wave,
（３）合同買入γに係る該提携依頼を受信した買入希望者Ｆの利用者端末が、前記識別子を基に買入希望者Ｅの利用者端末と通信した結果、買入希望者Ｆの利用者端末と買入希望者Ｅの利用者端末との間で前記提携が成立した場合に、買入希望者Ｆの利用者端末又は買入希望者Ｅの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(3) As a result of the user terminal of the purchaser F having received the cooperation request regarding the joint purchase γ communicating with the user terminal of the purchaser E based on the identifier, the purchaser F When the above-mentioned alliance is established between the user terminal of the purchase applicant E and the user terminal of the purchase applicant E, the user terminal of the purchase applicant F or the user terminal of the purchase applicant E is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売出希望者Ａの利用者端末と売出希望者Ｂの利用者端末との間の前記通信の結果、合同売出αにおける代表として選出された売出希望者を代表売出希望者Ｘとし、(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling α is defined as a representative selling applicant X,
買入希望者Ｃの利用者端末と買入希望者Ｄの利用者端末との間の前記通信の結果、合同買入βにおける代表として選出された買入希望者を代表買入希望者Ｙとし、As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as a representative in the joint purchase β is defined as a representative purchase applicant Y. ,
買入希望者Ｅの利用者端末と買入希望者Ｆの利用者端末との間の前記通信の結果、合同買入γにおける代表として選出された買入希望者を代表買入希望者Ｚとする場合に、As a result of the communication between the user terminal of the purchase applicant E and the user terminal of the purchase applicant F, the purchase applicant selected as the representative in the joint purchase γ is represented by the representative purchase applicant Z. If you do
前記合同金融取引を希望する代表売出希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品による合同売出αにおける総希望売出数量と、(2) the total desired selling quantity in the joint selling α by the financial product;
（３）該金融商品における希望売出数値レンジとを、(3) The desired sale numerical value range of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting the selling order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the selling order received by the second reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｙの利用者端末が、該売出注文を対象に、(G) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Y who has decided to participate in the joint financial transaction is provided with the selling order. To target,
（１）前記金融商品による合同買入βにおける総希望買入数量と、(1) The total desired purchase quantity in the joint purchase β by the financial products,
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付け、Receiving a purchase order transmitted by specifying the order content including, via the communication network or the radio wave,
前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｚの利用者端末が、該売出注文を対象に、Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Z who has decided to participate in the joint financial transaction, targeting the selling order,
（１）前記金融商品による合同買入γにおける総希望買入数量と、(1) the total desired purchase quantity in the joint purchase γ by the financial product;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、Third accepting means for accepting a purchase order transmitted by designating order contents including the order via the communication network or the radio wave;
（ｈ）前記第３受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(H) second storage means for storing the purchase order received by the third reception means in the financial product database;
（ｉ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望売出数量をｘａとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) Let xa be the total desired sales quantity of the financial product A designated by the user terminal of the representative selling applicant X, and let the selling order transmitted by the user terminal be the selling order x;
（２）代表買入希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとし、(2) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Y is designated as ya, the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal is purchased. Order y
（３）代表買入希望者Ｚの利用者端末が指定した金融商品Ａにおける総希望買入数量をｚａ、希望買入数値をＺＡとし、該利用者端末が送信した前記買入注文を買入注文ｚとし、(3) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Z is za, the desired purchase value is ZA, and the purchase order transmitted by the user terminal is purchased. Order z,
（４）該ＹＡ及び該ＺＡが、代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける希望売出数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired selling numerical value range of the financial product A designated by the user terminal of the representative selling applicant X,
売出注文ｘと買入注文ｙと買入注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが代表売出希望者Ｘ寄りであるかを判別するマッチング手段と、A matching means for determining which of the YA and the ZA is closer to the representative selling applicant X among the selling order x, the buying order y, and the buying order z;
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより代表売出希望者Ｘ寄りであると判別した場合に、売出注文ｘと買入注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) When the matching means determines that the YA is closer to the representative selling applicant X than the ZA, the joint financial transaction is established between the selling order x and the buying order y and is established. First updating means for respectively updating the xa and the ya on the financial instrument database according to the number of the joint financial transactions;
（ｋ）代表売出希望者Ｘの利用者端末と代表買入希望者Ｚの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表買入希望者Ｚの利用者端末が代表売出希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、(K) When the joint financial transaction is not established between the user terminal of the representative sale applicant X and the user terminal of the representative purchase applicant Z, the user terminal of the representative purchase applicant Z Fourth accepting means for accepting, via the communication line network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the representative selling applicant X;
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表買入希望者Ｚの識別子を付与して代表売出希望者Ｘの利用者端末へ送信する第２送信手段と、(L) a request for a representative purchase request for the joint relative transaction request received by the fourth receiving means, via at least one of the communication network and the broadcast network via the broadcast server; A second transmitting means for giving the identifier of Z and transmitting to the user terminal of the representative selling applicant X;
（ｍ）該合同相対取引要求を受信した代表売出希望者Ｘの利用者端末が、前記識別子を基に代表買入希望者Ｚの利用者端末と通信した結果、代表売出希望者Ｘの利用者端末と代表買入希望者Ｚの利用者端末との間で前記合同相対取引が成立した場合に、(M) As a result of the user terminal of the representative selling applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative buying applicant Z based on the identifier, the user of the representative selling applicant X is obtained. When the joint bilateral transaction is established between the terminal and the user terminal of the representative purchase applicant Z,
代表売出希望者Ｘの利用者端末又は代表買入希望者Ｚの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Second receiving means for receiving, via the communication network or the radio wave, information on the establishment of the joint bilateral transaction notified from the user terminal of the representative sale applicant X or the user terminal of the representative purchase applicant Z, To
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売出希望者にとっての前記合同売出であり、且つ、前記複数の買入希望者にとっての前記合同買入であり、(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the joint financial transaction is a desired numerical value of at least one of a price, a discount rate, a yield, and an additional yield;
（ｉｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(Ix) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）１以上の売出希望者との前記合同売出を希望する売出希望者を売出希望者Ａ、該１以上の売出希望者を売出希望者Ｂとし、(A) A sales applicant who wishes the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
１以上の買入希望者との前記合同買入を希望する買入希望者を買入希望者Ｃ、該１以上の買入希望者を買入希望者Ｄとする場合に、When the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
（１）売出希望者Ａの利用者端末が送信した該合同売出の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
（２）買入希望者Ｃの利用者端末が送信した該合同買入の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同売出に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売出希望者Ｂの利用者端末へ売出希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale accepted by the first accepting means is transmitted via at least one of the communication network and the broadcasting network via the broadcasting server. , Assigning the identifier of the selling applicant A to the user terminal of the selling applicant B and transmitting it,
（２）前記第１受付手段によって受け付けた該合同買入に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｄの利用者端末へ買入希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The cooperation request related to the joint purchase received by the first receiving unit is purchased through at least one of the communication network and the broadcast network via the broadcast server. First transmitting means for transmitting the user terminal of the purchase applicant D with the identifier of the purchase applicant C attached thereto;
（ｃ）（１）該合同売出に係る該提携依頼を受信した売出希望者Ｂの利用者端末が、前記識別子を基に売出希望者Ａの利用者端末と通信した結果、売出希望者Ｂの利用者端末と売出希望者Ａの利用者端末との間で前記提携が成立した場合に、売出希望者Ｂの利用者端末又は売出希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of the user terminal of the sales applicant B having received the cooperation request related to the joint sales communicating with the user terminal of the sales applicant A based on the identifier, the sales applicant B When the alliance is established between the user terminal and the user terminal of the sales applicant A, the establishment information of the alliance notified from the user terminal of the sales applicant B or the user terminal of the sales applicant A Is received via the communication network or the radio wave,
（２）該合同買入に係る該提携依頼を受信した買入希望者Ｄの利用者端末が、前記識別子を基に買入希望者Ｃの利用者端末と通信した結果、買入希望者Ｄの利用者端末と買入希望者Ｃの利用者端末との間で前記提携が成立した場合に、買入希望者Ｄの利用者端末又は買入希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売出希望者Ａの利用者端末と売出希望者Ｂの利用者端末との間の前記通信の結果、該合同売出における代表として選出された売出希望者を代表売出希望者Ｘとし、(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is defined as a representative selling applicant X,
買入希望者Ｃの利用者端末と買入希望者Ｄの利用者端末との間の前記通信の結果、該合同買入における代表として選出された買入希望者を代表買入希望者Ｙとする場合に、As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
前記合同金融取引を希望する代表売出希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品による前記合同売出における総希望売出数量と、(2) a total desired sale quantity in the joint sale by the financial product;
（３）該金融商品における希望売出数値とを、(3) The desired sale value of the financial product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting the selling order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the selling order received by the second reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(F) Disclose the selling order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｇ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表買入希望者Ｙの利用者端末が、該売出注文を対象に、(G) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the representative purchase applicant Y who has decided to participate in the joint financial transaction is provided with the selling order. To target,
（１）前記金融商品による前記合同買入における総希望買入数量と、(1) the total desired purchase quantity in the joint purchase by the financial instrument;
（２）該金融商品における希望買入数値とを、(2) The desired purchase value of the financial product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、Third accepting means for accepting a purchase order transmitted by designating order contents including the order via the communication network or the radio wave;
（ｈ）前記第３受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(H) second storage means for storing the purchase order received by the third reception means in the financial product database;
（ｉ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）代表売出希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) The total desired sale quantity of the financial product A designated by the user terminal of the representative selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is a selling order x,
（２）代表買入希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、(2) The total purchase quantity of the financial product A designated by the user terminal of the representative purchase applicant Y is designated as ya, the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal is purchased. If order y
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) when it is determined by the matching means that the equation XA = YA is satisfied, the joint financial transaction is established between the selling order x and the purchase order y, and the joint financial transaction is performed according to the number of the established joint financial transactions. First updating means for respectively updating the xa and the ya on the financial product database;
（ｋ）代表売出希望者Ｘの利用者端末と代表買入希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表買入希望者Ｙの利用者端末が代表売出希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、(K) If the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y, the user terminal of the representative buyer Y is Fourth accepting means for accepting, via the communication line network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the representative selling applicant X;
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表買入希望者Ｙの識別子を付与して代表売出希望者Ｘの利用者端末へ送信する第２送信手段と、(L) a request for a representative purchase request for the joint relative transaction request received by the fourth receiving means, via at least one of the communication network and the broadcast network via the broadcast server; A second transmitting means for giving an identifier of Y and transmitting to the user terminal of the representative sale applicant X;
（ｍ）該合同相対取引要求を受信した代表売出希望者Ｘの利用者端末が、前記識別子を基に代表買入希望者Ｙの利用者端末と通信した結果、代表売出希望者Ｘの利用者端末と代表買入希望者Ｙの利用者端末との間で前記合同相対取引が成立した場合に、(M) As a result of the user terminal of the representative seller X having received the joint bilateral transaction request communicating with the user terminal of the representative buyer Y based on the identifier, the user of the representative seller X is obtained. When the joint bilateral transaction is established between the terminal and the user terminal of the representative purchase applicant Y,
代表売出希望者Ｘの利用者端末又は代表買入希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Second receiving means for receiving, via the communication network or the radio wave, information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant X or the user terminal of the representative buying applicant Y, To
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、(A) the user terminal of the seller who wants the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売付数量と、(2) the desired sales quantity of the financial product;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買付数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
（１）売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the sales applicant X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
（２）買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial product designated by the user terminal of the purchase applicant Y is financial product B, the desired purchase quantity in the financial product B is yb, the desired purchase value in the financial product B is YB, and the user terminal is When the transmitted purchase order is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the selling order x and the buying order y, and the financial transaction is executed in accordance with the quantity of the established financial transaction. xa and the yb are respectively updated on the financial product database,
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、If the matching means determines that the equation XA = YB is not established, the financial transaction is established at an intermediate value between the XA and the YB between the selling order x and the buying order y, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(E) If the financial transaction is not established between the user terminal of the seller X and the user terminal of the buyer Y,
（１）売付希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
（２）買付希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the financial product A is established between the customer terminal and the user terminal of the sales applicant X,
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the financial product B is established with the user terminal of the purchase applicant Y,
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the financial product A is established between the user terminal of the sales applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sales applicant V. The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、金融商品Ａ又は金融商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、The above-mentioned financing that holds the financial product A or the financial product B, with the purchaser Y having the financial transaction or the bilateral transaction established as the purchaser Y and the purchaser W as the purchaser W. Is the financing provider Z,
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＦＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event occurs in which the right FR is exercised for Buyer Y or Buyer W or Funder Z, and a user terminal of Buyer Y or Buyer W or a user terminal of Funder Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＦＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the obligatory FO is fulfilled for Buyer Y or Buyer W or Fundraiser Z, and a user terminal of Buyer Y or Buyer W or a user terminal of Fundraiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、(Vii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、(A) the user terminal of the seller who wants the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売付数量と、(2) the desired sales quantity of the financial product;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買付数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
（１）売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the sales applicant X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
（２）買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial product designated by the user terminal of the purchase applicant Y is financial product B, the desired purchase quantity in the financial product B is yb, the desired purchase value in the financial product B is YB, and the user terminal is When the transmitted purchase order is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the selling order x and the buying order y, and the financial transaction is performed in accordance with the quantity of the established financial transaction. first updating means for respectively updating xa and yb on the financial product database;
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(E) If the financial transaction is not established between the user terminal of the seller X and the user terminal of the buyer Y,
（１）売付希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
（２）買付希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the financial product A is established between the customer terminal and the user terminal of the sales applicant X,
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the financial product B is established with the user terminal of the purchase applicant Y,
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the financial product A is established between the user terminal of the sales applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sales applicant V. The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、金融商品Ａ又は金融商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、The above-mentioned financing that holds the financial product A or the financial product B, with the purchaser Y having the financial transaction or the bilateral transaction established as the purchaser Y and the purchaser W as the purchaser W. Is the financing provider Z,
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＦＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event occurs in which the right FR is exercised for Buyer Y or Buyer W or Funder Z, and a user terminal of Buyer Y or Buyer W or a user terminal of Funder Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＦＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the obligatory FO is fulfilled for Buyer Y or Buyer W or Fundraiser Z, and a user terminal of Buyer Y or Buyer W or a user terminal of Fundraiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、又は、前記運用代行者による該売付希望者のための該売付であり、(Viii) the financial transaction is the sale to the seller, or the sale by the agent for the seller;
（ｉｘ）該金融取引は、前記買付希望者にとっての前記買付であり、又は、前記運用代行者による該買付希望者のための該買付であり、(Ix) the financial transaction is the purchase for the purchase applicant or the purchase by the investment agent for the purchase applicant;
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｘｉ）該希望数値は、該売付希望者又は該売付希望者の該運用代行者にとっての希望売付数値であり、且つ、該買付希望者又は該買付希望者の該運用代行者にとっての希望買付数値であり、(Xi) The desired numerical value is a desired selling numerical value for the selling applicant or the selling agent for the investment agent, and is the operating agent of the purchase applicant or the purchasing agent. Purchase price for the buyer,
（ａ）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(B) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売付希望者又は前記買付希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(C) a user of the specified or unspecified seller or the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material relating to the operation agent to the terminal;
（ｄ）前記金融取引を希望する前記売付希望者の利用者端末又は、前記売付希望者に選定された前記運用代行者の利用者端末が、(D) a user terminal of the selling applicant who desires the financial transaction, or a user terminal of the operation agent selected as the selling applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売付数量と、(2) the desired sales quantity of the financial product;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末又は、前記買付希望者に選定された前記運用代行者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction, or a user terminal of the operation agent selected as the purchase applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買付数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｆ）前記第２記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order and the buying order stored by the second storage means on the financial product database as matching targets,
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the seller X or the agent X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial instrument designated by the user terminal of the purchase applicant Y or the investment agent Y is financial instrument B, the desired purchase quantity of the financial instrument B is yb, the desired purchase value of the financial instrument B is YB, When the purchase order transmitted by the user terminal is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(G) when the matching means determines that the equation XA = YB is satisfied, establishes the financial transaction between the selling order x and the buying order y, and sets the financial transaction according to the amount of the financial transaction that has been established. xa and the yb are respectively updated on the financial product database,
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、If the matching means determines that the equation XA = YB is not established, the financial transaction is established at an intermediate value between the XA and the YB between the selling order x and the buying order y, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
（ｈ）売付希望者Ｘ又は運用代行者Ｘの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(H) When the financial transaction is not established between the user terminal of the seller X or the agent X and the user terminal of the buyer Y or the agent Y,
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A bilateral transaction request α relating to a bilateral transaction of the financial product A transmitted by the user terminal of the seller X or the agent X is received via the communication network or the radio wave, or
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β relating to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y or the agent Y. ,
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗ又は運用代行者Ｗの利用者端末へ売付希望者Ｘ又は運用代行者Ｘの識別子を付与して送信し、又は、(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or the operation agent W who wishes to purchase the information, with the identifier of the sales applicant X or the operation agent X attached thereto and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖ又は運用代行者Ｖの利用者端末へ買付希望者Ｙ又は運用代行者Ｙの識別子を付与して送信する送信手段と、(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning an identifier of the purchase applicant Y or the operation agent Y to the user terminal of one or more sales applicants V or the operation agent V who desires
（ｊ）（１）相対取引要求αを受信した買付希望者Ｗ又は運用代行者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘ又は運用代行者Ｘの利用者端末と通信した結果、買付希望者Ｗ又は運用代行者Ｗの利用者端末と売付希望者Ｘ又は運用代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(J) (1) The user terminal of the purchase applicant W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the purchase applicant W or the agent W and the user terminal of the seller X or the agent X,
買付希望者Ｗもしくは運用代行者Ｗの利用者端末又は売付希望者Ｘもしくは運用代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the agent agent W or the user terminal of the seller X or the agent agent X is transmitted via the communication network or the radio wave. Received or
（２）相対取引要求βを受信した売付希望者Ｖ又は運用代行者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売付希望者Ｖ又は運用代行者Ｖの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the sales applicant V or the agent V and the user terminal of the buyer Y or the agent Y,
売付希望者Ｖもしくは運用代行者Ｖの利用者端末又は買付希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、又は、前記運用代行者による該売付希望者のための該売付であり、(Viii) the financial transaction is the sale to the seller, or the sale by the agent for the seller;
（ｉｘ）該金融取引は、前記買付希望者にとっての前記買付であり、又は、前記運用代行者による該買付希望者のための該買付であり、(Ix) the financial transaction is the purchase for the purchase applicant or the purchase by the investment agent for the purchase applicant;
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｘｉ）該希望数値は、該売付希望者又は該売付希望者の該運用代行者にとっての希望売付数値であり、且つ、該買付希望者又は該買付希望者の該運用代行者にとっての希望買付数値であり、(Xi) The desired numerical value is a desired selling numerical value for the selling applicant or the selling agent for the investment agent, and is the operating agent of the purchase applicant or the purchasing agent. Purchase price for the buyer,
（ａ）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(A) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(B) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売付希望者又は前記買付希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(C) a user of the specified or unspecified seller or the purchaser via any one or more of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material relating to the operation agent to the terminal;
