KR101011142B1 - Securities lending transactions system - Google Patents

Abstract

PURPOSE: A balance transaction system is provided to configure a rental retail pool comprised of a plurality of rental accounts, thereby enabling a lender to obtain the profit by selling the stock during rental in real time. CONSTITUTION: A lender terminal(100) forms a loan retail pool. A lender account processor(150) manages accounts of lenders included in the loan retail pool. A loan transaction server(300) is configured with a loan transaction server(301) for lender providing loan transaction service to the lenders and loan transaction server(302) for buyer providing loan transaction service to borrowers. A loan integrated management server(400) manages authority and official fee between the loan retail pool and a borrower terminal by connecting the loan transaction server.

Description

Securities Lending Transactions System

The present invention relates to a lending system, and more particularly, to configure a lending retail pool consisting of a plurality of lending accounts, the lender can take a profit by selling the loan in real time, and there is no limitation on the lending transaction. The purpose is to provide.

Securities lending means that the lender who owns the securities undertakes a certain loan fee to transfer the ownership of the securities to the borrower who wants to borrow the securities, and the borrower shall return the same amount of securities. It means a kind of loan for consumption that is concluded by contract.

Securities lending is a trading contract between securities borrowers and lenders and is traded in the over-the-counter market, and only allowed to institutional investors (including foreigners), and fees or limits vary depending on the contract and the contractors. It becomes a security.

In these loan transactions, the right to dispose of the securities and the beneficiary rights are transferred to the borrower, who can receive economic benefits, such as dividends (cash, stocks), free stocks, bond interests, etc. To compensate.

Since the 1970s, the securities lending has been rapidly expanding as one of the new means of financial transactions. In other words, the initial lending was mainly used to settle the shortage due to settlement or short selling of trading transactions.However, the recent increase in derivative trading such as futures, options, and warrants led to the increase in arbitrage trading. It increased significantly by acting as a lubricant connecting the spot market.

Short selling is a transaction that seeks to gain profit by repurchasing and repaying at a low price in the future to sell or borrow securities that are not owned, and improve the efficiency of pricing by providing new information to the market. It provides a quantity of liquid to sell liquidity. In Korea, short-selling without the determination of borrowing, which is used by the majority of financial developed countries, is not allowed, and only the short-selling is allowed if the borrowing is confirmed. In the case of short selling of loaned shares without going through the Korea Securities Depository, there is no regulation on borrowing abroad after borrowing, and securities lending is expected to be more frequent.

Looking at general securities lending, lenders are domestic institutional investors or institutions such as annual funds, brokers are Korea Securities Depository or domestic securities firms, borrowers are hedge funds, global IBs, and domestic lenders. I am an institutional investor. The lender borrows shares from the broker, and the borrower borrows shares from the broker. The borrower pays the rental fee to the broker on the borrowed stock, and the lender receives the rental fee from the broker.

In conventional securities lending, institutions and institutions deal mainly with the lender and borrowers. In this case, the lender or borrower has a heavy burden by requiring a high rate of fees by monopolizing the loan transaction, and the contract period of the loan transaction is limited, which causes inconvenience in using the loan transaction.

In addition, when a dividend or capital increase occurred within the term of the loan contract, forced recall was very disadvantageous to the borrower, and even within the term of the loan contract, the lender was unable to recall the gap. As a result of a gap, there is a problem such that even if the stock price rises, it cannot be sold in real time.

The present invention has been made in view of the above, by constructing a rental retail pool consisting of a plurality of loan accounts to sell in real time to the renter's shares without making a recall in the case of dividends and free or free increase It aims to provide a lending system that can take profits and enables borrowers to maintain a continuous lending agreement, thereby limiting the lending transaction.
Another object of the present invention is to provide rental stocks stably by contributing to the stability of the stock market and strengthening the function of supply and demand control of the stock market by constructing a rental retail pool.
Still another object of the present invention is to enable stock loans of general private customers and to diversify investment means of general private customers.

The loan transaction system according to the present invention provided to achieve the above object manages the lender terminal 100, at least one borrower terminal 200, and the accounts of the lenders included in the lender terminal 100. And lender account processing unit 150 for processing a plurality of jobs, borrower account processing unit 250 for managing a borrower's account and processing a plurality of jobs, and a loan transaction server 300 for basic transaction management and processing in a loan transaction. In the loan transaction system comprising a), the lender terminal 100 is composed of a plurality of lender terminals to form a rental retail pool, and the lender account processing unit 150 is in the rental retail pool. The lender manages the account of the included lenders, and the lending transaction server 300 lending lenders to the lender lending server 301 and lenders to provide lending services to lenders. It is composed of a loan transaction server 302 for providing a service, the loan transaction system is linked with the loan transaction server 300, the balance integration to manage the rights and fees between the rental retail pool and the borrower terminal 200 Further comprising a management server 400, the lender can sell the loan in real time through the lender terminal, at the time of sale, the loan transaction server 300 receives the sell signal to sell the corresponding stock of the sell loan account By processing and re-lending the same amount of shares in the rental retail pool to the selling loan account that made the sale, a new loan transaction is automatically made in the system to lend the same amount of shares to the next-order lender. There is a first contract in the relationship with the retail pool and a second contract in the relationship with the borrower. When they were, characterized in that the second contract, which does not affect.

Here, the rental retail pool is composed of a plurality of accounts for which rental is applied, and when the borrower issues a loanable item, when the lender sells the loanable item, the loaner recalls the item that the borrower is renting. In this case, it is preferable to manage the loan account so that the borrower increases or decreases automatically in the case of applying for a loan.

In addition, when the lender has recalled, the loan transaction server 300 processes the stock in the lender's rental account, and the loan is re-loaned to the corresponding lending account which has recalled the same amount of stock in another rental retail pool lending account. It is good to manage.

On the other hand, the loan transaction server 300 is a rights management server 310 for managing and processing all rights relations between the lender and the borrower, such as dividends, paid / free increase; A fee management server 360 for managing and processing fees generated between the lender and the borrower; And, when the lender wants to borrow stocks, the collateral management server (380) for evaluating, managing and processing collateral such as securities or cash; In the case of subscribing to a pool, the rights management unit transfers and manages rights and interests in the loan account included in the rental retail pool, and transfers the borrower account through the loan transaction server 300 to the borrowing account when the borrower requests a loan. ; And a fee management unit 460 that receives and manages a corresponding fee from a borrower's borrowing account and deposits the loan in a rental retail pool through the loan transaction server 300 when the fee payment date arrives. The management unit 460 may receive a fee of the intermediary.

After the loan transaction server 300 concludes the transaction on the securities loan transaction, and when the reference date of the rights on the securities loan transaction arrives, the loan transaction server 300 performs the assignment of the rights on the securities loan transaction and the lender through the communication network. Notifying the terminal 100 and the borrower terminal 200, respectively, the assigned rights, and if the repayment of the rights from the borrower is confirmed through the borrower account processing unit 250, transfers it to the balance management server 400; Receiving the right reimbursed at the end of the loan transaction from the balance management server 400 and transferring it to the lender's account processing unit 150, and calculating the appropriate fee between the lender and the borrower from the borrower's account processing unit 250 Receives a predetermined fee and transfers it to the balance management server 400 and receives the fee from the balance management server 400 on the fee payment date. To deposit a predetermined fee to the woman account processing unit 150 for being preferred.

