WO2001033485A1 - System and method of managing collateral - Google Patents
System and method of managing collateral Download PDFInfo
- Publication number
- WO2001033485A1 WO2001033485A1 PCT/US2000/030462 US0030462W WO0133485A1 WO 2001033485 A1 WO2001033485 A1 WO 2001033485A1 US 0030462 W US0030462 W US 0030462W WO 0133485 A1 WO0133485 A1 WO 0133485A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- lender
- collateral
- transaction
- broker
- item
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
Definitions
- the invention is directed in general to a system for performing, tracking and analyzing (i.e. managing) a global collateral market , and more particularly to a computer network based
- One aspect of the invention comprises a method of management of collateral. Such a
- method includes the steps of providing at least one broker desirous of borrowing at least one
- the method further includes the steps of transmitting the query
- the step of determining comprises
- the step of ranking the at least one lender in order of desirability is the step of ranking the at least one lender in order of desirability.
- step of ranking comprises the step of analyzing at least one parameter associated with at least one
- the method is a combination of the lender, the broker and the item of collateral.
- the method is a combination of the lender, the broker and the item of collateral.
- the method further comprises
- the method further comprises the step of completing a transaction upon receiving a positive response to the query from the lender to whom the query has been transmitted.
- the method further comprises the step of monitoring the transaction.
- the step of monitoring the transaction comprises the steps of obtaining information pertaining to the item of collateral; comparing the information
- the lender if at least one parameter of the item of collateral (i.e. price) changes.
- i.e. price i.e. the item of collateral
- the method further comprises the step of adjusting the transaction due to changes associated with the at least one parameter of the item of collateral.
- the method further includes the step of storing information pertaining to the
- the method further comprises the step of providing
- the method further comprises the step of
- the method further comprises the step of analyzing the transaction relative to at
- the method operates in an environment wherein the at least one broker comprises a plurality of brokers, and the at least one lender comprises a plurality of
- lenders, and the at least one item of collateral comprises a plurality of items.
- the invention comprises a system for facilitating the
- the system comprises means for associating at least one
- the at least one item of collateral and means for rectifying the transaction on an on-going basis during the pendency of the transaction.
- the facilitating means further comprises means for ranking the lenders relative to desirability as pertaining to the at least one lender and the at least one item of
- the rectifying means comprises means for comparing the transaction relative to outside parameters; and means for alerting at least one of the broker and
- the lender upon satisfaction of a predetermined condition (i.e. change in value of the collateral).
- system further comprises means for storing data
- Fig. 1 of the drawings is a schematic view of the present invention.
- Fig. 2 of the drawings is a schematic view of the general operation of a collateral lending transaction.
- Global collateral management system 10 is shown in Fig. 1 as comprising means 12 for
- means 14 for providing support for trading between
- brokers 102 means 17 for storing data accumulated from data receiving means, means 20 for
- System 10 may
- server based computers 25 which include various software for accomplishing
- Each of lenders 101 and brokers 102, as shown in Fig. 1 are associated with system 10.
- each lender and broker may be associated with a computer, such as computers 24 which
- network 26 may utilize the resources of the Internet and the World
- WAN/LAN Wide Web
- WAN/LAN dedicated network
- 101 and brokers 102 comprises means 60 for receiving a query, means 62 for analyzing the query,
- the query analyzing means analyzes the query and determines the lender in the best position to
- the transmitting means then transmits the query to the appropriate broker.
- the analyzing means may rank the possible lenders in order of desirability inasmuch as it is
- Transaction performing means 20 comprises means 70 for finalizing the transaction and
- the record storing means 17 then stores the transaction
- Means 22 for receiving data pertaining to the collateral and the transaction comprises a link
- collateral data server 30 includes data pertaining to the present costs
- data can be transmitted realtime to server 25 for storage. Similarly, the data can be sent to server 25
- collateral can comprise a multitude of different classes of collateral in a worldwide market. Indeed,
- the system is capable of handling different classes of collateral individually, as well as collectively. Indeed, the operation of the system is not governed by the type of transaction; rather, the substance of the transaction (i.e. the collateral) is not particularly relevant to the overall operation.
- Means 18 for storing data comprises a plurality of data storage units which can retain
- the data is used by the lenders and the brokers for all aspects of the transaction from the pre-transaction negotiation, to the transaction itself, to the post-transaction monitoring. Indeed,
- Such storage devices can comprise hard drives, tape storage units, CD's, optical storage units or other
- the data is generally stored for longer terms than is currently available,
- the data storage means comprises a compilation
- Rectification means 16 comprises means 33 for comparing data received from various sources
- means 34 for alerting subscribers as to a problem with a particular transaction means 34 for alerting subscribers as to a problem with a particular transaction, means 37 for tracking and storing identified problems, means 34 for
- the rectification means can facilitate
- broker 102 is desirous of borrowing a stock for a client who
- Broker 102 utilizes pre-trade facilitating means, and more particularly
- query receiving means 60 to, in turn, input the desired stock into the system as a query. Analyzing
- means 62 then optimizes the query by reviewing various factors as performance of particular lenders,
- lenders are ranked in order from most desirable
- the system through query transmitting means transmits the request
- the lender can then accept or reject the query (i.e. based on any
- the lender can decide to lend the collateral or to not lend the
- the lender may submit to the system availability information as pertaining to different brokers such that different brokers have different items of
- collateral available from a single lender i.e. the lender may be more willing to lend collateral A to a first broker than to a second broker.