（ｄ）前記金融取引を希望する前記売付希望者の利用者端末又は、前記売付希望者に選定された前記運用代行者の利用者端末が、(D) a user terminal of the selling applicant who desires the financial transaction, or a user terminal of the operation agent selected as the selling applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売付数量と、(2) the desired sales quantity of the financial product;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末又は、前記買付希望者に選定された前記運用代行者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction, or a user terminal of the operation agent selected as the purchase applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買付数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｆ）前記第２記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order and the buying order stored by the second storage means on the financial product database as matching targets,
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the seller X or the agent X is financial product A, the desired sales quantity in the financial product A is xa, the desired sales value in the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial instrument designated by the user terminal of the purchase applicant Y or the investment agent Y is financial instrument B, the desired purchase quantity of the financial instrument B is yb, the desired purchase value of the financial instrument B is YB, When the purchase order transmitted by the user terminal is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YB holds, the financial transaction is made between the selling order x and the buying order y, and the financial transaction is made in accordance with the quantity of the completed financial transaction. first updating means for updating xa and yb on the financial product database, respectively;
（ｈ）売付希望者Ｘ又は運用代行者Ｘの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(H) When the financial transaction is not established between the user terminal of the seller X or the agent X and the user terminal of the buyer Y or the agent Y,
（１）売付希望者Ｘ又は運用代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A bilateral transaction request α relating to a bilateral transaction of the financial product A transmitted by the user terminal of the seller X or the agent X is received via the communication network or the radio wave, or
（２）買付希望者Ｙ又は運用代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β relating to a bilateral transaction of the financial product B transmitted by the user terminal of the purchase applicant Y or the agent Y. ,
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買付を希望する１以上の買付希望者Ｗ又は運用代行者Ｗの利用者端末へ売付希望者Ｘ又は運用代行者Ｘの識別子を付与して送信し、又は、(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or the operation agent W who wishes to purchase the information, with the identifier of the sales applicant X or the operation agent X attached thereto and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売付を希望する１以上の売付希望者Ｖ又は運用代行者Ｖの利用者端末へ買付希望者Ｙ又は運用代行者Ｙの識別子を付与して送信する送信手段と、(2) selling the bilateral transaction request β received by the second receiving means via one or more of the communication network and the broadcast network via the broadcast server to sell the financial product B; Transmitting means for assigning an identifier of the purchase applicant Y or the operation agent Y to the user terminal of one or more sales applicants V or the operation agent V who desires
（ｊ）（１）相対取引要求αを受信した買付希望者Ｗ又は運用代行者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘ又は運用代行者Ｘの利用者端末と通信した結果、買付希望者Ｗ又は運用代行者Ｗの利用者端末と売付希望者Ｘ又は運用代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(J) (1) The user terminal of the purchase applicant W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the purchase applicant W or the agent W and the user terminal of the seller X or the agent X,
買付希望者Ｗもしくは運用代行者Ｗの利用者端末又は売付希望者Ｘもしくは運用代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the agent agent W or the user terminal of the seller X or the agent agent X is transmitted via the communication network or the radio wave. Received or
（２）相対取引要求βを受信した売付希望者Ｖ又は運用代行者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、売付希望者Ｖ又は運用代行者Ｖの利用者端末と買付希望者Ｙ又は運用代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the sales applicant V or the agent V and the user terminal of the buyer Y or the agent Y,
売付希望者Ｖもしくは運用代行者Ｖの利用者端末又は買付希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Information on the establishment of the bilateral transaction notified from the user terminal of the sales applicant V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売付希望者にとっての前記合同売付であり、且つ、前記複数の買付希望者にとっての前記合同買付であり、(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
（ａ）１以上の売付希望者との前記合同売付を希望する売付希望者を売付希望者Ａ、該１以上の売付希望者を売付希望者Ｂとし、(A) A sales applicant who desires the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
１以上の買付希望者との前記合同買付を希望する買付希望者を買付希望者Ｃ、該１以上の買付希望者を買付希望者Ｄとする場合に、In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is the purchase applicant C, and the one or more purchase applicants are the purchase applicant D,
（１）売付希望者Ａの利用者端末が送信した該合同売付の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) accepting, via the communication network or the radio wave, an alliance request related to the joint sales alliance transmitted by the user terminal of the sales applicant A;
（２）買付希望者Ｃの利用者端末が送信した該合同買付の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同売付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売付希望者Ｂの利用者端末へ売付希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the sales applicant B with the identifier of the sales applicant A,
（２）前記第１受付手段によって受け付けた該合同買付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買付希望者Ｄの利用者端末へ買付希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The alliance request relating to the joint purchase received by the first receiving means is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmitting means for providing the user terminal of the purchase applicant D with the identifier of the purchase applicant C and transmitting the same;
（ｃ）（１）該合同売付に係る該提携依頼を受信した売付希望者Ｂの利用者端末が、前記識別子を基に売付希望者Ａの利用者端末と通信した結果、売付希望者Ｂの利用者端末と売付希望者Ａの利用者端末との間で前記提携が成立した場合に、売付希望者Ｂの利用者端末又は売付希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of communication between the user terminal of the sales applicant B and the user terminal of the sales applicant A based on the identifier, the sales terminal When the alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notification is sent from the user terminal of the applicant B or the user terminal of the applicant A. Received the establishment information of the alliance, via the communication network or the radio wave,
（２）該合同買付に係る該提携依頼を受信した買付希望者Ｄの利用者端末が、前記識別子を基に買付希望者Ｃの利用者端末と通信した結果、買付希望者Ｄの利用者端末と買付希望者Ｃの利用者端末との間で前記提携が成立した場合に、買付希望者Ｄの利用者端末又は買付希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売付希望者Ａの利用者端末と売付希望者Ｂの利用者端末との間の前記通信の結果、該合同売付における代表として選出された売付希望者を代表売付希望者Ｘとし、(D) As a result of the communication between the user terminal of the sales applicant A and the user terminal of the sales applicant B, the sales applicant selected as a representative in the joint sale is requested to be a representative seller. Person X
買付希望者Ｃの利用者端末と買付希望者Ｄの利用者端末との間の前記通信の結果、該合同買付における代表として選出された買付希望者を代表買付希望者Ｙとする場合に、As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
前記合同金融取引を希望する代表売付希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同売付における総希望売付数量と、(2) the total desired selling quantity of the financial product in the joint selling;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記合同金融取引を希望する代表買付希望者Ｙの利用者端末が、The user terminal of the representative purchase applicant Y who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同買付における総希望買付数量と、(2) the total desired purchase quantity of the financial instrument in the joint purchase;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting the purchase order transmitted by designating the order content including the order via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the selling order and the purchase order received by the second receiving means in the financial product database;
（ｆ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order and the buying order stored in the first storage means on the financial product database as matching targets,
（１）代表売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. Let the selling order sent by the terminal be a selling order x,
（２）代表買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial product designated by the user terminal of the representative purchase applicant Y is financial product B, the total desired purchase quantity of the financial product B is yb, and the desired purchase numerical value of the financial product B is YB. When the purchase order transmitted by the terminal is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the selling order x and the buying order y, and sets the quantity of the established joint financial transaction. Update the xa and the yb on the financial product database in accordance with
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売付注文ｘと買付注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、When the matching means determines that the equation XA = YB is not established, the joint financial transaction is established between the selling order x and the buying order y at an intermediate value between the XA and the YB, First updating means for respectively updating the xa and the yb on the financial instrument database in accordance with the number of the established joint financial transactions;
（ｈ）代表売付希望者Ｘの利用者端末と代表買付希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、(H) When the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y,
（１）代表売付希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A joint relative transaction request α related to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
（２）代表買付希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(2) third receiving means for receiving, via the communication network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial product B transmitted by the user terminal of the representative purchase applicant Y,
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買付を希望する１以上の代表買付希望者Ｗの利用者端末へ代表売付希望者Ｘの識別子を付与して送信し、又は、(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Assigning the identifier of the representative selling applicant X to the user terminal of one or more representative buying applicants W who wish to jointly purchase A and transmitting the user terminal, or
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売付を希望する１以上の代表売付希望者Ｖの利用者端末へ代表買付希望者Ｙの識別子を付与して送信する第２送信手段と、(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for assigning and transmitting the identifier of the representative purchase applicant Y to the user terminal of one or more representative sale applicants V who want to sell;
（ｊ）（１）合同相対取引要求αを受信した代表買付希望者Ｗの利用者端末が、前記識別子を基に代表売付希望者Ｘの利用者端末と通信した結果、代表買付希望者Ｗの利用者端末と代表売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、(J) (1) As a result of the user terminal of the representative purchase applicant W having received the joint relative transaction request α communicating with the user terminal of the representative seller X based on the identifier, a request for the representative purchase is obtained. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
代表買付希望者Ｗの利用者端末又は代表売付希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative purchase applicant W or the user terminal of the representative sale applicant X via the communication network or the radio wave, or
（２）合同相対取引要求βを受信した代表売付希望者Ｖの利用者端末が、前記識別子を基に代表買付希望者Ｙの利用者端末と通信した結果、代表売付希望者Ｖの利用者端末と代表買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、(2) The user terminal of the representative seller V who has received the joint bilateral transaction request β communicates with the user terminal of the representative buyer Y based on the identifier. When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative purchase applicant Y,
代表売付希望者Ｖの利用者端末又は代表買付希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、A second receiving means for receiving, through the communication network or the radio wave, the information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant V or the user terminal of the representative buying applicant Y; And
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売付希望者にとっての前記合同売付であり、且つ、前記複数の買付希望者にとっての前記合同買付であり、(Vii) the joint financial transaction is the joint sale for the plurality of sellers and the joint purchase for the plurality of buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(Ix) The desired numerical value is a desired selling numerical value for the selling applicant, and a desired purchasing numerical value for the buying applicant.
（ａ）１以上の売付希望者との前記合同売付を希望する売付希望者を売付希望者Ａ、該１以上の売付希望者を売付希望者Ｂとし、(A) A sales applicant who desires the joint sale with one or more sales applicants is a sales applicant A, and the one or more sales applicants are a sales applicant B,
１以上の買付希望者との前記合同買付を希望する買付希望者を買付希望者Ｃ、該１以上の買付希望者を買付希望者Ｄとする場合に、In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is the purchase applicant C, and the one or more purchase applicants are the purchase applicant D,
（１）売付希望者Ａの利用者端末が送信した該合同売付の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) accepting, via the communication network or the radio wave, an alliance request related to the joint sales alliance transmitted by the user terminal of the sales applicant A;
（２）買付希望者Ｃの利用者端末が送信した該合同買付の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchase alliance transmitted by the user terminal of the purchase applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同売付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売付希望者Ｂの利用者端末へ売付希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the sales applicant B with the identifier of the sales applicant A,
（２）前記第１受付手段によって受け付けた該合同買付に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買付希望者Ｄの利用者端末へ買付希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The alliance request relating to the joint purchase received by the first receiving means is purchased through at least one of the communication network and the broadcasting network via the broadcasting server. First transmitting means for providing the user terminal of the purchase applicant D with the identifier of the purchase applicant C and transmitting the same;
（ｃ）（１）該合同売付に係る該提携依頼を受信した売付希望者Ｂの利用者端末が、前記識別子を基に売付希望者Ａの利用者端末と通信した結果、売付希望者Ｂの利用者端末と売付希望者Ａの利用者端末との間で前記提携が成立した場合に、売付希望者Ｂの利用者端末又は売付希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of communication between the user terminal of the sales applicant B and the user terminal of the sales applicant A based on the identifier, the sales terminal When the alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notification is sent from the user terminal of the applicant B or the user terminal of the applicant A. Received the establishment information of the alliance, via the communication network or the radio wave,
（２）該合同買付に係る該提携依頼を受信した買付希望者Ｄの利用者端末が、前記識別子を基に買付希望者Ｃの利用者端末と通信した結果、買付希望者Ｄの利用者端末と買付希望者Ｃの利用者端末との間で前記提携が成立した場合に、買付希望者Ｄの利用者端末又は買付希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the purchase applicant D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchase applicant C based on the identifier, the purchase applicant D When the alliance is established between the user terminal of the purchase applicant C and the user terminal of the purchase applicant C, the user terminal of the purchase applicant D or the user terminal of the purchase applicant C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売付希望者Ａの利用者端末と売付希望者Ｂの利用者端末との間の前記通信の結果、該合同売付における代表として選出された売付希望者を代表売付希望者Ｘとし、(D) As a result of the communication between the user terminal of the sales applicant A and the user terminal of the sales applicant B, the sales applicant selected as a representative in the joint sale is requested to be a representative seller. Person X
買付希望者Ｃの利用者端末と買付希望者Ｄの利用者端末との間の前記通信の結果、該合同買付における代表として選出された買付希望者を代表買付希望者Ｙとする場合に、As a result of the communication between the user terminal of the purchase applicant C and the user terminal of the purchase applicant D, the purchase applicant selected as the representative in the joint purchase is represented by the representative purchase applicant Y. If you do
前記合同金融取引を希望する代表売付希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同売付における総希望売付数量と、(2) the total desired selling quantity of the financial product in the joint selling;
（３）該金融商品における希望売付数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記合同金融取引を希望する代表買付希望者Ｙの利用者端末が、The user terminal of the representative purchase applicant Y who wants the joint financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同買付における総希望買付数量と、(2) the total desired purchase quantity of the financial instrument in the joint purchase;
（３）該金融商品における希望買付数値とを、(3) The desired purchase numerical value of the financial instrument is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting the purchase order transmitted by designating the order content including the order via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the selling order and the purchase order received by the second receiving means in the financial product database;
（ｆ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order and the buying order stored in the first storage means on the financial product database as matching targets,
（１）代表売付希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売付数量をｘａ、金融商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. Let the selling order sent by the terminal be a selling order x,
（２）代表買付希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買付数量をｙｂ、金融商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The financial product designated by the user terminal of the representative purchase applicant Y is financial product B, the total desired purchase quantity of the financial product B is yb, and the desired purchase numerical value of the financial product B is YB. When the purchase order transmitted by the terminal is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching unit that determines whether or not the equation XA = YB is established between the selling order x and the buying order y when the financial product A matches the financial product B;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the selling order x and the buying order y, and sets the quantity of the established joint financial transaction. First updating means for respectively updating the xa and the yb on the financial product database in accordance with
（ｈ）代表売付希望者Ｘの利用者端末と代表買付希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、(H) When the joint financial transaction is not established between the user terminal of the representative seller X and the user terminal of the representative buyer Y,
（１）代表売付希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A joint relative transaction request α related to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
（２）代表買付希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(2) third receiving means for receiving, via the communication network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial product B transmitted by the user terminal of the representative purchase applicant Y,
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買付を希望する１以上の代表買付希望者Ｗの利用者端末へ代表売付希望者Ｘの識別子を付与して送信し、又は、(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Assigning the identifier of the representative selling applicant X to the user terminal of one or more representative buying applicants W who wish to jointly purchase A and transmitting the user terminal, or
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売付を希望する１以上の代表売付希望者Ｖの利用者端末へ代表買付希望者Ｙの識別子を付与して送信する第２送信手段と、(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for assigning and transmitting the identifier of the representative purchase applicant Y to the user terminal of one or more representative sale applicants V who want to sell;
（ｊ）（１）合同相対取引要求αを受信した代表買付希望者Ｗの利用者端末が、前記識別子を基に代表売付希望者Ｘの利用者端末と通信した結果、代表買付希望者Ｗの利用者端末と代表売付希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、(J) (1) As a result of the user terminal of the representative purchase applicant W having received the joint relative transaction request α communicating with the user terminal of the representative seller X based on the identifier, a request for the representative purchase is obtained. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
代表買付希望者Ｗの利用者端末又は代表売付希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative purchase applicant W or the user terminal of the representative sale applicant X via the communication network or the radio wave, or
（２）合同相対取引要求βを受信した代表売付希望者Ｖの利用者端末が、前記識別子を基に代表買付希望者Ｙの利用者端末と通信した結果、代表売付希望者Ｖの利用者端末と代表買付希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、(2) The user terminal of the representative seller V who has received the joint bilateral transaction request β communicates with the user terminal of the representative buyer Y based on the identifier. When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative purchase applicant Y,
代表売付希望者Ｖの利用者端末又は代表買付希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、A second receiving means for receiving, through the communication network or the radio wave, the information on the establishment of the joint bilateral transaction notified from the user terminal of the representative selling applicant V or the user terminal of the representative buying applicant Y; And
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、(Vii) the financial transaction is the fund procurement for the procurement applicant, and the fund management for the operation applicant.
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is a desired value of at least one of price, discount rate, surcharge rate, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、(A) the user terminal of the procurement applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望調達数量と、(2) the desired procurement quantity of the financial product;
（３）該金融商品における希望調達数値レンジとを、(3) The desired procurement numerical range for the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the financing order received by the first reception means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(C) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
（１）前記金融商品における希望運用数量と、(1) desired operating quantity of the financial product;
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the money management order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) Let xa be the desired procurement quantity for the financial product A designated by the user terminal of the procurement applicant X, and let the funding order transmitted by the user terminal be the funding order x;
（２）運用希望者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、(2) The desired operation quantity of the financial product A designated by the user terminal of the operation applicant Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is designated as a fund management order y,
（３）運用希望者Ｚの利用者端末が指定した金融商品Ａにおける希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、(3) The desired operation quantity of the financial product A designated by the user terminal of the operation applicant Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is a fund operation order z.
（４）該ＹＡ及び該ＺＡが、調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A designated by the user terminal of the procurement applicant X,
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが調達希望者Ｘ寄りであるかを判別するマッチング手段と、Matching means for determining which of the YA and the ZA is closer to the procurement applicant X between the financing order x, the financing order y, and the financing order z;
（ｇ）前記マッチング手段によって、前記ＹＡが前記ＺＡより調達希望者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) When the matching means determines that the YA is closer to the procurement applicant X than the ZA, the financial transaction is established between the fund procurement order x and the fund management order y. First updating means for respectively updating the xa and the ya on the financial product database according to the number of financial transactions;
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｚの利用者端末が調達希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Z, the user terminal of the operation applicant Z specifies the procurement applicant X Third accepting means for accepting the bilateral transaction request related to the bilateral transaction of the financial product A transmitted through the communication network or the radio wave,
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｚの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request accepted by the third accepting unit to the identifier of the operation applicant Z via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｚの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で前記相対取引が成立した場合に、(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Z based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Z,
調達希望者Ｘの利用者端末又は運用希望者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Z via the communication network or the radio wave;
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引が成立し、又は、調達希望者Ｘの利用者端末と運用希望者Ｚの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、(K) The financial transaction relating to the financial product A is completed between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, or the user terminal of the procurement applicant X and the operation applicant Z, the bilateral transaction relating to the financial product A is established with the user terminal of Z,
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、運用希望者Ｚを資金運用者Ｚとし、The procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, the operation applicant Y is referred to as a fund manager Y, the operation applicant Z is referred to as a fund manager Z,
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
（１）資金調達者Ｘ又は資金運用者Ｙもしくは資金運用者Ｚに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙもしくは資金運用者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right AR to the fund raiser X, the fund manager Y, or the fund manager Z occurs, and the user terminal of the fund raiser X or the user terminal of the fund manager Y, or the fund manager Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）資金調達者Ｘ又は資金運用者Ｙもしくは資金運用者Ｚに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙもしくは資金運用者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the funder X or the fund manager Y or the fund manager Z fulfills the obligation AO, and the user terminal of the fund provider X or the user terminal of the fund manager Y or the fund manager Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、(Vii) the financial transaction is the fund procurement for the procurement applicant, and the fund management for the operation applicant.
