ContextMetrics/sup /spl trade//: semantic and syntactic interoperability in cross-border trading systems
Chito Jovellanos · 2004
We describe a method and system for quantifying the variances in the semantics and syntax of electronic transactions exchanged between business counterparties. ContextMetrics/sup /spl trade// enables (a) dynamic transformations of outbound and inbound transactions needed to effect 'straight-through-processing' (STP); (b) unbiased assessments of counterparty systems' capabilities to support STP; and (c) modeling of operational risks and financial exposures stemming from an enterprise's transactional systems.