KR20140112767A - Method and appratus for transaction of securities - Google Patents

Abstract

The present invention relates to a method and apparatus for trading securities. The method for trading the securities according to one embodiment of the present invention includes the steps of: receiving a first sell order; determining whether the sell limit for the securities is set; generating a second sell order; performing a sell trade according to the second sell order; setting a securities buy limit in an account information database; releasing a transfer limit set in the securities included in the first sell order in the account information database; and transferring the securities whose transfer limit is released to the account of a securities company.

Description

METHOD AND APPARATUS FOR TRANSACTION OF SECURITIES [0001]

The present invention relates to a securities transaction method and apparatus, and more particularly, to a method and apparatus for trading securities in which security rights are set.

In financial lending transactions, holders of securities may borrow securities from financial institutions as collateral, in which case pledges may be set in the securities. In this case, the pledge entails that the creditor indirectly enforces the debt payment by taking possession of the goods received from the debtor, etc. in order to secure the bond, until the debtor has the reimbursement, and in the case of no reimbursement, .

When the pledge is set in the securities, the securities are occupied by the financial institution that executed the mortgage, so that the property activities by the owner of the securities may be restricted. In particular, since securities such as stocks fluctuate in value over time, restrictions on the owner 's property activities may result in unexpected damages to the owner. For example, if the value of a security rises, it is necessary to dispose of the securities in order to secure profit or to prevent further loss if the value of the securities declines. However, It was occupied by the engine, and thus could not cope with it.

Therefore, even if the disposition of securities is restricted due to the establishment of collateral such as pledge, it is necessary to develop a technique to increase the liquidity of the securities and increase the profitability.

SUMMARY OF THE INVENTION The present invention has been made to solve the above-mentioned problems, and it is an object of the present invention to enable quick and free trading of securities for which disposal restrictions are set.

A method for trading securities is disclosed in accordance with an embodiment of the present invention. The method comprising: receiving a first sale order for selling securities contained in a customer's account, the first sale order including an item and a quantity of a security to be sold; Determining whether a sell restriction is set for the security to refer to the account information database of the customer and to make the loan principal of the customer a security; Generating a second selling order for selling the same stock and quantity of securities as the first selling order if the selling restriction is set in the securities; Performing a selling transaction according to the second selling order; Setting a securities purchase limit in the account information database with the lending institution as a lien for the sale amount of money generated by the conclusion of the sale transaction based on the second sale order; Releasing, in the account information database, a substitution restriction set on securities included in the first sale order; And replacing the securities whose release of the substitution restriction is canceled by an account of a securities company, wherein the account information database includes information on whether to restrict sale of securities included in the account of the customer, Attribute information; Property information on whether the restriction on the purchase of securities for the amount of sale is set; Property information on withdrawal limits on deposits, transfer restrictions, and restrictions on the purchase of securities; And attribute information about the security owner of the security right set in at least one of the security, the sale amount, and the deposit.

A securities transaction apparatus is disclosed according to an embodiment of the present invention. The device comprising: an interface module for communicating with a customer, an administrator and a lending institution; Attribute information on sale restriction, release restriction, and substitution restriction on securities included in the customer's account; Property information on whether the restriction on the purchase of securities for the amount of sale is set; Property information on withdrawal limits on deposits, transfer restrictions, and restrictions on the purchase of securities; And an attribution information database including attribution information about a security holder of a security right set in at least one of the securities, the sale amount and the deposit; When the interface module receives a first sale order for selling the securities included in the account of the customer, the interface module inquires the account information database for the securities to be borrowed from the lending institution An order acceptance judgment module for judging whether or not a sell restriction is set as a security holder; the first sale order includes an item and a quantity of securities to be sold; When the order acceptance determining module determines that the selling limit is set by making the lending institution as a lien on the security, the second selling order for selling the securities and the securities of the same item and quantity as the first selling order is generated An order creation module; An order processing module for performing a sell transaction according to the second sale order; A disposal limit setting module for setting a securities purchase limit in the account information database with the lending institution as a lien for the amount of money to be sold generated by concluding the sale transaction based on the second sale order; A disposal limitation releasing module for releasing, in the account information database, a substitution restriction set on a security included in the first sale order; And a redeeming module for replacing the securities for which the substitution restriction is canceled with an account of the securities company.

Although the present invention does not directly sell the securities for which the security rights are set, it can perform quick and free transactions on the securities for which the disposal limit is set up by generating the same effect as selling securities for which security rights are set through replacement of the security persons . This allows the disposal of the securities by the owner of the securities to be practically made possible, but the liquidity and stability of the securities can be increased by imposing certain restrictions on such dispositions.

BRIEF DESCRIPTION OF THE DRAWINGS A brief description of each drawing is provided to more fully understand the drawings recited in the description of the invention.
1 illustrates a securities trading system in accordance with an embodiment of the present invention.
Figure 2 illustrates an example of an account information database in accordance with one embodiment of the present invention.
FIG. 3 illustrates a securities transaction method performed by a securities company server according to an embodiment of the present invention.
FIG. 4 illustrates a securities transaction method according to another embodiment of the present invention.
FIG. 5 illustrates a securities transaction method according to another embodiment of the present invention.
FIG. 6 illustrates a securities transaction method according to another embodiment of the present invention.
FIG. 7 illustrates a method for purchasing securities according to an embodiment of the present invention.
FIG. 8 illustrates a securities transaction apparatus according to an embodiment of the present invention.

Hereinafter, embodiments according to the present invention will be described with reference to the accompanying drawings. In the following description of the present invention, a detailed description of known functions and configurations incorporated herein will be omitted when it may make the subject matter of the present invention rather unclear. In addition, embodiments of the present invention will be described below, but the technical idea of the present invention is not limited thereto and can be variously modified by those skilled in the art.

Throughout the specification, when a part is referred to as being "connected" to another part, it includes not only "directly connected" but also "indirectly connected" . Throughout the specification, when an element is referred to as "comprising ", it means that it can include other elements as well, without excluding other elements unless specifically stated otherwise.

1 illustrates a securities trading system 100 in accordance with an embodiment of the present invention. The system 100 may include a customer terminal 110, a lender server 120, and a broker server 130. The terminal may be referred to as an electronic hardware device used to input or display data in a computer or computing system and the server may be referred to as a computer for processing a request from a client computer under a network environment have. Hereinafter, the transaction process of the securities between the customer terminal 110, the lending institution server 120 and the securities company server 130 in the online securities trading system will be described. This can be performed in the same manner in an off-line securities trading system, and the present invention can include a securities trading method of an off-line securities trading system. In FIG. 1, a terminal or a server is shown as an apparatus for carrying out the present invention by a customer, a lender, or a securities company, but this is merely exemplary and various computing devices can be used according to the embodiment to which the present invention is applied. For example, a lending institution terminal may be used rather than a lending institution server, or other computing devices than the terminal or server may be used. For simplicity of explanation, the description and the concept of the present invention will be described with reference to the client terminal 110, the lending institution server 120 and the securities company server 130 shown in Fig.

The customer terminal 110 is a terminal of the holder of the securities, which has received the loan from the lending institution by providing the securities as collateral. The lending institution server 120 is a server directly or indirectly operated by a lending institution such as a bank, which provides services such as a mortgage loan secured by security provided by a customer. The securities company server 130 refers to a server operated by a securities company that provides services such as sale of securities and establishment of security rights. In certain cases, the operations of the broker server 130 or the lender server 120 may be controlled through an administrator terminal (not shown) of each server.

In the present invention, the loan principal refers to the loan the customer has borrowed from the lending institution, which includes the principal of the loan and the interest on the loan, and may also include the remaining loan principal if some of the loan principal is reimbursed. In the event of non-payment of debts due to default, delay in performance, or tort, damages may also be included in the loan principal.

In general, the securities are meant to be securitized goods or property rights, and the securities used in the present invention are, in particular, securities that can be traded by a securities company server. Securities provided by clients in order to secure the loan principal are set in a lien, and in principle, lenders, which are lienes, will take possession of such securities. However, the lien of the present invention differs from the lien in that it maintains the nature of the general lien in accordance with the agreement or law between the parties (that is, customers, securities companies and lenders) This means that the securities company, not the lending institution, will take possession, but restrict the customer's disposition to the securities, but in certain cases, the disposal of the customer is made possible.

Specifically, even if the securities for which the lien is secured are transferred to the securities company, the issuance, sale and replacement of the securities are not allowed in principle, and it is necessary to agree with the lender (ie the lien) to sell the securities. To maintain the lien held in the securities, and to guarantee the status of the lien. Therefore, if a sell order is received for securities for which a lien is set up, the consent of the lien for the sell order must be sought before the sell order is executed according to the sell order, and this process takes a considerable amount of time.

However, according to the present invention, prompt disposition of the securities by the customer can be allowed. First, if a first sale order is made for a securities for which a lien is set up by the customer, instead of selling according to the first sale order, the same stock and quantity as the securities to be sold through the first sale order A second sale order can be generated, and a sale transaction according to the second sale order can be performed. Here, the second sell order is to sell securities and stocks of the same quantity and quantity as the securities sold through the first sale order, but does not sell the securities included in the customer's account. For example, a second sell order can be made in the form of a sale or a short sale of securities borrowed from a securities company.

If the second sale order is followed by the sale transaction and the deposit amount and / or the amount of the sales proceeds are cash-deposited, the security amount can be set for the amount of the sale and / or the deposit. Here, the lien on the amount of the sale and / or the deposit may be the lien on the lending institution, and the lien on the securities subject to the first sale order contained in the customer's account may be the lien on the securities company. In other words, there is a replacement of the mortgagor with the securities of the sale price and / or the securities for which the mortgagee and lien are set for the deposit. This does not directly lead to the sale of securities for which the lien is set, but it can be the same effect as selling the securities for which the lien is set through the replacement of the lien.

Thus, the present invention makes it possible to dispose of the securities for which the lien is set, but by imposing certain restrictions on such disposal, the lien can be maintained and the lender can guarantee the status as a lien. Although the present invention describes the technology and philosophy of the present invention with respect to securities for which a lien is set for simplicity of explanation, the present invention is also applicable to other securities for which disposal restrictions are set or securities for which disposal restrictions are set by arrangements between the parties, Can be applied.