（ｖｉｉｉ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is a desired value of at least one of price, discount rate, surcharge rate, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、(A) the user terminal of the procurement applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望調達数量と、(2) the desired procurement quantity of the financial product;
（３）該金融商品における希望調達数値とを、(3) The desired procurement value of the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the financing order received by the first reception means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(C) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
（１）前記金融商品における希望運用数量と、(1) desired operating quantity of the financial product;
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the money management order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) The desired procurement quantity of the financial product A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the financing order transmitted by the user terminal is financing order x,
（２）運用希望者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、(2) A case where the desired operation quantity of the financial product A designated by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund management order transmitted by the user terminal is a fund management order y. To
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the financing order x and the fund management order y, and the financial transaction is performed according to the amount of the established financial transaction. first updating means for respectively updating xa and ya on the financial product database;
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y specifies the procurement applicant X Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted as:
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で金融商品Ａに係る前記金融取引又は前記相対取引が成立し、(K) the financial transaction or the bilateral transaction relating to the financial product A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
金融商品Ａに付随する権利を権利ＡＲとし、金融商品Ａに付随する義務を義務ＡＯとする場合、When the rights attached to financial instrument A are rights AR and the obligations attached to financial instrument A are obligations AO,
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記調達代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the procurement agent and self-introduction materials related to the operation agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、又は、前記調達代行者による該調達希望者のための該資金調達であり、(Viii) the financial transaction is the financing for the procurement candidate or the financing by the procurement agent for the procurement candidate;
（ｉｘ）該金融取引は、前記運用希望者にとっての前記資金運用であり、又は、前記運用代行者による該運用希望者のための該資金運用であり、(Ix) the financial transaction is the fund management for the investment applicant or the fund management for the investment applicant by the investment agent;
（ｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any one or more of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｘｉ）該希望数値は、該調達希望者又は該調達代行者にとっての希望調達数値であり、且つ、該運用希望者又は該運用代行者にとっての希望運用数値であり、(Xi) the desired numerical value is a desired procurement numerical value for the procurement applicant or the procurement agent, and is a desired operation numerical value for the operation applicant or the operation proxy agent;
（ａ）（１）前記調達代行者の利用者端末が送信した該調達代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the procurement agent transmitted by a user terminal of the procurement agent,
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）（１）前記第１受信手段によって受信した該調達代行者に係る自己紹介資料を、前記配信資料データベースに格納し、(B) (1) storing the self-introduction material relating to the procurement agent received by the first receiving means in the distribution material database;
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記調達希望者の利用者端末へ該調達代行者に係る自己紹介資料を配信し、(C) (1) Procurement to a specified or unspecified user terminal of the procurement applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記運用希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(2) To the operation agent to the specified or unspecified user terminal of the operation applicant via any one or more of the communication network and the broadcasting network via the broadcasting server. A first distribution means for distributing such self-introduction material;
（ｄ）前記金融取引を希望する前記調達希望者の利用者端末又は、前記調達希望者に選定された前記調達代行者の利用者端末が、(D) a user terminal of the procurement applicant who desires the financial transaction or a user terminal of the procurement agent selected as the procurement applicant;
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望調達数量と、(2) the desired procurement quantity of the financial product;
（３）該金融商品における希望調達数値レンジとを、(3) The desired procurement numerical range for the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the financing order received by the first reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末又は、前記運用希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該資金調達注文を対象に、(G) Among the user terminals of the user for which the funding order has been disclosed by the disclosure means, selected as the user terminal of the operation applicant who has decided to participate in the financial transaction or the operation applicant. The user terminal of the agent acting and determined to participate in the financial transaction is targeted for the financing order,
（１）前記金融商品における希望運用数量と、(1) desired operating quantity of the financial product;
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｈ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第３記憶手段と、(H) third storage means for storing the money management order received by the second reception means in the financial product database;
（ｉ）前記第２記憶手段によって格納した前記資金調達注文と前記第３記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the financing order stored by the second storage means with the fund management order stored by the third storage means on the financial product database as a matching target;
（１）調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) Let xa be the desired procurement quantity of the financial product A designated by the user terminal of the procurement applicant X or the procurement agent X, and let the financing order transmitted by the user terminal be the financing order x;
（２）運用希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、(2) The desired operation quantity of the financial product A designated by the operation applicant Y or the user terminal of the operation agent Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is used for fund management. Order y
（３）運用希望者Ｚ又は運用代行者Ｚの利用者端末が指定した金融商品Ａにおける希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、(3) The desired operation quantity in the financial product A designated by the user terminal of the operation applicant Z or the operation agent Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is used for fund management. Order z,
（４）該ＹＡ及び該ＺＡが、調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A specified by the user terminal of the procurement applicant X or the procurement agent X,
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが調達希望者Ｘ又は調達代行者Ｘ寄りであるかを判別するマッチング手段と、Matching means for determining which of the YA and the ZA is closer to the procurement applicant X or the procurement agent X between the financing order x, the financing order y, and the financing order z;
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより調達希望者Ｘ又は調達代行者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) When the matching means determines that the YA is closer to the procurement applicant X or the procurement agent X than the ZA, the financial transaction is established between the fund procurement order x and the fund management order y. First updating means for updating the xa and the ya on the financial product database in accordance with the number of the completed financial transactions,
（ｋ）調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｚ又は運用代行者Ｚの利用者端末が調達希望者Ｘ又は調達代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(K) If the financial transaction is not established between the procurement applicant X or the user terminal of the procurement agent X and the operation applicant Z or the user terminal of the operation agent Z, the operation applicant Z or A third terminal for receiving, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted by the user terminal of the operation agent Z by specifying the procurement applicant X or the procurement agent X; Reception means,
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｚ又は運用代行者Ｚの識別子を付与して調達希望者Ｘ又は調達代行者Ｘの利用者端末へ送信する送信手段と、(L) The relative transaction request received by the third receiving unit is transmitted to the operation applicant Z or the operation requester via any one or more of the communication network and the broadcast network via the broadcast server. Transmitting means for assigning an identifier of the agent Z and transmitting to the user terminal of the procurement applicant X or the procurement agent X;
（ｍ）該相対取引要求を受信した調達希望者Ｘ又は調達代行者Ｘの利用者端末が、前記識別子を基に運用希望者Ｚ又は運用代行者Ｚの利用者端末と通信した結果、調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｚ又は運用代行者Ｚの利用者端末との間で前記相対取引が成立した場合に、(M) The procurement applicant X or the user terminal of the procurement agent X having received the bilateral transaction request communicates with the operation applicant Z or the user terminal of the operation agent Z based on the identifier, and as a result, When the bilateral transaction is established between the user terminal of the agent X or the procurement agent X and the user of the operation applicant Z or the operation agent Z,
調達希望者Ｘもしくは調達代行者Ｘの利用者端末又は運用希望者Ｚもしくは運用代行者Ｚの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the procurement agent X or the user terminal of the operation applicant Z or the operation agent Z via the communication network or the radio wave. And second receiving means for
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記調達代行者に係る自己紹介資料及び前記運用代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the procurement agent and self-introduction materials related to the operation agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、又は、前記調達代行者による該調達希望者のための該資金調達であり、(Viii) the financial transaction is the financing for the procurement candidate or the financing by the procurement agent for the procurement candidate;
（ｉｘ）該金融取引は、前記運用希望者にとっての前記資金運用であり、又は、前記運用代行者による該運用希望者のための該資金運用であり、(Ix) the financial transaction is the fund management for the investment applicant or the fund management for the investment applicant by the investment agent;
（ｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any one or more of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｘｉ）該希望数値は、該調達希望者又は該調達代行者にとっての希望調達数値であり、且つ、該運用希望者又は該運用代行者にとっての希望運用数値であり、(Xi) the desired numerical value is a desired procurement numerical value for the procurement applicant or the procurement agent, and is a desired operation numerical value for the operation applicant or the operation proxy agent;
（ａ）（１）前記調達代行者の利用者端末が送信した該調達代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信し、(A) (1) receiving, via the communication network or the radio wave, a self-introduction material relating to the procurement agent transmitted by a user terminal of the procurement agent,
（２）前記運用代行者の利用者端末が送信した該運用代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(2) first receiving means for receiving, via the communication line network or the radio wave, self-introduction data relating to the operation agent transmitted by the user terminal of the operation agent;
（ｂ）（１）前記第１受信手段によって受信した該調達代行者に係る自己紹介資料を、前記配信資料データベースに格納し、(B) (1) storing the self-introduction material relating to the procurement agent received by the first receiving means in the distribution material database;
（２）前記第１受信手段によって受信した該運用代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(2) first storage means for storing the self-introduction material relating to the operation agent received by the first receiving means in the distribution material database;
（ｃ）（１）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記調達希望者の利用者端末へ該調達代行者に係る自己紹介資料を配信し、(C) (1) Procurement to a specified or unspecified user terminal of the procurement applicant via any one or more of the communication network and the broadcast network via the broadcast server. Deliver self-introduction materials pertaining to the agent,
（２）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記運用希望者の利用者端末へ該運用代行者に係る自己紹介資料を配信する第１配信手段と、(2) To the operation agent to the specified or unspecified user terminal of the operation applicant via any one or more of the communication network and the broadcasting network via the broadcasting server. A first distribution means for distributing such self-introduction material;
（ｄ）前記金融取引を希望する前記調達希望者の利用者端末又は、前記調達希望者に選定された前記調達代行者の利用者端末が、(D) a user terminal of the procurement applicant who desires the financial transaction or a user terminal of the procurement agent selected as the procurement applicant;
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望調達数量と、(2) the desired procurement quantity of the financial product;
（３）該金融商品における希望調達数値とを、(3) The desired procurement value of the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the financing order received by the first reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末又は、前記運用希望者に選定され前記金融取引への参加を決意した前記運用代行者の利用者端末が、該資金調達注文を対象に、(G) Among the user terminals of the user for which the funding order has been disclosed by the disclosure means, selected as the user terminal of the operation applicant who has decided to participate in the financial transaction or the operation applicant. The user terminal of the agent acting and determined to participate in the financial transaction is targeted for the financing order,
（１）前記金融商品における希望運用数量と、(1) desired operating quantity of the financial product;
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｈ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第３記憶手段と、(H) third storage means for storing the money management order received by the second reception means in the financial product database;
（ｉ）前記第２記憶手段によって格納した前記資金調達注文と前記第３記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the financing order stored by the second storage means with the fund management order stored by the third storage means on the financial product database as a matching target;
（１）調達希望者Ｘ又は調達代行者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) Let xa be the desired procurement quantity and XA be the desired procurement value for the financial product A designated by the user terminal of the procurement applicant X or the procurement agent X, and raise the fund procurement order transmitted by the user terminal. Order x,
（２）運用希望者Ｙ又は運用代行者Ｙの利用者端末が指定した金融商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、(2) The desired operation quantity of the financial product A designated by the operation applicant Y or the user terminal of the operation agent Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is used for fund management. If order y
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction is established between the financing order x and the fund management order y, and the financial transaction is performed according to the amount of the established financial transaction. first updating means for respectively updating xa and ya on the financial product database;
（ｋ）調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、運用希望者Ｙ又は運用代行者Ｙの利用者端末が調達希望者Ｘ又は調達代行者Ｘを特定して送信した金融商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(K) If the financial transaction is not established between the procurement applicant X or the user terminal of the procurement agent X and the operation applicant Y or the user terminal of the operation agent Y, the operation applicant Y or A third terminal for receiving, via the communication line network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the financial product A transmitted from the user terminal of the operation agent Y by specifying the procurement applicant X or the procurement agent X; Reception means,
（ｌ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙ又は運用代行者Ｙの識別子を付与して調達希望者Ｘ又は調達代行者Ｘの利用者端末へ送信する送信手段と、(L) The relative transaction request received by the third receiving means is transmitted to any one of the communication line network and the broadcast network via the broadcast server via one or more of the networks, and the operation applicant Y or the operation Transmitting means for assigning an identifier of the agent Y and transmitting the same to the user terminal of the procurement applicant X or the procurement agent X;
（ｍ）該相対取引要求を受信した調達希望者Ｘ又は調達代行者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙ又は運用代行者Ｙの利用者端末と通信した結果、調達希望者Ｘ又は調達代行者Ｘの利用者端末と運用希望者Ｙ又は運用代行者Ｙの利用者端末との間で前記相対取引が成立した場合に、(M) As a result of the procurement applicant X or the procurement agent X user terminal receiving the bilateral transaction request communicating with the operation applicant Y or the operation agent Y user terminal based on the identifier, When the bilateral transaction is established between the user terminal of the operator X or the procurement agent X and the user terminal of the operation applicant Y or the operation agent Y,
調達希望者Ｘもしくは調達代行者Ｘの利用者端末又は運用希望者Ｙもしくは運用代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Receiving information on establishment of the bilateral transaction notified from the user terminal of the procurement applicant X or the procurement agent X or the user terminal of the operation applicant Y or the operation agent Y via the communication network or the radio wave. And second receiving means for
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の調達希望者にとっての前記合同資金調達であり、且つ、前記複数の運用希望者にとっての前記合同資金運用であり、(Vii) the joint financial transaction is the joint funding for the plurality of applicants and the joint fund management for the plurality of investment applicants;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the joint financial transaction is any one or more of a price, a discount rate, a premium rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）１以上の調達希望者との合同資金調達αを希望する調達希望者を調達希望者Ａ、該１以上の調達希望者を調達希望者Ｂとし、(A) A procurement applicant who desires joint funding α with one or more procurement applicants is a procurement applicant A, and the one or more procurement applicants are a procurement applicant B,
１以上の運用希望者との合同資金運用βを希望する運用希望者を運用希望者Ｃ、該１以上の運用希望者を運用希望者Ｄとし、The operation applicant who desires the joint fund management β with one or more operation applicants is the operation applicant C, the one or more operation applicants is the operation applicant D,
１以上の運用希望者との合同資金運用γを希望する運用希望者を運用希望者Ｅ、該１以上の運用希望者を運用希望者Ｆとする場合に、In the case where the operation applicant who desires the joint fund management γ with one or more operation applicants is the operation applicant E and the one or more operation applicants is the operation applicant F,
（１）調達希望者Ａの利用者端末が送信した合同資金調達αの提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the procurement applicant A for the alliance of the joint fund procurement α;
（２）運用希望者Ｃの利用者端末が送信した合同資金運用βの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付け、(2) receiving, via the communication line or the radio wave, an alliance request transmitted by the user terminal of the operation applicant C for the alliance of the joint fund operation β,
（３）運用希望者Ｅの利用者端末が送信した合同資金運用γの提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(3) first accepting means for accepting, via the communication line or the radio wave, an alliance request related to the joint fund operation γ transmitted by the user terminal of the operation applicant E;
（ｂ）（１）前記第１受付手段によって受け付けた合同資金調達αに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、調達希望者Ｂの利用者端末へ調達希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request related to the joint fund procurement α received by the first receiving unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the procurement applicant B with the identifier of the procurement applicant A,
（２）前記第１受付手段によって受け付けた合同資金運用βに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｄの利用者端末へ運用希望者Ｃの識別子を付与して送信し、(2) The cooperation request relating to the joint fund management β received by the first receiving unit is operated via at least one of the communication network and the broadcast network via the broadcast server. The identifier of operation applicant C is assigned to the user terminal of applicant D and transmitted.
（３）前記第１受付手段によって受け付けた合同資金運用γに係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｆの利用者端末へ運用希望者Ｅの識別子を付与して送信する第１送信手段と、(3) The cooperation request related to the joint fund management γ received by the first receiving unit is operated via at least one of the communication network and the broadcasting network via the broadcasting server. First transmission means for providing an identifier of the operation applicant E to the user terminal of the applicant F and transmitting the same;
（ｃ）（１）合同資金調達αに係る該提携依頼を受信した調達希望者Ｂの利用者端末が、前記識別子を基に調達希望者Ａの利用者端末と通信した結果、調達希望者Ｂの利用者端末と調達希望者Ａの利用者端末との間で前記提携が成立した場合に、調達希望者Ｂの利用者端末又は調達希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of the user terminal of the procurement applicant B having received the cooperation request regarding the joint fund procurement α communicating with the user terminal of the procurement applicant A based on the identifier, the procurement applicant B If the above-mentioned alliance is established between the user terminal of the procurement applicant A and the user terminal of the procurement applicant A, the establishment of the alliance notified from the user terminal of the procurement applicant B or the user terminal of the procurement applicant A Receiving information via the communication network or the radio wave,
（２）合同資金運用βに係る該提携依頼を受信した運用希望者Ｄの利用者端末が、前記識別子を基に運用希望者Ｃの利用者端末と通信した結果、運用希望者Ｄの利用者端末と運用希望者Ｃの利用者端末との間で前記提携が成立した場合に、運用希望者Ｄの利用者端末又は運用希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信し、(2) As a result of the user terminal of the operation applicant D having received the cooperation request relating to the joint fund operation β communicating with the user terminal of the operation applicant C based on the identifier, the user of the operation applicant D is obtained. When the alliance is established between the terminal and the user terminal of the operation applicant C, the establishment information of the alliance notified from the user terminal of the operation applicant D or the user terminal of the operation applicant C, Received via the communication line or the radio wave,
（３）合同資金運用γに係る該提携依頼を受信した運用希望者Ｆの利用者端末が、前記識別子を基に運用希望者Ｅの利用者端末と通信した結果、運用希望者Ｆの利用者端末と運用希望者Ｅの利用者端末との間で前記提携が成立した場合に、運用希望者Ｆの利用者端末又は運用希望者Ｅの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(3) As a result of the user terminal of the operation applicant F having received the cooperation request relating to the joint fund operation γ communicating with the user terminal of the operation applicant E based on the identifier, the user of the operation applicant F When the alliance is established between the terminal and the user terminal of the operation applicant E, the establishment information of the alliance notified from the user terminal of the operation applicant F or the user terminal of the operation applicant E, First receiving means for receiving via the communication line or the radio wave,
（ｄ）調達希望者Ａの利用者端末と調達希望者Ｂの利用者端末との間の前記通信の結果、合同資金調達αにおける代表として選出された調達希望者を代表調達希望者Ｘとし、(D) As a result of the communication between the user terminal of the procurement applicant A and the user terminal of the procurement applicant B, the procurement applicant selected as a representative in the joint funding α is defined as a representative procurement applicant X,
運用希望者Ｃの利用者端末と運用希望者Ｄの利用者端末との間の前記通信の結果、合同資金運用βにおける代表として選出された運用希望者を代表運用希望者Ｙとし、As a result of the communication between the user terminal of the operation applicant C and the user terminal of the operation applicant D, the operation applicant selected as a representative in the joint fund operation β is defined as a representative operation applicant Y,
運用希望者Ｅの利用者端末と運用希望者Ｆの利用者端末との間の前記通信の結果、合同資金運用γにおける代表として選出された運用希望者を代表運用希望者Ｚとする場合に、As a result of the communication between the user terminal of the operation applicant E and the user terminal of the operation applicant F, when the operation applicant selected as a representative in the joint fund operation γ is set as the representative operation applicant Z,
前記合同金融取引を希望する代表調達希望者Ｘの利用者端末が、The user terminal of the representative procurement applicant X who wants the joint financial transaction is:
（１）前記金融商品と、(1) the financial product;
（２）該金融商品による合同資金調達αにおける総希望調達数量と、(2) the total desired procurement quantity in the joint fund procurement α by the financial product;
（３）該金融商品における希望調達数値レンジとを、(3) The desired procurement numerical range for the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the financing order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the financing order received by the second reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｙの利用者端末が、該資金調達注文を対象に、(G) Among the user terminals of the user for whom the funding order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Y who has decided to participate in the joint financial transaction is the user terminal of the funding order. Targeting
（１）前記金融商品による合同資金運用βにおける総希望運用数量と、(1) The total desired operation quantity in the joint fund management β by the financial product,
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｚの利用者端末が、該資金調達注文を対象に、Of the user terminals of the user for which the financing order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Z who has decided to participate in the joint financial transaction is targeted for the financing order. ,
（１）前記金融商品による合同資金運用γにおける総希望運用数量と、(1) The total desired investment quantity in the joint fund management γ by the financial product,
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、Third receiving means for receiving the fund management order transmitted by designating the order content including, via the communication network or the radio wave;
（ｈ）前記第３受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(H) second storage means for storing the money management order received by the third reception means in the financial product database;
（ｉ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望調達数量をｘａとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) Let xa be the total desired procurement quantity of the financial product A designated by the user terminal of the representative procurement applicant X, and let the fund procurement order transmitted by the user terminal be the fund procurement order x.
