Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-11-21
2006-11-21
Weisberger, Richard C. (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S037000, C705S038000
Reexamination Certificate
active
07139730
ABSTRACT:
A centralized collateral management operation system that includes a collateral management system (CMS) provider linked to a trading group—a plurality of users (e.g., individuals, corporations, financial institutions, and the like). The method allows the CMS provider to dynamically determine anticipatory collateral value and mark to market (MTM) collateral obligations for each of the users' sub-portfolios. The provider is then able to notify each of the users of their MTM and anticipatory collateral obligations for their respective sub-portfolios, and issue “Collateral Credits.” The Collateral Credits allow the CMS provider to efficiently allocate the amount of collateral posted by each member of the trading group to protect against present losses and potential future losses due to the inability of the user to meet its obligations. The system provides equivalent collateral protection as a fully collateralized bilateral system while decreasing individual collateral requirements.
REFERENCES:
patent: 5802499 (1998-09-01), Sampson et al.
Lee, How to use collateral, Euromoney n319, pp. 4-49, Nov. 1995.
International Search Report for Application No. PCT/US97/08470 issued Feb. 8, 2002, 3 pages.
Larr, P., “Two sides of collateral: Security and danger,”Journal of Lending and Credit Risk Management,vol. 78, No. 9, printed from Dialog File, 8 pages (May 1996).
Chicago Mercantile Exchange,“CME Swaps Collateral Depository Report,” Apr. 1995, 17 pages.
RiskMeterics—Technical Document,Chps. 6-7, Fourth Edition (Dec. 1996), Morgan Guaranty Trust Company, pp. iii-xii and 103-160 from http://www.riskmeterics.com/rm/pubs/index.html.
Apostolik Richard
Humphreys H. Brett
Shimko David
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