Lender anonymity securities lending using lender trade criteria

Details Lender anonymity securities lending using lender trade criteria Lender anonymity securities lending using lender trade criteria

2007-07-25

2011-11-01

Tinkler, Muriel (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T, C705S038000

Reexamination Certificate

active

08050999

ABSTRACT:
Lender anonymity securities lending where trade criteria associated with a security owned by a client are determined. Bids for the security are monitored by a first entity. A trade related to the security is executed by accepting a best bid from the monitored bids based on the trade criteria. An identical trade related to the security is automatically executed with a second entity. A second identical trade as the trade related to the security is automatically executed with inter-dealer brokers without any knowledge of the first entity. The first entity may be a banking division of a financial institution and the second entity may be a broker/dealer division of a financial institution. Complete anonymity is provided to the client from the inter-dealer brokers since the trade executed automatically with the second entity is put into a separate trading book maintaining a firewall between the client and the inter-dealer brokers.

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www.dtcc.com. “DTCC: FICC Proposes Bringing Central Counterparty Capabilities to Mortgage-Backed Securities Processing”. New York. Jun. 18, 2003.

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