（２）代表運用希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとし、(2) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is designated as fund management order y. ,
（３）代表運用希望者Ｚの利用者端末が指定した金融商品Ａにおける総希望運用数量をｚａ、希望運用数値をＺＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｚとし、(3) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Z is za, the desired operation value is ZA, and the fund operation order transmitted by the user terminal is the fund operation order z. ,
（４）該ＹＡ及び該ＺＡが、代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける希望調達数値レンジにあるとする場合に、(4) When the YA and the ZA are within the desired procurement numerical range of the financial product A designated by the user terminal of the representative procurement applicant X,
資金調達注文ｘと資金運用注文ｙと資金運用注文ｚとの間で、該ＹＡ及び該ＺＡのうち、どちらが代表調達希望者Ｘ寄りであるかを判別するマッチング手段と、Matching means for determining which of the YA and the ZA is closer to the representative procurement applicant X between the financing order x, the financing order y, and the financing order z;
（ｊ）前記マッチング手段によって、前記ＹＡが前記ＺＡより代表調達希望者Ｘ寄りであると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) When the matching means determines that the YA is closer to the representative procurement applicant X than the ZA, the joint financial transaction is established between the fund procurement order x and the fund management order y, and the transaction is completed. First updating means for respectively updating the xa and the ya on the financial product database according to the quantity of the joint financial transaction;
（ｋ）代表調達希望者Ｘの利用者端末と代表運用希望者Ｚの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表運用希望者Ｚの利用者端末が代表調達希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、(K) When the joint financial transaction is not established between the user terminal of the representative procurement applicant X and the user terminal of the representative procurement applicant Z, the user terminal of the representative procurement applicant Z becomes the representative procurement Fourth accepting means for accepting, via the communication network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the applicant X;
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表運用希望者Ｚの識別子を付与して代表調達希望者Ｘの利用者端末へ送信する第２送信手段と、(L) The joint operation request received by the fourth accepting means is transferred to the representative operation applicant Z via at least one of the communication network and the broadcast network via the broadcast server. A second transmitting means for giving an identifier of and transmitting to the user terminal of the representative procurement applicant X;
（ｍ）該合同相対取引要求を受信した代表調達希望者Ｘの利用者端末が、前記識別子を基に代表運用希望者Ｚの利用者端末と通信した結果、代表調達希望者Ｘの利用者端末と代表運用希望者Ｚの利用者端末との間で前記合同相対取引が成立した場合に、(M) As a result of the user terminal of the representative procurement applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative procurement applicant Z based on the identifier, the user terminal of the representative procurement applicant X And when the joint bilateral transaction is established between the user terminal of the representative operation applicant Z and
代表調達希望者Ｘの利用者端末又は代表運用希望者Ｚの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Second receiving means for receiving, via the communication line network or the radio wave, the establishment information of the joint bilateral transaction notified from the user terminal of the representative procurement applicant X or the user terminal of the representative operation applicant Z. ,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の調達希望者にとっての前記合同資金調達であり、且つ、前記複数の運用希望者にとっての前記合同資金運用であり、(Vii) the joint financial transaction is the joint funding for the plurality of applicants and the joint fund management for the plurality of investment applicants;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired numerical value in the joint financial transaction is any one or more of a price, a discount rate, a premium rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｉｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(Ix) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）１以上の調達希望者との前記合同資金調達を希望する調達希望者を調達希望者Ａ、該１以上の調達希望者を調達希望者Ｂとし、(A) A procurement applicant who desires the joint fund procurement with one or more procurement applicants is a procurement applicant A, and the one or more procurement applicants are a procurement applicant B,
１以上の運用希望者との前記合同資金運用を希望する運用希望者を運用希望者Ｃ、該１以上の運用希望者を運用希望者Ｄとする場合に、In the case where an operation applicant who desires the joint fund management with one or more operation applicants is an operation applicant C and the one or more operation applicants are an operation applicant D,
（１）調達希望者Ａの利用者端末が送信した該合同資金調達の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) receiving, via the communication network or the radio wave, an alliance request related to the joint fund procurement alliance transmitted by the user terminal of the procurement applicant A;
（２）運用希望者Ｃの利用者端末が送信した該合同資金運用の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint fund management alliance transmitted by the user terminal of the operation applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同資金調達に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、調達希望者Ｂの利用者端末へ調達希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request related to the joint fund procurement received by the first receiving unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the procurement applicant B with the identifier of the procurement applicant A,
（２）前記第１受付手段によって受け付けた該合同資金運用に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｄの利用者端末へ運用希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The cooperation request relating to the joint fund management received by the first reception unit is operated via at least one of the communication network and the broadcast network via the broadcast server. First transmitting means for providing an identifier of the operation applicant C to the user terminal of the applicant D and transmitting the same;
（ｃ）（１）該合同資金調達に係る該提携依頼を受信した調達希望者Ｂの利用者端末が、前記識別子を基に調達希望者Ａの利用者端末と通信した結果、調達希望者Ｂの利用者端末と調達希望者Ａの利用者端末との間で前記提携が成立した場合に、調達希望者Ｂの利用者端末又は調達希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of the user terminal of the procurement applicant B having received the alliance request relating to the joint fund procurement communicating with the user terminal of the procurement applicant A based on the identifier, the procurement applicant B If the above-mentioned alliance is established between the user terminal of the procurement applicant A and the user terminal of the procurement applicant A, the establishment of the alliance notified from the user terminal of the procurement applicant B or the user terminal of the procurement applicant A Receiving information via the communication network or the radio wave,
（２）該合同資金運用に係る該提携依頼を受信した運用希望者Ｄの利用者端末が、前記識別子を基に運用希望者Ｃの利用者端末と通信した結果、運用希望者Ｄの利用者端末と運用希望者Ｃの利用者端末との間で前記提携が成立した場合に、運用希望者Ｄの利用者端末又は運用希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the operation applicant D receiving the cooperation request relating to the joint fund operation communicating with the user terminal of the operation applicant C based on the identifier, the user of the operation applicant D When the alliance is established between the terminal and the user terminal of the operation applicant C, the establishment information of the alliance notified from the user terminal of the operation applicant D or the user terminal of the operation applicant C, First receiving means for receiving via the communication line or the radio wave,
（ｄ）調達希望者Ａの利用者端末と調達希望者Ｂの利用者端末との間の前記通信の結果、該合同資金調達における代表として選出された調達希望者を代表調達希望者Ｘとし、(D) As a result of the communication between the user terminal of the procurement applicant A and the user terminal of the procurement applicant B, the procurement applicant selected as a representative in the joint fund procurement is set as a representative procurement applicant X,
運用希望者Ｃの利用者端末と運用希望者Ｄの利用者端末との間の前記通信の結果、該合同資金運用における代表として選出された運用希望者を代表運用希望者Ｙとする場合に、As a result of the communication between the user terminal of the operation applicant C and the user terminal of the operation applicant D, when the operation applicant selected as the representative in the joint fund operation is set as the representative operation applicant Y,
前記合同金融取引を希望する代表調達希望者Ｘの利用者端末が、The user terminal of the representative procurement applicant X who wants the joint financial transaction is:
（１）前記金融商品と、(1) the financial product;
（２）該金融商品による前記合同資金調達における総希望調達数量と、(2) the total desired procurement quantity in the joint fund procurement by the financial product;
（３）該金融商品における希望調達数値とを、(3) The desired procurement value of the financial product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the financing order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the financing order received by the second reception means in the financial product database;
（ｆ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(F) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｇ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記合同金融取引への参加を決意した代表運用希望者Ｙの利用者端末が、該資金調達注文を対象に、(G) Among the user terminals of the user for whom the funding order has been disclosed by the disclosure means, the user terminal of the representative operation applicant Y who has decided to participate in the joint financial transaction is the user terminal of the funding order. Targeting
（１）前記金融商品による前記合同資金運用における総希望運用数量と、(1) the total desired operation amount in the joint fund management by the financial product;
（２）該金融商品における希望運用数値とを、(2) The desired investment value of the financial product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、Third receiving means for receiving the fund management order transmitted by designating the order content including, via the communication network or the radio wave;
（ｈ）前記第３受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(H) second storage means for storing the money management order received by the third reception means in the financial product database;
（ｉ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(I) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）代表調達希望者Ｘの利用者端末が指定した金融商品Ａにおける総希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) The total desired procurement quantity of the financial product A designated by the user terminal of the representative procurement applicant X is xa, the desired procurement value is XA, and the fund procurement order transmitted by the user terminal is the fund procurement order x. ,
（２）代表運用希望者Ｙの利用者端末が指定した金融商品Ａにおける総希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、(2) The total desired operation quantity of the financial product A designated by the user terminal of the representative operation applicant Y is designated as ya, the desired operation value is designated as YA, and the fund management order transmitted by the user terminal is referred to as a fund management order y. If you do
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
（ｊ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(J) when the matching means determines that the equation XA = YA is satisfied, establishes the joint financial transaction between the financing order x and the fund management order y, and sets the amount of the established joint financial transaction First updating means for respectively updating the xa and the ya on the financial product database in accordance with
（ｋ）代表調達希望者Ｘの利用者端末と代表運用希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、代表運用希望者Ｙの利用者端末が代表調達希望者Ｘを特定して送信した金融商品Ａの合同相対取引に係る合同相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第４受付手段と、(K) When the joint financial transaction is not established between the user terminal of the representative procurement applicant X and the user terminal of the representative operation applicant Y, the user terminal of the representative operation applicant Y becomes the representative procurement Fourth accepting means for accepting, via the communication network or the radio wave, a joint relative transaction request relating to the joint relative transaction of the financial product A transmitted by specifying the applicant X;
（ｌ）前記第４受付手段によって受け付けた該合同相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、代表運用希望者Ｙの識別子を付与して代表調達希望者Ｘの利用者端末へ送信する第２送信手段と、(1) The joint operation request received by the fourth receiving means is transferred to the representative operation applicant Y via any one or more of the communication network and the broadcast network via the broadcast server. A second transmitting means for giving an identifier of and transmitting to the user terminal of the representative procurement applicant X;
（ｍ）該合同相対取引要求を受信した代表調達希望者Ｘの利用者端末が、前記識別子を基に代表運用希望者Ｙの利用者端末と通信した結果、代表調達希望者Ｘの利用者端末と代表運用希望者Ｙの利用者端末との間で前記合同相対取引が成立した場合に、(M) As a result of the user terminal of the representative procurement applicant X having received the joint bilateral transaction request communicating with the user terminal of the representative procurement applicant Y based on the identifier, the user terminal of the representative procurement applicant X And when the joint bilateral transaction is established between the representative operation applicant Y and the user terminal,
代表調達希望者Ｘの利用者端末又は代表運用希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、A second receiving means for receiving, via the communication line network or the radio wave, the establishment information of the joint bilateral transaction notified from the user terminal of the representative procurement applicant X or the user terminal of the representative operation applicant Y. ,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、(Vii) the financial transaction is the selling for the seller and the buying for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、(A) the user terminal of the seller who desires the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売建数量と、(2) the desired selling quantity of the financial instrument;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末が、A user terminal of the buyer who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買建数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
（１）売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the selling applicant X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
（２）買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of purchase applicant Y is financial product B, the desired purchase quantity in financial product B is yb, the desired purchase value in financial product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(D) when it is determined by the matching means that the equation XA = YB is established, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed in accordance with the amount of the established financial transaction. xa and the yb are respectively updated on the financial product database,
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、If it is determined by the matching means that the equation XA = YB is not established, the financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(E) When the financial transaction is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
（１）売建希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the selling applicant X is received via the communication network or the radio wave, or
（２）買建希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to the bilateral transaction of the financial product B transmitted by the user terminal of the buyer Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the financial product A is established between the client terminal and the user terminal of the seller X,
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the financial product B is established between the buyer terminal Y and the user terminal,
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the financial product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＦＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right FR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＦＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation FO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、(Vii) the financial transaction is the selling for the seller and the buying for the buyer;
（ｖｉｉｉ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the financial transaction is one or more desired values of price, interest rate, yield, added yield, and exchange rate;
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、(A) the user terminal of the seller who desires the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売建数量と、(2) the desired selling quantity of the financial instrument;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末が、A user terminal of the buyer who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買建数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
（１）売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the selling applicant X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
（２）買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of purchase applicant Y is financial product B, the desired purchase quantity in financial product B is yb, the desired purchase value in financial product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when it is determined by the matching means that the equation XA = YB is satisfied, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed according to the amount of the financial transaction that has been established. first updating means for updating xa and yb on the financial product database, respectively;
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(E) When the financial transaction is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
（１）売建希望者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the financial product A transmitted by the user terminal of the selling applicant X is received via the communication network or the radio wave, or
（２）買建希望者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to the bilateral transaction of the financial product B transmitted by the user terminal of the buyer Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、(F) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the financial product A is established between the client terminal and the user terminal of the seller X,
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the financial product B is established between the buyer terminal Y and the user terminal,
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ａ即ち金融商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the financial product A, that is, the financial product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で金融商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the financial product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the financial product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
金融商品Ａ又は金融商品Ｂに付随する権利を権利ＦＲとし、金融商品Ａ又は金融商品Ｂに付随する義務を義務ＦＯとする場合、If the rights attached to financial instrument A or financial instrument B are rights FR and the obligations attached to financial instrument A or financial instruments B are obligations FO,
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＦＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right FR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＦＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation FO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記取引代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、又は、前記取引代行者による該売建希望者のための該売建であり、(Viii) the financial transaction is the selling for the seller, or the selling by the agent for the seller;
（ｉｘ）該金融取引は、前記買建希望者にとっての前記買建であり、又は、前記取引代行者による該買建希望者のための該買建であり、(Ix) the financial transaction is the purchase for the purchaser or the purchase by the transaction agent for the purchaser;
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｘｉ）該希望数値は、該売建希望者又は該売建希望者の該取引代行者にとっての希望売建数値であり、且つ、該買建希望者又は該買建希望者の該取引代行者にとっての希望買建数値であり、(Xi) The desired numerical value is a desired selling numerical value for the trading applicant or the trading agent of the selling applicant, and the trading agent of the buying candidate or the buying candidate. Purchase price for the buyer,
（ａ）前記取引代行者の利用者端末が送信した該取引代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the transaction agent transmitted by the user terminal of the transaction agent;
（ｂ）前記第１受信手段によって受信した該取引代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(B) first storage means for storing the self-introduction material relating to the transaction agent received by the first receiving means in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売建希望者又は前記買建希望者の利用者端末へ該取引代行者に係る自己紹介資料を配信する第１配信手段と、(C) a user of the specific or unspecified seller or the purchaser via any one or more networks of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material pertaining to the transaction agent to the terminal;
（ｄ）前記金融取引を希望する前記売建希望者の利用者端末又は、前記売建希望者に選定された前記取引代行者の利用者端末が、(D) the user terminal of the seller who desires the financial transaction, or the user terminal of the agent acting as the seller selected for the seller,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売建数量と、(2) the desired selling quantity of the financial instrument;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末又は、前記買建希望者に選定された前記取引代行者の利用者端末が、The user terminal of the purchase applicant who desires the financial transaction or the user terminal of the transaction agent selected as the purchase applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買建数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｆ）前記第２記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the sell order and the buy order stored by the second storage means on the financial product database as matching targets,
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the selling applicant X or the transaction agent X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of the purchase applicant Y or the transaction agent Y is financial product B, the desired purchase quantity of the financial product B is yb, the desired purchase value of the financial product B is YB, When the buy order transmitted by the user terminal is a buy order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(G) when it is determined by the matching means that the equation XA = YB is satisfied, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed according to the amount of the financial transaction that has been established. xa and the yb are respectively updated on the financial product database,
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、If it is determined by the matching means that the equation XA = YB is not established, the financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, and the financial transaction is established. First updating means for respectively updating the xa and the yb on the financial product database according to the amount of the financial transaction,
（ｈ）売建希望者Ｘ又は取引代行者Ｘの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(H) When the financial transaction is not established between the user terminal of the buyer X or the agent X and the user terminal of the buyer Y or the agent Y,
