Methods and systems for netting of payments and collateral
AssigneeDepository Trust and Clearing Corp.
InventorPeter Axilrod
Life of this patent
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Abstract
The present invention generally provides for systems and methods for netting payments and collateral. Generally, systems and methods of the present invention maximize market liquidity and minimize financial risk and collateral burdens of participants.
Claims29
An automated method for netting payments or collateral obligations between participants, the method comprising the steps of:
- creating a round-round payment or collateral obligation structure between a plurality of participants, and
- settling the reduction of an amount of a payment or a collateral obligation of a first participant owed to a second participant.
A computer-based system for netting payments or collateral obligations between participants, the system comprising:
- a processor;
- and,
- a system for netting payments or collateral obligations between a plurality of participants.
A computer program product, tangibly embodied in an information carrier, for automated method for netting payments or collateral obligations between participants, the computer program product including instructions being operable to cause data processing apparatus to:
- create a round-round obligation structure, and
- settle the reduction of an amount of a payment or a collateral obligation for a first participant owed to a second participant.
Dependencies are inferred from the claim text.