System and method for facilitating securites borrowing transactions

A networked computer system for facilitating transactions, the transactions comprising borrowing of securities, the system comprising:

• a database containing securities availability data;
• a client computer;
• a trading computer;
• and
• a server computer, wherein the server computer:
• receives a securities borrow request transmitted by the client computer;
• evaluates the securities borrow request based upon approval criteria, the approval criteria comprising availability of the requested securities, the availability being determined by the server computer utilizing the securities availability data;
• if possible based upon the evaluation, generates an approval determination;
• transmits to the client computer an indication of a status of the approval determination;
• if the approval determination could not be generated for a first portion of the securities borrow request based upon the approval criteria, transmits an indication to the trading computer of a pending status of the first portion, and receives from the trading computer a trading computer approval determination relating to the first portion, the trading computer approval determination having been entered into the trading computer;
• and
• if any portion of the securities borrow request is determined to be approved, causes the securities availability data in the database to be updated to reflect a decrease in securities availability resulting from the approval.

In a networked computer system comprising a server computer and a client computer, a method for facilitating transactions, the transactions comprising borrowing of securities, the method comprising:

• the client computer transmitting a securities borrow request to the server computer;
• the server computer receiving the securities borrow request and evaluating the securities borrow request based upon approval criteria, the approval criteria comprising availability of the requested securities, the availability being determined by the server computer utilizing securities availability data contained in a database accessed by the server computer;
• the server computer generating, based upon the evaluation, an approval determination;
• the server computer transmitting to the client computer an indication of the generated approval determination;
• and
• if any portion of the securities borrow request is determined to be approved, the server computer causing the securities availability data in the database to be updated to reflect a decrease in securities availability resulting from the approval.

In a networked computer system comprising a server computer, a client computer, and a trading computer, a method for facilitating transactions, the transactions comprising borrowing of securities, the method comprising:

• the client computer transmitting a securities borrow request to the server computer;
• the server computer receiving the securities borrow request and evaluating the securities borrow request based upon approval criteria, the approval criteria comprising availability of the requested securities, the availability being determined by the server computer utilizing securities availability data contained in a database accessed by the server computer;
• if possible based upon the evaluation, the server computer generating an approval determination;
• the server computer transmitting to the client computer an indication of a status of the approval determination;
• if the approval determination could not be generated for a first portion of the securities borrow request based upon the approval criteria, the server computer transmitting an indication to the trading computer of a pending status of the first portion, and receiving from the trading computer a trading computer approval determination regarding the first portion, the trading computer approval determination having been entered into the trading computer;
• and
• if any portion of the securities borrow request is determined to be approved, the server computer causing the securities availability data in the database to be updated to reflect a decrease in securities availability resulting from the approval.

A computer usable medium storing program code which, when executed on a computerized device, causes the computerized device to execute, in a networked computer system comprising a server computer, a client computer, and a trading computer, a method for facilitating transactions, the transactions comprising borrowing of securities, the method comprising:

• the client computer transmitting a securities borrow request to the server computer;
• the server computer receiving the securities borrow request and evaluating the securities borrow request based upon approval criteria, the approval criteria comprising availability of the requested securities, the availability being determined by the server computer utilizing securities availability data contained in a database accessed by the server computer;
• if possible based upon the evaluation, the server computer generating an approval determination;
• the server computer transmitting to the client computer an indication of a status of the approval determination;
• if the approval determination could not be generated for a first portion of the securities borrow request based upon the approval criteria, the server computer transmitting an indication to the trading computer of a pending status of the first portion, and receiving from the trading computer a trading computer approval determination, the trading computer approval determination having been entered into the trading computer;
• and
• if any portion of the securities borrow request is determined to be approved, the server computer causing the securities availability data in the database to be updated to reflect a decrease in securities availability resulting from the approval.