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α relating to the relative transaction of the financial product A transmitted by the user terminal of the seller X or the agent agent X is received via the communication network or the radio wave, or
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the financial instrument B transmitted by the user terminal of the purchase applicant Y or the transaction agent Y; ,
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗ又は取引代行者Ｗの利用者端末へ売建希望者Ｘ又は取引代行者Ｘの識別子を付与して送信し、又は、(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or transaction agent W who wishes to acquire the transaction, with the identifier of sale applicant X or transaction agent X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖ又は取引代行者Ｖの利用者端末へ買建希望者Ｙ又は取引代行者Ｙの識別子を付与して送信する送信手段と、(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning an identifier of the purchase applicant Y or the transaction agent Y to the user terminal of one or more of the buyers V or the agent V who desires
（ｊ）（１）相対取引要求αを受信した買建希望者Ｗ又は取引代行者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘ又は取引代行者Ｘの利用者端末と通信した結果、買建希望者Ｗ又は取引代行者Ｗの利用者端末と売建希望者Ｘ又は取引代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(J) (1) The user terminal of the buyer W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the buyer W or the transaction agent W and the user terminal of the seller X or the transaction agent X,
買建希望者Ｗもしくは取引代行者Ｗの利用者端末又は売建希望者Ｘもしくは取引代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the transaction agent W or the user terminal of the seller X or the transaction agent X is transmitted via the communication network or the radio wave. Received or
（２）相対取引要求βを受信した売建希望者Ｖ又は取引代行者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙ又は取引代行者Ｙの利用者端末と通信した結果、売建希望者Ｖ又は取引代行者Ｖの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the seller V or the agent V and the user terminal of the buyer Y or the agent Y,
売建希望者Ｖもしくは取引代行者Ｖの利用者端末又は買建希望者Ｙもしくは取引代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Information on the establishment of the bilateral transaction notified from the user terminal of the seller V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）前記取引代行者に係る自己紹介資料を格納する配信資料データベースと接続され、(Ii) connected to a distribution material database storing self-introduction materials related to the agent;
（ｉｉｉ）所定の放送サーバと接続され、(Iii) connected to a predetermined broadcast server,
（ｉｖ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iv) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(V) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖｉ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(Vi) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vii) receiving data related to the financial transaction from the individual user terminal via the communication network or radio waves,
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、又は、前記取引代行者による該売建希望者のための該売建であり、(Viii) the financial transaction is the selling for the seller, or the selling by the agent for the seller;
（ｉｘ）該金融取引は、前記買建希望者にとっての前記買建であり、又は、前記取引代行者による該買建希望者のための該買建であり、(Ix) the financial transaction is the purchase for the purchaser or the purchase by the transaction agent for the purchaser;
（ｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(X) the desired value in the financial transaction is any desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｘｉ）該希望数値は、該売建希望者又は該売建希望者の該取引代行者にとっての希望売建数値であり、且つ、該買建希望者又は該買建希望者の該取引代行者にとっての希望買建数値であり、(Xi) The desired numerical value is a desired selling numerical value for the trading applicant or the trading agent of the selling applicant, and the trading agent of the buying candidate or the buying candidate. Purchase price for the buyer,
（ａ）前記取引代行者の利用者端末が送信した該取引代行者に係る自己紹介資料を、前記通信回線網又は前記電波を介して受信する第１受信手段と、(A) first receiving means for receiving, via the communication network or the radio wave, self-introduction data relating to the transaction agent transmitted by the user terminal of the transaction agent;
（ｂ）前記第１受信手段によって受信した該取引代行者に係る自己紹介資料を、前記配信資料データベースに格納する第１記憶手段と、(B) first storage means for storing the self-introduction material relating to the transaction agent received by the first receiving means in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記売建希望者又は前記買建希望者の利用者端末へ該取引代行者に係る自己紹介資料を配信する第１配信手段と、(C) a user of the specific or unspecified seller or the purchaser via any one or more networks of the communication network and the broadcast network via the broadcast server. First distribution means for distributing the self-introduction material pertaining to the transaction agent to the terminal;
（ｄ）前記金融取引を希望する前記売建希望者の利用者端末又は、前記売建希望者に選定された前記取引代行者の利用者端末が、(D) the user terminal of the seller who desires the financial transaction, or the user terminal of the agent acting as the seller selected for the seller,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望売建数量と、(2) the desired selling quantity of the financial instrument;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末又は、前記買建希望者に選定された前記取引代行者の利用者端末が、The user terminal of the purchase applicant who desires the financial transaction or the user terminal of the transaction agent selected as the purchase applicant,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品における希望買建数量と、(2) the desired purchase quantity of the financial instrument;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｅ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｆ）前記第２記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the sell order and the buy order stored by the second storage means on the financial product database as matching targets,
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the selling applicant X or the transaction agent X is financial product A, the desired selling quantity of the financial product A is xa, the desired selling value of the financial product A is XA, The selling order transmitted by the user terminal is referred to as a selling order x,
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of the purchase applicant Y or the transaction agent Y is financial product B, the desired purchase quantity of the financial product B is yb, the desired purchase value of the financial product B is YB, When the buy order transmitted by the user terminal is a buy order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YB is satisfied, the financial transaction is established between the sell order x and the buy order y, and the financial transaction is performed according to the amount of the financial transaction that has been established. first updating means for updating xa and yb on the financial product database, respectively;
（ｈ）売建希望者Ｘ又は取引代行者Ｘの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で前記金融取引が成立しなかった場合に、(H) When the financial transaction is not established between the user terminal of the buyer X or the agent X and the user terminal of the buyer Y or the agent Y,
（１）売建希望者Ｘ又は取引代行者Ｘの利用者端末が送信した金融商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α relating to the relative transaction of the financial product A transmitted by the user terminal of the seller X or the agent agent X is received via the communication network or the radio wave, or
（２）買建希望者Ｙ又は取引代行者Ｙの利用者端末が送信した金融商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the financial instrument B transmitted by the user terminal of the purchase applicant Y or the transaction agent Y; ,
（ｉ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの買建を希望する１以上の買建希望者Ｗ又は取引代行者Ｗの利用者端末へ売建希望者Ｘ又は取引代行者Ｘの識別子を付与して送信し、又は、(I) (1) The bilateral transaction request α received by the second receiving means is transmitted to the financial product A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W or transaction agent W who wishes to acquire the transaction, with the identifier of sale applicant X or transaction agent X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの売建を希望する１以上の売建希望者Ｖ又は取引代行者Ｖの利用者端末へ買建希望者Ｙ又は取引代行者Ｙの識別子を付与して送信する送信手段と、(2) The bilateral transaction request β received by the second receiving unit is sold via one or more of the communication network and the broadcast network via the broadcast server, and the financial product B is sold. Transmitting means for assigning an identifier of the purchase applicant Y or the transaction agent Y to the user terminal of one or more of the buyers V or the agent V who desires
（ｊ）（１）相対取引要求αを受信した買建希望者Ｗ又は取引代行者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘ又は取引代行者Ｘの利用者端末と通信した結果、買建希望者Ｗ又は取引代行者Ｗの利用者端末と売建希望者Ｘ又は取引代行者Ｘの利用者端末との間で金融商品Ａに係る前記相対取引が成立した場合に、(J) (1) The user terminal of the buyer W or the agent W receiving the bilateral transaction request α communicates with the user terminal of the seller X or the agent X based on the identifier. As a result, when the bilateral transaction relating to the financial product A is established between the user terminal of the buyer W or the transaction agent W and the user terminal of the seller X or the transaction agent X,
買建希望者Ｗもしくは取引代行者Ｗの利用者端末又は売建希望者Ｘもしくは取引代行者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、The establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the transaction agent W or the user terminal of the seller X or the transaction agent X is transmitted via the communication network or the radio wave. Received or
（２）相対取引要求βを受信した売建希望者Ｖ又は取引代行者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙ又は取引代行者Ｙの利用者端末と通信した結果、売建希望者Ｖ又は取引代行者Ｖの利用者端末と買建希望者Ｙ又は取引代行者Ｙの利用者端末との間で金融商品Ｂに係る前記相対取引が成立した場合に、(2) As a result of the user terminal of the seller V or the agent V receiving the bilateral transaction request β communicating with the user terminal of the buyer Y or the agent Y based on the identifier, When the bilateral transaction relating to the financial product B is established between the user terminal of the seller V or the agent V and the user terminal of the buyer Y or the agent Y,
売建希望者Ｖもしくは取引代行者Ｖの利用者端末又は買建希望者Ｙもしくは取引代行者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、Information on the establishment of the bilateral transaction notified from the user terminal of the seller V or the agent V or the user terminal of the buyer Y or the agent Y is transmitted via the communication network or the radio wave. And second receiving means for receiving
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売建希望者にとっての前記合同売建であり、且つ、前記複数の買建希望者にとっての前記合同買建であり、(Vii) the joint financial transaction is the joint sale for the plurality of short-term buyers and the joint short-term purchase for the plurality of long-term buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
（ａ）１以上の売建希望者との前記合同売建を希望する売建希望者を売建希望者Ａ、該１以上の売建希望者を売建希望者Ｂとし、(A) A selling applicant who wishes to perform the joint selling with one or more selling applicants is a selling applicant A, and the one or more selling applicants is a selling applicant B,
１以上の買建希望者との前記合同買建を希望する買建希望者を買建希望者Ｃ、該１以上の買建希望者を買建希望者Ｄとする場合に、In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
（１）売建希望者Ａの利用者端末が送信した該合同売建の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
（２）買建希望者Ｃの利用者端末が送信した該合同買建の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchasing alliance transmitted by the user terminal of the purchase applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同売建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売建希望者Ｂの利用者端末へ売建希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the seller B with the identifier of the seller A,
（２）前記第１受付手段によって受け付けた該合同買建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買建希望者Ｄの利用者端末へ買建希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The tie-up request relating to the joint purchase received by the first receiving means is purchased through any one or more of the communication network and the broadcast network via the broadcast server. First transmission means for providing an identifier of the buyer C to the user terminal of the buyer D and transmitting the same;
（ｃ）（１）該合同売建に係る該提携依頼を受信した売建希望者Ｂの利用者端末が、前記識別子を基に売建希望者Ａの利用者端末と通信した結果、売建希望者Ｂの利用者端末と売建希望者Ａの利用者端末との間で前記提携が成立した場合に、売建希望者Ｂの利用者端末又は売建希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of communication between the user terminal of the client B and the user terminal of the client A based on the identifier, the user terminal of the client B having received the cooperation request relating to the joint client building, When the above-mentioned alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notice is sent from the user terminal of the seller B or the user terminal of the seller A. Received the establishment information of the alliance, via the communication network or the radio wave,
（２）該合同買建に係る該提携依頼を受信した買建希望者Ｄの利用者端末が、前記識別子を基に買建希望者Ｃの利用者端末と通信した結果、買建希望者Ｄの利用者端末と買建希望者Ｃの利用者端末との間で前記提携が成立した場合に、買建希望者Ｄの利用者端末又は買建希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the buyer C and the user terminal of the buyer C, the user terminal of the buyer D or the user terminal of the buyer C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売建希望者Ａの利用者端末と売建希望者Ｂの利用者端末との間の前記通信の結果、該合同売建における代表として選出された売建希望者を代表売建希望者Ｘとし、(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is requested to be a representative seller. Person X
買建希望者Ｃの利用者端末と買建希望者Ｄの利用者端末との間の前記通信の結果、該合同買建における代表として選出された買建希望者を代表買建希望者Ｙとする場合に、As a result of the communication between the user terminal of the buyer C and the user terminal of the buyer D, the buyer who has been selected as a representative in the joint purchase is referred to as a representative buyer Y. If you do
前記合同金融取引を希望する代表売建希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction is:
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同売建における総希望売建数量と、(2) the total desired selling quantity of the financial instrument in the joint selling;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記合同金融取引を希望する代表買建希望者Ｙの利用者端末が、The user terminal of the representative buyer Y who wants the joint financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同買建における総希望買建数量と、(2) the total desired purchase quantity of the financial instrument in the joint purchase;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting a buy order transmitted by designating order contents including the order via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the sell order and the buy order received by the second receiving means in the financial product database;
（ｆ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the sell order and the buy order stored by the first storage means on the financial instrument database as matching targets,
（１）代表売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. The sell order transmitted by the terminal is referred to as a sell order x,
（２）代表買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of the representative buying applicant Y is financial product B, the total desired buying quantity of the financial product B is yb, and the desired buying numerical value of the financial product B is YB. When the buy order sent by the terminal is a buy order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新し、(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the sell order x and the buy order y, and sets the quantity of the established joint financial transaction Update the xa and the yb on the financial product database in accordance with
前記マッチング手段によって、等式ＸＡ＝ＹＢが成立しないと判別した場合に、売建注文ｘと買建注文ｙとの間において前記ＸＡと前記ＹＢとの中間値で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、When it is determined by the matching means that the equation XA = YB does not hold, the joint financial transaction is established between the sell order x and the buy order y with an intermediate value between the XA and the YB, First updating means for respectively updating the xa and the yb on the financial instrument database in accordance with the number of the established joint financial transactions;
（ｈ）代表売建希望者Ｘの利用者端末と代表買建希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、(H) when the joint financial transaction is not established between the user terminal of the representative buyer X and the user terminal of the representative buyer Y,
（１）代表売建希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A joint relative transaction request α relating to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
（２）代表買建希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(2) third accepting means for accepting, via the communication line network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial instrument B transmitted by the user terminal of the representative buying applicant Y,
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買建を希望する１以上の代表買建希望者Ｗの利用者端末へ代表売建希望者Ｘの識別子を付与して送信し、又は、(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Attach the identifier of the representative buyer X to the user terminal of one or more representative buyers W wishing to jointly purchase A and send it, or
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売建を希望する１以上の代表売建希望者Ｖの利用者端末へ代表買建希望者Ｙの識別子を付与して送信する第２送信手段と、(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for providing the user terminal of one or more of the representative buyers V who want to sell the terminal to the user terminal with the identifier of the representative buyer Y and transmitting the user terminal;
（ｊ）（１）合同相対取引要求αを受信した代表買建希望者Ｗの利用者端末が、前記識別子を基に代表売建希望者Ｘの利用者端末と通信した結果、代表買建希望者Ｗの利用者端末と代表売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、(J) (1) As a result of the user terminal of the representative buyer W having received the joint relative transaction request α communicating with the user terminal of the representative buyer X based on the identifier, the representative buyer wishes to buy the representative buyer. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
代表買建希望者Ｗの利用者端末又は代表売建希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buying applicant W or the user terminal of the representative selling applicant X via the communication network or the radio wave, or
（２）合同相対取引要求βを受信した代表売建希望者Ｖの利用者端末が、前記識別子を基に代表買建希望者Ｙの利用者端末と通信した結果、代表売建希望者Ｖの利用者端末と代表買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、(2) As a result of the user terminal of the representative trading applicant V having received the joint bilateral transaction request β communicating with the user terminal of the representative buying applicant Y based on the identifier, the representative selling applicant V When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative buying applicant Y,
代表売建希望者Ｖの利用者端末又は代表買建希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、A second receiving means for receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buyer V or the user terminal of the representative buyer Y via the communication network or the radio wave; And
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記合同金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data on the joint financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該合同金融取引に関するデータを送信し、(V) transmitting data related to the joint financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該合同金融取引に関するデータを受信し、(Vi) receiving data related to the joint financial transaction from the individual user terminals via the communication network or radio waves,
（ｖｉｉ）該合同金融取引は、前記複数の売建希望者にとっての前記合同売建であり、且つ、前記複数の買建希望者にとっての前記合同買建であり、(Vii) the joint financial transaction is the joint sale for the plurality of short-term buyers and the joint short-term purchase for the plurality of long-term buyers;
（ｖｉｉｉ）該合同金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Viii) the desired value in the joint financial transaction is a desired value of at least one of price, interest rate, yield, additional yield, and exchange rate;
（ｉｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(Ix) the desired numerical value is a desired selling numerical value for the buyer and a desired buying numerical value for the buyer;
（ａ）１以上の売建希望者との前記合同売建を希望する売建希望者を売建希望者Ａ、該１以上の売建希望者を売建希望者Ｂとし、(A) A selling applicant who wishes to perform the joint selling with one or more selling applicants is a selling applicant A, and the one or more selling applicants is a selling applicant B,
１以上の買建希望者との前記合同買建を希望する買建希望者を買建希望者Ｃ、該１以上の買建希望者を買建希望者Ｄとする場合に、In the case where the purchase applicant who desires the joint purchase with one or more purchase applicants is a purchase applicant C and the one or more purchase applicants are a purchase applicant D,
（１）売建希望者Ａの利用者端末が送信した該合同売建の提携に係る提携依頼を、前記通信回線網又は前記電波を介して受け付け、(1) receiving, via the communication network or the radio wave, an alliance request transmitted by the user terminal of the sales applicant A for the joint sales alliance,
（２）買建希望者Ｃの利用者端末が送信した該合同買建の提携に係る提携依頼を、前記通信回線又は前記電波を介して受け付ける第１受付手段と、(2) first accepting means for accepting, via the communication line or the radio wave, an alliance request relating to the joint purchasing alliance transmitted by the user terminal of the purchase applicant C;
（ｂ）（１）前記第１受付手段によって受け付けた該合同売建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、売建希望者Ｂの利用者端末へ売建希望者Ａの識別子を付与して送信し、(B) (1) The cooperation request relating to the joint sale received by the first reception unit is transmitted to at least one of the communication network and the broadcast network via the broadcast server. Via the user terminal of the seller B with the identifier of the seller A,
（２）前記第１受付手段によって受け付けた該合同買建に係る該提携依頼を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買建希望者Ｄの利用者端末へ買建希望者Ｃの識別子を付与して送信する第１送信手段と、(2) The tie-up request relating to the joint purchase received by the first receiving means is purchased through any one or more of the communication network and the broadcast network via the broadcast server. First transmission means for providing an identifier of the buyer C to the user terminal of the buyer D and transmitting the same;
（ｃ）（１）該合同売建に係る該提携依頼を受信した売建希望者Ｂの利用者端末が、前記識別子を基に売建希望者Ａの利用者端末と通信した結果、売建希望者Ｂの利用者端末と売建希望者Ａの利用者端末との間で前記提携が成立した場合に、売建希望者Ｂの利用者端末又は売建希望者Ａの利用者端末より通知された該提携の成立情報を、前記通信回線網又は前記電波を介して受信し、(C) (1) As a result of communication between the user terminal of the client B and the user terminal of the client A based on the identifier, the user terminal of the client B having received the cooperation request relating to the joint client building, When the above-mentioned alliance is established between the user terminal of the applicant B and the user terminal of the seller A, a notice is sent from the user terminal of the seller B or the user terminal of the seller A. Received the establishment information of the alliance, via the communication network or the radio wave,
（２）該合同買建に係る該提携依頼を受信した買建希望者Ｄの利用者端末が、前記識別子を基に買建希望者Ｃの利用者端末と通信した結果、買建希望者Ｄの利用者端末と買建希望者Ｃの利用者端末との間で前記提携が成立した場合に、買建希望者Ｄの利用者端末又は買建希望者Ｃの利用者端末より通知された該提携の成立情報を、前記通信回線又は前記電波を介して受信する第１受信手段と、(2) As a result of the user terminal of the purchaser D having received the cooperation request relating to the joint purchase communicating with the user terminal of the purchaser C based on the identifier, the purchaser D When the above-mentioned alliance is established between the user terminal of the buyer C and the user terminal of the buyer C, the user terminal of the buyer D or the user terminal of the buyer C is notified. First receiving means for receiving the alliance establishment information via the communication line or the radio wave;
