Systems and methods for facilitating use of agreement information via an agreement modeling system

• US 20030023528A1
• Filed: 08/27/2001
• Published: 01/30/2003
• Est. Priority Date: 07/27/2001
• Status: Active Grant

• Current Assignee: Goldman Sachs & Co. LLC (Goldman Sachs Group Incorporated)
• Original Assignee: Goldman Sachs & Company (Goldman Sachs Group Incorporated)
• Inventors: Mansfield, Donna M., Harris, Patrick E., Wilce, Scot D., George, Vincent A., Nguyen, Hien Q., Conti, Donna L.
• Granted Patent: US 7,231,362 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06F 40/166 Editing, e.g. inserting or deleting
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation
• CPC Class Codes: Y10S 707/99933 Query processing, i.e. searching
• CPC Class Codes: Y10S 707/99934 Query formulation, input preparation, or translation
• CPC Class Codes: Y10S 707/99935 Query augmenting and refining, e.g. inexact access

Abstract

Systems and methods are provided to facilitate use of agreement information via an agreement modeling system. According to one embodiment, transaction information is evaluated based on agreement information stored in the agreement modeling system. According to another embodiment, an applicability of an agreement term may be determined based on agreement information, such as an expiration date associated with the agreement term. According to another embodiment, a user'"'"'s access to agreement information is controlled by security information, such as a security class or attribute. According to another embodiment, multiple users may access agreement information in accordance with a concurrency management process.

Claims

1. A method for utilizing an agreement modeling system, comprising:

receiving transaction information associated with a transaction;

determining agreement information via the agreement modeling system;

evaluating the transaction information and the agreement information; and

generating an indication based on said evaluating.

2. The method of claim 1, wherein said receiving comprises receiving the transaction information from at least one of:

(i) a user, and (ii) a satellite system.

3. The method of claim 2, wherein the satellite system comprises at least one of:

(i) a business system, (ii) a legal system, (iii) a compliance system, (iv) a credit system, (v) a treasury system, and (vi) an operations system.

4. The method of claim 1, wherein the transaction information is associated with at least one of:

(i) a party entity, (ii) a counter-party, (iii) a transaction date, (iv) an agreement date, (v) a financial product, (vi) a financial instrument, and (vii) a monetary amount.

5. The method of claim 4, wherein the financial product comprises at least one of:

(i) an equity product, (ii) a stock product, (iii) an index product, (iv) a fixed income product, (v) a bond product, (vi) a bank loan product, (vii) a whole loan product, (viii) an interest rate product, (ix) a credit derivative product, (x) a commodity product, (xi) a metal product, (xii) a energy product, and (xiii) an agriculture product.

6. The method of claim 4, wherein the financial instrument comprises at least one of:

(i) a swap instrument, (ii) an option instrument, (iii) a buy instrument, (iv) a sell instrument, (v) a call instrument, (vi) a put instrument, (vii) a forward instrument, (viii) a pre-paid forward instrument, (ix) a spot instrument, (x) a repurchase agreement instrument, (xi) a loan instrument, (xii) a warrant instrument, and (xiii) a contract for differences instrument.

7. The method of claim 1, wherein the agreement information is associated with a covered products matrix.

8. The method of claim 1, wherein the indication comprises at least one of:

(i) an indication of approval, (ii) an indication of non-approval, (iii) an indication that further evaluation is required, and (iv) an indication that an amendment to an agreement is required.

9. The method of claim 1, wherein said generating comprises transmitting the indication to at least one of:

(i) a user, and (ii) a satellite system.

10. The method of claim 1, wherein the transaction comprises at least one of:

(i) a pending transaction, and (ii) a completed transaction.

11. The method of claim 1, wherein said evaluating is performed on at least one of:

(i) a transaction basis, and (ii) a batch of transactions.

12. An apparatus for utilizing an agreement modeling system, comprising:

a processor; and

a storage device in communication with said processor and storing instructions adapted to be executed by said processor to;

receive transaction information associated with a transaction,

determine agreement information via the agreement modeling system,

evaluate the transaction information and the agreement information, and

generate an indication based on said evaluating.

13. The apparatus of claim 12, wherein said storage device further stores an agreement information database.

14. The apparatus of claim 12, further comprising:

a communication device coupled to said processor and adapted to communicate with at least one of;

(i) a client device, (ii) an agreement modeling system controller, (iii) a satellite system, and (iv) a counter-party device.

15. A medium storing instructions adapted to be executed by a processor to perform a method of utilizing an agreement modeling system, said method comprising:

receiving transaction information associated with a transaction;

determining agreement information via the agreement modeling system;

evaluating the transaction information and the agreement information; and

generating an indication based on said evaluating.