Figure 2 illustrates an example of an account information database in accordance with one embodiment of the present invention. Herein, the account information database means a database including attribute information about at least one of securities included in a customer's account, a sale amount, and a deposit. The account information database may be created or modified by a securities company server that performs the disposition of the securities, the sale amount and the deposit, and the securities company server includes the account information in the customer's securities account based on the property information included in the account information database The sale price, and the deposit. The securities company server transmits property information in the account information database to the lending institution server, so that the lending institution can construct an account information database having the same contents. This makes it possible for the lending institution server to quickly grasp the property information about the securities, the sale amount and the deposit, and the change of the property information. This transmission may be periodic and / or non-periodic, for example, whenever a change in attribute information occurs. The configuration of the account information database shown in FIG. 2 is illustrative, and various configurations can be applied according to the embodiment to which the present invention is applied.

In relation to securities, the account information database includes property information about securities and quantity of securities, disposal restrictions on securities, issuance restrictions, property information on whether alternative restrictions are set, and property information about security owners of securities can do. As shown, Securities A is a general securities, and no restrictions are set, and thus all sale, issue and substitution of Securities A can be permitted. The initial security is stocked and can be set to allow both sell, issue and substitution, with no restrictions, such as securities A, and this state can be referred to as the default state. Securities B is a security with lien A as a lien, with disposal restrictions, issuing restrictions, and substitution restrictions. Therefore, disposal of Securities B is not allowed in principle.

The account information database may include attribute information regarding whether to set the securities purchase limit for the amount of money to be sold, and attribute information about the security owner of the security rights set for the sale amount, in connection with the amount of money to be sold. Here, the amount of money to be sold is the amount of money that was generated by the sale of securities and that was before the realization of cash. Because the cash is not realized, withdrawal and transfer are not permitted for the amount of the sale, but only the purchase of securities using the amount of the sale can be allowed. As shown in the figure, the selling amount A is not a general selling amount, so that the buying of the securities using the selling amount A can be permitted. If the first closing amount is generated, the closing amount A can be set as the closing amount A, and this state can be referred to as a default state. The amount B of the sale is the amount of the sale made by selling the securities for which the lender A is a lien, and the securities purchase limit is set. Therefore, the purchase of securities using the amount B of the sale is not allowed in principle.

With respect to deposits, the account information database may include property information about limitations on withdrawals to deposits, transfer restrictions, property information regarding the establishment of restrictions on the purchase of securities, and property information about the lien of the lien established on the deposit. Here, the deposit is cash included in the customer's account, and may include not only cash deposited or transferred by the customer, but also an amount in which the sale amount is cash-in. Therefore, in principle, withdrawals, transfers, and purchases of securities using deposits are allowed for deposits. As shown, Deposit A is a general deposit, with no restrictions set, thus allowing withdrawals and transfers of deposits, and the purchase of securities using deposits. When the first deposit occurs, it can be set as deposit A, and this state can be referred to as the default state. Deposit B is a deposit with a lien held by the lender A as a lien. Limitations on the withdrawal of deposits, restrictions on transfers, and restrictions on purchases using deposits are set. Therefore, disposal of deposit B is not permitted in principle.

The account information database can automatically reflect changes due to the receipt, issue, purchase, sale and replacement of securities. For example, when a security is stocked or bought, its contents are automatically registered in the account information database and can be set to a default state. In addition, if securities are lost within an account due to shipment or replacement, the corresponding securities may be deleted in the account information database. The account information database can automatically reflect the change in the amount of the sale price and the disappearance due to the purchase or cashing of the securities. For example, if a sales amount is generated, its contents are automatically registered in the account information database and can be set to a default state. In addition, if securities are purchased using the amount of the sales proceeds, or if the sales amount is cash-deposited and the deposit is generated, the corresponding sales amount can be deleted from the account information database. The account information database can automatically reflect any changes due to the deposit, deposit, withdrawal, transfer, and purchase of securities. For example, when a deposit is generated or deposited, its contents are automatically registered in the account information database and can be set to a default state. Also, if the deposit ceases to exist in the account due to the purchase of securities, withdrawal or transfer of the deposit, the corresponding deposit may be deleted from the account information database. The default state of the securities, the sale amount and the deposit is an exemplary configuration, and various configurations can be used according to the embodiments to which the present invention is applied.

The conventional securities registered in the account information database may disappear due to the division, merger, or incineration of potatoes, capital increase and stocks, and new securities or cash (ie new deposits) may arise. In addition, dividends (ie, new securities) or dividends (ie, new deposits) may arise from dividends (ie, new securities) or cash dividends from stock securities. In this case, the new securities or new deposits are registered in the account information database and inherit the property information of the conventional securities. In other words, if selling, restricting, or substituting restrictions were set on conventional securities, the restriction on sale, restriction on issuance and substitution will be set for new securities, and restrictions on withdrawals, restrictions on transfer, Limits can be set. With this setting, the same disposal restrictions as before can be applied to new securities or new deposits, and the present invention can be applied to new securities or new deposits in the same manner as conventional securities.

The securities company server may receive property information about at least one of securities, sales amount, and deposit included in the account information database from an administrator terminal of the securities company server. According to the received attribute information, the securities company server may change property information on at least one of the securities, the sale amount and the deposit in the account information database. In one example, when the security right is set or canceled in the securities registered in the account information database, attribute information about setting or canceling the disposal limitation of the securities is generated through the administrator terminal and reflected in the account information database . In another example, a security holder set for at least one of a security, a sale amount and a deposit may be changed. In addition to these examples, all the attribute information regarding the securities registered in the account information database, the amount of money to be sold, and the disposition limitation of the deposit can be modified or updated through the administrator terminal. When at least one of the attribute information input from the administrator terminal or the attribute information in the account information database is changed by the processing of the purchase order or purchase order, the message relating to the changed attribute information is transmitted to the loan agency server, It is possible for the lending institution to quickly grasp the change of information.

As described above, in the account information database according to the present invention, the disposition limitation, the release restriction substitution set in the securities, Restriction on the number of securities to be set for the amount to be sold; And withdrawal restrictions, transfer restrictions, and securities purchase restrictions set on the deposit may be the contents of a security or agreement. The lien may be set up to secure the customer's principal of the loan or to secure the customer's debt repayment obligations, for example pledge, mortgage, etc. Here, the legal effect such as the establishment and termination of the lien is caused by the related law or the contract between the parties, and it depends on the establishment and / or the release of various restrictions on the securities, It does not mean that it will have legal effect, but it reflects the actual legal effect in the data processing process.

The account information database may contain information regarding the collateral status of the collateral (not shown). Here, the collateral status can be determined by the collateral ratio, the customer's credit rating, the credit information of the securities, and the like. Specifically, the collateral condition can be determined by comparing the collateral ratio with a predetermined threshold or threshold range, where the collateral ratio can be determined by the value of the security and the loan principal. For example, the collateral ratio can be determined by (the value of the security / the principal of the loan), and based on the collateral ratio thus determined, the collateral status of the securities by the allowance interval, And determine whether to sell the security securities set in the account information database according to the determined security status. In this case, the counterparty is defined as one of the reasons for the collateral rate falling below the predetermined collateral rate as one of the reasons for losing the foreclosure right of the collateral right, and means an interval in which the counterparty sells the collateral right. In addition, the collateral status can be additionally / alternatively determined by the customer's credit rating in the collateral ratio. In this case, the credit rating can be determined according to the customer's assets, financial condition, etc., and the coverage ratio itself may be changed by the credit rating, or the coverage ratio threshold or the critical range may be changed for determining each interval of the collateral status. Information about the credit of securities may also be used to determine the collateral status. Herein, the information on the credit of securities refers to the information on the profitability and stability of the securities to judge whether or not the securities have a proper value for buying and holding the securities, Based on this, the security status of the security may be determined. For example, information on the credit of such securities may include, for example, a decrease in the corporate bond rating, a transfer of a specific securities to a sale recommendation item by an analyst, a management item, an investment warning item, an investment risk item, An item for which the stock price falls below a predetermined ratio, an item for which the stock price has fallen over a predetermined ratio for a predetermined period, and a designation as an item for requesting an inquiry.

The information in the account information database related to the amount of money to be sold and the deposit amount for which the lien is set is also set as the collateral status . ≪ / RTI > The determination of the information contained in such an account information database may be periodic and / or non-periodic. For example, whenever a change in the collateral status occurs, or at the request of an administrator or user.

Since the information contained in the account information database is a predetermined value for fluctuation of the assets (that is, at least one of the securities, the amount of money to be sold, and the deposit amount), information about whether the assets are different from the current state . For example, the account information database may contain information about the amount of the sale or the deposit, even if the securities have not yet been sold and the transaction amount or deposit has not yet occurred. This is because it is information that should be referred to in relation to the actual amount of sales or the approval of transfer or purchase in the event of deposit.

The account information database may include a purchase judgment list for judging whether the buyer's purchase order using the deposit amount or the deposit is permitted or not. That is, in order to judge whether the purchase of securities is permitted according to the purchase order, the purchasing decision list may additionally / alternatively be referred to the information on whether or not to purchase the securities in the account information database. In this case, the buying judgment list includes a purchase allowance list including the amount of the contracted securities for which the lien is set or the securities for which the purchase of the securities using the deposit is allowed, and the securities of securities for which the lien- And a buy-and-sell list including the purchase-prohibited list. As a result of referring to the account information database, if the stock of the security subject to the purchase order is included in the buying judgment list and / or is not included in the purchase prohibition list, it can be judged that the purchase order is allowed.

The contents of the buying judgment list may be created in accordance with the agreement between the parties. The purchase decision list may be generated by designation of an administrator terminal or may be generated in accordance with a predetermined purchase permission requirement based on information on the credit of securities, and the like. For example, these allowances may include requirements for stocks, bonds, futures options, etc. The allowance list generated according to the allowable requirements may include, for example, the amount of the sale or the reason And the list of securities that are sold in accordance with the allowable requirements may include, for example, management items, investment warning items, investment risk items, trading suspension items, potato or merger items, An item for which the stock price has fallen below a predetermined ratio, an item for which the stock price has fallen over a predetermined ratio for a predetermined period, an inquiry demand item, and the like. The generation of the purchase allowance list may include an update of the allowed purchase allowance list. Such an update can be made periodically and / or aperiodically, for example, when a change occurs in an allowance condition or the like, an update can be made.

