Network-Based Sub-Allocation Systems and Methods for Swaps
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Abstract
Network-based systems and methods for hosting and operating a network-based platform that allows clients to open and build a portfolio-swap account that is subdivided into a plurality of client sub-accounts or funds. The methods and systems of the invention allow the client to sub-allocate equity-swap transactions among its various client sub-account or funds as the client deems appropriate.
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Citations
46 Claims
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1-26. -26. (canceled)
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27. A computer-implemented method for sub-allocating swaps among accounts of a user, comprising:
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(a) providing a network-based platform through a programmable computer to a user, wherein the user accesses the network-based platform through an interface connected to the network-based platform, wherein the network-based platform comprises (i) accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day; (b) receiving a selection made by the user through the interface of unallocated swaps to be allocated into the accounts; (c) identifying through the computer selected swaps having the same underlying equities and purchased and the same day and combining the identified swaps; and (d) sub-allocating through the computer the selected swaps and combined swaps into the accounts of the user. - View Dependent Claims (28, 29, 30, 31, 32, 33)
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34. A system for sub-allocating swaps among accounts of a user comprising:
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(i) a memory storage device; (ii) a computer processor connected to the storage device; (iii) one or more computer software programs for controlling the computer processor;
wherein the memory storage device and the processor are operative with the programs to;(a) provide a network-based platform accessible by the user through an interface connected to the network-based platform, the network-based platform comprising (i) accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day; (b) receive a selection made by the user of unallocated swaps to be allocated into the accounts; (c) identify selected swaps having the same underlying equities and purchased and the same day and combine the identified swaps; and (d) sub-allocate the selected swaps and combined swaps into the accounts of the user. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41)
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42. A computer readable medium programmed with computer software that is operative to cause a system comprising a memory storage device and a processor to:
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(a) provide a network-based platform accessible by the user through an interface connected to the network-based platform, the network-based platform comprising (i) accounts of a user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day; (b) receive a selection made by the user of unallocated swaps to be allocated into the accounts; (c) identify selected swaps having the same underlying equities and purchased and the same day and combine the identified swaps; and (d) sub-allocate the selected swaps and combined swaps into the accounts of the user. - View Dependent Claims (43, 44, 45, 46)
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Specification