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Transfer system and method for transferring amounts in different local currencies between a plurality of local banking organization
| Details |
Inventors: Riboud, Jacques;
Assignee:
Primary Examiner: Stamber; Eric W.
Assistant Examiner: Robinson-Boyce; Akiba
Attorney, Agent or Firm: Drucker; William A.
To transfer a quantity measured in a first unit used by a first entity to a second entity using a second unit, these units being associated with a respective parameter varying as a function of time, the system according to the invention comprises: a means for determining a first operation taking into account variations in the parameter associated with the first unit, in order to convert the latter into a reference unit associated with a constant parameter; a means for applying the first operation to the quantity to be transferred, and for sending the converted quantity to the second system; a means for determining a second operation for converting the reference unit into the second unit, taking into account the variations of the parameter associated with said second unit; and a means for applying the second operation to the quantity in reference units and for transferring the quantity converted in the second system. |
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DETAILED DESCRIPTION According to the invention, each entity is associated with a respective peripheral computer connected to a central computer by means of a transmission network, each peripheral computer comprising: a means for determining a first conversion operation to convert the local unit of measurement, used by the associated entity, into a predetermined reference unit, and a second conversion operation for reciprocally converting the reference unit into the local unit of measurement used by the associated entity, the reference unit being associated with a parameter of constant real value, and these conversion operations taking into account previous variations of the parameter associated with the local unit of measurement, a first transfer means for transferring, to another entity, quantities measured in the local unit used by the entity, this means applying the first conversion operation to the quantity to be transferred so as to obtain the equivalent quantity in reference units, and transferring this quantity along with the indication specifying the entity for which said quantity is destined, via the transmission network to the central computer, and a second transfer means for transferring, from the central computer, quantities expressed in reference units, this means applying the second conversion operation to these quantities in order to obtain the equivalent quantity in the local units used by the associated entity, and transferring said equivalent quantity in local units to the associated entity via the transmission network, the central computer comprising a means for receiving and storing the quantities in reference units transferred by the peripheral computers of the entities, and for transmitting quantities expressed in reference units to the peripheral computers.
When the system according to the invention is applied to international commercial transactions, the local units correspond to national currencies, whereas the reference unit corresponds to a reference currency created to be stable, in terms of purchasing power, in one of the states whose national currency has been selected as a basis for conversion with the reference currency
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Finance 