Here, the rights management server 310 is a lender terminal 100 connected to the rights management server 310 through the communication network, lender account processing unit 150, borrower terminal 200, borrower account processing unit 250 External interface processing unit 315 for performing data input and output with the balance integrated management server 400; A reference date processor 320 for checking the right change of the securities loan transaction on a daily basis through the ledger of the securities loan transaction; A rights processing unit 330 for determining and processing a change in rights according to the arrival of the base date of the securities loan transaction processed by the reference day processing unit 320; After the borrower notifies the borrower of the securities assigned by the rights processing unit 330 and the right of interest or the date of interest payment, the borrower receives the rights, interest and fees through the borrower account processing unit 250. Ledger processing unit 345 to transfer to the balance integrated management server 400 after the repayment and receive the details from the balance integrated management server 400 to the loan account repayment process; When the rights increase of the securities lending rights when the rights increase, the lender pays processing unit 340 to process the lender to pay the share according to the rights allocation of the corresponding stock items to obtain the share of the rights increase; And a stock information processing unit 350 for processing the occurrence information of the change in the right of the securities in the securities.

The rights processing unit 330 is a stock rights allocation processing unit 332 for allocating the right to the loan selected by reference day, reason, and stock for the stock; An assignment detail processing unit 334 for displaying the details of the details assigned by the stock rights allocation processing unit 332 on a screen according to a request of a participant such as the lender; And a sovereignty replacement processing unit 336 for processing corresponding to the case where the sovereignty is changed due to merging, splitting, potato, etc. in the stock.

Here, the fee management server 360 is a rental fee calculation unit 362 for calculating a fee for the rental item; A borrowing fee calculator 370 for calculating a fee for the borrowed item; A fee withdrawal processing unit 375 for withdrawing the fee calculated by the borrowing fee calculating unit 370 from the borrowing account through the borrower account processing unit 250; And a fee deposit processing unit 365 for depositing and processing the fee calculated by the rental fee calculating unit 362 in the loan account through the lender's account processing unit 150. It is preferable to manage the fee in the fee management unit 460 of the balance integrated management server 400 before the deposit to the loan account.

In addition, the mortgage management server 380 is a security evaluation unit (385) to function to request additional collateral payment if there is insufficient to evaluate the collateral provided by the borrower when applying for the loan of the borrower; And a borrowing item evaluation unit 390 that functions to determine whether the borrower's stock and quantity required by the borrower is sufficient when the borrower applies for the loan.

On the other hand, in the case of free capital increase, the ledger processing unit 345 notifies the lender terminal 100 or the borrower terminal 200 of the rights assigned by the right processing unit 330 through the customer notification system 500. When the borrower is repaid through the borrower account processing unit 250, after the transfer and management to the rights management unit 410 of the balance integrated management server 400, the ledger processing unit 345 sends the repayment details to the rights management unit Received from the (410) can be transferred to the lender account processor 150.

Similarly, in the case of paid-in capital increase, the ledger processing unit 345 notifies the lender terminal 100 or the borrower terminal 200 of the rights assigned by the rights processing unit 330 through the customer notification system 500 and the corresponding lender. Receives the request for subscription through the lender terminal 100, and after receipt of the loan details from the rights processor 340 of the rights management server 310, the borrower 345 borrows them. When the borrower is repaid through the borrower's account processing unit 250 and transferred to the rights management unit 410 of the balance management server 400, the ledger processing unit 345 notifies the details of the repayment. Received from the rights management unit 410 may be transferred to the lender account processing unit 150.

Here, the fee management server 360, the rental fee calculation unit 362 receives the information of the item and the quantity of the stock loaned by the lender terminal 100 to calculate the fee for the rental item, the borrowing When the fee calculator 370 calculates a fee for the borrowed item by receiving information on the item and the quantity of the stock borrowed from the borrower terminal 200, the fee withdrawal processor 375 is the borrower account processor 250. Withdraw the fee calculated from the borrowing account through, and the fee deposit processing unit 365 deposits the fee calculated in the loan account through the loan account processor 150, withdrawal processing from the borrowing account It is preferable that the fee management unit 460 of the balance integrated management server 400 manages the fee until the fee is received into the loan account.

In particular, the fee that can be received as a stock loan is paid by summing the amount calculated by the formula daily, and the formula is "daily rental valuation amount × rental fee rate ÷ 365", the rental stock valuation amount is "securities market or It can be calculated as "the closing price of the day x number of rental shares formed in the KOSDAQ market."

The collateral management server 380 analyzes the information on the borrowing item received through the borrower terminal 200 through the borrowing item evaluation unit 390, and determines whether sufficient quantity of stocks of the corresponding item is provided. The collateral evaluation unit 385 evaluates the information on the collateral, requests additional collateral for the shortage, and provides information on the shortage of the collateral to the borrower terminal 200 possessed by the borrower through the balance management server 400. It is desirable to deliver.

In the method of using the loan transaction system according to claim 1, which is another embodiment of the present invention, the method of configuring the rental retail pool includes a service for checking whether a loan agreement is available for a loan transaction if the lender wants to rent. Providing step (S110); Providing a service to make a rental agreement with a corresponding institution if the condition of step S110 is satisfied (S115); Providing a service for the institution to evaluate the items held by the loaned account (S118); Providing a service for checking the availability and quantity of items available for rental (S120); And providing a service to configure the rental retail pool when there is a rentable item (S125).

Here, the method for applying and processing the loan transaction includes providing a service for the borrower to apply for a loan through the borrower terminal 200 (S160); Providing a service to apply for the borrowing item and the quantity through the borrower terminal 200 (S165); If there is an application in step S165, determining whether the security for the item to be borrowed by the collateral evaluation unit 385 of the collateral management server 380 is sufficient (S170); If the security is sufficient in step S170, the borrowing item evaluation unit 390 determines whether the borrowing amount is sufficient for the rental retail pool (S180); And performing a loan transaction in the loan transaction server 300 when the borrowed amount is sufficient (S200).

In addition, when the security is not sufficient in step S170, the security management server 380 transfers information on the shortage of the security to the borrower terminal 200 possessed by the borrower through the balance integrated management server 400 Step (S174); And providing the service to re-apply the borrowing item and the quantity through the borrower terminal 200 when the borrowing amount is not sufficient in the rental retail pool in step S180 (S184). Do.

In the method of using the loan transaction system according to claim 1, which is another aspect of the present invention, the right management method of the loan transaction includes the step of determining the target transaction of the stock loan transaction by the reference day processing unit 320 (S220); A right processing unit 330 performing stock rights / interest allocation of the stock loan transaction (S230); The right processing unit 330 confirming and displaying an assignment specification for the participants of the stock loan transaction (S240); After the step S240, the ledger processing unit 345 notifies the participant of the determined assignment details through the lender terminal 100 or the borrower terminal 200 (S250); And, the borrower repays the rights according to the stock loan transaction in accordance with the notification assignment specification (S260), transfer and manage it in the rights management unit 410 of the integrated balance management server 400 (S270), Providing a service so that the lender receives it (S280);

In another embodiment of the present invention, the method of using the balance trading system according to claim 1, the rights management method of the balance transaction comprises the step of determining the target transaction of the stock loan transaction (S320); A right processing unit (330) performing the stock rights allocation of the stock loan transaction (S330); The right processing unit 330 confirming and displaying an assignment specification for the participants of the stock loan transaction (S340); After step S340, the ledger processing unit 345 notifies the participant of the determined assignment specification to the participant through the lender terminal 100 or the borrower terminal 200 (S350); After checking whether the loan is paid in full through the lender's account processing unit 150, transferring the payment to the borrower's account processing unit 250, thereby providing a service for the borrower to be assigned a stock right according to the paid-in capital increase ( S360); And, the borrower repays the rights according to the stock loan transaction in accordance with the notification assignment specification (S370), transfer and management in the rights management unit 410 of the balance management server 400 (S380), Providing a service to the lender to receive it (S390); preferably includes.

In addition, in the method of using the loan transaction system according to claim 1, the method for preventing payment failure of the rental retail pool includes selecting a loan item mainly on a large scale (S410); Lending only a predetermined ratio or less such as 30% to 80% of the rental retail pool after step S410 (S420); Monitoring the rental / borrowing stock ratio (S430); After the step S430, if the selling ratio in the rental retail pool of the stock rental quantity increases due to the selling of the lender, performing a step of re-lending from the intermediary institution (S440); After going through step S440, purchasing through the product account (S450); And performing a recall to the borrower when a payment default occurs after the execution of each step (S460).

