System and method for specifying a financial transaction
First Claim
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1. A method of providing information about a financial transaction to a plurality of functional units of a financial institution, said method comprising:
- assembling a specification for said financial transaction, said assembling comprising;
obtaining data descriptive of a transaction template from an electronic storage medium, said electronic storage medium comprising data descriptive of a plurality of pre-defined transaction templates, each of said transaction templates comprising a sequential list of instructions, at least one of said instructions comprising a financial transaction term in a contractual style grammar, each of said instructions comprising a variable corresponding to an account; and
using a computer system to perform at least one of the following group of actions;
removing at least one of said instructions from said sequential list;
adding an instruction to said sequential list; and
modifying at least one of said instructions; and
generating, based on said specification, a plurality of operable tools, each of said tools adapted for use by a different functional unit of said plurality of functional units of said financial institution.
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Abstract
In one aspect, the present invention relates to systems and methods for providing information about a financial transaction to a number of functional units of a financial institution. In another aspect, the present invention relates to systems and methods for accessing a computer system with a visual editor to create a specification for a financial transaction, and to interface the specification with a pricing tool to model allocation of cash flows to accounts.
27 Citations
60 Claims
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1. A method of providing information about a financial transaction to a plurality of functional units of a financial institution, said method comprising:
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assembling a specification for said financial transaction, said assembling comprising;
obtaining data descriptive of a transaction template from an electronic storage medium, said electronic storage medium comprising data descriptive of a plurality of pre-defined transaction templates, each of said transaction templates comprising a sequential list of instructions, at least one of said instructions comprising a financial transaction term in a contractual style grammar, each of said instructions comprising a variable corresponding to an account; and
using a computer system to perform at least one of the following group of actions;
removing at least one of said instructions from said sequential list;
adding an instruction to said sequential list; and
modifying at least one of said instructions; and
generating, based on said specification, a plurality of operable tools, each of said tools adapted for use by a different functional unit of said plurality of functional units of said financial institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A system for providing information about a financial transaction to a plurality of functional units of a financial institution, said system comprising:
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a storage medium comprising data descriptive of a plurality of pre-defined transaction templates, each of said transaction templates comprising a sequential list of instructions, at least one of said instructions comprising a financial transaction term in a contractual style grammar, each of said instructions comprising a variable corresponding to an account; and
a processor in communication with said storage medium, said processor configured;
to assemble a specification for said financial transaction by;
obtaining data descriptive of a transaction template from said storage medium; and
performing at least one of the following group of actions;
removing at least one of said instructions from said sequential list;
adding an instruction to said sequential list; and
modifying at least one of said instructions; and
to generate, based on said specification, a plurality of operable tools, each of said tools for use by a different functional unit of said plurality of functional units of said financial institution. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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41. A system for providing information about a financial transaction to a plurality of functional units of a financial institution, said system comprising:
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means for assembling a specification for said financial transaction, said means for assembling comprising;
means for obtaining data descriptive of a transaction template from an electronic storage medium, said electronic storage medium comprising data descriptive of a plurality of pre-defined transaction templates, each of said transaction templates comprising a sequential list of instructions, at least one of said instructions comprising a financial transaction term in a contractual style grammar, each of said instructions comprising a variable corresponding to an account; and
means for performing at least one of the following group of actions;
removing at least one of said instructions from said sequential list;
adding an instruction to said sequential list; and
modifying at least one of said instructions; and
means for generating, based on said specification, a plurality of operable tools, each of said tools adapted for use by a different functional unit of said plurality of functional units of said financial institution. - View Dependent Claims (42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60)
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Specification