（ｄ）売建希望者Ａの利用者端末と売建希望者Ｂの利用者端末との間の前記通信の結果、該合同売建における代表として選出された売建希望者を代表売建希望者Ｘとし、(D) As a result of the communication between the user terminal of the selling applicant A and the user terminal of the selling applicant B, the selling applicant selected as a representative in the joint selling is requested to be a representative seller. Person X
買建希望者Ｃの利用者端末と買建希望者Ｄの利用者端末との間の前記通信の結果、該合同買建における代表として選出された買建希望者を代表買建希望者Ｙとする場合に、As a result of the communication between the user terminal of the buyer C and the user terminal of the buyer D, the buyer who has been selected as a representative in the joint purchase is referred to as a representative buyer Y. If you do
前記合同金融取引を希望する代表売建希望者Ｘの利用者端末が、The user terminal of the representative selling applicant X who wants the joint financial transaction is:
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同売建における総希望売建数量と、(2) the total desired selling quantity of the financial instrument in the joint selling;
（３）該金融商品における希望売建数値とを、(3) The desired selling value of the financial product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記合同金融取引を希望する代表買建希望者Ｙの利用者端末が、The user terminal of the representative buyer Y who wants the joint financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品の前記合同買建における総希望買建数量と、(2) the total desired purchase quantity of the financial instrument in the joint purchase;
（３）該金融商品における希望買建数値とを、(3) The desired purchase value of the financial instrument is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second accepting means for accepting a buy order transmitted by designating order contents including the order via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(E) first storage means for storing the sell order and the buy order received by the second receiving means in the financial product database;
（ｆ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the sell order and the buy order stored by the first storage means on the financial instrument database as matching targets,
（１）代表売建希望者Ｘの利用者端末が指定した金融商品を金融商品Ａ、金融商品Ａにおける総希望売建数量をｘａ、金融商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The financial product designated by the user terminal of the representative selling applicant X is financial product A, the total desired selling quantity of the financial product A is xa, and the desired selling numerical value of the financial product A is XA. The sell order transmitted by the terminal is referred to as a sell order x,
（２）代表買建希望者Ｙの利用者端末が指定した金融商品を金融商品Ｂ、金融商品Ｂにおける総希望買建数量をｙｂ、金融商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The financial product designated by the user terminal of the representative buying applicant Y is financial product B, the total desired buying quantity of the financial product B is yb, and the desired buying numerical value of the financial product B is YB. When the buy order sent by the terminal is a buy order y,
金融商品Ａと金融商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the financial product A and the financial product B match;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で前記合同金融取引を成立させ、成立した該合同金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when the matching means determines that the equation XA = YB is satisfied, establishes the joint financial transaction between the sell order x and the buy order y, and sets the quantity of the established joint financial transaction First updating means for respectively updating the xa and the yb on the financial product database in accordance with
（ｈ）代表売建希望者Ｘの利用者端末と代表買建希望者Ｙの利用者端末との間で前記合同金融取引が成立しなかった場合に、(H) when the joint financial transaction is not established between the user terminal of the representative buyer X and the user terminal of the representative buyer Y,
（１）代表売建希望者Ｘの利用者端末が送信した金融商品Ａの合同相対取引に係る合同相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) A joint relative transaction request α relating to a joint relative transaction of the financial product A transmitted by the user terminal of the representative selling applicant X is received via the communication network or the radio wave, or
（２）代表買建希望者Ｙの利用者端末が送信した金融商品Ｂの合同相対取引に係る合同相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(2) third accepting means for accepting, via the communication line network or the radio wave, the joint relative transaction request β relating to the joint relative transaction of the financial instrument B transmitted by the user terminal of the representative buying applicant Y,
（ｉ）（１）前記第３受付手段によって受け付けた合同相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ａの合同買建を希望する１以上の代表買建希望者Ｗの利用者端末へ代表売建希望者Ｘの識別子を付与して送信し、又は、(I) (1) transmitting the joint relative transaction request α received by the third receiving means to a financial product via at least one of the communication network and the broadcast network via the broadcast server; A. Attach the identifier of the representative buyer X to the user terminal of one or more representative buyers W wishing to jointly purchase A and send it, or
（２）前記第３受付手段によって受け付けた合同相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、金融商品Ｂの合同売建を希望する１以上の代表売建希望者Ｖの利用者端末へ代表買建希望者Ｙの識別子を付与して送信する第２送信手段と、(2) The joint relative transaction request β received by the third receiving unit is combined with the financial product B via at least one of the communication network and the broadcast network via the broadcast server. Second transmission means for assigning the identifier of the representative buyer Y to the user terminal of one or more representative sellers V who want to sell and transmitting the user terminal;
（ｊ）（１）合同相対取引要求αを受信した代表買建希望者Ｗの利用者端末が、前記識別子を基に代表売建希望者Ｘの利用者端末と通信した結果、代表買建希望者Ｗの利用者端末と代表売建希望者Ｘの利用者端末との間で金融商品Ａに係る前記合同相対取引が成立した場合に、(J) (1) As a result of the user terminal of the representative buyer W having received the joint relative transaction request α communicating with the user terminal of the representative buyer X based on the identifier, the representative buyer wishes to buy the representative buyer. When the joint bilateral transaction relating to the financial product A is established between the user terminal of the seller W and the user terminal of the representative seller X,
代表買建希望者Ｗの利用者端末又は代表売建希望者Ｘの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buying applicant W or the user terminal of the representative selling applicant X via the communication network or the radio wave, or
（２）合同相対取引要求βを受信した代表売建希望者Ｖの利用者端末が、前記識別子を基に代表買建希望者Ｙの利用者端末と通信した結果、代表売建希望者Ｖの利用者端末と代表買建希望者Ｙの利用者端末との間で金融商品Ｂに係る前記合同相対取引が成立した場合に、(2) As a result of the user terminal of the representative trading applicant V having received the joint bilateral transaction request β communicating with the user terminal of the representative buying applicant Y based on the identifier, the representative selling applicant V When the joint bilateral transaction relating to the financial instrument B is established between the user terminal and the user terminal of the representative buying applicant Y,
代表売建希望者Ｖの利用者端末又は代表買建希望者Ｙの利用者端末より通知された該合同相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第２受信手段とを、A second receiving means for receiving the establishment information of the joint bilateral transaction notified from the user terminal of the representative buyer V or the user terminal of the representative buyer Y via the communication network or the radio wave; And
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、(Vii) the financial product is composed of a plurality of components;
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Ix) The desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield,
（ｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(X) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、(A) the user terminal of the selling applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望売出数量と、(3) the desired sale quantity in the one component;
（４）該１つの構成要素における希望売出数値とを、(4) The desired selling numerical value of the one component is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
（１）前記１つの構成要素における希望買入数量と、(1) desired purchase quantity of the one component;
（２）該１つの構成要素における希望買入数値とを、(2) The desired purchase numerical value of the one component is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）売出希望者Ｘの利用者端末が指定した構成要素Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) The desired selling quantity in the component A designated by the user terminal of the selling applicant X is xa, the desired selling value is XA, and the selling order transmitted by the user terminal is the selling order x,
（２）買入希望者Ｙの利用者端末が指定した構成要素Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、(2) The desired purchase quantity of the component A designated by the user terminal of the purchase applicant Y is designated as ya, the desired purchase value is designated as YA, and the purchase order transmitted by the user terminal is designated as the purchase order y. And if
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で構成要素Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when the matching means determines that the equation XA = YA is satisfied, establishes the financial transaction relating to the component A between the sell order x and the purchase order y, and completes the financial transaction. First updating means for respectively updating the xa and the ya on the financial instrument database according to the quantity of
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した構成要素Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction relating to the component A is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request related to a bilateral transaction of the component A, which has specified and transmitted the sales applicant X;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引又は前記相対取引が成立し、(K) the financial transaction or the bilateral transaction relating to the component A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant Y,
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、構成要素Ａの持高を抱えている前記資金調達者を資金調達者αとし、The purchaser Y in which the financial transaction or the bilateral transaction has been established is referred to as a purchaser Y, and the financing unit having the holding amount of the component A is referred to as a financing unit α,
構成要素Ａに付随する権利を権利ＡＲとし、構成要素Ａに付随する義務を義務ＡＯとする場合、If the rights attached to component A are rights AR and the obligations attached to component A are obligations AO,
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、(Vii) the financial product is composed of a plurality of components;
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
（ｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(X) the desired numerical value is a desired sales numerical value for the seller, and a desired purchase numerical value for the purchaser;
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、(A) the user terminal of the seller who wants the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望売付数量と、(3) the desired selling quantity of the one component;
（４）該１つの構成要素における希望売付数値とを、(4) The desired selling numerical value of the one component is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望買付数量と、(3) the desired purchase quantity of the one component;
（４）該１つの構成要素における希望買付数値とを、(4) The desired purchase numerical value of the one component is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
（１）売付希望者Ｘの利用者端末が指定した構成要素を構成要素Ａ、構成要素Ａにおける希望売付数量をｘａ、構成要素Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The component designated by the user terminal of the sales applicant X is designated as component A, the desired sale quantity in component A is designated as xa, the desired sale value in component A is designated as XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
（２）買付希望者Ｙの利用者端末が指定した構成要素を構成要素Ｂ、構成要素Ｂにおける希望買付数量をｙｂ、構成要素Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The component designated by the user terminal of the purchase applicant Y is designated as component B, the desired purchase quantity in component B is designated as yb, the desired purchase value in component B is designated as YB, and the user terminal is When the transmitted purchase order is a purchase order y,
構成要素Ａと構成要素Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the selling order x and the buying order y when the component A and the component B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when the matching means determines that the equation XA = YB is satisfied, establishes the financial transaction relating to the component A, that is, the component B, between the selling order x and the buying order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ａ又は構成要素Ｂに係る前記金融取引が成立しなかった場合に、(E) When the financial transaction relating to the component A or the component B is not established between the user terminal of the seller X and the user terminal of the buyer Y,
（１）売付希望者Ｘの利用者端末が送信した構成要素Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the component A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
（２）買付希望者Ｙの利用者端末が送信した構成要素Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request β pertaining to a bilateral transaction of component B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、(F) (1) The relative transaction request α received by the second receiving means is transmitted to the component A via at least one of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、(2) Sell the component B by sending the relative transaction request β received by the second receiving means via at least one of the communication network and the broadcast network via the broadcast server. Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で構成要素Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the component A is established between the seller terminal and the user terminal of the sales applicant X,
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the component B is established between the purchaser Y and the user terminal,
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the component A, that is, the component B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で構成要素Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the component A is established between the user terminal of the sale applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the sale applicant V. The bilateral transaction relating to the component B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、構成要素Ａ又は構成要素Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、The above-mentioned financing in which the purchaser Y in which the financial transaction or the bilateral transaction has been established is the purchaser Y, the purchaser W is the purchaser W, and the component A or the component B is held. Is the financing provider Z,
構成要素Ａ又は構成要素Ｂに付随する権利を権利ＣＲとし、構成要素Ａ又は構成要素Ｂに付随する義務を義務ＣＯとする場合、When the right attached to the component A or the component B is a right CR, and the obligation attached to the component A or the component B is an obligation CO,
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＣＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right CR to the buyer Y, the buyer W, or the funder Z occurs, and the user terminal of the buyer Y or the buyer W or the user terminal of the funder Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＣＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the buyer CO, the purchaser W, or the fund raiser Z fulfills the obligation CO, and the user terminal of the purchaser Y, the purchaser W, or the user terminal of the fund raiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、(Vii) the financial product is composed of a plurality of components;
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、(Viii) the financial transaction is the fund procurement for the procurement applicant, and is the fund management for the operation applicant;
（ｉｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) The desired value in the financial transaction is one or more desired values of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(X) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、(A) the user terminal of the procurement applicant who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望調達数量と、(3) the desired procurement quantity of the one component;
（４）該１つの構成要素における希望調達数値とを、(4) The desired procurement value of the one component is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the financing order received by the first reception means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(C) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
（１）前記１つの構成要素における希望運用数量と、(1) desired operation quantity of the one component;
（２）該１つの構成要素における希望運用数値とを、(2) The desired operation value of the one component is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the money management order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）調達希望者Ｘの利用者端末が指定した構成要素Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) The desired procurement quantity in the component A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the financing order transmitted by the user terminal is financing order x,
（２）運用希望者Ｙの利用者端末が指定した構成要素Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、(2) When the desired operation quantity in the component A specified by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund management order transmitted by the user terminal is the fund management order y. To
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で構成要素Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) When the matching means determines that the equation XA = YA is satisfied, the financial transaction relating to the component A is established between the financing order x and the fund management order y, and the established financial transaction is performed. First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した構成要素Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction relating to the component A is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y is procured. Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to the bilateral transaction of the component A, which has specified and transmitted the applicant X;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で構成要素Ａに係る前記金融取引又は前記相対取引が成立し、(K) the financial transaction or the bilateral transaction relating to the component A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
構成要素Ａに付随する権利を権利ＡＲとし、構成要素Ａに付随する義務を義務ＡＯとする場合、If the rights attached to component A are rights AR and the obligations attached to component A are obligations AO,
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）前記金融商品は、複数の構成要素より構成され、(Vii) the financial product is composed of a plurality of components;
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、(Viii) the financial transaction is the selling for the seller and the buying for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
（ｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(X) the desired numerical value is a desired selling numerical value for the selling applicant and a desired buying numerical value for the buying applicant;
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、(A) the user terminal of the seller who desires the financial transaction is
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望売建数量と、(3) the desired selling quantity of the one component;
（４）該１つの構成要素における希望売建数値とを、(4) The desired selling numerical value of the one component is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末が、A user terminal of the buyer who desires the financial transaction,
（１）前記金融商品と、(1) the financial product;
（２）該金融商品を構成する前記複数の構成要素のうち、１つの構成要素と、(2) one of the plurality of components constituting the financial product;
（３）該１つの構成要素における希望買建数量と、(3) desired purchase quantity of the one component;
（４）該１つの構成要素における希望買建数値とを、(4) The desired purchase numerical value of the one component is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
（１）売建希望者Ｘの利用者端末が指定した構成要素を構成要素Ａ、構成要素Ａにおける希望売建数量をｘａ、構成要素Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The component designated by the user terminal of the seller X is designated as component A, the desired selling quantity in component A is designated as xa, the desired selling value in component A is designated as XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
（２）買建希望者Ｙの利用者端末が指定した構成要素を構成要素Ｂ、構成要素Ｂにおける希望買建数量をｙｂ、構成要素Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The component designated by the user terminal of the purchase applicant Y is designated as component B, the desired purchase quantity of component B is designated as yb, the desired purchase value of component B is designated as YB, and the user terminal is If the transmitted purchase order is a purchase order y,
構成要素Ａと構成要素Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the component A and the component B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when it is determined by the matching means that the equation XA = YB holds, the financial transaction relating to the component A, that is, the component B, is established between the sell order x and the buy order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ａ又は構成要素Ｂに係る前記金融取引が成立しなかった場合に、(E) When the financial transaction relating to the component A or the component B is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
（１）売建希望者Ｘの利用者端末が送信した構成要素Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) accepting, via the communication network or the radio wave, a relative transaction request α related to the relative transaction of the component A transmitted by the user terminal of the seller X, or
（２）買建希望者Ｙの利用者端末が送信した構成要素Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the component B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、(F) (1) The relative transaction request α received by the second receiving means is transmitted to the component A via at least one of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、構成要素Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、(2) The relative transaction request β received by the second receiving means is sold via at least one of the communication network and the broadcast network via the broadcast server, and the component B is sold. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で構成要素Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the component A is established between the client terminal and the user terminal of the seller X,
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the component B is established with the user terminal of the purchase applicant Y,
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ａ即ち構成要素Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the component A, that is, the component B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で構成要素Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で構成要素Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the component A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the component B is established between the user Y and the user terminal
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
構成要素Ａ又は構成要素Ｂに付随する権利を権利ＣＲとし、構成要素Ａ又は構成要素Ｂに付随する義務を義務ＣＯとする場合、When the right attached to the component A or the component B is a right CR, and the obligation attached to the component A or the component B is an obligation CO,