According to the lending system according to the present invention, the lender can sell the loaned loan in real time to obtain a selling profit, and when the sale is recalled, the stock is replaced in the rental retail pool so that the borrower does not ask the borrower to terminate the contract. Convenience is increased, and the right change can be managed quickly and efficiently, so it is advantageous to protect the interests of lenders and borrowers. Securities firms, which are brokers, are convenient to manage increasing lending and borrowers. There is an effect that can increase.

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In addition, by supplying borrowed short sales when abnormal stock prices rise, it helps to reduce volatility due to supply and demand, contributes to the balanced development of loan transactions with credit loans, and forms a stable loan market by forming a retail pool around retail customers. It is effective in increasing the efficiency of the securities market by smoothing stock supply.
In addition, it is operated by collecting stocks of individual customers and lending them to institutional investors to extend securities lending to individual customers, and individual customers can get stable commission income of 2 ~ 5% per year. There is an effect that can be used.

The above objects, features and other advantages of the present invention will become more apparent by describing the preferred embodiments of the present invention in detail with reference to the accompanying drawings. Hereinafter, a loan transaction system according to an embodiment of the present invention will be described in detail with reference to the accompanying drawings.
The terms used in the stock trading system are as follows.
The term "lending" refers to a transaction in which a company borrows securities from a lender or borrows securities from a lender using a lending system operated by the company for the purpose of brokerage.
"General loan" means a loan transaction in which a person who wants to borrow a securities applies for a brokerage on the company's loan trading system, and the securities are loaned to the borrower according to the priority set by the company.
"Custom loan" means a loan transaction between the borrower and the lender in consultation with the terms of the loan transaction, such as the loan fee rate and the security ratio.
"Loan" means a person who borrows securities from a company. "Borrower" means a person who borrows securities from a company.
"Retail Pool" means the Pool of Shares that are available for rental by the Lender's application for a loan brokerage in the Lending System. By using the retail pool, lenders can sell stocks in real time, even if they are on loan.
Subject to "return, delivery or payment" means the same kind, the same quantity in the case of securities, and the same amount in the case of cash.
A "recall" is a termination of a loan transaction at the request of the lender prior to the end of the loan period. It is divided into an application recall and a sell recall (the real-time sale of the loaned stock).
"Application Recall" means the return of a loan on loan after T (application date) +2 days by requesting the borrower to make a repayment prior to the end of the loan transaction period.
A "sell recall" is a sale of a loan on a real-time basis, and the loan is returned after T (the date of application) + 2 days after the application recall, so it is not possible to sell the stock before it is available for sale. Through the lender's real-time selling.

The lending transaction in the present invention is divided into general loan and custom loan. A general loan means a loan transaction in which a company or an individual customer enters into the company's loan transaction system, and loans shares to the borrower according to the priorities set by the company. It means a lending transaction made under the company's supervision by lending agreement with borrowers on lending conditions such as loan fees and collateral ratios. Rental retail pool in the present invention can be applied to both general and custom loans.

In addition, the loan transaction in the present invention is the relationship between the loan retail pool and the balance management server 400 including the balance transaction server 300 and between the balance management server 400 and the borrower including the balance transaction server 300 It is divided into two relationships and is dualized.

1 is a block diagram showing a loan transaction system according to an embodiment of the present invention. As shown in FIG. 1, the loan transaction system according to the present invention manages a plurality of lender terminals 100, at least one borrower terminal 200, and accounts of lenders included in the lender terminal 100. Lender account processing unit 150 for processing the work, the borrower account processing unit 250 for managing the borrower's account and processing a plurality of tasks, the balance transaction server 300 for basic transaction management and processing in the loan transaction In the loan transaction system, the lender terminal 100 is composed of a plurality of lender terminals to form a rental retail pool, and the lender account processing unit 150 is included in the rental retail pool. Women's accounts are managed, and the loan transaction system is linked with the loan transaction server 300 to manage the rights and fees between the rental retail pool and the borrower terminal 200 It further includes an integrated management server 400, the lender can sell the loan in real time through the lender terminal, at the time of the loan transaction server 300 receives the sell signal at the time of selling the corresponding stock of the loan loan account Selling and managing to sell the same amount of shares in the rental retail pool to the selling loan account.
The loan transaction server 200 may be composed of a lender lending server 301 for providing a lending service to the lender and a lender lending server 302 for providing a lending service to the lender. This is to improve the efficiency of the overall loan transaction by providing a separate loan transaction service to the borrower.
Here, the lender side and the borrower side may further include balance fund account processing units 160 and 260 for managing the balance fund 180 provided for stock loans, respectively.

The lender terminal 100 and the borrower terminal 200 output the lender related rights information and the borrower related rights information regarding the securities lending transaction transmitted through the communication network to the lenders or borrowers included in the rental retail pool. It is responsible for notifying and receiving data for rights management from the lender or borrower.

In the present invention, a lender includes an individual or an institution, and as a borrower, a hedge fund, a global investment bank, a domestic institutional investor (operator, an advisor).

Here, the rental retail pool according to the present invention will be described in detail with reference to FIG. 2.

First, the rental retail pool means a total collection of stocks applied for rental by a retail individual or an institution that holds securities, such as stocks, by agreeing to a predetermined condition (registration registration). At this time, the contract will be made by account, and the loan application will be made for all stocks held in one account. There is no deadline here.

그림 1. 종래의 대차거래시스템
하지만, 본 발명에 따른 대차거래 시스템은 다(多) 대 1 방식으로 배정위주의 거래서비스를 제공하고, 대여 리테일풀과 대차거래 시스템 사이에 제 1 계약 및 대차거래 시스템과 차입자 사이에 제 2 계약이 각각 존재하여 양방향 계약의 성격을 갖는다. 이에 따라, 대차거래 시스템과 차입자 사이에 제 2 계약을 유지하는데 있어서, 제 1 계약 내에서 매도리콜, 신청리콜, 각종 제권리 신청 등이 발생하더라도 대여 리테일풀와 대차거래 시스템 내에서 해결되고, 제 2 계약은 어떠한 영향도 받지 않고 유지된다.