Additionally, when the buying judgment list is generated, an approval operation for the buying judgment list can be performed. That is, when the buying judgment list is generated by the lending institution server, the approval is made by the securities company server, and when the buying judgment list is generated by the securities company server, the approval is made by the lending institution server. The approval list can be used to determine whether a buy order is allowed. Various configurations can be applied according to the embodiment in which the present invention is applied as an exemplary configuration relating to the buying determination list.

FIG. 3 illustrates a securities transaction method 300 performed by a securities company server according to an embodiment of the present invention.

First, at step 310, a first sale order can be received. The first sell order is an order to sell the securities included in the account of the customer and may include the stock and quantity of the securities to be sold, the selling price of the securities, and the personal information of the owner. In addition, a sell order can be made for some, as well as for the entire securities. The reception of the first sale order can be done from the customer terminal, or by accepting the sale intention of the customer's securities through a wire or a visit to a branch office. In addition, a securities company may receive a first sale order from an administrator or a lending institution due to the execution of a lien.

At step 320, it may be determined whether a sell restriction has been set for the security contained in the first sale order. The restriction on the sale of securities is to reflect the lien held by the lender as a lien to secure the customer 's loan principal. Step 320 may be performed by the broker server referring to the account information database containing the customer's account information.

As a result of the determination in step 320, if no sell restriction is set for the securities included in the first sale order, there is no restriction on the transaction in the securities, so the securities company server performs the sell transaction in accordance with the first sale order (Step 330).

If it is determined in step 320 that a sell restriction is set on the security included in the first sale order, the second sale order may be generated (step 340). The second sell order is to sell securities and stocks of the same number and quantity as the first sell order. Unlike the first sell order, the second sell order does not cover the securities included in the customer's account. In one embodiment, the second sale order may be a short sale order. A short sale order is a sell order that is executed without securities, and if the sale contract is concluded according to the short sale order, the securities must be repaid before the settlement date. In another embodiment, the second sale order may be for sale of securities borrowed from a securities company. That is, the securities company server can perform step 340 by renting the same stock and quantity of securities as the first sale order to the account of the customer, and creating a second sale order to sell the borrowed securities have.

At step 350, a sale transaction may be performed according to a second sale order. Sale transactions can be made through the stock exchange. The sale transaction is performed during the order validity time, where the order validity time means the number of times the buyer requested the exchange or the time for which the sale order is in effect, for example, this order validity time may be from 8:00 am to 6:00 pm . During the order validity period, the second sell order is followed by the sale transaction, but there may be an unsettled amount of the securities to be sold that is not concluded to be sold. In this case, if the second sell order is a short sale order, the second sell order is canceled, and if the second sale order is for sale of the securities lent from the securities company, the unsettled amount is immediately or after a predetermined time It can be returned to the securities company.

At step 360, a disposal limit may be set for the amount of the sale incurred by the conclusion of the sale transaction based on the second sale order. Here, the setting of the disposal limit with respect to the amount of money to be sold can be performed by setting the limit on the number of securities to be purchased for the amount of money to be sold, with the lending institution as a lien in the account information database. The setting of the disposal limit for the amount to be sold may be made for the whole of the sale amount or at least a part of the sale amount. For example, the setting of the disposal limit for the amount of the sale can be made based on a comparison of the amount of the sale and the principal amount of the loan. Specifically, step 360 compares the sale commitment amount and the loan principal; If the result of the comparison is that the amount of the sale is more than the principal of the loan, the restriction on the number of securities is set for the sale amount corresponding to the principal amount of the loan, which is the sale amount in the account information database; If the result of the comparison is that the amount of money to be sold is less than the principal amount of the loan, it can be performed by setting the limit on the number of securities to be sold in the account information database as a whole.

At step 370, the disposition restriction for securities included in the first sale order in the account information database may be released. Here, the lifting of the disposition restriction on securities may be carried out by at least releasing the substitution restrictions on securities. In order to ensure the lending institution's status as a lien, the cancellation of the disposal restrictions on the securities included in the 1st sell order is basically not allowed. However, since the disposal limitation is set as a lien on the sale amount in step 350, even if the disposal limitation on the securities included in the first sale order is released in step 360, the collateral value is undermined It is possible to guarantee the status of a lender as a lien.

The securities whose disposal restrictions are canceled by the step 370 can be replaced with accounts of the securities companies (step 380). As mentioned above, the second sale order generated in step 340 may be composed of securities sold by brokerage firms or short selling orders. Thus, through step 380, it is possible to repay the short sale or loaned securities.

In this manner, the lending institution is set as a lien on the sale price of the second sale order, and the securities included in the first sale order (that is, the securities that the lending institution is set as a lien ), It is possible to convert the collateral of the lien as the lien as the lender to the amount of the sale from the securities. Accordingly, the present invention can produce the same effect as selling securities for which the security rights are substantially set by exchanging the collateral, without selling the securities for which the security rights are set.

In one embodiment, one may determine whether the first sale order is allowed. Such a determination may be based on the collateral status of the securities included in the first sale order. The collateral status may be determined by the value of the security and the collateral rate determined by the principal of the loan. The collateral status may be specified according to at least one of the customer's credit rating and the credit information of the security and the collateral ratio. If it is determined that the first sale order is not allowed, steps 340 to 380 are not performed.

In one embodiment, if the sale amount is settled with the disposal limit set, the disposal limit can be set for the deposit amount, which is the amount of money sold in the account information database. The disposition limit for deposits can be set by setting a limit on withdrawals, a limit on transfers, and a limit on the number of securities to be deposited, which is the amount of money that is sold as a lien by the lender. Generally, even if a sale transaction is concluded, the amount of the sale is immediately converted into cash and is not deposited in the customer's account. After the settlement of the securities company, the amount of the sale is realized. Such a payment may take, for example, a period of about two to three days. By setting a disposal limit for deposits, it is possible to limit the disposition by the customer and guarantee the lien status of the lending institution. As described below, the deposit may be transferred to the lending institution's account for repayment of the principal of the loan thereafter, but it may be inconsistent with when the deposit is created and when the transfer is possible or the lending institution may not approve the transfer Therefore, it is necessary to limit the customer's disposition to the deposit until the time when the transfer is possible. However, if the date of deposit is matched with the transfer date, the transfer of the deposit may be made without setting a disposal limit for the deposit.

The setting of the disposition limit for the deposit may be made on the whole of the deposit or at least part of the deposit. For example, setting a disposition limit on deposits can be based on a comparison of deposit and loan principal. Specifically, the setting of the disposal limit for deposits compares deposit and loan principal; As a result of the comparison, if the deposit is more than the principal of the loan, set the disposal limit for the deposit corresponding to the principal of the loan in the account information database; If the result of the comparison is that the deposit is below the loan principal, it can be done by setting a disposal limit for the entire deposit in the account information database. In other words, if the deposit is larger than the principal of the loan, it is not necessary to limit the activity of the customer unnecessarily by setting a disposal limit for the entire deposit because the loan can be repaid only by the deposit equivalent to the loan principal.

In one embodiment, after releasing the transfer restriction during the disposal limit set for deposit in the account information database, the deposit with the transfer restriction can be transferred to the account of the lending institution. This allows the lender to repay the customer's loan principal. According to the embodiment, before releasing the transfer restriction set in the deposit, the transfer request message for the deposit may be transmitted to the lending institution. In response to the transmission of the transfer request message, when receiving a transfer approval message for the deposit from the lending institution, the transfer limit set in the deposit information is released from the account information database, and the transferred deposit is transferred to the account of the lending institution . In accordance with the embodiment, the release of the transfer restriction on the deposit may be made collectively for the entire deposit. In this case, if the deposit with the transfer limit released is transferred to the lending institution account and the deposit exceeds the loan principal, the lending institution may return the excess amount to the customer's securities account. In another embodiment, the release of the transfer restriction on the deposit may be made based on a comparison of the deposit and the loan principal. Specifically, the lifting of transfer restrictions on deposits compares deposit and loan principal; If the result of the comparison is that the deposit is more than the loan principal, the account information database releases the transfer limit set for the deposit corresponding to the loan principal in the deposit; If the result of the comparison is that the deposit is below the principal of the loan, it can be done by releasing the transfer limit set for the entire deposit in the account information database. In other words, if the deposit is larger than the loan principal, it is not necessary to transfer the whole of the deposit entirely because the loan can be repaid only by the deposit equivalent to the loan principal. When the securities company server receives a message from the lending institution about the completion of the loan repayment, the customer can freely dispose of the deposit that has not been transferred.

In one embodiment, it is possible to generate a loan with the collateral amount of sale generated by the conclusion of the sale transaction as collateral, and transfer the loan to the account of the lending institution. Through this, the amount corresponding to the sale amount can be converted into cash before the deposit occurs from the sale amount, and the customer can repay the loan principal from the lending institution. The repayment of the principal of the loan using the loan is the same as the repayment of the principal of the loan using the deposit. However, the loan may occur with all or at least a part of the amount of the sale, and in order to reflect this, the securities company may be set as a lien on the amount of the sale in the account information database. In this case, the brokerage firm may be set as a subordinate collateral for the lending institution, which is the senior lien. Since the loan is for the repayment of the loan principal, it is possible to prevent disposal by the customer by setting a disposal limit for the loan in the account information database. At the time of repayment of the loan principal, at least a part of the loan (for example, the portion of the loan interest, commission, etc.) may be transferred to the account of the brokerage firm and the remainder may be transferred to the account of the lending institution. Here, the portion corresponding to the interest in the loan is calculated, for example, by applying the interest rate designated by the agreement between the party (the customer and the securities company) to the portion of the loan excluding the interest from the time when the loan is generated until the time when the loan disappears . Thereafter, if the sale price is cash-in and the deposit occurs, the loan can be canceled by offsetting the deposit and the loan.

In one embodiment, when a message is received indicating that the principal has been reimbursed from the lending institution due to a transfer of the deposit, transfer of the loan, or another cause, the account information database may be used to secure the loan principal, Any disposition restriction established for at least one of the deposits may be released. This is because when the repayment of the loan is completed, it is not necessary to maintain the limit set in the account information database. In this case, it is possible to send a message to the customer regarding the repayment of the loan principal and the termination of the lien.

