Automatic loan administration system
First Claim
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1. An automatic financing administration system, comprising:
- a communication interface allowing communication between said automatic financing administration system and a network communication system;
a membership database storing personal information of members who are allowed to participate in financing transactions under the administration of said automatic financing administration system;
which personal information comprising credit information including credit lines of members and payment history of members;
a membership administration module allowing adding, deleting and revision of said personal information stored in said membership database;
a financing group database comprising a plurality of historical files containing personal information of members allocated to respective financing groups and history of financing activities of said members;
a financing group administration module to add, delete and revise said historical files in said financing group database, to automatically decide respective winners of substantially fixed-amounted financing activities among said members allocated to respective financing groups periodically, and to automatically calculate amounts of money in said respective financing activities; and
a finance administration module to conduct collection and payments of financing activities wherein winners are decided by said financing group administration module;
characterized in that decision of winner of a financing activity by said financing group administration module comprises the following steps;
prior to a deadline, receiving offers of bids of loan interests from members designated to a financing group which members has not won in a financing activity in said financing group in a previous time;
at said deadline, comparing amounts of said offers of bids and deciding member offering the highest amount as winner of said financing activity; and
if no offer is received, selecting a member from members who has not won a financing activity in said financing group in a previous time as winner of said financing activity randomly or under a predetermined order.
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Abstract
An automatic financing administration system of this invention is provided. In the automatic financing administration system of this invention, the roles of provider and user of loans are integrated and all participants in a financing operation are made members of a group. The financing transactions in said financing group are conducted in a computerized network automatically. Limitations in number of member, amount per transaction and existing term of a financing group are selectively decided. An automatic financing administrative system is able to automatically control the financing transactions of an unlimited plurality of financing groups.
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Citations
7 Claims
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1. An automatic financing administration system, comprising:
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a communication interface allowing communication between said automatic financing administration system and a network communication system;
a membership database storing personal information of members who are allowed to participate in financing transactions under the administration of said automatic financing administration system;
which personal information comprising credit information including credit lines of members and payment history of members;
a membership administration module allowing adding, deleting and revision of said personal information stored in said membership database;
a financing group database comprising a plurality of historical files containing personal information of members allocated to respective financing groups and history of financing activities of said members;
a financing group administration module to add, delete and revise said historical files in said financing group database, to automatically decide respective winners of substantially fixed-amounted financing activities among said members allocated to respective financing groups periodically, and to automatically calculate amounts of money in said respective financing activities; and
a finance administration module to conduct collection and payments of financing activities wherein winners are decided by said financing group administration module;
characterized in that decision of winner of a financing activity by said financing group administration module comprises the following steps;
prior to a deadline, receiving offers of bids of loan interests from members designated to a financing group which members has not won in a financing activity in said financing group in a previous time;
at said deadline, comparing amounts of said offers of bids and deciding member offering the highest amount as winner of said financing activity; and
if no offer is received, selecting a member from members who has not won a financing activity in said financing group in a previous time as winner of said financing activity randomly or under a predetermined order. - View Dependent Claims (2, 3, 4)
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5. A method for automatically administrating financing activities for an automatic financing administration comprising:
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a communication interface allowing communication between said automatic financing administration system and a network communication system;
a membership database storing personal information of members who are allowed to participate in financing transactions under the administration of said automatic financing administration system;
which personal information comprising credit information including credit lines of members and payment history of members;
a membership administration module allowing adding, deleting and revision of said personal information stored in said membership database;
a financing group database comprising a plurality of historical files containing personal information of members allocated to respective financing groups and history of financing activities of said members;
a financing group administration module to add, delete and revise said historical files in said financing group database, to automatically decide respective winners of substantially fixed-amounted financing activities among said members allocated to respective financing groups periodically, and to automatically calculate amounts of money in said respective financing activities; and
a finance administration module to conduct collection and payments of financing activities wherein winners are decided by said financing group administration module;
said method comprising the following steps;
prior to a deadline, receiving offers of bids of loan interests from members designated to a financing group which members has not won in a financing activity in said financing group in a previous time;
at said deadline, comparing amounts of said offers of bids and deciding member offering the highest amount as winner of said financing activity; and
if no offer is received, selecting a member from members who has not won a financing activity in said financing group in a previous time as winner of said financing activity randomly or under a predetermined order. - View Dependent Claims (6, 7)
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Specification