Securities brokerage-cash management system with short term inve

Details Securities brokerage-cash management system with short term inve Securities brokerage-cash management system with short term inve

1983-11-21

1988-09-27

Smith, Jerry

Boots, shoes, and leggings

G06F 1521

Patent

active

047746637

ABSTRACT:
Data processing for an improved securities brokerage-cash management system supervises, implements and coordinates a margin securities brokerage account; participation in one or more short term investments; and subscriber unilaterally initiated use of charge, debit or checking instruments. Subscriber expenditures, effected as by charge card use, check and/or cash advance are applied on a hierarchal basis, seriatim, against the subscriber's free credit balance, short term investment and the lendable equity in his securities account. On a periodic basis, e.g., daily, received card charges, check, securities and deposit transactions for the ensemble of account participants are verified and employed to compute an updated credit limit for each subscriber.
In accordance with one aspect of the present invention, the short term investments available to subscribers include an ordered ensemble of insured savings accounts.

REFERENCES:
patent: 4346442 (1982-08-01), Musmanno
CMA Money Trust Prospectus, Jul. 31, 1980 (amended Nov. 12, 1980).
CMA Money Trust and Tax-Exempt Fund Prospectuses, Jan. 15, 1981.
CMA Money Fund, Govt. Securities Fund and Tax-Exempt Fund Prospectuses, Jul. 31, 1981 (amended Jan. 19, 1982).
CMA Money Fund, Govt. Securities Fund and Tax-Exempt Fund Prospectuses, Jul. 29, 1982 (revised Feb. 18, 1983).
Ross, N. L., "Jumbo S&L Depositors Seek Insurance", The Washington Post, Apr. 19, 1987, H2.
"Corporate Cash Management" and Portfolio of Cash Management Services, published Mar. 1983 by NS&T Bank.
"Merrill Lynch Cash Management Account" brochure, Oct. 1978, 1-11.
CMA Money Trust Prospectus, Aug. 25, 1978.
CMA Money Trust Prospectus, Jul. 31, 1979 (revised Oct. 29, 1979).

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