In one embodiment, the broker server may receive a cancellation order to cancel the first sale order when the sale transaction is performed according to the second sale order. A cancel order can be made for some, as well as for the entire securities subject to a sell order, and can be received from customers, lenders or managers. In the case of the customer, the cancellation order can be received from the customer terminal, or by accepting the cancellation order of the purchase order of the customer through the wire or the visit to the branch office. In response to receipt of the cancel order, the broker server may cancel the first sell order and cancel the second sell order through the stock exchange. If the second sale order is for sale of securities borrowed from a securities company, if the second sale order is canceled, the unsettled amount of the sale transaction can be returned to the securities company immediately or after a predetermined time has elapsed.

In one embodiment, new securities or new deposits may arise from securities that are subject to sale restrictions, issue restrictions, or substitution restrictions in the account information database due to potatoes, capital increase and stock splits, mergers, and incineration. In this case, it is possible to set a sell restriction, a release restriction, an alternative restriction on a new securities in the account information database, or set a withdrawal limit, a transfer restriction, and a securities purchase restriction on a new deposit.

In one embodiment, after receiving the attribute information for at least one of the securities included in the account of the customer, the amount of money to be sold, and the deposit, the account information database stores the securities, The attribute information can be changed. When at least one of the attribute information received, the passage of time, or the attribute information in the account information database is changed by the processing of the buy / sell order, the message relating to the changed attribute information can be transmitted to the lending institution. It is possible for the lending institution to quickly grasp the change of the property information in the account information database.

In one embodiment, information about the principal of the loan, including the principal and amount of the security to secure the principal of the loan, interest on the loan, reimbursement history, and the principal of the loan, may be received. This reception may be periodic and / or non-periodic. Also, at least one of the lending institution or the customer can transmit the information about the security value and the security ratio of the securities for which the selling restriction is set in the account information database. The mortgage rate here can be determined by (the value of the security / the principal of the loan). The transmission may be periodic and / or aperiodic. For example, the transmission may occur at a time specified by consultation between the brokerage firm, the customer and the lending institution, or when the coverage rate is below a predetermined threshold, wherein the predetermined threshold may be a value designated by the lending institution. In this way, the securities company server can receive the information about the loan principal from the lending institution and manage it, so that it can contribute to the management of the collateral and send information about the value of the securities and the collateral ratio to the lending institution, . ≪ / RTI > In addition, information sharing between lenders and brokerage firms can promptly identify and respond to collateral situations.

FIG. 4 illustrates a security transaction method 400 according to another embodiment of the present invention.

Steps 410 through 460, steps 470 and 480 of method 400 are described as steps 310 through 380 described with reference to FIG. Hereinafter, a duplicate description will be omitted.

At step 465, a disposition restriction for the securities included in the first sale order in the account information database may be set. Here, the setting of the disposal limit for the securities can be performed by setting the sell restriction, the release restriction, and the substitution restriction on the securities with the securities company as the security owner in the account information database. That is, the security holder set for the securities included in the first sale order through the step 465 can be replaced by the securities company from the lending institution. In order to ensure the lender's position as a lien, substitution of the lien for securities included in the first sale order is basically not permitted. However, since the disposal limit is set as the lien on the lender's contract amount in step 460, even if the securities company included in the first sale order is set as the lien on the securities company in step 465 , It is possible to guarantee the status of the lender as a lien without losing the value of the collateral.

Subsequently, at step 470 and step 480, the disposal restriction for the securities included in the first sale order is canceled in the account information database, and the securities for which the disposal restriction is canceled are replaced with the account of the securities company . In one embodiment, steps 470 and 480 may be performed if a predetermined period of time has elapsed, or if certain requirements have been met (e. G., Cashing of the sell-through amount has been made).

Thus, the present invention can produce the same effect as selling security securities that are substantially secured by exchanging security holders without selling security securities for which security rights have been set.

FIG. 5 illustrates a securities transaction method 500 according to another embodiment of the present invention.

Steps 510 to 550 and steps 560 to 580 of method 500 are described as steps 310 to 380 described with reference to FIG. Hereinafter, a duplicate description will be omitted.

At step 552, a disposal limit may be set for the amount of the sale incurred by the conclusion of the sale transaction based on the second sale order. Here, the setting of the disposal limit with respect to the amount of money to be sold may be performed by setting the securities purchase limit to the amount of money to be sold, with the securities company as the security owner in the account information database. The securities company is set as a lien for the amount of money to be sold until the disposal limit is set for the lending institution as a lien for the amount of money to be sold through the step 560 to prohibit the disposal behavior using the amount of money to be sold, Securities companies can guarantee their status as a lien.

At step 554, a replacement request message may be sent to the lending institution. Here, the replacement request message is a message requesting the replacement of the security holder set for the securities included in the first sale order. In response to the transmission of the replacement request message, a replacement acceptance message may be received (step 556) that authorizes the replacement of the mortgagor from the lending institution. If a replacement acceptance message is received at step 556, steps 560 through 580 may be performed. Conversely, if a replacement grant message is not received at step 556, steps 560 through 580 are not performed.

FIG. 6 illustrates a security transaction method 600 according to another embodiment of the present invention.

Steps 610 through 660, steps 670 and 680 of method 600 are described as steps 510 through 580 described with reference to FIG. Hereinafter, a duplicate description will be omitted.

At step 665, a disposition restriction for the securities included in the first sale order in the account information database can be set. Here, the setting of the disposal limit for the securities can be performed by setting the sell restriction, the release restriction, and the substitution restriction on the securities with the securities company as the security owner in the account information database. That is, the security holder set for the securities included in the first sale order through the step 665 may be replaced by the securities company from the lending institution. In order to ensure the lender's position as a lien, substitution of the lien for securities included in the first sale order is basically not permitted. However, since the disposal limit is set as the lien on the lender's contract amount in step 660, even if the securities company included in the first sale order is set as a lien on the securities company in step 665 , It is possible to guarantee the status of the lender as a lien without losing the value of the collateral.

Subsequently, at step 670 and step 680, the disposal limit for the securities included in the first sale order is released from the account information database, and the securities for which the disposition restriction is canceled are replaced with the account of the securities company . In one embodiment, steps 670 and 680 may be performed if a predetermined period of time has elapsed, or if certain requirements have been met (e. G., Cashing of the sell-through amount has been made).

FIG. 7 illustrates a method 700 for purchasing securities in accordance with one embodiment of the present invention.

The method 700 may allow the buyer to purchase securities using the proceeds of the sale or deposit that are generated by selling the securities for which sale restrictions are set by the methods 300, 400, 500, 600 of Figures 3 to 6 .

The method 700 includes receiving (710) a buy order for buying securities using a sale amount or a deposit amount for which a securities purchase restriction is set in an account information database; Determining whether a buy order is allowed (720); A step (730) of canceling the securities purchase amount set in the account information database or the securities purchase limit set in the deposit if it is determined that the buy order is allowed; (740) a buying transaction according to a buy order using the amount of money to be sold or the amount of money that has been withdrawn from the securities purchase restriction; And establishing a sell restriction, a release restriction, and a substitution restriction (750) on the securities purchased by concluding the buy transaction in the account information database.

In step 710, a buy order for securities may be received. Here, the buy order is a sale amount or a deposit amount, which is caused by the sale of the securities for which the sale restriction is set in the account information database, To buy securities. If the amount of the sale of the securities that has been lifted in the account information database or the deposit is insufficient to purchase the securities in accordance with the purchase order, Lt; / RTI > In addition, regardless of the existence of the amount of the sale or the amount of the sale in which the restriction on the purchase of securities is canceled in the account information database, the amount of the sale or the amount of deposit in which the restriction on the purchase of securities is set by the purchaser's will . The purchase order can be received from the customer or manager. In the case of the customer, the purchase order can be received from the customer terminal or by accepting the purchase intention of the customer's securities through a wire or a visit to a branch office.

At step 720, it may be determined whether a buy order is allowed.

In one embodiment, step 720 may be performed with reference to the purchase determination list. In this case, the buying judgment list includes a purchase allowance list including the amount of the contracted securities for which the lien is set or the securities for which the purchase of the securities using the deposit is allowed, and the securities of securities for which the lien- And a buy-and-sell list including the purchase-prohibited list. As a result of referring to the account information database, if the stock of the security subject to the purchase order is included in the buying judgment list and / or is not included in the purchase prohibition list, it can be judged that the purchase order is allowed. The contents of the buying judgment list may be created in accordance with the agreement between the parties. In addition, the buying judgment list may be generated by designation of an administrator, or may be generated in accordance with a predetermined buying permission requirement based on information on the credit of securities. For example, these allowances may include requirements for stocks, bonds, futures options, etc. The allowance list generated according to the allowable requirements may include, for example, the amount of the sale or the reason And the list of securities that are sold in accordance with the allowable requirements may include, for example, management items, investment warning items, investment risk items, trading suspension items, potato or merger items, An item for which the stock price has fallen below a predetermined ratio, an item for which the stock price has fallen over a predetermined ratio for a predetermined period, an inquiry demand item, and the like. The generation of the purchase allowance list may include an update of the allowed purchase allowance list. The update may be performed periodically and / or non-periodically, for example, when a change occurs in an allowable condition or the like.

In one embodiment, step 720 may be performed based on the approval of the lending institution, which is the lien of the securities purchase amount or the securities purchase limit set in the deposit. Specifically, in step 720, a purchase request message for securities is transmitted to a lending institution, and in response to the transfer, when a purchase approval message for securities is received from a lending institution, .

Subsequently, if it is determined that the buy order is permitted (step 720), the disposal limit set for the sale amount or the deposit can be released (step 730). Here, the disposal limitation can be canceled by releasing the amount of the sale amount set in the account information database or the number of securities settled in the deposit.

In step 740, the buyer may perform the buy transaction according to the purchase order using the sale amount or the deposit amount for which the disposal limitation is canceled. Buying transactions may be performed through the stock exchange during the validity period of the order as described above in connection with the performance of the sale transaction. In one embodiment, when a buy transaction is performed according to a buy order (step 740), a cancellation order can be received to cancel the buy order. The cancellation order can be made for at least some of the securities as well as for the entire securities subject to buy orders and can be received from the customer, the lender or the manager. In response to receipt of the cancellation order, the buyer's order is canceled through the stock exchange and the lending institution is set as a lien for the unsettled amount of transactions in the account information database .