그림 2. 대여 리테일풀을 구비한 본 발명에 따른 대차거래시스템
상기와 같은 본 발명의 특징으로 인한 개선점은 다음과 같다. 종래의 대차거래 시스템에서는, 대여자가 대여 중인 주식을 매도하고자 하였을 때는 T(신청일)+2 일 이후에만 매도할 수 있다는 문제점이 있었다. 즉, 증권 시장의 경우 주식의 매수, 매도 체결시점보다 항상 T+2일이 늦은 결제이므로 주식이 대여 중일 경우에 리콜을 하게 되면 차입자는 당해 주식을 매수하여 상환하므로 항상 3일 후에 주식이 반환되어 대여자는 실질적으로 주식의 실시간 매도가 불가능하다는 문제점이 있었다.
하지만, 대여 리테일풀을 구비한 본 발명에 따른 대차거래시스템의 경우 대여 리테일풀 내 재대차가 가능하여 대여 중인 주식의 실시간 매도를 가능하게 하였다. 즉, 첫번째 대차거래 발생 시 대여자 A가 주식을 대여한 후, 주식을 실시간 매도하였을 경우, 새로운 대여자 B의 대차거래가 대차거래 시스템 내에서 자동으로 성립되어, 대여자 B와 차입자 사이의 대차거래 관계가 유지된다. 따라서 전체적으로 보았을 때에는 대여 리테일풀과 차입자 사이의 대차 거래는 연속된다고 할 수 있다.
다시 말하면, 대여자의 리콜 등으로 대여자와 차입자의 계약이 완료되었을 때, 종래의 대차거래시스템에서는 또 다른 대여자를 찾아서 새로운 계약을 맺어야 하지만, 본 발명에 따른 대여 리테일풀을 구비한 대차거래시스템에서는 계약된 주식종목의 또 다른 대여자가 대여 대기를 하고 있는 상황이기 때문에 즉각적으로 새로운 대여계약을 발생시켜 대차거래계약을 유지시킬 수 있고, 대여자는 언제든지 대여중인 주식을 실시간으로 매도할 수 있다. 또한 대여자의 주식 매도 시, 대여중인 주식을 대여 리테일풀에서 지속적으로 재대차 할 수 있으므로 차입자에 대한 상환요청이 불필요하며, 차입자는 지속적인 대차거래계약의 유지가 가능하다. 여기서 대여 리테일풀 내의 차순위 대여자에게 대여기회를 부여하여 이자수익의 기회를 줄 수 있고, 차입자는 안정적인 장기 차입의 기회를 부여할 수 있는 효과가 발생한다. The rental retail pool may be referred to as the total set of contracted lender accounts, 1) if the lender is entering or leaving a loanable item, 2) if the lender sells the loanable item, and 3) the lender is available for rental. In the case of recall, 4) the rental retail pool is increased or decreased in the case of borrower applying for loan.
When comparing the conventional loan trading system (Fig. 1) and the loan trading system (Fig. 2) according to the present invention having a rental retail pool having the characteristics as described above are as follows.
The conventional lending system concludes a one-to-one simple stock transfer agreement between the lender and the borrower, and serves as a simple brokerage rather than the subject of the contract. In other words, the lender and the borrower make the contract according to the quotation, and the lending system only plays the role of broker.

Figure 1. Conventional Lending System
However, the lending system according to the present invention provides a allocation-oriented transaction service in a multi-to-one manner, and the first contract between the rental retail pool and the lending system and the second contract between the lending system and the borrower. Each of these exists and has the nature of a two-way contract. Accordingly, in maintaining the second contract between the lending system and the borrower, even if a sell recall, an application recall, various application rights, etc. occur within the first contract, the loan retail pool and the lending system will be settled. The contract remains unaffected.

Figure 2. Lending system according to the present invention with a rental retail pool
Improvements due to the features of the present invention as described above are as follows. In the conventional lending system, when the lender intends to sell the loaned stock, it can be sold only after T (application date) + 2 days. That is, in the securities market, T + 2 days is always settled later than when the stock is bought or sold. If the stock is borrowed, the borrower buys the stock and pays it back. The lender had a problem that it was practically impossible to sell shares in real time.
However, in the loan transaction system according to the present invention having a rental retail pool, it is possible to re-rent in the rental retail pool, thereby enabling real-time selling of the loaned stock. That is, when lender A rents a stock at the first lending transaction and sells the stock in real time, a new lender B's lending is automatically established in the lending system, and the lending relationship between lender B and the borrower is maintained. do. Therefore, in total, the loan transaction between the rental retail pool and the borrower is continuous.
In other words, when the contract of the lender and the borrower is completed due to the recall of the lender, the conventional lending system should find another lender and make a new contract, but in the lending system with the rental retail pool according to the present invention, Since another lender of the stock shares is waiting to be rented, a new rental contract can be immediately generated to maintain the loan agreement, and the lender can sell the loaned stock at any time in real time. In addition, when the borrower sells the stock, the borrowing stock can be continuously re-lendered in the rental retail pool, so the borrower is not required to repay the borrower, and the borrower can maintain the loan contract. In this case, loan opportunities are given to second-order lenders within the rental retail pool, giving interest income opportunities, and borrowers have the effect of providing stable long-term borrowing opportunities.

A method of renting a specific number of shares from a plurality of accounts included in the rental retail pool will be described below with reference to Table 1 below.

Table 1 below shows six accounts (A-F) included in the rental retail pool, and when the quantity held in each account is as follows, 2600 shares are to be rented as an example. In Table 1, the initial allocation is proportional to each account. The minimum amount is basically allocated to all retail accounts that have a loan agreement, and then loaned by increasing the amount step by step. In the present Example, it distributed according to the order of 100-200-500-500-remaining amount (distribution differs according to the number of stocks.). In this case, the rental quantity distribution among the accounts having the same quantity in the rental retail pool may be distributed in the following order: 1) an account with which the rental agreement is registered quickly, and 2) an account with which the account is opened quickly. In addition, the rental retail pool may restrict the rental to only about 30-80% to enable the "real-time selling recall" described later.

TABLE 1

상기 <표 1>에 나타난 바와 같이 안분 비례 후, 대여자가 대여 중인 주식을 실시간으로 매도하는 경우를 <그림 1> 내지 <그림 4>를 참조하여 구체적으로 설명하면 다음과 같다.

<그림 1> (T-1일) 대여 전 상황
<그림 1>은 대여 리테일풀에 포함된 다수의 계좌를 나타낸 것으로서, 8개의 계좌가 대여 리테일풀에 포함되어 있고, 현재 "성진지오텍"이란 종목에 대하여 각각 100주씩 보유하고 있음을 알 수 있다. "대여수량"은 차입자에게 대여한 주식의 수량을 나타낸 것이고, "대여가능잔량"은 차입자에게 대여하고 남은 보유 주식의 수량을 나타낸 것이며, "대여비율"은 해당 종목에 대한 보유 주식 중 차입자에게 대여한 주식의 비율을 나타낸 것이다. (T-1일)에는 8개의 계좌 모두, 대여수량이 0이므로 주식을 대여하지 않았음을 알 수 있다.

<그림 2> (T일) 안XX 고객 100주 매도
<그림 2>는 8개의 계좌 중 "손XX, 허XX, 최XX, 백XX, 추XX, 안XX"의 6개의 계좌에서 각각 100주씩 대여되었고, 그 중 "안XX"이 대여중인 주식 100주를 실시간으로 매도하였음을 나타낸다(그림 2의 빨간색블록). 매도 당일에는 대여비율이 100%로 유지된다.

<그림 3> (T+1일)
<그림 3>을 살펴보면, (T+1일)에, "안XX"이 실시간으로 매도한 주식 100주가 대여수량이 아닌 대여가능잔량에 기록되고, 대여비율이 0%로 변경됨을 알 수 있다. 이와 더불어 대여 리테일풀 내의 다른 계좌인 "송XX"의 계좌에서 자동적으로 100주가 대여됨을 알 수 있다. "송XX"의 계좌에서 살펴보면, 대여가능잔량이 0%이고, 대여비율이 100%임을 나타낸다.

<그림 4> (T+2일) 결제처리로 안XX 고객 수량 삭제되고, 송XX 고객 물량이 대여분으로 들어감.
<그림 4>를 살펴보면, (T+2일)에 결제처리로 "안XX" 계좌의 정보가 삭제되고, "송XX" 계좌에서 100주가 대여분으로 들어감을 알 수 있다.
상기와 같이 <그림 1> 내지 <그림 4>를 살펴보면, 종래의 대차거래 시스템에서는, 대여자가 대여 중인 주식을 매도하고자 하였을 때는 T(신청일)+2 일 이후에만 매도할 수 있다는 문제점이 있었으나, 대여 리테일풀을 구비한 본 발명에 따른 대차거래시스템의 경우 대여 리테일풀 내 재대차가 가능하여 대여 중인 주식의 실시간 매도를 가능하게 함을 알 수 있다. 즉, 첫번째 대차거래 발생 시 대여자 "안XX"가 주식을 대여한 후, 주식을 실시간 매도하였을 경우, 새로운 대여자 "송XX"의 대차거래가 대차거래 시스템 내에서 자동으로 성립되어, 전체적으로 보았을 때에는 대여 리테일풀과 차입자 사이의 대차 거래가 연속됨을 알 수 있다.

