×

METHOD AND SYSTEM FOR AUCTIONING FUNDS USING A FULL-TIME PUBLIC NETWORK

  • US 20110016034A1
  • Filed: 09/02/2010
  • Published: 01/20/2011
  • Est. Priority Date: 04/23/2004
  • Status: Active Grant
First Claim
Patent Images

1. A method for auctioning funds to a bank using a full-time public network, including the steps of:

  • establishing a connection to a full-time public network;

    accepting bank criteria received via the full-time public network;

    performing risk analytics using a plurality of computer-aided risk analytics algorithms to facilitate identification of acceptable bidders in a funds auctioning marketplace;

    accepting at least one bid from at least one acceptable bidder via the full-time public network;

    evaluating each accepted bid based on the bank criteria to determine whether the bid satisfies the criteria;

    selecting as a winning bid at least one bid determined to satisfy the bank criteria; and

    requiring the bank to accept the winning bid.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×