The disposal limit may be set in the account information database for the securities purchased by the conclusion of the buy transaction performed in step 740 (step 750). Here, the setting of the disposal limit for the securities can be performed by setting the sell restriction, the release restriction, and the substitution restriction as the lien for the securities in the account information database in the account information database. According to the embodiment, if the number of purchased securities is greater than the selling amount of the securities that cause the restriction on the purchase of securities settled in the sale amount, the step (750) Setting a sell restriction, a release restriction, and a substitution restriction on the securities.

Conversely, if there is an unsettled amount in which the buy or sell transaction is not concluded in the sales amount or the deposit amount as a result of the purchase transaction during the order validity time, the disposal limit can be set for the unset amount in the account information database . The setting of the disposal limit for the unsettled amount can be performed by setting the limit on the purchase of securities with the lending institution as a lien against the unsettled amount or the deposit in the account information database.

The method 700 enables the repurchase if the securities for which the selling restriction is set up are sold for the customer's mistake or for the securing of the profit and by setting the disposal limit of the customer for the repurchased securities, And to ensure the status of the lender as a lien.

It will be understood by those skilled in the art that the steps shown in FIGS. 3 through 7 are not necessarily performed in the above-described order, and that the steps may be arbitrarily changed depending on the implementation. For example, in other embodiments, steps 370 and 380 of FIG. 3 may be performed prior to step 360.

FIG. 8 illustrates a security transaction apparatus 800 according to an embodiment of the present invention.

Apparatus 800 includes an interface module 810; An account information database 820; An order acceptance judgment module 830; An order creation module 840; An order processing module 850; Disposal limit setting module 860; Disposal limit release module 870; A redeeming module 880 and a loaning module 890.

The interface module 810 may receive a first sale order. The first sell order is an order to sell the securities included in the account of the customer and may include the stock and quantity of the securities to be sold, the selling price of the securities, and the personal information of the owner. In addition, a sell order can be made for some, as well as for the entire securities. The reception of the first sale order can be done from the customer terminal, or by accepting the sale intention of the customer's securities through a wire or a visit to a branch office. Also, the securities company server may receive the first sale order from the manager or the lending institution due to the execution of the lien.

The order acceptance determination module 830 may determine whether the sell restriction is set for the securities included in the first sale order. The restriction on the sale of securities is to reflect the lien held by the lender as a lien to secure the customer 's loan principal. The determination of the order acceptance determination module 830 may be performed by referring to an account information database including a customer's account information by the securities company server.

As a result of the determination by the order acceptance determination module 830, if the sell restriction is not set for the securities included in the first sale order, the order processing module 850 does not restrict the transaction, It is possible to carry out the sale transaction in accordance with the above. On the other hand, if it is determined that the sell restriction is set for the securities included in the first sale order, the order creation module 840 may generate the second sale order. The second sell order is to sell securities and stocks of the same number and quantity as the first sell order. Unlike the first sell order, the second sell order does not cover the securities included in the customer's account. The second sale order can be a short sale order. A short sale order is a sell order that is executed without securities, and if the sale contract is concluded according to the short sale order, the securities must be repaid before the settlement date. In addition, the second sale order may be to sell securities borrowed from a securities company. That is, the securities company server can rent securities of the same stock and quantity as the first sale order to the customer's account, and generate a second sale order to sell the loaned securities.

The order processing module 850 may perform the sale transaction according to the second sale order. Sale transactions can be made through the stock exchange. The sale transaction is performed during the order validity time, where the order validity time means the number of times the buyer requested the exchange or the time for which the sale order is in effect, for example, this order validity time may be from 8:00 am to 6:00 pm . During the order validity period, the second sell order is followed by the sale transaction, but there may be an unsettled amount of the securities to be sold that is not concluded to be sold. In this case, if the second sell order is a short sale order, the second sell order is canceled, and if the second sale order is for sale of the securities lent from the securities company, the unsettled amount is immediately or after a predetermined time It can be returned to the securities company.

The disposal limit setting module 860 may set a disposal limit for the amount of sales generated by the concluding of the sale transaction based on the second sale order. Here, the setting of the disposal limit for the amount of money to be sold may be performed by setting the limit on the number of securities for the amount of money to be sold, with the lending institution as a lien in the account information database 820. The setting of the disposal limit for the amount of money to be sold by the disposal limit setting module 860 can be made for the entire amount of the money to be sold or at least a part of the amount of money to be sold. For example, the setting of the disposal limit for the amount of the sale can be made based on a comparison of the amount of the sale and the principal amount of the loan. Specifically, the disposal limit setting module 860 compares the amount of sales proceeds and the loan principal; If the result of the comparison is that the sale amount is equal to or greater than the principal amount of the loan, the restriction on the number of securities is set for the sale amount corresponding to the loan principal amount in the account information database 820; If the result of the comparison is that the amount of money to be sold is less than the principal amount of the loan, the restriction on the number of securities can be set for the entire amount of money to be sold in the account information database 820.

The disposal limitation canceling module 870 may cancel the disposal restriction on the securities included in the first sale order in the account information database 820. [ Here, the lifting of the disposition restriction on securities may be carried out by at least releasing the substitution restrictions on securities. In order to guarantee the lender's position as a lien, the cancellation of the disposal restriction on the securities included in the first sale order is basically not allowed, but the disposal limit setting module 860 concludes the sale as a result of the sale transaction Even if the disposal limitation cancellation module 870 cancels the restriction on the securities included in the first sale order because the disposal limit is set as a lien for the amount of money, It can guarantee its status as a lien.

The redemption module 880 may replace the securities for which the disposal restriction is canceled by the disposal limitation canceling module 870 with the accounts of the brokerage firms. As described above, the second sale order generated by the order creation module 840 may be composed of securities sold by securities companies or short selling orders. Therefore, the redeeming module 880 can redeem the short sale or loaned securities by using the securities for which the disposal restriction is canceled by the disposal restriction canceling module 870. [

In this manner, the lending institution is set as a lien on the sale price of the second sale order, and the securities included in the first sale order (that is, the securities that the lending institution is set as a lien ), It is possible to convert the collateral of the lien as the lien as the lender to the amount of the sale from the securities. Accordingly, the present invention can produce the same effect as selling securities for which the security rights are substantially set by exchanging the collateral, without selling the securities for which the security rights are set.

Additionally, the disposal limit setting module 860, in the account information database 820, may set the disposal limit setting module 860 in the first sale order (e.g., before the disposal limit release module 870 releases the substitution restriction set in the securities included in the first sale order) The securities company may be set as a lien for the securities included in the securities. As a result, the mortgagor of the securities included in the first sale order can be replaced by the securities company from the lending institution. In order to ensure the lender's position as a lien, substitution of the lien for securities included in the first sale order is basically not permitted. However, since the disposal limit setting module 860 sets a disposal limit with the lending institution as a lien on the sale amount of the sales generated in accordance with the sale transaction of the second sale order, the disposal limit setting module 860 sets the disposal limit Even if a securities company is set as a lien for the securities included in the order, it is possible to guarantee the lien as a lien without losing the collateral value. After the disposal limit setting module 860 sets the selling restriction, the issuing restriction, and the substitution restriction with respect to the securities included in the first sale order as the security owner, the disposal restriction canceling module 870 sets the selling restriction The redemption module 880 releases the disposal limit for securities included in the first sale order, and the redemption module 880 can replace the securities for which the disposition restriction is canceled with the account of the securities company. Depending on the embodiment, the cancellation of the alternative restriction on securities by the disposal restriction revocation module 870 and the replacement of the securities by the redeeming module 880 may be performed after a predetermined period of time has elapsed, For example, if the sold-out amount is realized.

In addition, after the order processing module 850 performs the selling transaction in accordance with the second selling order, the disposal limitation setting module 860 sets the disposition limit setting module 860 to execute the selling transaction according to the second selling order in the account information database 820 The securities buyer can be set as a lien for the amount of the sale made by the securities company. That is, the disposal limit setting module 860 sets the disposal limit to the securities company as a lien for the sale amount, until the disposal limit is set for the lending institution as a lien for the sale amount, , It is possible to guarantee the securities company's status as a lien. The interface module 810 may transmit a message of requesting a lien replacement request for the securities included in the first sale order to the lending institution. Here, the replacement request message is a message requesting the replacement of the security holder set for the securities included in the first sale order. When the interface module 810 receives a replacement acceptance message from the lending institution in response to the transmission of the replacement request message, the setting of the securities purchase limit, in which the lending institution is set as a lien against the amount of the sale made by the disposal limit setting module 860 Release of the substitution restriction for the securities by the disposal restriction canceling module 870, and replacement of the securities by the redemption module 880 can be performed. According to the embodiment, before the disposal limitation canceling module 870 releases the substitute limit set in the securities, the disposal limit setting module 860 sets, in the account information database, the securities company included in the first sale order As a lien, you can set limits on sales, restrictions on shipment, and restrictions on substitution. As a result, the mortgagor of the securities included in the first sale order can be replaced by the securities company from the lending institution. After the disposal limit setting module 860 sets the selling restriction, the issuing restriction, and the substitution restriction with respect to the securities included in the first sale order as the security owner, the disposal restriction canceling module 870 sets the selling restriction The redemption module 880 releases the disposal limit for securities included in the first sale order, and the redemption module 880 can replace the securities for which the disposition restriction is canceled with the account of the securities company. The cancellation of the surrogate restriction on the securities by the disposal restriction revocation module 870 and the replacement of the securities by the redeeming module 880 can be performed immediately or after a predetermined period of time has elapsed or when certain requirements are met (e.g., If the sale amount of money is realized).

In one embodiment, the order acceptance determination module 830 may determine whether the first sale order is allowed based on the security status of the security contained in the first sale order. Here, the collateral status can be determined by the value of the security and the collateral rate determined by the loan principal. The collateral status may also be specified according to at least one of the customer's credit rating and the credit information of the security and the collateral ratio. If the order acceptance determination module 830 determines that the first sale order is allowed, the order creation module 840 may generate a second sale order.