As shown in <Table 1>, a case in which the lender sells the loaned stock in real time after the proportional ratio is described in detail with reference to <Figure 1> to <Figure 4>.

<Figure 1> (T-1 Day) Status before Rental
<Figure 1> shows the number of accounts included in the rental retail pool. Eight accounts are included in the rental retail pool, and it can be seen that the company currently holds 100 shares for the item “Seongjin Geotech”. "Loan Amount" indicates the quantity of shares borrowed to the borrower, "Rentable Amount" indicates the quantity of shares remaining after borrowing to the borrower, and "Rental Ratio" is loaned to the borrower among the shares held for the relevant item. It is the ratio of one stock. On (T-1), all eight accounts had zero loans, indicating that they did not borrow shares.

<Figure 2> (T Day) Sale of 100 Customers of AnXX
<Figure 2> shows 100 loans from each of the six accounts, "SonXX, HerXX, ChoiXX, BaekXX, ChuXX, and AnXX," among the eight accounts. It indicates that the week was sold in real time (red block in Figure 2). The rental ratio will remain at 100% on the day of sale.

<Figure 3> (T + 1 day)
If you look at Figure 3, you can see that, on (T + 1), 100 shares sold by AnXX in real time are recorded in the available balance, not in the rental volume, and the rental ratio changes to 0%. In addition, it can be seen that 100 shares are automatically loaned from the account of the song XX, another account in the rental retail pool. Looking at the account of "Song XX", the loan amount is 0%, the rental rate is 100%.

<Figure 4> (T + 2 days) The payment process will delete the customer's quantity of AnXX and the customer's quantity of SongXX will be entered into the loan.
If you look at <Figure 4>, you can see that the information of "AnXX" account is deleted by payment processing (T + 2 days), and 100 shares of the "SongXX" account are available for rental.
Looking at the <Figure 1> to <Figure 4> as described above, in the conventional lending system, when the lender wants to sell the shares in the loan, there was a problem that can be sold only after T (application date) + 2 days, In the case of the loan transaction system according to the present invention having a retail pool, it is possible to re-rent in the rental retail pool, thereby enabling real-time selling of the loaned stock. That is, when the lender "AnXX" rents a stock in real time after the first lending occurs, the lender of the new lender "SongXX" is automatically established in the lending system. It can be seen that the loan transaction between the pool and the borrower is continuous.

When the borrower's account processing unit 150 and the borrower's account processing unit 250 arrive at the base date of the right for securities lending, the borrower's and borrower's stock rights (dividends, free / free increase) are included in the rental retail pool. The processing for acquisition is carried out, or the processing for repayment and acquisition of the fee between the lender and the borrower is performed.

In the lending transaction, the lending server 300 of the present invention acquires the stock from the loan account included in the rental retail pool and transfers the stock to the borrowing account when the borrower requests a loan. In addition, the loan transaction server 300 receives a fee from the borrowing account and pays the loan account of the rental retail pool. In this case, the balance management server 400 separately provided receives and manages stocks and fees from the balance transaction server 300.

The loan transaction server 300 concludes a transaction on the securities loan transaction, and when the reference date of the rights on the securities loan transaction arrives, performs the rights assignment on the securities loan transaction, and then the terminal for the lender through the communication network. The 100 and the borrower terminal 200 notify each of the assigned rights. Then, if the repayment of the borrower from the borrower is confirmed through the borrower account processing unit 250, it is transferred to the balance integrated management server 400, and later received the loan reimbursed at the end of the balance transaction from the balance integrated management server 400 and rented Transfer to private account processing unit 150. In addition, the loan transaction server 300 calculates an appropriate fee between the lender and the borrower, receives a predetermined fee from the borrower account processing unit 250 and transfers it to the balance integrated management server 400, and the balance integrated management server ( Receive the fee from 400 and deposits a predetermined fee to the lender account processing unit 150.

Such a balance transaction server 300 and the balance integrated management server 400 will be described in detail with reference to FIGS. 3 to 8.

3 is a configuration diagram of the loan transaction server of FIG. 1, FIG. 4 is a configuration diagram of the rights management server of FIG. 3, FIG. 5 is a configuration diagram of the rights processing unit of FIG. 4, and FIG. 6 is a configuration of FIG. 3. FIG. 7 is a configuration diagram of the mortgage management server of FIG. 3, and FIG. 8 is a configuration diagram of the intermediary server of FIG. 1.

As shown in FIG. 3, the loan transaction server 300 includes a rights management server 310, a fee management server 360, and a security management server 380.

The first rights management server 310 manages the stock loaned by the lender, and transfers the stock to the borrower who wants the loan transaction. That is, it manages and processes all rights relations between the lender and the borrower, such as dividends and paid-in capital increase.

The fee management server 360 functions to receive the rental fee paid by the borrower and pay the rental fee to the lender. In other words, it manages and processes fees and taxes incurred between the lender and the borrower. In addition, the collateral management server 380 performs a function of evaluating, managing and processing collateral such as securities or cash collected by a securities company when a borrower intends to rent a stock.

As shown in Figure 4, the rights management server 310, the external interface processing unit 315, reference day processing unit 320, rights processing unit 330, loan subscription processing unit 340, ledger processing unit 345, stocks An information processing unit 350 is included.

Basically, the rights management server 310 transfers the stock from the rental retail pool, and transfers the stock to the borrower when the borrower requests a loan. At this time, the stock rights management unit 410 of the integrated balance management server 400 manages the stock until the borrowing application for the transferred stock.

The external interface processing unit 315 is a lender terminal 100 connected to the rights management server 310 through a communication network, lender account processing unit 150, borrower terminal 200, borrower account processing unit 250, balance integrated management Perform data input / output with the server 400.

The reference day processing unit 320 checks the change in the right of the securities loan transaction on a daily basis through the ledger of the securities loan transaction. In the case of stocks, the reference date is identified through information on changes in the rights of the stock, such as cash or stock dividend date, paid or free capital increase date, potato date, stock exchange date, merger date and split date.

The right processing unit 330 processes a change in rights according to the arrival of the base date of the securities loan transaction processed by the base date processing unit 320. For example, in the case of a stock, when the date of change of the right of the stock arrives, the right in accordance with the loan is allocated. That is, on the date of the cash or stock dividend, the borrower must repay all economic rights that the lender would have had if the lender had a loaned stock. Calculate and allocate cash or shares to do. The same applies to the date of free capital increase, potato date, sovereign exchange date, merger date and split date.

The ledger processing unit 345 notifies the borrower about the securities (stocks) assigned by the right processing unit 330 and the right of interest or interest (stock or cash) repayment date according to the corresponding loan transaction, and the borrower accounts for the borrower account processing unit. When the right, interest, and fee are repaid through the transfer to the right of rights management unit 410 and fee management unit 460 of the balance integrated management server 400, the corresponding details from the balance integrated management server 400 Receive the payment and repay it to the rental account.

When the lender's rights offering processing unit 340 assigns the rights of the securities loan transaction, the lender pays the share according to the rights allocation of the corresponding stock item so as to acquire the share of the paid-in capital increase. For example, the lender's subscription request quantity information is input for the corresponding item, the corresponding information is provided to the lender's terminal 100 so as to receive the price corresponding to the subscription request, and the loan processor's account processing unit 150 provides the information. After confirming the payment, the rights will be allocated to the rights issue.

The stock information processing unit 350 processes information on occurrence of a change in the right of the stock in the securities. For example, when the right information such as the reference date and the dividend date for a predetermined item is determined, the reference date, the dividend date and the dividend details (cash or stock) are processed, and the dividend day for each item to the reference date processor 320 and the right processor 330. And dividend history information. In this case, when the dividend payout is paid-up, the loan offer processing unit 340 also transmits the dividend date and dividend breakdown information for each item.