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＣＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right CR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＣＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation CO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、(Vii) the plurality of financial products can be synthesized into one synthetic product;
（ｖｉｉｉ）該金融取引は、前記売出希望者にとっての前記売出であり、且つ、前記買入希望者にとっての前記買入であり、(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、割引率、利回り及び上乗せ利回りのうち、何れか１つ以上の希望数値であり、(Ix) The desired numerical value in the financial transaction is any one or more of a price, a discount rate, a yield, and an additional yield,
（ｘ）該希望数値は、該売出希望者にとっての希望売出数値であり、且つ、該買入希望者にとっての希望買入数値であり、(X) the desired numerical value is a desired sales numerical value for the sales applicant and a desired purchase numerical value for the purchase applicant;
（ａ）前記金融取引を希望する前記売出希望者の利用者端末が、(A) the user terminal of the selling applicant who desires the financial transaction,
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望売出数量と、(3) the desired sale quantity of the one synthetic product;
（４）該１つの合成商品における希望売出数値とを、(4) The desired sale numerical value of the one synthetic product is
含む注文内容を指定して送信した売出注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a sales order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売出注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order received by the first receiving means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該売出注文を開示する開示手段と、(C) Disclose the selling order to a user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means of disclosure;
（ｄ）前記開示手段によって該売出注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記買入希望者の利用者端末が、該売出注文を対象に、(D) Among the user terminals of the user for which the selling order has been disclosed by the disclosure means, the user terminal of the purchase applicant who has decided to participate in the financial transaction is targeted for the selling order. ,
（１）前記１つの合成商品における希望買入数量と、(1) desired purchase quantity of the one synthetic product;
（２）該１つの合成商品における希望買入数値とを、(2) The desired purchase numerical value of the one synthetic product is
含む注文内容を指定して送信した買入注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the purchase order transmitted by designating the order content including, via the communication network or the radio wave;
（ｅ）前記第２受付手段によって受け付けた該買入注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the purchase order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記売出注文と前記第２記憶手段によって格納した前記買入注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the selling order stored by the first storage means with the purchase order stored by the second storage means on the financial product database as a matching target;
（１）売出希望者Ｘの利用者端末が指定した合成商品Ａにおける希望売出数量をｘａ、希望売出数値をＸＡとし、該利用者端末が送信した前記売出注文を売出注文ｘとし、(1) Let xa be the desired sale quantity and XA be the desired sale value in the synthetic product A designated by the user terminal of the sale applicant X, and let the sale order transmitted by the user terminal be the sale order x,
（２）買入希望者Ｙの利用者端末が指定した合成商品Ａにおける希望買入数量をｙａ、希望買入数値をＹＡとし、該利用者端末が送信した前記買入注文を買入注文ｙとする場合に、(2) Let ya be the desired purchase quantity and YA be the desired purchase numerical value of the synthetic product A specified by the user terminal of the purchase applicant Y, and the purchase order transmitted by the user terminal is the purchase order y. And if
売出注文ｘと買入注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA holds between the sell order x and the buy order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、売出注文ｘと買入注文ｙとの間で合成商品Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction relating to the synthetic product A is established between the selling order x and the buying order y, and the financial transaction is established. First updating means for respectively updating the xa and the ya on the financial product database according to the quantity of
（ｈ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引が成立しなかった場合に、買入希望者Ｙの利用者端末が売出希望者Ｘを特定して送信した合成商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction relating to the synthetic product A is not established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y, the user terminal of the purchase applicant Y Third accepting means for accepting, via the communication network or the radio wave, a bilateral transaction request relating to a bilateral transaction of the synthetic product A, which has specified and transmitted the sales applicant X;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、買入希望者Ｙの識別子を付与して売出希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request accepted by the third accepting unit to the purchase applicant Y via any one or more of the communication network and the broadcast network via the broadcast server; Transmitting means for assigning an identifier and transmitting the identifier to the user terminal of the sales applicant X;
（ｊ）該相対取引要求を受信した売出希望者Ｘの利用者端末が、前記識別子を基に買入希望者Ｙの利用者端末と通信した結果、売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) The user terminal of the seller X who has received the bilateral transaction request communicates with the user terminal of the buyer Y based on the identifier, so that the user terminal of the seller X is purchased. When the bilateral transaction is established with the user terminal of the applicant Y,
売出希望者Ｘの利用者端末又は買入希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant X or the user terminal of the purchase applicant Y via the communication network or the radio wave,
（ｋ）売出希望者Ｘの利用者端末と買入希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引又は前記相対取引が成立し、(K) the financial transaction or the bilateral transaction relating to the synthetic product A is established between the user terminal of the sales applicant X and the user terminal of the purchase applicant Y,
該金融取引又は該相対取引が成立した買入希望者Ｙを買入者Ｙとし、合成商品Ａの持高を抱えている前記資金調達者を資金調達者αとし、The purchaser Y in which the financial transaction or the bilateral transaction has been established is defined as a purchaser Y, and the financing unit having the holding of the synthetic product A is defined as a financing unit α,
合成商品Ａに付随する権利を権利ＡＲとし、合成商品Ａに付随する義務を義務ＡＯとする場合、When the right attached to synthetic product A is right AR and the obligation attached to synthetic product A is obligation AO,
（１）買入者Ｙ又は資金調達者αに権利ＡＲを行使するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR to Buyer Y or Funder α occurs and information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. Receiving the event information via the communication network or the radio wave, or
（２）買入者Ｙ又は資金調達者αに義務ＡＯを履行するイベントが発生し、買入者Ｙの利用者端末又は資金調達者αの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which Buyer Y or Funder α fulfills the obligation AO, and the information of the event is notified from the user terminal of Buyer Y or the user terminal of Funder α. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、(Vii) the plurality of financial products can be synthesized into one synthetic product;
（ｖｉｉｉ）該金融取引は、前記売付希望者にとっての前記売付であり、且つ、前記買付希望者にとっての前記買付であり、(Viii) the financial transaction is the sale for the seller, and the purchase for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
（ｘ）該希望数値は、該売付希望者にとっての希望売付数値であり、且つ、該買付希望者にとっての希望買付数値であり、(X) the desired numerical value is a desired sales numerical value for the seller, and a desired purchase numerical value for the purchaser;
（ａ）前記金融取引を希望する前記売付希望者の利用者端末が、(A) the user terminal of the seller who wants the financial transaction is
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望売付数量と、(3) the desired selling quantity of the one synthetic product;
（４）該１つの合成商品における希望売付数値とを、(4) The desired selling numerical value of the one synthetic product is
含む注文内容を指定して送信した売付注文を、前記通信回線網又は前記電波を介して受け付け、Receiving the sales order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買付希望者の利用者端末が、A user terminal of the purchase applicant who desires the financial transaction,
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望買付数量と、(3) the desired purchase quantity of the one synthetic product;
（４）該１つの合成商品における希望買付数値とを、(4) The desired purchase numerical value of the one synthetic product is
含む注文内容を指定して送信した買付注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a purchase order transmitted by designating order contents including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売付注文及び該買付注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the selling order and the purchase order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売付注文と該買付注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the selling order and the buying order stored by the first storage means on the financial product database as matching targets,
（１）売付希望者Ｘの利用者端末が指定した合成商品を合成商品Ａ、合成商品Ａにおける希望売付数量をｘａ、合成商品Ａにおける希望売付数値をＸＡとし、該利用者端末が送信した前記売付注文を売付注文ｘとし、(1) The synthetic product designated by the user terminal of the sales applicant X is synthetic product A, the desired sales quantity of the synthetic product A is xa, the desired sales value of the synthetic product A is XA, and the user terminal is The transmitted sales order is referred to as a sales order x,
（２）買付希望者Ｙの利用者端末が指定した合成商品を合成商品Ｂ、合成商品Ｂにおける希望買付数量をｙｂ、合成商品Ｂにおける希望買付数値をＹＢとし、該利用者端末が送信した前記買付注文を買付注文ｙとする場合、(2) The synthetic product designated by the user terminal of the purchase applicant Y is synthetic product B, the desired purchase quantity of the synthetic product B is yb, the desired purchase numerical value of the synthetic product B is YB, and the user terminal is When the transmitted purchase order is a purchase order y,
合成商品Ａと合成商品Ｂとが一致するときに、売付注文ｘと買付注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the selling order x and the buying order y when the synthesized product A and the synthesized product B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売付注文ｘと買付注文ｙとの間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when the matching means determines that the equation XA = YB is satisfied, establishes the financial transaction relating to the synthetic product A, that is, the synthetic product B, between the selling order x and the buying order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
（ｅ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ａ又は合成商品Ｂに係る前記金融取引が成立しなかった場合に、(E) When the financial transaction relating to the synthetic product A or the synthetic product B is not established between the user terminal of the seller X and the user terminal of the buyer Y,
（１）売付希望者Ｘの利用者端末が送信した合成商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) The relative transaction request α related to the relative transaction of the synthetic product A transmitted by the user terminal of the sales applicant X is received via the communication network or the radio wave, or
（２）買付希望者Ｙの利用者端末が送信した合成商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the synthetic product B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ａの買付を希望する１以上の買付希望者Ｗの利用者端末へ売付希望者Ｘの識別子を付与して送信し、又は、(F) (1) The relative transaction request α received by the second receiving means is transmitted to the composite product A via one or more of the communication network and the broadcast network via the broadcast server. The user terminal of one or more purchase applicants W who wishes to purchase the product, with the identifier of the sale applicant X attached and transmitted, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ｂの売付を希望する１以上の売付希望者Ｖの利用者端末へ買付希望者Ｙの識別子を付与して送信する送信手段と、(2) Selling the synthetic product B via the at least one of the communication network and the broadcast network via the broadcast server, the relative transaction request β received by the second receiving unit. Transmitting means for assigning and transmitting an identifier of the purchase applicant Y to the user terminal of one or more sales applicants V who desires
（ｇ）（１）相対取引要求αを受信した買付希望者Ｗの利用者端末が、前記識別子を基に売付希望者Ｘの利用者端末と通信した結果、買付希望者Ｗの利用者端末と売付希望者Ｘの利用者端末との間で合成商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the purchaser W having received the bilateral transaction request α communicating with the user terminal of the seller X based on the identifier, the use of the purchaser W is determined. When the bilateral transaction relating to the synthetic product A is established between the seller terminal and the user terminal of the seller X,
買付希望者Ｗの利用者端末又は売付希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the purchase applicant W or the user terminal of the sale applicant X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売付希望者Ｖの利用者端末が、前記識別子を基に買付希望者Ｙの利用者端末と通信した結果、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the seller V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier, and as a result, When the bilateral transaction relating to the synthetic product B is established with the user terminal of the purchase applicant Y,
売付希望者Ｖの利用者端末又は買付希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the sale applicant V or the user terminal of the purchase applicant Y via the communication network or the radio wave;
（ｈ）売付希望者Ｘの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the synthetic product A, that is, the synthetic product B is established between the user terminal of the seller X and the user terminal of the buyer Y, or
売付希望者Ｘの利用者端末と買付希望者Ｗの利用者端末との間で合成商品Ａに係る前記相対取引が成立し、もしくは、売付希望者Ｖの利用者端末と買付希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立し、The above-mentioned bilateral transaction relating to the synthetic product A is established between the user terminal of the sales applicant X and the user terminal of the purchase applicant W, or the user wishes to purchase with the user terminal of the seller V. The bilateral transaction relating to the synthetic product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した買付希望者Ｙを買付者Ｙ、買付希望者Ｗを買付者Ｗとし、合成商品Ａ又は合成商品Ｂの持高を抱えている前記資金調達者を資金調達者Ｚとし、The above-mentioned financing in which the purchaser Y in which the financial transaction or the bilateral transaction has been established is the purchaser Y, the purchaser W is the purchaser W, and the holding of the synthetic product A or the synthetic product B is held. Is the financing provider Z,
合成商品Ａ又は合成商品Ｂに付随する権利を権利ＳＲとし、合成商品Ａ又は合成商品Ｂに付随する義務を義務ＳＯとする場合、When the right attached to the synthetic product A or the synthetic product B is the right SR and the obligation attached to the synthetic product A or the synthetic product B is the obligation SO,
（１）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに権利ＳＲを行使するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right SR to the buyer Y, the buyer W, or the funder Z occurs, and the user terminal of the buyer Y or the buyer W or the user terminal of the funder Z. When the information of the event is notified, the information of the event is received via the communication network or the radio wave, or
（２）買付者Ｙもしくは買付者Ｗ又は資金調達者Ｚに義務ＳＯを履行するイベントが発生し、買付者Ｙもしくは買付者Ｗの利用者端末又は資金調達者Ｚの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the obligatory SO is fulfilled for the purchaser Y, the purchaser W, or the fund raiser Z, and the user terminal of the purchaser Y or the purchaser W or the user terminal of the fund raiser Z. A second receiving unit that receives the event information via the communication network or the radio wave when the event information is notified from the
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、(Vii) the plurality of financial products can be synthesized into one synthetic product;
（ｖｉｉｉ）該金融取引は、前記調達希望者にとっての前記資金調達であり、且つ、前記運用希望者にとっての前記資金運用であり、(Viii) the financial transaction is the fund procurement for the procurement applicant, and is the fund management for the operation applicant;
（ｉｘ）該金融取引における希望数値は、価格、割引率、割増率、利率、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) The desired value in the financial transaction is one or more desired values of a price, a discount rate, a surcharge rate, an interest rate, a yield, an additional yield, and an exchange rate;
（ｘ）該希望数値は、該調達希望者にとっての希望調達数値であり、且つ、該運用希望者にとっての希望運用数値であり、(X) the desired numerical value is a desired procurement numerical value for the procurement applicant and a desired operation numerical value for the operation applicant;
（ａ）前記金融取引を希望する前記調達希望者の利用者端末が、(A) the user terminal of the procurement applicant who desires the financial transaction,
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望調達数量と、(3) the desired procurement quantity of the one synthetic product;
（４）該１つの合成商品における希望調達数値とを、(4) The desired procurement value of the one synthetic product is
含む注文内容を指定して送信した資金調達注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First receiving means for receiving the financing order transmitted by designating the order content including, via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該資金調達注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the financing order received by the first reception means in the financial product database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、特定又は不特定の前記利用者の利用者端末へ該資金調達注文を開示する開示手段と、(C) Disclose the financing order to the user terminal of the specified or unspecified user via any one or more of the communication network and the broadcast network via the broadcast server. Means for disclosure;
（ｄ）前記開示手段によって該資金調達注文を開示された該利用者の利用者端末のうち、前記金融取引への参加を決意した前記運用希望者の利用者端末が、該資金調達注文を対象に、(D) Among the user terminals of the user for whom the financing order has been disclosed by the disclosure means, the user terminal of the operation applicant who has decided to participate in the financial transaction is targeted for the financing order. To
（１）前記１つの合成商品における希望運用数量と、(1) the desired operation quantity of the one synthetic product;
（２）該１つの合成商品における希望運用数値とを、(2) The desired operation value of the one synthetic product is
含む注文内容を指定して送信した資金運用注文を、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、Second receiving means for receiving the fund management order transmitted by specifying the order content including, via the communication network or the radio wave,
（ｅ）前記第２受付手段によって受け付けた該資金運用注文を、前記金融商品データベースに格納する第２記憶手段と、(E) second storage means for storing the money management order received by the second reception means in the financial product database;
（ｆ）前記第１記憶手段によって格納した前記資金調達注文と前記第２記憶手段によって格納した前記資金運用注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(F) matching the financing order stored by the first storage means with the fund management order stored by the second storage means on the financial product database as a matching target;
（１）調達希望者Ｘの利用者端末が指定した合成商品Ａにおける希望調達数量をｘａ、希望調達数値をＸＡとし、該利用者端末が送信した前記資金調達注文を資金調達注文ｘとし、(1) The desired procurement quantity of the synthetic product A designated by the user terminal of the procurement applicant X is xa, the desired procurement value is XA, and the financing order transmitted by the user terminal is financing order x.
（２）運用希望者Ｙの利用者端末が指定した合成商品Ａにおける希望運用数量をｙａ、希望運用数値をＹＡとし、該利用者端末が送信した前記資金運用注文を資金運用注文ｙとする場合に、(2) In the case where the desired operation quantity of the synthetic product A designated by the user terminal of the operation applicant Y is ya, the desired operation value is YA, and the fund operation order transmitted by the user terminal is the fund operation order y. To
資金調達注文ｘと資金運用注文ｙとの間で等式ＸＡ＝ＹＡが成立するか否かを判別するマッチング手段と、Matching means for determining whether or not the equation XA = YA is satisfied between the financing order x and the fund management order y;
（ｇ）前記マッチング手段によって、等式ＸＡ＝ＹＡが成立すると判別した場合に、資金調達注文ｘと資金運用注文ｙとの間で合成商品Ａに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙａとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(G) when it is determined by the matching means that the equation XA = YA is satisfied, the financial transaction relating to the synthetic product A is established between the financing order x and the fund management order y, and the established financial transaction is performed. First updating means for respectively updating the xa and the ya on the financial instrument database in accordance with the number of transactions;
（ｈ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引が成立しなかった場合に、運用希望者Ｙの利用者端末が調達希望者Ｘを特定して送信した合成商品Ａの相対取引に係る相対取引要求を、前記通信回線網又は前記電波を介して受け付ける第３受付手段と、(H) When the financial transaction relating to the synthetic product A is not established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y, the user terminal of the operation applicant Y is procured. Third accepting means for accepting, via the communication network or the radio wave, a relative transaction request relating to the relative transaction of the synthetic product A transmitted by specifying the applicant X;
（ｉ）前記第３受付手段によって受け付けた該相対取引要求を、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、運用希望者Ｙの識別子を付与して調達希望者Ｘの利用者端末へ送信する送信手段と、(I) transmitting the relative transaction request received by the third receiving unit to the identifier of the operation applicant Y via at least one of the communication network and the broadcast network via the broadcast server; Sending means for sending to the user terminal of the procurement applicant X
（ｊ）該相対取引要求を受信した調達希望者Ｘの利用者端末が、前記識別子を基に運用希望者Ｙの利用者端末と通信した結果、調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で前記相対取引が成立した場合に、(J) As a result of the user terminal of the procurement applicant X receiving the bilateral transaction request communicating with the user terminal of the operation applicant Y based on the identifier, the user terminal of the procurement applicant X and the operation applicant When the bilateral transaction is established with the user terminal of Y,
調達希望者Ｘの利用者端末又は運用希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the procurement applicant X or the user terminal of the operation applicant Y via the communication network or the radio wave;
（ｋ）調達希望者Ｘの利用者端末と運用希望者Ｙの利用者端末との間で合成商品Ａに係る前記金融取引又は前記相対取引が成立し、(K) The financial transaction or the bilateral transaction relating to the synthetic product A is established between the user terminal of the procurement applicant X and the user terminal of the operation applicant Y,
該金融取引又は該相対取引が成立した調達希望者Ｘを資金調達者Ｘとし、運用希望者Ｙを資金運用者Ｙとし、A procurement applicant X in which the financial transaction or the bilateral transaction has been established is referred to as a fund raiser X, an operation applicant Y is referred to as a fund manager Y,
合成商品Ａに付随する権利を権利ＡＲとし、合成商品Ａに付随する義務を義務ＡＯとする場合、When the rights attached to synthetic product A are rights AR and the obligations attached to synthetic product A are obligations AO,
（１）資金調達者Ｘ又は資金運用者Ｙに権利ＡＲを行使するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) When an event for exercising the right AR occurs to the fund raiser X or the fund manager Y, and information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. Receiving the event information via the communication network or the radio wave, or
（２）資金調達者Ｘ又は資金運用者Ｙに義務ＡＯを履行するイベントが発生し、資金調達者Ｘの利用者端末又は資金運用者Ｙの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) When an event occurs in which the funder X or the fund manager Y fulfills the obligation AO, and the information of the event is notified from the user terminal of the fund raiser X or the user terminal of the fund manager Y. A second receiving means for receiving the event information via the communication network or the radio wave,
具備する金融取引サーバ。Financial transaction server to be equipped.
