Methods and systems for netting of payments and collateral

• US 20060242061A1
• Filed: 10/28/2005
• Published: 10/26/2006
• Est. Priority Date: 10/28/2004
• Status: Active Grant

• Current Assignee: The Depository Trust & Clearing Corporation
• Original Assignee: The Depository Trust & Clearing Corporation
• Inventors: Axilrod, Peter
• Granted Patent: US 7,650,309 B2
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• 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 99/00 Subject matter not provided for in other groups of this subclass

Abstract

The present invention generally provides for systems and methods for netting payments and collateral. Generally, systems and methods of the present invention maximize market liquidity and minimize financial risk and collateral burdens of participants.

Claims

14-1. The method of claim 1, wherein at least one participant is an energy company.

25. A computer-based system for netting payments or collateral obligations between participants, the system comprising:

a processor; and

,

a system for netting payments or collateral obligations between a plurality of participants.

26. The system of claim 25, further comprising a means for netting payments or collateral obligations between participants.

27. The system of claim 25, further comprising a means for automating the netting of payments or collateral obligations between participants.

28. A computer program product, tangibly embodied in an information carrier, for automated method for netting payments or collateral obligations between participants, the computer program product including instructions being operable to cause data processing apparatus to:

create a round-round obligation structure, and

settle the reduction of an amount of a payment or a collateral obligation for a first participant owed to a second participant.