As shown in FIG. 5, the rights processing unit 330 includes a stock rights allocation processing unit 332, an assignment specification processing unit 334, and a replacement sovereignty processing unit 336.

The stock right allocation processing unit 332 assigns the right to the loan, which is selected by reference day, reason, and item, for the corresponding stock.

The allocation specification processing unit 334 displays the detailed specification details assigned by the stock rights allocation processing unit 332 on the screen at the request of the participant such as the lender. For example, the screen is displayed on the screen with items such as reference date, payment date, reason classification, participant, item, sort order, securities classification, and the like, and the detailed description is notified to the participant when the reference date arrives.

The sovereignty replacement processing unit 336 for each case processes the stock so as to correspond to the case where the sovereignty is changed due to mergers, splits, potatoes, and the like. In other words, if a cause such as merger, split, potato, etc. occurs, the contents of the loan transaction related to the relevant stock are changed. At this time, the transaction standard price due to the changed reason is input and the details of the right change according to the loan transaction are processed. For example, in the case of potatoes, item information, potato information, reference date information, and transaction reference price information are input, and when the payment date is reached, the borrower's rights variation is extracted and displayed on the screen.

Next, referring to FIGS. 1, 3 and 6, the fee management server 360 includes a rental fee calculator 362, a fee deposit processor 365, a borrow fee calculator 370, and a fee withdrawal processor 375. Include. Basically, the fee management server 360 receives a fee from the borrower and pays the fee to the lender.

The rental fee calculator 362 of the fee management server 360 calculates a fee for the rental item, and the borrowing fee calculator 370 calculates a fee for the borrowed item, respectively. The separately prepared fee withdrawal processing unit 375 processes the withdrawal of the fee calculated by the borrowing fee calculating unit 370 in the borrowing account through the borrower account processing unit 250, and the fee deposit processing unit 365 with the rental fee in the loan account. The fee calculated by the calculator 362 is deposited through the lender's account processing unit 150. At this time, until the fee withdrawn from the borrowing account is deposited into the loan account, the fee management unit 460 of the balance management server 400 manages the fee (see FIG. 10).

1, 3 and 7, the security management server 380 includes a security evaluation unit 385 and the borrowing item evaluation unit 390. The collateral evaluation unit 385 functions to request an additional collateral payment if the borrower evaluates the cash or stock provided by the borrower when the borrower applies for the loan, and the borrowing item evaluation unit 390 applies the borrower when the borrower applies for the loan. Function to determine whether the stocks and quantities of stocks required by the

8 illustrates a configuration of the balance integrated management server 400 in the configuration of FIG. 1. Balance integrated management server 400 is composed of a rights management unit 410 and a fee management unit 460 for managing shares and interest. When the lender joins the rental retail pool, the rights management unit 410 transfers and manages the rights and interests in the rental account included in the rental retail pool, and the borrower through the loan transaction server 300 when the borrower applies for the loan. Transfer to. Even in the case of the end of the loan transaction and the increase in free / free of charge, the rights management unit 410 manages the stocks and interests and transfers them to the borrower's borrowing account through the loan transaction server 300. In addition, the fee management unit 460 transfers and manages the corresponding fee from the borrower's borrowing account, and deposits it into the rental account of the rental retail pool through the loan transaction server 300 when the fee is due. In this case, the fee management unit 460 may take a profit of the brokerage agency.

9 is a block diagram showing rights management of the loan transaction system according to the present invention. Referring to Figure 9, when the rights change, such as dividends or free increase during the loan transaction, lender terminal 100, borrower terminal 200, rights management server 310, the balance management server 400 The relationship between these is shown concretely.

In the case of dividends, the ledger processing unit 345 notifies the borrower, and withdraws the balance and transfers it to the rights management unit 410 of the integrated balance management server 400 even if the borrower does not repay or repay the loan through the borrower account processing unit 250. And after the management deposits to the lender account processing unit 150.

In the case of a free increase, the ledger processing unit 345 notifies the lender terminal 100 or the borrower terminal 200 of the rights assigned by the rights processing unit 330 through a customer notification system 500 such as an external interface processing unit 315. do. After the borrower is repaid through the borrower's account processing unit 250, the ledger processing unit 345 transfers the repayment details to the borrower's account processing unit 150 after the transfer and management to the rights control unit 410 of the balance management server 400. Transfer it to

In the case of paid-in capital increase, the ledger processing unit 345 notifies the lender terminal 100 or the borrower terminal 200 of the rights assigned by the rights processing unit 330 through the customer notification system 500 such as the external interface processing unit 315. do. The lender receives an application for a subscription through the lender terminal 100, and after receiving the loan details from the rights processing unit 340 of the rights management server 310, the lender performs a request to the borrower. When the borrower is repaid through the borrower's account processing unit 250, the ledger processing unit 345 transfers and manages the repayment details to the lender's right management unit 410 of the balance management server 400. ).

10 is a block diagram showing the fee management of the loan transaction system according to the present invention. Referring to FIG. 10, the configuration of the fee management server 360 and the balance integrated management server 400 and the relationship between the rental retail pool and the borrower in the balance transaction are shown in detail.

In the loan transaction, the fee management server 360 determines the stocks of the stocks to be rented and the rental quantity through the lender terminal 100, and receives information on the stocks and the quantity of stocks to be borrowed through the borrower terminal 200. .

That is, the rental fee calculation unit 362 of the fee management server 360 receives the information of the item and the quantity of the stock loaned by the lender terminal 100 to calculate the fee for the rental item. In addition, the borrowing fee calculating unit 370 of the fee management server 360 receives the information of the item and the quantity of stock borrowed from the borrower terminal 200 to calculate the fee for the borrowing item. Thereafter, the fee withdrawal processing unit 375 withdraws the fee calculated from the borrowing account through the borrower account processing unit 250, and the fee deposit processing unit 365 withdraws the fee calculated to the loan account through the loan account processing unit 150. Make a deposit.

At this time, until the fee withdrawn from the borrowing account is deposited into the loan account, the fee management unit 460 of the balance management server 400 manages the fee.

The actual fees paid by stock loans are paid daily by adding up the amount calculated by the formula. The formula is "daily loan valuation amount × rental fee rate ÷ 365", and the rental valuation amount is calculated as "the closing price of the day of the day formed in the securities market or KOSDAQ market x the number of loan shares." The company decides and publishes accordingly. The rental fee rate in the present invention can be determined in consideration of various fees, such as the commission rate to be presented when the borrower is applying for borrowing, the commission rate formed in the market, the competitive price of the depository.

11 is a block diagram showing collateral management of the loan transaction system according to the present invention. Referring to FIG. 11, the relationship between the borrower terminal 200 and the collateral management server 380 is shown in detail.

During the loan transaction, the borrower provides the security management server 380 of the loan transaction server 300 with information on the item and quantity of the stock to be borrowed and the collateral information through the borrower terminal 200. The borrowing item evaluation unit 390 of the collateral management server 380 analyzes the information on the borrowing item received through the borrower terminal 200, and determines whether sufficient quantity of stocks of the corresponding item is provided. In addition, the collateral evaluation unit 385 of the collateral management server 380 evaluates the information on the collateral to request additional collateral payment for the shortage. The collateral management server 380 transmits information on the shortage of the collateral to the borrower terminal 200 possessed by the borrower through the customer notification system 500 such as the external interface processor 315.

12 is a block diagram of each subject during a recall recall of the loan transaction system according to the present invention. Referring to FIG. 12, when a sell recall occurs during a loan transaction, the relationship between the rental retail pool and the loan transaction server 300 is described in detail.