In one embodiment, if the sell-off amount for which the disposal limit is set is made cash, the disposal limit setting module 860 can set a disposal limit for the deposit amount, which is the cash-on-sales amount to be sold in the account information database 820. The disposal limit setting for the deposit may be performed by setting the withdrawal limit, the transfer limit, and the limit on the purchase of securities on the deposit amount, which is the amount of money sold as the lien for the lender, as the disposal limit setting module 860. Generally, even if a sale transaction is concluded, the amount of the sale is immediately converted into cash and is not deposited in the customer's account. After the settlement of the securities company, the amount of the sale is realized. Such a payment may take, for example, a period of about two to three days. By setting a disposal limit for deposits, it is possible to limit the disposition by the customer and guarantee the lien status of the lending institution. The deposit may thereafter be transferred to the lending institution's account for the repayment of the principal of the loan by the redemption module 880, but the deposit may not be made at the time when the deposit is created and when the transfer is possible, or the lending institution may not approve the transfer So as to limit the customer's disposition to deposits until the time of transfer. However, if the date of deposit is matched with the transfer date, the transfer of the deposit may be made without setting a disposal limit for the deposit.

The setting of the disposal limit for the deposit by the disposal limit setting module 860 may be made for at least part of the deposit or the deposit. For example, setting a disposition limit on deposits can be based on a comparison of deposit and loan principal. Specifically, the disposal limit setting module 860 compares the deposit and loan principal with the setting of the disposal limit for the deposit; If the result of the comparison is that the deposit is equal to or larger than the principal amount of the loan, the disposal limit is set for the deposit corresponding to the loan principal in the account information database 820; If the result of the comparison is that the deposit is less than the loan principal, it can be performed by setting a disposal limit for the entire deposit in the account information database 820. In other words, if the deposit is larger than the principal of the loan, it is not necessary to limit the activity of the customer unnecessarily by setting a disposal limit for the entire deposit because the loan can be repaid only by the deposit equivalent to the loan principal.

In one embodiment, after the disposal restricting module 870 releases the transfer restriction on the disposal limit set for the deposit in the account information database 820, the redeeming module 880 transfers the withdrawn deposit to the account of the lending institution . This allows the lender to repay the customer's loan principal. According to an embodiment, the interface module 810 may send a transfer request message for the deposit to the lending institution before the disposal limitation release module 870 releases the transfer restriction set for the deposit. In response to the transfer of the transfer request message, when the interface module 810 receives the transfer approval message for the deposit from the lending institution, the disposal limitation release module 870 transfers the transfer limit set for the deposit in the account information database 820 And the redemption module 880 may transfer the deposited deposit to the account of the lending institution. Depending on the embodiment, release of the transfer restriction on the deposit by the disposition restriction release module 870 can be done collectively for the entire deposit. In this case, the redemption module 880 can return the surplus to the customer's securities account if the deposit with the transfer restriction is transferred to the lending institution account and the deposit exceeds the loan principal. In another embodiment, the release of the transfer restriction on the deposit by the disposition restriction release module 880 may be based on a comparison of the deposit and the loan principal. Specifically, the disposal restricting release module 880 compares the deposit and the loan principal; If the result of the comparison is that the deposit is more than the loan principal, the account information database releases the transfer limit set for the deposit corresponding to the loan principal in the deposit; As a result of the comparison, if the deposit is below the principal amount of the loan, the transfer limit set for the entire deposit can be released from the account information database. In other words, if the deposit is larger than the loan principal, it is not necessary to transfer the whole of the deposit entirely because the loan can be repaid only by the deposit equivalent to the loan principal. When the securities company server receives a message from the lending institution about the completion of the loan repayment, the customer can freely dispose of the deposit that has not been transferred.

In one embodiment, the lending module 890 may generate a loan with the collateral amount generated by the conclusion of the sale transaction as collateral. If the loan module 890 generates a loan, the redemption module 880 may transfer the loan to the account of the lending institution to repay the loan principal. Through this, the amount corresponding to the sale amount can be converted into cash before the deposit occurs from the sale amount, and the customer can repay the loan principal from the lending institution. The repayment of the principal of the loan using the loan is the same as the repayment of the principal of the loan using the deposit. However, in order to reflect this, the disposal limit setting module 860 may set the securities company as a lien for the sale amount in the account information database 820, You can set limits. In this case, the brokerage firm may be set as a subordinate collateral for the lending institution, which is the senior lien. Since the loan is for repayment of the loan principal, the disposal limit setting module 870 may set the disposal limit for the loan to the account information database 820 to prevent the disposal of the customer. At the time of repayment of the loan principal, the redemption module 880 transfers at least a part of the loan (for example, the loan interest and the fee corresponding to the fee) to the account of the securities company and transfers the remainder to the account of the lending institution can do. Here, the portion corresponding to the interest in the loan is calculated, for example, by applying the interest rate designated by the agreement between the party (the customer and the securities company) to the portion of the loan excluding the interest from the time when the loan is generated until the time when the loan disappears . Thereafter, if the sale price is cash-in and the deposit occurs, the loan can be canceled by offsetting the deposit and the loan.

In one embodiment, if the interface module 810 receives a message indicating that reimbursement of the loan principal has been completed from the lending institution due to the transfer of the deposit, the transfer of the loan, or another cause, the disposal restricting release module 870, (820) may release any disposition limitation set for at least one of the securities, the amount of money to be sold, and the deposit to secure the loan principal. This is because when the repayment of the loan is completed, it is not necessary to maintain the limit set in the account information database. In this case, the interface module 810 may transmit a message to the customer regarding the repayment of the loan principal and the termination of the collateral.

In one embodiment, the interface module 810 may receive a cancel order canceling the first sale order when the sale transaction is performed by the order processing module 850 according to the second sale order. A cancel order can be made for some, as well as for the entire securities subject to a sell order, and can be received from customers, lenders or managers. In the case of the customer, the cancellation order can be received from the customer terminal, or by accepting the cancellation order of the purchase order of the customer through the wire or the visit to the branch office. In response to receiving the cancel order, the order processing module 850 may cancel the first sale order and cancel the second sale order through the stock exchange. If the second sale order for selling the securities lent from the securities company is canceled, the redemption module 880 may return the unsettled amount of the sale transaction to the securities company immediately or after a predetermined time has elapsed.

In one embodiment, new securities or new deposits may arise from securities that are subject to sale restrictions, issue restrictions, or substitution restrictions in the account information database 820 due to potatoes, capital increase and stock splits, mergers, and incineration. In this case, the disposal limitation setting module 860 sets the selling restriction, the issuing restriction, and the substitution restriction on the new securities in the account information database 820, or the withdrawal restriction, the transfer restriction, and the buying restriction on the new deposit Can be set.

In one embodiment, when the interface module 810 receives the attribute information for at least one of the securities, the sale amount and the deposit included in the customer's account, The attribute information regarding at least one of the sales amount and the deposit amount may be changed. If at least one of the attribute information received or the attribute information in the account information database 820 is changed by the passage of time or the processing of the buy / sell order, the interface module 810 lends a message relating to the changed attribute information To the organization. It is possible for the lending institution to quickly grasp the change of the property information in the account information database.

In one embodiment, the interface module 810 may receive information about the principal of the loan, including the principal and amount of the security to secure the principal of the loan, the interest of the loan, the payment history, and the principal of the loan. This reception may be periodic and / or non-periodic. In addition, the interface module 810 may transmit to the lending institution or the customer at least one of the information about the security amount and the security ratio of the securities for which the selling restriction is set in the account information database 820. Here, the collateral ratio can be determined, for example, by (security value / loan principal). The transmission may be periodic and / or aperiodic. For example, the transmission may occur at a time specified by consultation between the brokerage firm, the customer and the lending institution, or when the coverage rate is below a predetermined threshold, wherein the predetermined threshold may be a value designated by the lending institution. In this way, the securities company server can receive the information about the loan principal from the lending institution and manage it, so that it can contribute to the management of the collateral and send information about the value of the securities and the collateral ratio to the lending institution, . ≪ / RTI > In addition, information sharing between lenders and brokerage firms can promptly identify and respond to collateral situations.

In one embodiment, the securities may be purchased using the proceeds of the sale or deposits for which the securities purchase restriction is set. First, the interface module 810 can receive a purchase order for a securities. Here, the buy order is a transaction in which a sale restriction is set in the account information database, Or purchases securities using deposits.

When the interface module 810 receives the buy order, the order permission determination module 830 can determine whether the buy order is allowed. As an example, the order acceptance determination module 830 can determine whether a buy order is permitted by referring to the buy determination list. In this case, the buying judgment list includes a purchase allowance list including the amount of the contracted securities for which the lien is set or the securities for which the purchase of the securities using the deposit is allowed, and the securities of securities for which the lien- And a buy-and-sell list including the purchase-prohibited list. If the item of the security subject to the purchase order is included in the purchase judgment list and / or does not belong to the purchase prohibition list as a result of referring to the account information database 820, the order permission determination module 830 determines that the buy order is permitted It can be judged. As an example, the order acceptance determination module 830 may determine whether the buy order is allowed based on approval by the lending institution, which is the security holder of the securities purchase amount limit set in the sale amount or deposit. Specifically, the interface module 810 transmits a purchase request message for the securities to the lending institution, and in response to the transmission of the purchase request message, the interface module 810 receives the purchase approval message for securities from the lending institution The order acceptance determination module 830 may determine that the buy order is permitted.

When it is determined that the order acceptance determination module 830 permits the purchase order, the disposal limitation canceling module 870 can cancel the disposal limit set in the sale amount or the deposit. Here, the cancellation of the disposal restriction can be performed by releasing the amount of money to be sold or the limit on the number of securities set in the deposit in the account information database 820.

The order processing module 850 can perform the buy transaction according to the purchase order using the sale amount or the deposit amount for which the disposal limitation is canceled by the disposal limitation canceling module 870. [ According to an embodiment, when the buy transaction is performed by the order processing module 850, the interface module 810 may receive a cancel order to cancel the buy order. The cancellation order can be made for at least some of the securities as well as for the entire securities subject to buy orders and can be received from the customer, the lender or the manager. In response to the receipt of the cancel order, the order processing module 850 cancels the buy order through the stock exchange, and the disposal limit setting module 860 makes the purchase transaction among the securities in the account information database 820 The lending institution may be set as a lien for the unsettled amount, and the restriction on the purchase of securities.

The disposal limit setting module 860 may set a disposal limit in the account information database 820 for the securities purchased by concluding the buy transaction performed by the order processing module 850. [ Here, the setting of the disposal limit for the securities can be performed by setting the sell restriction, the release restriction, and the substitution restriction on the securities in the account information database 820 with the lending institution as a lien. According to the embodiment, when the quantity of purchased securities is larger than the selling quantity of securities that cause the restriction on the purchase of securities set in the sale price, the disposal limit setting module 860 sets the selling price For the same quantity of securities, you can set up selling restrictions, issuing restrictions, and substitution restrictions.

