Methods and systems for collateral matching and mark to market reconcilement

A platform-independent system of collateral matching and mark to market reconcilement using a global communications network, comprising:

• a transaction processor preprogrammed for receiving via the global communications network a first set of financial transaction data for at least one transaction from a first user and a second set of financial transaction data for the at least one transaction from a second user, wherein said financial transaction data comprises financial data and user instructional data,
• the transaction processor being preprogrammed for comparing the first set of financial transaction data with the second set of financial transaction data to determine a collateral match decision for the at least one transaction;
• the transaction processor being further preprogrammed for thereafter, iteratively receiving from the first user on succeeding periodic occasions a marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said first set of financial transaction data associated with said collateral match decision via the global communications network and iteratively receiving from the second user on each of said succeeding periodic occasions a marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said second set of financial transaction data associated with said collateral match decision via the global communications network;
• said the transaction processor being additionally preprogrammed for reconciling on each of said succeeding periodic occasions the received marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matched decision to the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision;
• the transaction processor being preprogrammed for providing on each of said succeeding periodic occasions a netted value between the received mark-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matched decision and the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision;
• and
• the transaction processor being further preprogrammed for receiving on at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the first user of the marked-to-market valuation for the first set of financial transaction data for the at least one transaction, a first set of financial transaction data for at least one new financial transaction from the first user and for receiving on said at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the second user of the marked-to-market valuation for the second set of financial transaction data for the at least one transaction, a second set of financial transaction data for the at least one new financial transaction from the second user and for comparing the first set of financial transaction data for the at least one new financial transaction with the second set of financial transaction data for at the at least one new financial transaction to determine a collateral match decision for the at least one new financial transaction.

A platform-independent automated collateral matching and mark to market reconcilement method for creating, managing, verifying, and confirming matched financial transactions, comprising:

• displaying a user module for viewing, selecting, inputting, and transmitting transaction data from a user to a network collateral matching and reconcilement system,
• receiving by a transaction processor via the global communications network a first set of financial transaction data upon submission by a first user for at least one transaction and a second set of financial transaction data upon submission by a second user for the at least one transaction;
• thereafter translating said received transaction data upon submission by said user;
• authenticating said transaction data upon submission by said user;
• storing said transaction data upon submission by said user;
• comparing by the transaction processor the first set of financial transaction data with the second set of financial transaction data according to collateral matching parameters to determine a matching outcome for the at least one transaction;
• thereafter iteratively receiving from the first user by the transaction processor on succeeding periodic occasions a marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome via the global communications network and iteratively receiving from the second user on each of said succeeding periodic occasions a marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome via the global communications network;
• reconciling by the transaction processor on each of said succeeding periodic occasions the received marked-to-market valuation the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome to the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome;
• providing by the transaction processor on each of said succeeding periodic occasions a netted value between the received mark-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome and the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome, and
• receiving by the transaction processor on at least one of said succeeding periodic occasions via the global communications network simultaneously with receipt from the first user of the marked-to-market valuation for the first set of financial transaction data for the at least one transaction, a first set of financial transaction data for at least one new financial transaction from the first user and receiving by the transaction processor on said at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the second user of the marked-to-market valuation for the second set of financial transaction data for the at least one transaction a second set of financial transaction data for the at least one new financial transaction from the second user and comparing by the transaction processor the first set of financial transaction data for the at least one new financial transaction with the second set of financial transaction data for at the at least one new financial transaction to determine a collateral matching outcome for the at least one new financial transaction.

A platform-independent automated collateral matching and mark to market reconcilement system for creating, managing, verifying, and confirming matched financial transactions, comprising:

• a transaction processor preprogrammed for displaying a user module for viewing, selecting, inputting, and transmitting transaction data from a user to a network collateral matching and reconcilement system,
• said transaction processor being preprogrammed for receiving via the global communications network a first set of financial transaction data upon submission by a first user for at least one transaction and a second set of financial transaction data upon submission by a second user for the at least one transaction;
• means for thereafter translating said received transaction data upon submission by said user;
• means for authenticating said transaction data upon submission by said user;
• means for storing said transaction data upon submission by said user;
• said transaction processor being further preprogrammed for comparing the first set of financial transaction data with the second set of financial transaction data according to collateral matching parameters to determine a matching outcome for the at least one transaction;
• said transaction processor being additionally preprogrammed for thereafter iteratively receiving from the first user on succeeding periodic occasions a marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome via the global communications network and iteratively receiving from the second user on each of said succeeding periodic occasions a marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome via the global communications network;
• said transaction processor being preprogrammed for reconciling on each of said succeeding periodic occasions the received marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome to the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome;
• said transaction processor being preprogrammed for providing on each of said succeeding periodic occasions a netted value between the received mark-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matching outcome and the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matching outcome;
• and
• said transaction processor being preprogrammed for receiving on at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the first user of the marked-to-market valuation for the first set of financial transaction data for the at least one transaction, a first set of financial transaction data for at least one new financial transaction from the first user and receiving by the transaction processor on said at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the second user of the marked-to-market valuation for the second set of financial transaction data for the at least one transaction, a second set of financial transaction data for the at least one new financial transaction from the second user and comparing by the transaction processor the first set of financial transaction data for the at least one new financial transaction with the second set of financial transaction data for at the at least one new financial transaction to determine a collateral matching outcome for the at least one new financial transaction.

A secure, platform-independent automated system for collateral matching and mark to market reconcilement, comprising:

• a network automated collateral matching and mark to market reconcilement system coupled to at least one communications network having a plurality of users and adapted for receiving financial transaction data;
• an interactive user module coupled with a network management system server connected to said communications network having a plurality of users;
• a plurality of client terminals coupled to said interactive user module for user interaction with said network automated collateral matching and mark to market reconcilement system;
• said network automated collateral matching and mark to market reconcilement system further comprising a transaction processor the transaction processor being preprogrammed for:
• receiving by the transaction processor via the global communications network a first set of financial transaction data for at least one transaction from a first user and a second set of financial transaction data for the at least one transaction from a second user, wherein said financial transaction data comprises financial data and user instructional data;
• comparing by the transaction processor the first set of financial transaction data with the second set of financial transaction data to determine a collateral match decision for the at least one transaction;
• thereafter, iteratively receiving from the first user by the transaction processor on succeeding periodic occasions a marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said first set of financial transaction data associated with said collateral match decision via the global communications network and iteratively receiving from the second user on each of said succeeding periodic occasions a marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to mark to market parameters for said second set of financial transaction data associated with said collateral match decision via the global communications network;
• reconciling by the transaction processor on each of said succeeding periodic occasions the received marked-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matched decision to the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision;
• providing by the transaction processor on each of said succeeding periodic occasions a netted value between the received mark-to-market valuation for the first set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said first set of financial transaction data associated with said collateral matched decision and the received marked-to-market valuation for the second set of financial transaction data for the at least one transaction marked to market according to the mark to market parameters for said second set of financial transaction data associated with said collateral matched decision;
• and
• receiving by the transaction processor on at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the first user of the marked-to-market valuation for the first set of financial transaction data for the at least one transaction, a first set of financial transaction data for at least one new financial transaction from the first user and receiving by the transaction processor on said at least one of said succeeding periodic occasions via the global communications network, simultaneously with receipt from the second user of the marked-to-market valuation for the second set of financial transaction data for the at least one transaction, a second set of financial transaction data for the at least one new financial transaction from the second user and comparing by the transaction processor the first set of financial transaction data for the at least one new financial transaction with the second set of financial transaction data for at the at least one new financial transaction to determine a collateral match decision for the at least one new financial transaction.