（ｉ）前記金融取引に関するデータを格納する金融商品データベースと接続され、(I) connected to a financial product database that stores data related to the financial transaction;
（ｉｉ）所定の放送サーバと接続され、(Ii) connected to a predetermined broadcast server,
（ｉｉｉ）前記複数の利用者端末における個々の利用者端末とは、通信回線網及び放送網のうち、何れか１つ以上のネットワークを介して接続され、(Iii) the individual user terminals of the plurality of user terminals are connected via any one or more of a communication line network and a broadcast network;
（ｉｖ）該複数の利用者端末のうち、放送受信端末を備えた利用者端末とは、該放送網を介して接続され、(Iv) among the plurality of user terminals, a user terminal having a broadcast receiving terminal is connected via the broadcast network;
（ｖ）該放送受信端末を備えた利用者端末へは、該放送サーバを経由し該放送網を介して、該金融取引に関するデータを送信し、(V) transmitting data related to the financial transaction to the user terminal equipped with the broadcast receiving terminal via the broadcast server and the broadcast network;
（ｖｉ）該個々の利用者端末からは、該通信回線網又は電波を介して、該金融取引に関するデータを受信し、(Vi) receiving data related to the financial transaction from the individual user terminal via the communication network or radio wave;
（ｖｉｉ）複数の前記金融商品は、１つの合成商品へ合成可能であり、(Vii) the plurality of financial products can be synthesized into one synthetic product;
（ｖｉｉｉ）該金融取引は、前記売建希望者にとっての前記売建であり、且つ、前記買建希望者にとっての前記買建であり、(Viii) the financial transaction is the selling for the seller and the buying for the buyer;
（ｉｘ）該金融取引における希望数値は、価格、金利、利回り、上乗せ利回り及び為替レートのうち、何れか１つ以上の希望数値であり、(Ix) the desired value in the financial transaction is any one or more of a price, an interest rate, a yield, an added yield, and an exchange rate;
（ｘ）該希望数値は、該売建希望者にとっての希望売建数値であり、且つ、該買建希望者にとっての希望買建数値であり、(X) the desired numerical value is a desired selling numerical value for the selling applicant and a desired buying numerical value for the buying applicant;
（ａ）前記金融取引を希望する前記売建希望者の利用者端末が、(A) the user terminal of the seller who desires the financial transaction is
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望売建数量と、(3) the desired selling quantity of the one synthetic product;
（４）該１つの合成商品における希望売建数値とを、(4) The desired selling numerical value of the one synthetic product is
含む注文内容を指定して送信した売建注文を、前記通信回線網又は前記電波を介して受け付け、Accepting the sold order transmitted by specifying the order content including, via the communication network or the radio wave,
前記金融取引を希望する前記買建希望者の利用者端末が、A user terminal of the buyer who desires the financial transaction,
（１）前記複数の金融商品と、(1) the plurality of financial products;
（２）該複数の金融商品が合成された１つの合成商品と、(2) one synthetic product in which the plurality of financial products are synthesized;
（３）該１つの合成商品における希望買建数量と、(3) the desired purchase quantity of the one synthetic product;
（４）該１つの合成商品における希望買建数値とを、(4) The desired purchase numerical value of the one synthetic product is
含む注文内容を指定して送信した買建注文を、前記通信回線網又は前記電波を介して受け付ける第１受付手段と、First accepting means for accepting a buy order transmitted by designating the order contents including the order via the communication network or the radio wave;
（ｂ）前記第１受付手段によって受け付けた該売建注文及び該買建注文を、前記金融商品データベースに格納する第１記憶手段と、(B) first storage means for storing the sell order and the buy order received by the first receiving means in the financial product database;
（ｃ）前記第１記憶手段によって格納した該売建注文と該買建注文とを、マッチングの対象として前記金融商品データベース上で突き合わせ、(C) matching the sell order and the buy order stored by the first storage means on the financial product database as matching targets,
（１）売建希望者Ｘの利用者端末が指定した合成商品を合成商品Ａ、合成商品Ａにおける希望売建数量をｘａ、合成商品Ａにおける希望売建数値をＸＡとし、該利用者端末が送信した前記売建注文を売建注文ｘとし、(1) The synthetic product designated by the user terminal of the selling applicant X is synthetic product A, the desired selling quantity of the synthetic product A is xa, the desired selling numerical value of the synthetic product A is XA, and the user terminal is The transmitted selling order is referred to as a selling order x,
（２）買建希望者Ｙの利用者端末が指定した合成商品を合成商品Ｂ、合成商品Ｂにおける希望買建数量をｙｂ、合成商品Ｂにおける希望買建数値をＹＢとし、該利用者端末が送信した前記買建注文を買建注文ｙとする場合、(2) The synthetic product designated by the user terminal of the purchase applicant Y is synthetic product B, the desired purchase quantity of the synthetic product B is yb, the desired purchase numerical value of the synthetic product B is YB, and the user terminal is If the transmitted purchase order is a purchase order y,
合成商品Ａと合成商品Ｂとが一致するときに、売建注文ｘと買建注文ｙとの間で等式ＸＡ＝ＹＢが成立するか否かを判別するマッチング手段と、A matching means for determining whether or not the equation XA = YB is established between the sell order x and the buy order y when the synthetic product A and the synthetic product B match;
（ｄ）前記マッチング手段によって、等式ＸＡ＝ＹＢが成立すると判別した場合に、売建注文ｘと買建注文ｙとの間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引を成立させ、成立した該金融取引の数量に従い前記ｘａと前記ｙｂとを前記金融商品データベース上でそれぞれ更新する第１更新手段と、(D) when it is determined by the matching means that the equation XA = YB holds, the financial transaction relating to the synthetic product A, that is, the synthetic product B, is established between the sell order x and the buy order y; First updating means for respectively updating the xa and the yb on the financial product database in accordance with the number of completed financial transactions;
（ｅ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ａ又は合成商品Ｂに係る前記金融取引が成立しなかった場合に、(E) When the financial transaction relating to the synthetic product A or the synthetic product B is not established between the user terminal of the buyer X and the user terminal of the buyer Y,
（１）売建希望者Ｘの利用者端末が送信した合成商品Ａの相対取引に係る相対取引要求αを、前記通信回線網又は前記電波を介して受け付け、又は、(1) accepting, via the communication network or the radio wave, a relative transaction request α related to the relative transaction of the synthetic product A transmitted by the user terminal of the seller X, or
（２）買建希望者Ｙの利用者端末が送信した合成商品Ｂの相対取引に係る相対取引要求βを、前記通信回線網又は前記電波を介して受け付ける第２受付手段と、(2) second accepting means for accepting, via the communication network or the radio wave, a relative transaction request β relating to the relative transaction of the synthetic product B transmitted by the user terminal of the purchase applicant Y;
（ｆ）（１）前記第２受付手段によって受け付けた相対取引要求αを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ａの買建を希望する１以上の買建希望者Ｗの利用者端末へ売建希望者Ｘの識別子を付与して送信し、又は、(F) (1) The relative transaction request α received by the second receiving means is transmitted to the composite product A via one or more of the communication network and the broadcast network via the broadcast server. To the user terminal of one or more purchase applicants W who wants to acquire the purchase and assigns the identifier of the seller X to the user terminal, or
（２）前記第２受付手段によって受け付けた相対取引要求βを、前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介し、合成商品Ｂの売建を希望する１以上の売建希望者Ｖの利用者端末へ買建希望者Ｙの識別子を付与して送信する送信手段と、(2) The relative transaction request β received by the second receiving unit is sold via one or more of the broadcasting networks via the communication line network and the broadcasting server. Transmitting means for assigning and transmitting an identifier of the buyer Y to one or more user terminals of the seller V who desires
（ｇ）（１）相対取引要求αを受信した買建希望者Ｗの利用者端末が、前記識別子を基に売建希望者Ｘの利用者端末と通信した結果、買建希望者Ｗの利用者端末と売建希望者Ｘの利用者端末との間で合成商品Ａに係る前記相対取引が成立した場合に、(G) (1) As a result of the user terminal of the buyer W having received the bilateral transaction request α communicating with the user terminal of the buyer X based on the identifier, the use of the buyer W is obtained. When the bilateral transaction relating to the synthetic product A is established between the customer terminal and the user terminal of the seller X,
買建希望者Ｗの利用者端末又は売建希望者Ｘの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信し、又は、Receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer W or the user terminal of the seller X via the communication network or the radio wave, or
（２）相対取引要求βを受信した売建希望者Ｖの利用者端末が、前記識別子を基に買建希望者Ｙの利用者端末と通信した結果、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立した場合に、(2) The user terminal of the buyer V who has received the bilateral transaction request β communicates with the user terminal of the buyer Y based on the identifier. When the bilateral transaction relating to the synthetic product B is established between the purchaser Y and the user terminal,
売建希望者Ｖの利用者端末又は買建希望者Ｙの利用者端末より通知された該相対取引の成立情報を、前記通信回線網又は前記電波を介して受信する第１受信手段と、First receiving means for receiving the establishment information of the bilateral transaction notified from the user terminal of the buyer V or the user terminal of the buyer Y via the communication network or the radio wave;
（ｈ）売建希望者Ｘの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ａ即ち合成商品Ｂに係る前記金融取引が成立し、又は、(H) the financial transaction relating to the synthetic product A, that is, the synthetic product B is established between the user terminal of the buyer X and the user terminal of the buyer Y, or
売建希望者Ｘの利用者端末と買建希望者Ｗの利用者端末との間で合成商品Ａに係る前記相対取引が成立し、もしくは、売建希望者Ｖの利用者端末と買建希望者Ｙの利用者端末との間で合成商品Ｂに係る前記相対取引が成立し、The bilateral transaction relating to the synthetic product A is established between the user terminal of the buyer X and the user terminal of the buyer W, or the user terminal of the buyer V and the buyer terminal The bilateral transaction relating to the synthetic product B is established with the user terminal of the party Y,
該金融取引又は該相対取引が成立した売建希望者Ｘを売建者Ｘ、買建希望者Ｙを買建者Ｙ、売建希望者Ｖを売建者Ｖ、買建希望者Ｗを買建者Ｗとし、Buyer X, Buyer Y, Buyer Y, Buyer V, Buyer V, and Buyer W who bought the financial transaction or the bilateral transaction, We assume builder W,
合成商品Ａ又は合成商品Ｂに付随する権利を権利ＳＲとし、合成商品Ａ又は合成商品Ｂに付随する義務を義務ＳＯとする場合、When the right attached to the synthetic product A or the synthetic product B is the right SR and the obligation attached to the synthetic product A or the synthetic product B is the obligation SO,
（１）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに権利ＳＲを行使するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信し、又は、(1) An event for exercising the right SR to the seller X or the seller V or the buyer Y or the buyer W occurs, and the user terminal of the seller X or the seller V or the buyer When the information of the event is notified from the user terminal of Y or the buyer W, the information of the event is received via the communication network or the radio wave, or
（２）売建者Ｘもしくは売建者Ｖ又は買建者Ｙもしくは買建者Ｗに義務ＳＯを履行するイベントが発生し、売建者Ｘもしくは売建者Ｖの利用者端末又は買建者Ｙもしくは買建者Ｗの利用者端末より該イベントの情報が通知されたときに、前記通信回線網又は前記電波を介して該イベントの情報を受信する第２受信手段とを、(2) An event occurs in which the seller X or the seller V or the buyer Y or the buyer W fulfills the obligation SO, and the user terminal of the seller X or the seller V or the buyer And a second receiving means for receiving the event information via the communication network or the radio wave when the event information is notified from the user terminal of Y or the buyer W.
具備する金融取引サーバ。Financial transaction server to be equipped.
（Ｉ）前記利用者及びシステム運営者の資金口座番号、資金口座残高を含む情報を格納する決済管理データベースと接続され、(I) connected to a settlement management database storing information including the fund account numbers and the fund account balances of the user and the system operator;
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
（ｉ）キャッシュフロー、追加証拠金及び余剰証拠金のうち、何れか１つ以上の金銭と、(I) at least one of cash flow, additional margin and surplus margin,
（ｉｉ）該金銭を支払う支払人と、(Ii) a payer who pays the money;
（ｉｉｉ）該金銭を受け取る受取人とを、(Iii) the receiver of the money;
含む資金決済情報が格納されており、Including the payment information,
（ａ）前記資金決済情報を読み出す認識手段と、(A) recognition means for reading the fund settlement information;
（ｂ）前記認識手段によって読み出した該資金決済情報を、前記金銭の前記支払人の利用者端末及び前記金銭の前記受取人の利用者端末へ通知する通知手段と、(B) notification means for notifying the fund settlement information read by the recognition means to a user terminal of the payer of the money and a user terminal of the beneficiary of the money;
（ｃ）該資金決済情報に基づいて、該支払人の資金口座から前記システム運営者の資金口座への該金銭の移転及び、該システム運営者の資金口座から該受取人の資金口座への該金銭の移転を実行し、少なくとも該支払人の資金口座番号の資金口座残高及び該受取人の資金口座番号の資金口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、(C) transferring the money from the payer's fund account to the system operator's fund account and transferring the money from the system operator's fund account to the payee's fund account based on the fund settlement information. Second updating means for executing money transfer and updating at least the fund account balance of the payer's fund account number and the fund account balance of the payee's fund account number on the settlement management database,
更に具備することを特徴とする金融取引サーバ。A financial transaction server, further comprising:
（Ｉ）前記利用者の資金口座番号、資金口座残高を含む情報を格納する決済管理データベースと接続され、(I) connected to a payment management database that stores information including the user's fund account number and fund account balance;
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
（ｉ）キャッシュフロー、追加証拠金及び余剰証拠金のうち、何れか１つ以上の金銭と、(I) at least one of cash flow, additional margin and surplus margin,
（ｉｉ）該金銭を支払う支払人と、(Ii) a payer who pays the money;
（ｉｉｉ）該金銭を受け取る受取人とを、(Iii) the receiver of the money;
含む資金決済情報が格納されており、Including the payment information,
（ａ）前記資金決済情報を読み出す認識手段と、(A) recognition means for reading the fund settlement information;
（ｂ）前記認識手段によって読み出した該資金決済情報を、前記金銭の前記支払人の利用者端末及び前記金銭の前記受取人の利用者端末へ通知する通知手段と、(B) notification means for notifying the fund settlement information read by the recognition means to a user terminal of the payer of the money and a user terminal of the beneficiary of the money;
（ｃ）該資金決済情報に基づいて、該支払人の資金口座から該受取人の資金口座への該金銭の移転を実行し、該支払人の資金口座番号の資金口座残高及び該受取人の資金口座番号の資金口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、(C) performing the transfer of the money from the payer's fund account to the payee's fund account based on the fund settlement information, and executing the transfer of the money to the payee's fund account number and the payee's fund account number; Second updating means for updating the fund account balance of the fund account number on the settlement management database,
更に具備することを特徴とする金融取引サーバ。A financial transaction server, further comprising:
（Ｉ）前記利用者及びシステム運営者の証券口座番号、証券口座残高を含む情報を格納する決済管理データベースと接続され、(I) connected to a settlement management database that stores information including securities account numbers and securities account balances of the user and the system operator;
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
（ｉ）対象商品である有価証券と、(I) securities that are the target products;
（ｉｉ）該有価証券を譲渡する譲渡人と、(Ii) a transferor transferring the securities;
（ｉｉｉ）該有価証券を譲り受ける譲受人とを、(Iii) a transferee who receives the securities;
含む証券決済情報が格納されており、Security settlement information, including
（ａ）前記証券決済情報を読み出す認識手段と、(A) recognition means for reading the securities settlement information;
（ｂ）前記認識手段によって読み出した該証券決済情報を、前記有価証券の前記譲渡人の利用者端末及び前記有価証券の前記譲受人の利用者端末へ通知する通知手段と、(B) notification means for notifying the security settlement information read by the recognition means to a user terminal of the transferor of the securities and a user terminal of the transferee of the securities;
（ｃ）該証券決済情報に基づいて、該譲渡人の証券口座から前記システム運営者の証券口座への該有価証券の移転及び、該システム運営者の証券口座から該譲受人の証券口座への該有価証券の移転を実行し、少なくとも該譲渡人の証券口座番号の証券口座残高及び該譲受人の証券口座番号の証券口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、(C) transferring the securities from the transferor's securities account to the system operator's securities account and transferring the securities from the system operator's securities account to the transferee's securities account based on the securities settlement information. Second updating means for executing the transfer of the securities and updating at least the securities account balance of the transferor's securities account number and the securities account balance of the transferee's securities account number on the settlement management database. ,
更に具備することを特徴とする金融取引サーバ。A financial transaction server, further comprising:
（Ｉ）前記利用者の証券口座番号、証券口座残高を含む情報を格納する決済管理データベースと接続され、(I) connected to a payment management database storing information including the user's securities account number and securities account balance;
（ＩＩ）前記金融商品データベースに、成立した前記金融取引、前記合同金融取引、前記相対取引又は前記合同相対取引における、(II) In the financial product database, in the completed financial transaction, the joint financial transaction, the bilateral transaction or the joint bilateral transaction,
（ｉ）対象商品である有価証券と、(I) securities that are the target products;
（ｉｉ）該有価証券を譲渡する譲渡人と、(Ii) a transferor transferring the securities;
（ｉｉｉ）該有価証券を譲り受ける譲受人とを、(Iii) a transferee who receives the securities;
含む証券決済情報が格納されており、Security settlement information, including
（ａ）前記証券決済情報を読み出す認識手段と、(A) recognition means for reading the securities settlement information;
（ｂ）前記認識手段によって読み出した該証券決済情報を、前記有価証券の前記譲渡人の利用者端末及び前記有価証券の前記譲受人の利用者端末へ通知する通知手段と、(B) notification means for notifying the security settlement information read by the recognition means to a user terminal of the transferor of the securities and a user terminal of the transferee of the securities;
（ｃ）該証券決済情報に基づいて、該譲渡人の証券口座から該譲受人の証券口座への該有価証券の移転を実行し、該譲渡人の証券口座番号の証券口座残高及び該譲受人の証券口座番号の証券口座残高を、前記決済管理データベース上でそれぞれ更新する第２更新手段とを、(C) executing the transfer of the securities from the transferor's securities account to the transferee's securities account based on the securities settlement information, the transferor's securities account number of the transferor's securities account number, and the transferee's Second updating means for respectively updating the securities account balances of the securities account numbers on the settlement management database,
更に具備することを特徴とする金融取引サーバ。A financial transaction server, further comprising:
（ｉ）資金運用の判断材料の提供を希望する運用参考資料提供者が作成する運用参考資料と、(I) operation reference materials prepared by an operation reference material provider who wishes to provide financial management judgment materials;
（ｉｉ）資金調達の判断材料の提供を希望する調達提案資料提供者が作成する調達提案資料と、(Ii) Procurement proposal materials prepared by a procurement proposal material provider who wishes to provide financing decision materials;
（ｉｉｉ）資金取引の判断材料の提供を希望する取引提案資料提供者が作成する取引提案資料と、(Iii) Transaction proposal materials prepared by a transaction proposal material provider who wishes to provide financial transaction judgment materials;
（ｉｖ）資金運用の評価を希望する運用評価者が作成する該運用評価者に係る自己紹介資料と、(Iv) self-introduction materials pertaining to the investment evaluator created by the investment evaluator who wishes to evaluate fund management;
（ｖ）資金調達の評価を希望する調達評価者が作成する該調達評価者に係る自己紹介資料と、(V) self-introduction materials pertaining to the procurement evaluator prepared by the procurement evaluator who wishes to evaluate funding;
（ｖｉ）資金取引の評価を希望する取引評価者が作成する該取引評価者に係る自己紹介資料とのうち、(Vi) out of self-introduction materials pertaining to the transaction evaluator prepared by the transaction evaluator who wishes to evaluate the fund transaction,
何れか１つ以上の資料を格納する配信資料データベースと接続され、Connected to a distribution material database that stores any one or more materials,
（ａ）（１）前記運用参考資料提供者の利用者端末が送信した前記運用参考資料を、(A) (1) The operation reference material transmitted by the user terminal of the operation reference material provider is
（２）前記調達提案資料提供者の利用者端末が送信した前記調達提案資料を、(2) The procurement proposal document transmitted by the user terminal of the procurement proposal document provider is
（３）前記取引提案資料提供者の利用者端末が送信した前記取引提案資料を、(3) The transaction proposal document transmitted by the user terminal of the transaction proposal document provider,
（４）前記運用評価者の利用者端末が送信した該運用評価者に係る自己紹介資料を、(4) The self-introduction material pertaining to the operation evaluator transmitted by the user terminal of the operation evaluator,
（５）前記調達評価者の利用者端末が送信した該調達評価者に係る自己紹介資料を、又は、(5) the self-introduction material pertaining to the procurement evaluator transmitted by the user terminal of the procurement evaluator, or
（６）前記取引評価者の利用者端末が送信した該取引評価者に係る自己紹介資料を、(6) The self-introduction material pertaining to the transaction evaluator transmitted by the user terminal of the transaction evaluator,
前記通信回線網又は前記電波を介して受信する第３受信手段と、Third receiving means for receiving via the communication network or the radio wave,
（ｂ）前記第３受信手段によって受信した（１）該運用参考資料、（２）該調達提案資料、（３）該取引提案資料、（４）該運用評価者に係る自己紹介資料、（５）該調達評価者に係る自己紹介資料、又は（６）該取引評価者に係る自己紹介資料を、前記配信資料データベースに格納する第４記憶手段と、(B) the operation reference material, (2) the procurement proposal material, (3) the transaction proposal material, (4) self-introduction material related to the operation evaluator, received by the third receiving means, (5) A) fourth storage means for storing the self-introduction material relating to the procurement evaluator or (6) the self-introduction material relating to the transaction evaluator in the distribution material database;
（ｃ）前記通信回線網及び前記放送サーバを経由した前記放送網のうち、何れか１つ以上のネットワークを介して、(C) via any one or more of the communication network and the broadcast network via the broadcast server,
（１）特定もしくは不特定の前記売出希望者、前記買入希望者、前記売付希望者、前記買付希望者、前記運用希望者、前記売出代行者もしくは前記運用代行者の利用者端末へ、該運用参考資料もしくは該運用評価者に係る自己紹介資料を配信し、(1) To a specific or unspecified user who wishes to sell, the person who wants to buy, the person who wants to sell, the person who wants to purchase, the person who wants to operate, the agent for selling, or the user terminal of the agent for selling Distribute the operation reference materials or self-introduction materials related to the operation evaluator
（２）特定もしくは不特定の前記調達希望者もしくは前記調達代行者の利用者端末へ、該調達提案資料もしくは該調達評価者に係る自己紹介資料を配信し、又は、(2) Distribute the procurement proposal material or the self-introduction material related to the procurement evaluator to the user terminal of the specified or unspecified procurement applicant or the procurement agent, or
（３）特定もしくは不特定の前記売建希望者、前記買建希望者もしくは前記取引代行者の利用者端末へ、該取引提案資料もしくは該取引評価者に係る自己紹介資料を配信する第２配信手段とを、(3) A second distribution for distributing the transaction proposal material or the self-introduction material relating to the transaction evaluator to the user terminal of the specific or unspecified seller, the buyer, or the transaction agent. Means and
更に具備することを特徴とする金融取引サーバ。A financial transaction server, further comprising:
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| JP2003391857A JP4548704B2 (en) | 2002-11-26 | 2003-11-21 | Transaction server, transaction program, and transaction support method |
Applications Claiming Priority (2)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| JP2002341739 | 2002-11-26 | ||
| JP2003391857A JP4548704B2 (en) | 2002-11-26 | 2003-11-21 | Transaction server, transaction program, and transaction support method |
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| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| JP2010057155A Division JP5204143B2 (en) | 2002-11-26 | 2010-03-15 | Transaction server, transaction program, and transaction support method |
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| Publication Number | Publication Date |
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| JP2004192624A JP2004192624A (en) | 2004-07-08 |
| JP2004192624A5 true JP2004192624A5 (en) | 2007-12-13 |
| JP4548704B2 JP4548704B2 (en) | 2010-09-22 |
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| US20060184444A1 (en) * | 2005-02-11 | 2006-08-17 | Mcconaughy Jon | Trading tool to enhance stock and commodity index execution |
| JP6840319B1 (en) * | 2019-09-24 | 2021-03-10 | スタンダードキャピタル株式会社 | Transaction information processing system |
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| JPH0896034A (en) * | 1994-09-27 | 1996-04-12 | Shosaku Kawai | On-line accounts settlement method for communication network |
| JP2000148837A (en) * | 1998-11-11 | 2000-05-30 | Hitachi Ltd | Stock transaction processing method utilizing electronic stock certificate |
| US7162447B1 (en) * | 2000-02-02 | 2007-01-09 | Itg Software Solutions, Inc. | Method and system for obtaining a discovered price |
| AU2000264753A1 (en) * | 2000-07-24 | 2002-02-13 | Institute Of Information Research | Monetary transaction system |
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