The recall system generally means ending the loan transaction by applying for a stock return on the lender's unilateral request before the end of the loan period. The recall system in the present invention is divided into an application recall, a concept used in a conventional loan transaction, and a sell recall, a new concept in the present invention. An application recall is one of the rights granted to the lender during a stock loan transaction.If the rental stock suddenly rises or if the right (dividend, paid / free, etc.) occurs, the lender terminates the rental agreement and manages the returned stock. Say what you can do. In general, when the application is recalled, the stock is returned two to four days after the request date, which has a disadvantage in that the time difference and the request date of the customer occur. In particular, in the securities firms' lending system, the lender could not recall the stock at all, so the lender could not sell it at the right time when the stock surged.

In order to solve this problem, the present invention uses a system of selling recall in parallel, wherein selling recall means that the borrower can "sell the loans in real time" in the rental account included in the rental retail pool. As soon as the loan is included in the rental retail pool, a fee will be generated even for one day, and the lender manages to fill the selling quantity in another rental account of the rental retail pool even if the seller sells first.

Referring to FIG. 12, when the lender performs an application recall or a sell recall through the lender terminal 100, the loan transaction server 300 receives the signal and sells the same, and the same amount in another rental retail pool rental account. Transfers shares of the shares to the selling loan account in which the sale was recalled. This is to preserve the rights of borrowers who borrowed shares. In other words, if the lender sells a pool, the lender sells the loan in real time, instead of returning the borrower.

This makes it possible to "loan without interruption", so that there is no interruption and the borrower can earn a continuous rental fee. In the rental retail pool, you can limit the loan to 30-80% so that you can "recall real-time loans." Since the rental retail pool is not fully rented, there is enough room for dividends (cash dividends, stock dividends, cash and stock dividends) and the most common dividends. The borrower can easily receive it according to the function of each component of the loan transaction server 300. If the shares sold here are not preserved in another rental retail pool loan account, the borrower's borrowing account and repayment transaction will occur. In addition, during the application recall, if the stock is randomly included in the rental retail pool after the recall, it may be impossible to use the borrower's needs, so that the stock may be excluded from the retail pool for a predetermined period (2 to 3 days).

Hereinafter, the order of lending transactions according to the present invention will be described with reference to FIG. 13. Figure 13 shows a flow chart showing the basic process (PROCESS) of the loan transaction in accordance with the present invention. If the lender wants to rent, after providing the service to check whether the rental agreement is possible for the loan transaction (S110), if the conditions are satisfied, the service is provided to enter into a rental agreement with an institution such as a securities company (S115). The institution provides a service for evaluating the items held by the rental account (S118), and provides a service for checking the availability and quantity of the items available for rental (S120). If there is a rentable item exists to configure a rental retail pool (S125).

If the borrower wants to borrow, after providing the service to check whether the loan commitment is possible for the loan transaction (S130), if the conditions are satisfied, the service provides a service agreement to make a loan agreement with the relevant securities firms (S135). After the borrowing agreement, the borrower provides a service to set up the collateral through the borrowing account (S140), and the securities held by the borrower and the cash held by the collateral evaluation unit 385 (S145). Thereafter, the service is provided to check whether the securities held by the securities evaluated as possible (S148) and, if possible, to set the security (S150). Thereafter, a service is provided to calculate an evaluation amount of the collateral (S155).

After the above process, the borrower provides a service to apply for a loan through the borrower terminal 200 (S160), and provides a service to apply for the borrowing item and the quantity through the borrower terminal 200 (S165). If there is an application, the collateral evaluation unit 385 of the collateral management server 380 determines whether the collateral for the item to be borrowed is sufficient (S170).
If the collateral is sufficient in step S170, the same amount as the borrowed stock is applied to the loan fund 180 (S201), and the borrowing stock evaluation unit 390 determines whether the borrowing amount is sufficient for the rental retail pool (S202). In step S202, if the borrowed amount is not sufficient, the process returns to step S165 (S203). If the borrowed amount is sufficient, the borrower lends the borrowed amount as much as the borrowed amount (S204), and again determines whether the quantity of the loan fund 180 is sufficient. (S180).
If the amount of the balance fund 180 is sufficient in step S180, the balance transaction server 300 performs the balance transaction (S200). If the collateral is not sufficient in step S170, the collateral management server 380 is information on the lack of collateral to the borrower terminal 200 possessed by the borrower through the balance integrated management server 400, such as the external interface processing unit 315 In step (S174), if the borrowing amount is insufficient in the rental retail pool in step S180, through the borrower terminal 200 provides a service to re-apply the borrowing item and the quantity (S184).

Next, with reference to Figs. 14 and 15, the securities lending rights management method will be described. 14 is a flowchart illustrating a method for managing a loan right in accordance with an embodiment of the present invention, and FIG. 15 is a flowchart illustrating a method for managing a rights in a loan according to another embodiment of the present invention.

Referring to FIG. 14, first, the reference day processing unit 320 determines a target transaction of a stock loan transaction (S220). That is, the target transaction is confirmed only when a deadline for generating a right / interest of a stock loan transaction arrives and the stock trade is maintained as of the date of the said date. Specifically, the reference date is identified through information on changes in the rights of the stock, such as cash or stock dividend date, paid or free capital increase date, potato date, sovereign exchange date, merger date and split date. Here, the right of the borrower to be compensated by the borrower may be determined only if the loan transaction is maintained when the relevant date arrives.

Thereafter, the rights processing unit 330 performs the stock right / interest allocation of the stock loan transaction (S230). That is, based on the reason for the change in the rights of the stock, such as cash or stock dividend, free increase, potato, sovereign change, merger, split, etc., the right of stock to be repaid by the borrower and the right of stock to be acquired by the lender are allocated. At this time, if the stock is replaced due to mergers, splits, potatoes, etc. in the stock will be treated accordingly. In other words, if a reason such as merger, split, potato, etc. occurs, the contents of the loan transaction related to the relevant stock are changed. In this case, the transaction standard price due to the changed reason is input and the rights change according to the loan transaction is processed. For example, in the case of potatoes, item information, potato information, reference date information, and transaction reference price information are input, and the borrower's loan transaction details are reduced and allocated when the change date is reached.

Subsequently, the rights processing unit 330 determines the allocation specification for the participants in the stock loan transaction (S240). As a result, the details of the assignment can be displayed on the screen.

After the step S240, the ledger processing unit 345 notifies the participant of the determined assignment details (S250). Here, the lender or the participant may check the assignment details determined by the ledger processing unit 345 through the lender terminal 100 or the borrower terminal 200.

Thereafter, the borrower repays the rights according to the stock loan transaction in accordance with the notification of the assignment specification (S260), transfers and manages it in the rights control unit 410 of the integrated balance management server 400 (S270), and the lender borrows it. Receive (S280). The borrower's repayment of rights is carried out by the borrower by transferring the right to the borrower's account processing unit 250. If the right or interest is a stock, it must be repaid on the date of payment (listing). do. When the borrower's rights repayment is completed, the loan transaction server 300 transfers and manages the stock rights or interest repaid from the borrower to the rights control unit 410 of the balance management server 400 and then the loan processor accounting unit 150 ), The repayment is completed.

Next, look at the balance of rights management method according to another embodiment of the present invention with reference to FIG. In the present embodiment, a case in which the reason for assigning the stock right is required to pay a certain price from the rental retail pool, such as a paid-in capital increase.

Referring to FIG. 15, first, the reference day processing unit 320 determines a target transaction of a stock loan transaction (S320). That is, the target transaction is confirmed only when a deadline for generating a right / interest of a stock loan transaction arrives and the stock trade is maintained as of the date of the said date. Specifically, the reference date is confirmed through information on changes in the rights of stocks such as paid-in capital increase date. Here, the lender included in the rental retail pool may be entitled to be compensated by the borrower only if the loan transaction is maintained when the relevant date arrives.