16. A computer-implemented method of utilizing an agreement modeling system, comprising:

receiving financial transaction information, the financial transaction information indicating at least one of;

(i) a financial product, (ii) a financial instrument, and (iii) a monetary amount;

determining agreement information associated with a covered products matrix via the agreement modeling system;

evaluating the financial transaction information and the agreement information; and

based on said evaluating, transmitting an indication of approval to at least one of;

(i) a user, and (ii) a satellite system.

17. A method for utilizing an agreement modeling system, comprising:

receiving an indication of an agreement between a party and a counter-party, the agreement including an agreement term associated with a term date;

receiving an indication of a query date; and

determining an applicability of the agreement term on the query date based at least in part on the term date.

18. The method of claim 17, wherein the term date comprises at least one of:

(i) a term effective date, (ii) a term expiration date, (iii) a term period, and (iv) a term entry date.

19. The method of claim 17, wherein the query date comprises at least one of:

(i) a date indicated by a user, (ii) a date associated with a transaction, and (iii) a current date.

20. The method of claim 17, wherein the indication of the agreement comprises at least one of:

(i) an agreement identifier, (ii) a document identifier, (iii) a party entity identifier, (iv) a counter-party identifier, (v) a financial instrument identifier, and (vi) a financial product identifier.

21. The method of claim 17, wherein at least one receiving comprises receiving information from at least one of:

(i) a user, and (ii) a satellite system.

22. The method of claim 17, further comprising:

transmitting an indication of applicability to at least one of;

(i) a user, and (ii) a satellite system.

23. The method of claim 22, further comprising:

transmitting an indication associated with a supporting agreement document.

24. A method for utilizing an agreement modeling system, comprising:

receiving a request to access agreement information associated with an agreement between a party and a counter-party;

determining if the request will be approved based on security information associated with the agreement information; and

if the request is approved, enabling access to the agreement information.

25. The method of claim 24, wherein the request comprises at least one of:

(i) a request to use the agreement information, (ii) a request to view the agreement information, and (iii) a request to edit the agreement information.

26. The method of claim 24, wherein said determining is based on at least one of:

(i) a security class, (ii) a fact level security attribute, (iii) an agreement level security attribute, (iv) ownership of the agreement information, (v) an access scope, (vi) a security group, (vii) an access mode, (viii) a user access level, and (ix) a security rule.

27. The method of claim 24, wherein the request includes at least one of:

(i) an agreement identifier, (ii) a document identifier, (iii) a fact set identifier, (iv) a fact identifier, (v) a user identifier, (vi) a party entity identifier, and (v) a counter-party identifier.

28. The method of claim 24, further comprising:

if the request is not approved, transmitting an indication to a user associated with the request.

29. A method for utilizing an agreement modeling system, comprising:

arranging for a first user to access agreement information associated with an agreement between a party and a counter-party;

receiving from a second user a request to access the agreement information; and

preventing the second user from accessing the agreement information based on the first user'"'"'s access.

30. The method of claim 29, wherein the first user is associated with at least one of:

(i) a client device, and (ii) a satellite system.

31. The method of claim 29, wherein said preventing is based on at least one of:

(i) agreement level concurrency, (ii) document level concurrency, (iii) fact set level concurrency, and (iv) fact level concurrency.

32. The method of claim 29, wherein said preventing is performed via an information lock associated with a document level check-in and check-out concurrency management process.

33. The method of claim 29, wherein the first user accesses a first fact set associated with the agreement, and the second user is not prevented from accessing a second fact set associated with the agreement.

34. A method for utilizing an agreement modeling system, comprising:

receiving a request to amend an existing transaction agreement between a party and a counter-party;

determining an adjustment to at least one of (i) a set of financial products, (ii) a set of financial instruments, (iii) a monetary amount, and (iv) an agreement date; and

automatically determining adjusted agreement information in accordance with the adjustment.

35. The method of claim 34, further comprising:

automatically generating an amendment document in accordance with the adjusted agreement information.

36. The method of claim 34, wherein said automatic determination of the adjusted agreement information is associated with a covered products matrix.

37. The method of claim 34, wherein the existing transaction agreement is associated with at least one of:

(i) a set of rights between the party and the counter-party, and (ii) a legal contract.

38. The method of claim 34, wherein said automatic determination of the adjusted agreement information comprises:

defining a new agreement term based on a pre-stored default transaction term.

39. The method of claim 34, wherein said receiving is performed via at least one of:

(i) a user, (ii) a satellite system, and (iii) the counter-party.

40. An agreement modeling system method, comprising:

receiving agreement information from a first user;

generating an agreement document in accordance with the agreement information;

receiving transaction information from a second user; and

evaluating the transaction information based on the agreement information.