Visual editor system and method for specifying a financial transaction

• US 20030220870A1
• Filed: 05/22/2002
• Published: 11/27/2003
• Est. Priority Date: 05/22/2002
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase & Co
• Original Assignee: JP Morgan Chase & Co
• Inventors: Christory, Jean-Francois, Broder, Bruce, Bayrooti, Afshin
• Application Number:
  US10/153,306
• Publication Number:
  US 20030220870A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

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.

Claims

1. A method, comprising:

accessing a computer system comprising a visual editor;

using said visual editor to create a specification for a financial transaction, said specification comprising a list of instructions representing a plurality of rules defining an allocation of a plurality of cash flows from an asset portfolio to a plurality of accounts, at least one of said instructions comprising a financial transaction term in a contractual style grammar; and

interfacing said specification with a pricing tool to model said allocation of said plurality of cash flows to said plurality of accounts.

2. The method of claim 1, wherein said financial transaction comprises a securitized asset transaction.

3. The method of claim 2, wherein said securitized asset transaction comprises a pool of loans.

4. The method of claim 1, wherein said financial transaction term comprises a transfer statement.

5. The method of claim 1, wherein at least one of said accounts is of a type selected from the group consisting of an investor account, a financial institution account and a portfolio manager account.

6. The method of claim 1, wherein said pricing tool comprises a monte carlo model simulation tool.

7. The method of claim 1, further comprising compiling said specification to create a computer code.

8. The method of claim 1, further comprising generating, based on a subset of said list of instructions of said specification, an intermediate value for at least one of said accounts.

9. The method of claim 1, further comprising generating, based on said specification, a document in a standard speech language.

10. The method of claim 1, further comprising modeling said allocation of said plurality of cash flows to said plurality of accounts based on a plurality of temporal conditions.

11. A system, comprising:

a visual editor; and

a processor in communication with said visual editor, said processor configured;

to create a specification for a financial transaction, said specification comprising a list of instructions representing a plurality of rules defining an allocation of a plurality of cash flows from an asset portfolio to a plurality of accounts, at least one of said instructions comprising a financial transaction term in a contractual style grammar; and

to interface said specification with a pricing tool to model said allocation of said plurality of cash flows to said plurality of accounts.

12. The system of claim 11, wherein said financial transaction comprises a securitized asset transaction.

13. The system of claim 12, wherein said securitized asset transaction comprises a pool of loans.

14. The system of claim 11, wherein said financial transaction term comprises a transfer statement.

15. The system of claim 11, wherein at least one of said accounts is of a type selected from the group consisting of an investor account, a financial institution account and a portfolio manager account.

16. The system of claim 11, wherein said pricing tool comprises a monte carlo model simulation tool.

17. The system of claim 11, wherein said processor is further configured to compile said specification to create a computer code.

18. The system of claim 11, wherein said processor is further configured to generate, based on a subset of said list of instructions of said specification, an intermediate value for at least one of said accounts.

19. The system of claim 11, wherein said processor is further configured to generate, based on said specification, a document in a standard speech language.

20. The system of claim 11, wherein said processor is further configured to model said allocation of said plurality of cash flows to said plurality of accounts based on a plurality of temporal conditions.

21. A system, comprising:

means for accessing a computer system comprising a visual editor;

means for using said visual editor to create a specification for a financial transaction, said specification comprising a list of instructions representing a plurality of rules defining an allocation of a plurality of cash flows from an asset portfolio to a plurality of accounts, at least one of said instructions comprising a financial transaction term in a contractual style grammar; and

means for interfacing said specification with a pricing tool to model said allocation of said plurality of cash flows to said plurality of accounts.

22. The system of claim 21, wherein said financial transaction comprises a securitized asset transaction.

23. The system of claim 22, wherein said securitized asset transaction comprises a pool of loans.

24. The system of claim 21, wherein said financial transaction term comprises a transfer statement.

25. The system of claim 21, wherein at least one of said accounts is of a type selected from the group consisting of an investor account, a financial institution account and a portfolio manager account.

26. The system of claim 21, wherein said pricing tool comprises a monte carlo model simulation tool.

27. The system of claim 21, further comprising means for compiling said specification to create a computer code.

28. The system of claim 21, further comprising means for generating, based on a subset of said list of instructions of said specification, an intermediate value for at least one of said accounts.

29. The system of claim 21, further comprising means for generating, based on said specification, a document in a standard speech language.

30. The system of claim 31, further comprising means for modeling said allocation of said plurality of cash flows to said plurality of accounts based on a plurality of temporal conditions.