- Past performance, performance on other deals, etc. which is retrieved from the data storage means and reviewed by the lender assists the lender with the
- brokers will immediately return the collateral, certain brokers may retain the collateral for a period
- the data storage system can maintain recall data, and the
- the lender can review the data. Subsequently, the lender can make adjustments relative to the collateral
- the system can automatically
- the transaction can be completed automatic, without the need to transmit
- the query to the lender for approval i.e., the lender will have a series of parameters for various reasons.
- broker 101 provided to broker 101 from lender 101 and, in return broker 102 pays amount 180 to lender for the
- collateral typically amount 180 is about 102% to 105% of the value of the collateral, however, it
- Lender 101 provides the collateral to the broker from, for example, pension
- Broker 102 provides the stock 230 to client 150 in exchange
- the transaction performing means 20 monitors the transaction, wherein the transaction is finalized and a record is created and maintained relative to the transaction.
- transaction details are then stored in the data storing means and the information is accessible to the lender and the broker (as well as to other authorized individuals).
- outside market 130 invests the amount with outside market 130.
- the interest received from outside market 130 is
- performing means monitors the transaction to confirm that no errors are associated with the
- the value of the collateral may change. At that time it is necessary
- the comparing means triggers the alert means, to, in turn, alerts the broker and lender
- the lender and the broker can then, through communicating means 34, arrange for
- the communication can be entirely electronic (in the form of electronic communication such as e-mail or communication through system 10).
- other words such as e-mail or communication through system 10.
- the comparing means identifies a problem, such as the broker believing that 100
- the system provides for vast analysis and review tools.
- the system is configured to store
- a request for a particular collateral is received by lender.
- the lender can immediately determine the value of the collateral and relevant
- any such information can be retrieved from the storage means and then it can
- either the broker or the lender can review data pertaining to the transaction, including any adjustments made to the transaction itself, or any changes that have
- the broker and the lender can have unprecedented information pertaining to the transaction and pertaining to the broker and the lender.
- the system is a vast improvement over the prior art. For example, the subscribes are easily
- the information is available to anyone on line.
- information can be tracked by the storage means relative to the broker and the
- the data storage means can store a plethora of information pertaining to the
- information can be downloaded to an individual computer and manipulated into a format where the information can be analyzed.
- the information that can be included comprises among other things, the embedding of calculations into the database to allow the user to quickly assess trends, rankings, predictions and
- the information also includes data mining tools that enable a user to search for preconceived trends as well as trends of which they may not be aware. Further, the database can
- the information and data stored can be
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Technology Law (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
Description
Claims
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU14656/01A AU1465601A (en) | 1999-11-03 | 2000-11-03 | System and method of managing collateral |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US16333099P | 1999-11-03 | 1999-11-03 | |
US60/163,330 | 1999-11-03 |
Publications (2)
Publication Number | Publication Date |
---|---|
WO2001033485A1 true WO2001033485A1 (en) | 2001-05-10 |
WO2001033485A9 WO2001033485A9 (en) | 2002-08-01 |
Family
ID=22589550
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2000/030462 WO2001033485A1 (en) | 1999-11-03 | 2000-11-03 | System and method of managing collateral |
Country Status (2)
Country | Link |
---|---|
AU (1) | AU1465601A (en) |
WO (1) | WO2001033485A1 (en) |
Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5323315A (en) * | 1991-08-02 | 1994-06-21 | Vintek, Inc. | Computer system for monitoring the status of individual items of personal property which serve as collateral for securing financing |
US5893072A (en) * | 1996-06-20 | 1999-04-06 | Aetna Life & Casualty Company | Insurance classification plan loss control system |
US5907848A (en) * | 1997-03-14 | 1999-05-25 | Lakeview Technology, Inc. | Method and system for defining transactions from a database log |
-
2000
- 2000-11-03 AU AU14656/01A patent/AU1465601A/en not_active Abandoned
- 2000-11-03 WO PCT/US2000/030462 patent/WO2001033485A1/en active Application Filing
Patent Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5323315A (en) * | 1991-08-02 | 1994-06-21 | Vintek, Inc. | Computer system for monitoring the status of individual items of personal property which serve as collateral for securing financing |
US5893072A (en) * | 1996-06-20 | 1999-04-06 | Aetna Life & Casualty Company | Insurance classification plan loss control system |
US5907848A (en) * | 1997-03-14 | 1999-05-25 | Lakeview Technology, Inc. | Method and system for defining transactions from a database log |
Non-Patent Citations (4)
Title |
---|
"Who likes CLOS, CBOS and CAT bonds", CORPORATE RESOURCENET, ASSET SALES REPORT, vol. 12, no. 3, 2 February 1998 (1998-02-02), pages 3 - 4, XP002939208 * |
DATABASE ABI/INFORM [online] LARR P.: "Two sides of collateral: Security and danger", XP002939207, Database accession no. 01219550 * |
JOURNAL OF LENDING & CREDIT RISK MANAGEMENT, vol. 78, no. 9, May 1996 (1996-05-01), pages 61 - 70 * |
TODD W.F.: "Lessons from the collapse of three state-chartered private deposit insurance funds", ECONOMIC COMMENTARY, FEDERAL RESERVE BANK OF CLEVELAND, May 1994 (1994-05-01), pages 6 PAGES, XP002939209 * |
Also Published As
Publication number | Publication date |
---|---|
WO2001033485A9 (en) | 2002-08-01 |
AU1465601A (en) | 2001-05-14 |
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