Computer system and a computerized method for central counterparty limit management

A computer implemented method comprising:

• receiving, by a processor from an asset manager computer device via a computer network coupled therebetween, an electronic indication of a proposed transaction for a financial instrument with at least one counterparty at an execution venue, coupled with the hub computer device via the computer network, to which a transaction in accordance with the proposed transaction is to be transmitted by the asset manager computer device via the computer network;
• storing in a memory in association with the asset manager computer device, data indicative of a total amount of available counterparty risk for the associated asset manager computer device;
• assigning a portion of the total amount of available counterparty risk to the proposed transaction and accounting therefore by reducing the total amount of available counterparty risk stored in the memory by the amount of the assigned portion;
• transmitting, via the computer network, data indicative of the assigned portion to the indicated execution venue and, subsequent thereto, transmitting, via the computer network, to the asset manager computer device from which the electronic indication was received, an indication that the portion has been assigned for the proposed transaction and sent by the hub computer device to the indicated execution venue via the computer network;
• and
• wherein a transaction in accordance with the proposed transaction transmitted by the asset manager computer device to the indicated execution venue is received thereby subsequent to receipt of the assigned portion of the total amount of available counter party risk from the hub computer device, thereby enabling the indicated execution venue to process the transaction.

A computer system comprising:

• a hub computer device coupled between an asset manager computer device and an execution venue via a computer network, the hub computer device configured to:
• receive, from the asset manager computer device, an electronic indication of a proposed transaction for a financial instrument with at least one counterparty at the execution venue to which a transaction in accordance with the proposed transaction is to be transmitted by the asset manager computer device via the computer network;
• store in the memory in association with the asset manager computer device, data indicative of a total amount of available counterparty risk for the associated asset manager computer device;
• assign a portion of the total amount of available counterparty risk to the proposed transaction and account therefore via a reduction of the total amount of available counterparty risk stored in the memory by the amount of the assigned portion;
• transmit, via the computer network, data indicative of the assigned portion to the indicated execution venue and, subsequent thereto, transmit, via the computer network, to the asset manager computer device from which the electronic indication was received, an indication that the portion has been assigned for the proposed transaction and sent by the hub computer device to the indicated execution venue via the computer network;
• and
• wherein a transaction in accordance with the proposed transaction transmitted by the asset manager computer device to the indicated execution venue is received thereby subsequent to receipt of the assigned portion of the total amount of available counter party risk from the hub computer device, thereby enabling the indicated execution venue to process the transaction.