On the contrary, if there is an unsettled amount that is not a contracted transaction amount or an unsuccessful purchase transaction in the deposit, the disposal limit setting module 860 sets the disposition limit setting module 860 in the account information database 820 You can set a disposal limit for the amount you have not yet committed. Here, the setting of the disposal limit for the unsettled amount can be performed by setting the limit on the number of securities to be set as a lien for the unsettled amount or deposit in the account information database 820.

It will be appreciated that each module 810-890 shown in FIG. 8 may be implemented by a plurality of physical devices and may be implemented by a single physical device. For example, each of the modules 810 through 890 may be implemented using various methods, such as using software or using firmware.

As described above, an optimal embodiment has been disclosed in the drawings and specification. Although specific terms have been employed herein, they are used for purposes of illustration only and are not intended to limit the scope of the invention as defined in the claims or the claims. Therefore, those skilled in the art will appreciate that various modifications and equivalent embodiments are possible without departing from the scope of the present invention. Accordingly, the true scope of the present invention should be determined by the technical idea of the appended claims.

Claims (60)

A securities trading method performed by a server,
Receiving a first sale order for selling securities contained in a customer's account, the first sale order including an item and a quantity of securities to be sold;
Determining whether a sell restriction is set for the security to refer to the account information database of the customer and to make the loan principal of the customer a security;
Generating a second selling order for selling the same stock and quantity of securities as the first selling order if the selling restriction is set in the securities;
Performing a selling transaction according to the second selling order;
Setting a securities purchase limit in the account information database with the lending institution as a lien for the sale amount of money generated by the conclusion of the sale transaction based on the second sale order;
Releasing, in the account information database, a substitution restriction set on securities included in the first sale order; And
Replacing the securities for which the substitution restriction is canceled with an account of the securities company,
Wherein the account information database includes attribute information about sale restriction, release restriction, and substitution restriction for securities included in the account of the customer; Property information on whether the restriction on the purchase of securities for the amount of sale is set; Property information on withdrawal limits on deposits, transfer restrictions, and restrictions on the purchase of securities; And attribute information about a security holder of the security right set in at least one of the security, the sale amount, and the deposit,
Method of trading securities. The method according to claim 1,
The method according to any one of claims 1 to 3, wherein, in the account information database, a securities company is regarded as a lien for the securities included in the first sale order before releasing the substitute limit set for the securities included in the first sale order, Setting an alternate limit;
Method of trading securities. The method according to claim 1,
The brokerage system may further include a brokerage company that, as a result of the sale transaction according to the second sale order, Setting a limit; And
Further comprising the step of transmitting, to the lending institution, a replacement request message of the security holder set for the securities included in the first sale order,
Wherein the step of setting a securities purchase limit with the lending institution as a lien for the sale amount is replaced with a step of replacing the securities with the account of the securities company, When a message is received,
Method of trading securities. The method of claim 3,
Setting a sell restriction, a release restriction, and a substitution restriction on the securities included in the first sale order in the account information database before the step of canceling the substitute restriction set in the securities, ≪ / RTI >
Method of trading securities. The method according to claim 2 or 4,
Releasing an alternative restriction set on the security; And the step of replacing the security with the account of the securities company is performed when a predetermined period of time has elapsed or when the sale amount of money is realized,
How to trade securities 5. The method according to any one of claims 1 to 4,
Further comprising the step of determining whether the first sale order is allowed based on the security status of the security included in the first sale order,
Wherein if it is determined that the first sale order is allowed, then generating the second sale order is performed,
Method of trading securities. The method according to claim 6,
The collateral status is determined by the value of the security and the collateral rate determined by the loan principal,
Method of trading securities. 8. The method of claim 7,
Wherein the collateral status is determined based on at least one of a customer's credit rating and credit information,
Method of trading securities. 5. The method according to any one of claims 1 to 4,
The second sale order is a short sale order,
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Wherein generating the second sale order comprises:
Renting securities and the same amount of securities as the first sale order to the account of the customer; And
And generating the second selling order for selling the borrowed securities.
How to trade securities 5. The method according to any one of claims 1 to 4,
The step of setting a securities purchase limit with the lending institution as a lien for the amount of the sale proceeds includes:
Comparing the sale amount and the loan principal;
If it is determined that the sale amount is equal to or greater than the loan principal amount, the credit amount limit setting unit sets the stock limit by setting the lending institution as a lien on the sale amount corresponding to the loan principal amount of the sale commitment amount in the account information database step; And
And setting a securities purchase limit with the lending institution as a lien for the entire amount of the sale proceeds in the account information database when the sale amount is less than the loan principal amount as a result of the comparison.
Method of trading securities. 5. The method according to any one of claims 1 to 4,
If the sale amount set by the lending institution as a lien is made in the account information database, the lending institution is assumed to be the lien on the deposit amount which is the amount of money sold in the account information database in the account information database, Further comprising the step of setting a number limit,
Method of trading securities. 13. The method of claim 12,
The step of setting the withdrawal restriction, the transfer restriction, and the securities purchase restriction on the deposit with the lending institution as a lien,
Comparing the deposit with a loan principal secured by the deposit;
As a result of the comparison, if the deposit is equal to or greater than the loan principal amount, the withdrawal limit, transfer limit, and securities purchase limit are set for the deposit corresponding to the loan principal among the deposit in the account information database, step; And
Setting a deposit limit, a transfer restriction, and a securities purchase limit as the lien on the entire deposit in the account information database when the deposit is less than the loan principal,
Method of trading securities. 13. The method of claim 12,
Releasing the transfer restriction set in the deposit in the account information database; And
And transferring the deposited deposit to the account of the lending institution.
How to trade securities 15. The method of claim 14,
The step of releasing the transfer restriction set to the deposit includes:
Transmitting a transfer request message for the deposit to the lending institution; And
And releasing the transfer restriction set on the deposit in the account information database when receiving the transfer approval message for the deposit from the lending institution in response to the transfer.
Method of trading securities. 15. The method of claim 14,
The step of releasing the transfer restriction set to the deposit includes:
Comparing the deposit with a loan principal secured by the deposit;
If the deposit is equal to or greater than the loan principal, canceling the transfer restriction set for the deposit corresponding to the loan principal from the account information database in the account information database;
And releasing the transfer restriction set for the whole deposit in the account information database when the deposit is less than the loan principal.
Method of trading securities. The method according to claim 1,
Generating a loan of an amount of money secured by the sale amount of money with the customer as a lender; And
Further comprising transferring the loan to an account of the lending institution to repay the loan principal,
If the deposit amount is accrued and the deposit is generated, the deposit and the loan are offset,
Method of trading securities. 11. The method of claim 10,
If there is an unsettled amount of the securities included in the second sale order that is not concluded by the sale transaction as a result of the sale transaction based on the second sale order during the order validity period, Further comprising:
Method of trading securities. The method according to claim 2 or 4,
If the sale is concluded for at least a part of the securities included in the second selling order as a result of the selling transaction according to the second selling order during the validity period of the order, Wherein the step of setting the selling restriction, the issuing restriction, and the substitution restriction with the securities company as a lien is performed on a quantity of securities corresponding to the at least a part of the securities included in the first sale order,
Method of trading securities. The method according to claim 2 or 4,
Further comprising the step of replacing the same security as the securities sold according to the second sale order,
The step of releasing the substitution restriction set in the securities included in the first sale order is performed on the securities corresponding to the substitute securities among the securities included in the first sale order,
The step of replacing the security with the account of the broker is not performed,
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Receiving a purchase order for purchasing securities using the sale amount or the deposit amount for which the securities purchase limit is set using the lending institution as the lien for the account in the account information database;
Determining whether the buy order is allowed;
If it is determined that the buy order is allowed, canceling the securities purchase limit set in the sale amount or the deposit in the account information database;
Performing a buy transaction in accordance with the buy order using the sale amount or deposit with the restriction on the purchase of securities being released; And
Further comprising the step of setting a sell restriction, a release restriction, and a substitution restriction for the securities purchased by concluding the buy transaction in the account information database,
Method of trading securities. 22. The method of claim 21,
Wherein the step of determining whether the buy order is allowed is performed by:
Transmitting a purchase request message for the securities to the lending institution; And
Determining, in response to the transfer, that the buy order is allowed when receiving a buy acceptance message for the security from the lending institution;
Method of trading securities. 22. The method of claim 21,
The step of determining whether the purchase order is permitted is performed by referring to the purchase decision list,
Wherein the buying judgment list includes at least one of a buying allowable list including stocks of securities for which buying is permitted and an unsuccessful buying list including stocks of securities for which buying is not permitted,
Method of trading securities. 24. The method of claim 23,
The Acceptance List is a list of securities that include securities of sold securities that cause the sale price or the deposit to be restricted.
Method of trading securities. 22. The method of claim 21,
If there is an unsettled amount in which the sale transaction amount or the purchase transaction is not concluded in the deposit transaction as a result of performing the buy transaction during the order validity period, Further comprising the step of setting a securities purchase limit as a lien,
Method of trading securities. 22. The method of claim 21,
Receiving a cancel order for canceling the buy order; And
The purchase order is canceled in accordance with the cancellation order and the lending institution is regarded as a lien for the unsettled amount in which the sale amount or the purchase transaction of the deposit is not concluded in the account information database, Further comprising:
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Receiving a cancel order for canceling the first sale order; And
Further comprising canceling the first sale order and the second sale order in accordance with the cancel order,
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Receiving property information about at least one of securities, sales amount, and deposit included in the account of the customer; And
Further comprising the step of modifying property information relating to at least one of a security, a sale price, and a deposit in the account information database according to the received property information.
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Setting a sell restriction, a release restriction, and a substitution restriction on the new securities in the account information database when new securities are generated from the securities in which the sale restriction, the release restriction, and the substitution restriction are set in the account information database; And
Setting a withdrawal restriction, a transfer restriction, and a securities purchase restriction for the new deposit in the account information database when a new deposit is generated from the securities for which sale restriction, release restriction, and substitution restriction are set in the account information database Further included,
Method of trading securities. 5. The method according to any one of claims 1 to 4,
Releasing all restrictions set on at least one of the securities, the amount of money to be sold, and the deposit to secure the loan principal in the account information database when receiving a message from the lending institution that the reimbursement of the loan principal has been completed ≪ / RTI >
