System and method for generating dividend information
First Claim
1. A computer-implemented method for generating dividend information for at least one stock having a dividend, the dividend having an ex-date and a record date, the method comprising the steps of:
- retrieving trade data pertaining to a plurality of trades associated with the at least one stock for which dividends are to be issued, the trade data being retrieved from a data storage system;
generating a consolidated set of dividend information from the retrieved trade data, wherein the consolidated set of dividend information is generated by a computer system configured for use in both ex-date processing and record date processing, and wherein the consolidated set of dividend information comprises data specifying the source of the dividends, data specifying a claim against a counterparty to recover dividends and data specifying distributions of the dividends; and
calculating profit and loss (PNL) information on the ex-date and accounting information pertaining to receipts and disbursements on the record date using the consolidated set of dividend information generated from the retrieved trade data.
1 Assignment
0 Petitions
Accused Products
Abstract
In a system for generating dividend information, detailed information regarding trades is stored in a data storage system. The detailed information may include, without limitation, book information, depot information, counterparty information, a trade direction (e.g., buy or sell), and a number of shares traded. Based upon the detailed trade information, dividend information is generated that may be used for both PNL purposes and for accounting purposes. The detailed trade information may also include whether the trade is an “ex-div” trade, a “cum-div” trade, or neither. Trades normally eligible for a dividend are excluded from dividend information generation when identified as an ex-div trade. Trades not normally eligible for a dividend are included in dividend information generation when identified as a cum-div trade.
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Citations
14 Claims
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1. A computer-implemented method for generating dividend information for at least one stock having a dividend, the dividend having an ex-date and a record date, the method comprising the steps of:
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retrieving trade data pertaining to a plurality of trades associated with the at least one stock for which dividends are to be issued, the trade data being retrieved from a data storage system; generating a consolidated set of dividend information from the retrieved trade data, wherein the consolidated set of dividend information is generated by a computer system configured for use in both ex-date processing and record date processing, and wherein the consolidated set of dividend information comprises data specifying the source of the dividends, data specifying a claim against a counterparty to recover dividends and data specifying distributions of the dividends; and calculating profit and loss (PNL) information on the ex-date and accounting information pertaining to receipts and disbursements on the record date using the consolidated set of dividend information generated from the retrieved trade data. - View Dependent Claims (3, 4, 5, 6, 8, 9, 10, 11, 12)
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2. (canceled)
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7. (canceled)
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13. A computer readable medium having stored thereon a plurality of instructions, the plurality of instructions including instructions that, when executed by a processor, cause the processor to perform the steps of a method for generating dividend information, said method comprising the steps of:
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retrieving trade data pertaining to a plurality of trades associated with the at least one stock for which dividends are to be issued; generating a consolidated set of dividend information from the retrieved trade data, wherein the consolidated set of dividend information is generated for use in both ex-date processing and record date processing, and wherein the consolidated set of dividend information comprises data specifying the source of the dividends, data specifying a claim against a counterparty to recover dividends and data specifying distributions of the dividends; and calculating profit and loss (PNL) information on the ex-date and accounting information pertaining to receipts and disbursements on the record date using the consolidated set of dividend information generated from the retrieved trade data.
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14-21. -21. (canceled)
Specification