Network-based sub-allocation systems and methods for swaps
AssigneeJP Morgan Chase Bank
InventorsDaniel Bleunven, Eliane Karotsch, Christian Dalban, Andrew D J Miller
Life of this patent
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Abstract
Network-based systems and methods for hosting and operating a network-based platform that allows clients to open and build a portfolio-swap account that is subdivided into a plurality of client sub-accounts or funds. The methods and systems of the invention allow the client to sub-allocate equity-swap transactions among its various client sub-account or funds as the client deems appropriate.
Claims20
A computer-implemented method for sub-allocating swaps among accounts of a user, comprising:
- (a) providing a network-based platform through a programmable computer to the user, wherein the user accesses the network-based platform through an interface connected to the network-based platform, wherein the network-based platform comprises (i) the accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;
- (b) receiving, through the programmable computer, a selection made by the user through the interface of unallocated swaps to be allocated into the accounts;
- (c) identifying, through the programmable computer, selected swaps having the same underlying equities and purchased and the same day and then combining the identified swaps;
- and
- (d) sub-allocating, through the programmable computer, the selected swaps and the combined identified swaps from step (c) into the accounts of the user.
A system for sub-allocating swaps among accounts of a user comprising:
- (i) a memory storage device;
- (ii) a computer processor connected to the storage device;
- (iii) one or more computer software programs for controlling the computer processor;
- wherein the memory storage device and the processor are operative with the programs to:
- (a) provide a network-based platform accessible by the user through an interface connected to the network-based platform, the network-based platform comprising (i) the accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;
- (b) receive a selection made by the user of unallocated swaps to be allocated into the accounts;
- (c) identify selected swaps having the same underlying equities and purchased and the same day and combine the identified swaps;
- and
- (d) sub-allocate the selected swaps and the combined identified swaps from step (c) into the accounts of the user.
A computer readable medium programmed with computer software that is operative to cause a system comprising a memory storage device and a processor to:
- (a) provide a network-based platform accessible by a user through an interface connected to the network-based platform, the network-based platform comprising (i) accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;
- (b) receive a selection made by the user of unallocated swaps to be allocated into the accounts;
- (c) identify selected swaps having the same underlying equities and purchased and the same day and then combine the identified swaps;
- and
- (d) sub-allocate the selected swaps and the combined identified swaps from step (c) into the accounts of the user.
Dependencies are inferred from the claim text.