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US 12,762,619 B2Granted
Controlling private credit transaction progression and settlement
AssigneeTRETE Inc.
InventorsDamien Patton, Christian Gratton
Life of this patent
Estimating the term…
Abstract
In certain aspects of the disclosure, a computer-implemented method includes receiving an initial order based on a user input. The method includes mapping out correct actions from the initial order to settlement. The method includes validating instructions at each action. The method includes recording data pertaining to permit the settlement of the transaction.
Claims14
A computer-implemented method comprising:
- accessing transaction data corresponding to a private credit transaction requesting transfer of at least a portion of private credit asset between a first entity and a second entity at an Alternative Trading System (ATS);
- prior to detecting initiation of the transaction and based on ATS rules and the transaction data, precomputing intended transaction stage output for a transaction stage of the private credit transaction and intended transaction results of the private credit transaction;
- detecting initiation of the private credit transaction at the ATS;
- and
- monitoring the private credit transaction at the ATS, including:
- digitally intercepting actual transaction stage output from the transaction stage;
- comparing the actual transaction stage output to the intended transaction stage output;
- gathering transaction stage comparison results from comparing the actual transaction stage output to the intended transaction stage output;
- digitally intercepting actual transaction results from performing the private credit transaction;
- comparing the actual transaction results against the precomputed intended transaction results;
- gathering transaction comparison results from comparing the actual transaction results against the precomputed intended transaction results;
- and
- controlling how the private credit transaction proceeds at the ATS based on the transaction stage comparison results and the transaction comparison results.
10 more elements
A system comprising;
- one or more processors;
- and
- system memory coupled to the one or more processors and storing instructions configured to cause the one or more processors to:
- access transaction data corresponding to a private credit transaction requesting transfer of at least a portion of private credit asset between a first entity and a second entity at an Alternative Trading System (ATS);
- prior to detecting initiation of the transaction and based on ATS rules and the transaction data, precompute intended transaction stage output for a transaction stage of the private credit transaction and intended transaction results of the private credit transaction;
- detect initiation of the private credit transaction at the ATS;
- and
- monitor the private credit transaction at the ATS, including:
- digitally intercept actual transaction stage output from the transaction stage;
- compare the actual transaction stage output to the precomputed intended transaction stage output;
- gather transaction stage comparison results from comparing the actual transaction stage output to the precomputed intended transaction stage output;
- digitally intercept actual transaction results from performing the private credit transaction;
- compare the actual transaction results against the precomputed intended transaction results;
- gather comparison results from comparing the actual transaction results against the precomputed intended transaction results;
- and
- control how the private credit transaction proceeds at the ATS based on the transaction stage comparison results and the transaction comparison results.
13 more elements
Dependencies are inferred from the claim text.