Method of trading securities. An interface module for communicating with customers, administrators and lenders;
Attribute information on sale restriction, release restriction, and substitution restriction on securities included in the customer's account; Property information on whether the restriction on the purchase of securities for the amount of sale is set; Property information on withdrawal limits on deposits, transfer restrictions, and restrictions on the purchase of securities; And an attribution information database including attribution information about a security holder of a security right set in at least one of the securities, the sale amount and the deposit;
When the interface module receives a first sale order for selling the securities included in the account of the customer, the interface module inquires the account information database for the securities to be borrowed from the lending institution An order acceptance judgment module for judging whether or not a sell restriction is set as a security holder; the first sale order includes an item and a quantity of securities to be sold;
When the order acceptance determining module determines that the selling limit is set by making the lending institution as a lien on the security, the second selling order for selling the securities and the securities of the same item and quantity as the first selling order is generated An order creation module;
An order processing module for performing a sell transaction according to the second sale order;
A disposal limit setting module for setting a securities purchase limit in the account information database with the lending institution as a lien for the amount of money to be sold generated by concluding the sale transaction based on the second sale order;
A disposal limitation releasing module for releasing, in the account information database, a substitution restriction set on a security included in the first sale order; And
A redeeming module for replacing the securities for which the substitution restriction is canceled with an account of a securities company;
The securities transaction device. 32. The method of claim 31,
Before the disposal limitation canceling module releases the substitution restriction set for the securities included in the first sale order, the disposal limitation setting module sets, in the account information database, the securities included in the first sale order, As a lien, to limit the sale, limit the release, set an alternative limit,
Securities trading device. 32. The method of claim 31,
After the order processing module performs the selling transaction in accordance with the second selling order, the disposal limit setting module sets the selling price of the selling transaction amount generated by the sale transaction based on the second selling order in the account information database The securities company is set as a lien for the securities purchase restriction,
The interface module transmits to the lending institution a replacement request message of the security holder set for the securities included in the first sale order,
A settlement limit setting module which sets the lending institution as a lien on the sale amount set by the disposal limit setting module when the interface module receives a replacement acceptance message from the lending institution in response to transmission of the replacement request message, The release of the substitute restriction on the security by the disposal limitation canceling module, the replacement of the security by the redemption module,
Securities trading device. 34. The method of claim 33,
The disposal limit setting module may set the disposal limit setting module to restrict the selling of the securities included in the first sale order to the securities company as a security owner before the disposal restriction canceling module releases the substitute restriction set in the securities, Setting the release limit, the replacement limit,
Securities trading device. 35. The method according to claim 32 or 34,
The withdrawal limitation of the securities by the disposal limitation canceling module and the replacement of the securities by the redeeming module are performed when a predetermined period of time elapses or when the sale amount of money is realized,
Securities trading device. 35. The method according to any one of claims 31 to 34,
Wherein the order acceptance determination module determines whether the first sale order is allowed based on the security status of the security included in the first sale order,
If the order acceptance determination module determines that the first sale order is allowed, the order creation module generates the second sale order,
Securities trading device. 37. The method of claim 36,
The collateral status is determined by the value of the security and the collateral rate determined by the loan principal,
Securities trading device. 39. The method of claim 37,
Wherein the collateral status is determined based on at least one of a customer's credit rating and credit information,
Securities trading device. 35. The method according to any one of claims 31 to 34,
The second sale order is a short sale order,
Securities trading device. 35. The method according to any one of claims 31 to 34,
The order creation module includes:
Borrowing securities of the same number and quantity as the first sale order to the account of the customer; And
Generating the second selling order for selling the borrowed securities,
Securities trading device. 35. The method according to any one of claims 31 to 34,
Wherein the disposal limitation setting module comprises:
Compare the amount of the sale and the loan principal;
If it is determined that the sale amount is equal to or greater than the loan principal amount, the credit limit is set as the lien for the sale amount corresponding to the loan principal amount of the sale commitment amount in the account information database ; And
And setting the securities purchase limit as the lien on the entire amount of the sale proceeds in the account information database when the sale amount is less than the loan principal amount as a result of the comparison,
Securities trading device. 35. The method according to any one of claims 31 to 34,
The cash settlement amount setting module sets the cash settlement amount settled by the lending institution as a lien on the deposit amount that is the cash-in-sales amount settled in the account information database, Restrictions, transfer restrictions, securities restrictions,
Securities trading device. 43. The method of claim 42,
Wherein the disposal limitation setting module comprises:
Compare the deposit with the loan principal secured by the deposit;
As a result of the comparison, if the deposit is equal to or greater than the loan principal amount, the withdrawal restriction, transfer restriction, and securities purchase restriction are set for the deposit corresponding to the loan principal among the deposit in the account information database, ; And
If the deposit is less than the loan principal, the deposit information, the transfer restriction, and the restriction on the purchase of securities are set in the account information database with the lending institution as a lien for the entire deposit,
Securities trading device. 43. The method of claim 42,
The disposal limitation canceling module releases the transfer restriction set in the deposit in the account information database,
The redemption module transfers the deposit with the transfer restriction released to the account of the lending institution,
Securities trading device. 45. The method of claim 44,
The interface module transmits a transfer request message for the deposit to the lending institution, and when the interface module receives the transfer approval message for the deposit from the lender in response to the transfer, Releasing the transfer restriction set in the deposit in the account information database,
Securities trading device. 45. The method of claim 44,
Wherein the disposal limitation releasing module comprises:
Compare the deposit with the loan principal secured by the deposit;
If the deposit is equal to or larger than the loan principal, canceling the transfer restriction set for the deposit corresponding to the loan principal from the account information database in the account information database; And
And when the deposit is less than the loan principal, releasing the transfer restriction set for the entire deposit in the account information database,
Securities trading device. 32. The method of claim 31,
Further comprising a loan module for generating a loan of an amount of money secured by the sale amount, with the customer as a borrower,
The redemption module transfers the loan to an account of the lending institution to repay the loan principal,
If the deposit amount is accrued and the deposit is generated, the deposit and the loan are offset,
Securities trading device. 41. The method of claim 40,
When the order processing module executes a selling transaction based on the second selling order during the order validity period and there is an unsettled quantity of the securities included in the second selling order, Is replaced with the brokerage firm,
Securities trading device. 35. The method according to claim 32 or 34,
When the order processing module performs selling for at least a part of the securities included in the second selling order as a result of the selling transaction based on the second selling order during the order validity period, The securities information management system according to the first aspect of the present invention is characterized in that, in the account information database, the securities company is set as a security owner for the securities included in the first sale order,
Securities trading device. 35. The method according to claim 32 or 34,
If the same securities as the securities sold pursuant to the second sell order are substituted,
The disposal limitation canceling module cancels the substitute limit set on the securities corresponding to the replaced securities among the securities included in the first sale order,
Wherein the redemption module does not replace the securities for which the substitution restriction is canceled with the account of the securities company,
Securities trading device. 35. The method according to any one of claims 31 to 34,
When the interface module receives from the account information database the purchase order for purchasing the securities using the sale amount or the deposit amount for which the securities purchase restriction is set by using the lending institution as the lien for the lending institution, Determining whether an order is allowed;
When the order acceptance determination module determines that the buy order is permitted, the disposal limit releasing module releases the securities purchase limit set in the sell-through amount or the deposit in the account information database,
Wherein the order processing module performs a buy transaction according to the buy order using the sale amount or the deposit amount for which the securities purchase restriction is canceled; And
Wherein the disposal limit setting module sets the sell restriction, the release restriction, and the substitution restriction as the lien for the securities purchased by concluding the buy transaction in the account information database,
Securities trading device. 52. The method of claim 51,
The interface module transmits a purchase request message for the securities to the lending institution,
When the interface module receives the purchase approval message for the security from the lending institution in response to the transmission, the order permission determination module determines that the purchase order is permitted,
Securities trading device. 52. The method of claim 51,
Wherein the order acceptance determination module determines whether the buy order is permitted by referring to the buy determination list;
Wherein the buying judgment list includes at least one of a buying allowable list including stocks of securities for which buying is permitted and an unsuccessful buying list including stocks of securities for which buying is not permitted,
Securities trading device. 54. The method of claim 53,
The Acceptance List is a list of securities that include securities of sold securities that cause the sale price or the deposit to be restricted.
Securities trading device. 52. The method of claim 51,
When the order processing module executes a buying transaction during the order validity time and there is an unsettled amount in which the sale transaction amount or the purchase transaction is not concluded in the deposit, And setting a limit on the number of securities to be taken as a lien for the unsettled amount in the lending institution,
Securities trading device. 52. The method of claim 51,
Wherein the order processing module cancels the purchase order according to the cancel order when the interface module receives a cancel order for canceling the buy order and the disposal limit setting module sets the disposition limit amount in the account information database The amount of the purchase transaction is not settled in the deposit, the lending institution is set as a lien for the unsettled amount,
Securities trading device. 35. The method according to any one of claims 31 to 34,
When the interface module receives a cancel order for canceling the first sale order, the order processing module cancels the first sale order and the second sale order according to the cancel order,
Securities trading device. 35. The method according to any one of claims 31 to 34,
When the interface module receives the attribute information of at least one of the securities included in the account of the customer, the amount of money to be sold, and the deposit, the method further comprises the step of, in accordance with the received property information, The property information about at least one of the deposits is changed,
Securities trading device. 35. The method according to any one of claims 31 to 34,
When the new securities are generated from the securities having the sale restriction, the release restriction, and the substitution restriction in the account information database, the disposal restriction setting module sets the selling restriction, the issuance restriction, and the substitution To set limits,
In the case where a new deposit occurs from the securities whose sale restriction, release restriction, and replacement restriction are set in the account information database, the disposal restriction setting module sets the withdrawal limit, the transfer restriction, and the purchase of securities To set limits,
Securities trading device. 35. The method according to any one of claims 31 to 34,
When the interface module receives a message from the lending institution indicating that reimbursement of the loan principal has been completed, the disposal limitation releasing module deletes at least one of the securities, the sale amount, and the deposit to secure the loan principal in the account information database Lt; RTI ID = 0.0 > all < / RTI &
Securities trading device.

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