US 2019/0295174 A1 · AUTOMATIC COLLATERAL EXCHANGE FOR REHYPOTHECATED COLLATERAL

Abstract

In certain embodiments, concurrency related to rehypothecated allocations may be facilitated via pre-release locking of associated positions. In some embodiments, a request to release a collateral allocation may be obtained, where the collateral allocation is associated with (i) a rehypothecated position and (ii) a cloned position on a leg downstream of the rehypothecated position, and the cloned position is derived from the rehypothecated position. Based on the release request, one or more legs related to the collateral allocation may be traversed to locate and lock one or more positions on such related legs (e.g., including the cloned position of the downstream leg). Prior to release of the rehypothecated position, the cloned position of the downstream leg may be locked based on the release request. The release of the rehypothecated position may be performed to fulfill the release request in response to the cloned position of the downstream leg being locked.

Claims17

Dependent claims

A system for facilitating concurrency related to rehypothecated allocations via pre-release locking of associated positions, the system comprising:

a computer system comprising one or more processors programmed with computer program instructions that, when executed, cause the computer system to:
obtain a request to release a collateral allocation, the collateral allocation being associated with (i) a rehypothecated position and (ii) a cloned position on a leg downstream of the rehypothecated position, the cloned position being derived from the rehypothecated position;
traverse, based on the release request, one or more legs related to the collateral allocation to locate and lock the rehypothecated position and the cloned position of the downstream leg;
lock, based on the release request, both the rehypothecated position and the cloned position of the downstream leg prior to release of the rehypothecated position and prior to release of the cloned position;
and
perform the release of the rehypothecated position and the release of the cloned position of the downstream leg to fulfill the release request in response to a determination that both the rehypothecated position and the cloned position are locked.

3 more elements

A method comprising:

obtaining, by one or more processors, a request to release a collateral allocation, the collateral allocation being associated with (i) a rehypothecated position and (ii) a cloned position on a leg downstream of the rehypothecated position, the cloned position being derived from the rehypothecated position;
traversing, by one or more processors, based on the release request, one or more legs related to the collateral allocation to locate and lock the cloned position of the downstream leg;
locking, by one or more processors, based on the release request, the cloned position of the downstream leg prior to release of the rehypothecated position;
and
performing, by one or more processors, the release of the rehypothecated position to fulfill the release request in response to a determination that the cloned position of the downstream leg is locked.

2 more elements

A non-transitory, computer-readable storage media comprising instructions that, when executed by one or more processors, cause operations comprising:

obtaining a request to release a collateral allocation, the collateral allocation being associated with (i) a rehypothecated position and (ii) a cloned position on a leg downstream of the rehypothecated position, the cloned position being derived from the rehypothecated position;
traversing, based on the release request, one or more legs related to the collateral allocation to locate and lock the cloned position of the downstream leg;
locking, based on the release request, the cloned position of the downstream leg prior to release of the rehypothecated position;
and
performing the release of the rehypothecated position to fulfill the release request in response to a determination that the cloned position of the downstream leg is locked.

2 more elements

Dependencies are inferred from the claim text.

Automatic collateral exchange for rehypothecated collateral

Life of this patent

Automatic collateral exchange for rehypothecated collateral

Life of this patent

Abstract

Claims17