Thereafter, the rights processing unit 330 performs the stock rights allocation of the stock loan transaction (S330). In other words, based on the reason for the change in the rights of stocks, such as paid-in capital increase, the borrower assigns stock rights to be repaid and stock rights to be acquired by the lender. At this time, if the stock is replaced due to mergers, splits, potatoes, etc. in the stock will be treated accordingly. In other words, if a reason such as merger, split, potato, etc. occurs, the contents of the loan transaction related to the relevant stock are changed. In this case, the transaction standard price due to the changed reason is input and the rights change according to the loan transaction is processed. For example, in the case of potatoes, item information, potato information, reference date information, and transaction reference price information are input, and the borrower's loan transaction details are reduced and allocated when the change date is reached.

Subsequently, the right processing unit 330 determines the allocation specification for the participants in the stock loan transaction (S340). Accordingly, the details of the assignment can be displayed on the screen.

After the step S340, the ledger processing unit 345 notifies the participant of the determined assignment details (S350). Here, the lender or the participant may check the assignment details determined by the ledger processing unit 345 through the lender terminal 100 or the borrower terminal 200.

Subsequently, in the case of paid-in capital increase among stock rights allocation in the stock loan transaction, the lender applies for subscription for the corresponding item, and then pays the subscription price to the borrower (S360). That is, in case of paid-in capital increase among stock rights allocation of stock loan transaction, the lender's subscription request quantity information is input for the corresponding item, and the corresponding information is input to the lender terminal 100 so that the loan price can be input according to the subscription request. to provide. After checking whether the loan is paid in full through the lender's account processing unit 150, the loan is transferred to the borrower's account processing unit 250 so that the borrower can be assigned the stock right according to the paid-in capital increase.

Thereafter, after the borrower is assigned stock rights according to the paid-in capital increase, the borrower repays the stocks for which the paid subscription is applied (S370), and transfers and manages them in the rights control unit 410 of the balance management server 400 (S380). ), The lender receives it (S390).

16 is a flowchart illustrating a method for preventing settlement of payments in a rental retail pool. As shown in FIG. 12, when the lender performs an application recall or a sell recall through the lender terminal 100, there is a possibility that a payment failure of the corresponding stock may occur in a rental account included in the rental retail pool. Indicates.

In order to prevent the payment failure of the rental retail pool, the loan transaction items are selected based on large stocks (S410). For example, only KOSPI 200 stocks are allowed to be traded, and the balance hearing can be added to the balance sheet.

After that, only a certain percentage of the rental retail pool is to be rented (S420). For example, only 30% to 80% of the average rental retail pool will be available for recall for the borrower's recall, taking into account the balance and market size of the loan brokerage agency for two years.

Next, the rental / borrowing stock ratio is monitored (S430). Real-time monitoring of balances, retail pools, and market volumes of loan brokerage agencies in stocks under loan.

After going through step S430, if the selling ratio in the retail pool of the rental amount of the corresponding stock increases due to the selling of the lender, measures for re-lending from the intermediary institution are performed (S440). For example, borrowing shares from securities firms, securities depositories, management / advisors, etc.

If the process of step S440 is difficult, it can be purchased through the product account (S450), and if this is also difficult by making a recall to the borrower (S460), it is possible to prevent the occurrence of a substantial payment failure.

According to the lending system according to the present invention, the lender can obtain a selling profit by performing a real-time selling recall, and the stock is replaced in the rental retail pool at the time of the selling recall, so that the lender and the borrower's convenience are not requested. It is possible to quickly and efficiently manage the changes in the rights of borrowings and to protect the interests of lenders and borrowers. Securities firms, which are intermediaries, are convenient to manage increasing lending and borrowers and increase the commission profits from lending. It can work.
In addition, by supplying borrowed short sales when abnormal stock prices rise, it helps to reduce volatility due to supply and demand, contributes to the balanced development of loan transactions with credit loans, and forms a stable loan market by forming a retail pool around retail customers. It is effective in increasing the efficiency of the securities market by smoothing stock supply.

In addition, it is operated by collecting stocks of individual customers and lending them to institutional investors to extend securities lending to individual customers, and individual customers can get stable commission income of 2 ~ 5% per year. There is an effect that can be used.

While preferred embodiments of the present invention have been described above, the present invention is not limited to the above-described specific embodiments. That is, a person having ordinary knowledge in the technical field to which the present invention belongs may make a number of changes and modifications to the present invention without departing from the spirit and scope of the appended claims, and all such appropriate changes and modifications may be made. Equivalents should be considered to be within the scope of the present invention.

1 is a block diagram showing a loan transaction system according to an embodiment of the present invention,

2 is a block diagram of a rental retail pool;

FIG. 3 is a configuration diagram of the loan transaction server of FIG. 1;

4 is a configuration diagram of a rights management server in the configuration of FIG. 3;

5 is a block diagram of the right processing unit of the configuration of FIG.

6 is a configuration diagram of a fee management server of the configuration of FIG.

7 is a diagram illustrating a security management server among the components of FIG. 3;

8 is a configuration diagram of a balance integrated management server of the configuration of FIG.

9 is a block diagram showing rights management of the loan transaction system according to the present invention;

10 is a block diagram showing the fee management of the lending system according to the present invention;

11 is a block diagram showing collateral management of the loan transaction system according to the present invention;

12 is a block diagram of each subject during a sell recall of the loan transaction system according to the present invention;

13 is a flow chart showing a basic process (PROCESS) of the loan transaction in accordance with the present invention,

14 is a flowchart illustrating a method for managing rights in a loan transaction according to an embodiment of the present invention;

15 is a flowchart illustrating a method for managing rights in a loan transaction according to another embodiment of the present invention; and

16 is a flowchart illustrating a method for preventing payment defaults in a rental retail pool.

<Explanation of symbols for the main parts of the drawings>

100: lender terminal 150: lender account processing unit

200: borrower terminal 250: borrower account processing unit

300: loan transaction server 310: rights management server

315: external interface processing unit 320: reference date processing unit

330: Rights processing part 332: Stock rights allocation processing part

334: Assignment specification processing unit 336: Case replacement sovereignty processing unit

340: free rental subscription processing unit 345: ledger processing unit

350: item information processing unit 360: fee management server

362: Rental fee calculation part 365: Fee deposit processing part

370: Borrowing fee calculation unit 375: Fee withdrawal processing unit

380: collateral management server 385: collateral evaluation unit

390: borrowing item evaluation unit 400: balance integrated management server

Claims (20)

Lender terminal 100, at least one borrower terminal 200, lender account processing unit 150 for managing the accounts of the lenders included in the lender terminal 100 and processing a number of tasks, borrower's account In the loan transaction system including a borrower account processing unit 250 for managing and processing a plurality of operations, the balance transaction server 300 for basic transaction management and processing in the balance transaction, The lender terminal 100 includes a plurality of lender terminals to form a rental retail pool, and the lender account processing unit 150 manages accounts of lenders included in the rental retail pool. The loan transaction server 300 is composed of a lender lending server 301 for providing a lending service to the lender and a lending lending server 302 for lending services to the borrower. The balance trading system further includes a balance integrated management server 400 that manages rights and fees between the rental retail pool and the borrower terminal 200 in association with the balance trading server 300. The lender provides a service to sell the loaned stock in real time through the lender terminal, At the time of selling, the transaction server 300 receives the selling signal and sells the corresponding stock of the selling loan account, and manages to re-sold the same amount of the same stock in the rental retail pool to the selling rental account. The first contract in the relationship with the rental retail pool and the second contract in the relationship with the borrower do not affect the second contract when the lender's recall and the right to apply for service are provided in the loan transaction system. Lending system, characterized in that. The method of claim 1, The rental retail pool is composed of a plurality of accounts for which rental is applied, and when the lender provides a service for entering and leaving a loanable item, the lender can rent if the lender provides a service for selling the rentable item. When providing a service to recall the item (Recall), the loan transaction system characterized in that the borrower manages the loan account to increase or decrease automatically in the case of providing the service to apply for the loan. delete delete delete delete delete delete delete delete delete delete delete delete delete delete delete delete delete delete

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