SYSTEM AND METHOD FOR MONITORING SECURITIES HOLDINGS FOR RELATED ENTITIES

• US 20110078059A1
• Filed: 06/01/2010
• Published: 03/31/2011
• Est. Priority Date: 09/30/2009
• Status: Active Grant

• Current Assignee: Royal Bank of Canada (The PNC Financial Services Group, Inc.)
• Original Assignee: Royal Bank of Canada (The PNC Financial Services Group, Inc.)
• Inventors: Chambers, John, Searle, Michael
• Granted Patent: US 8,589,260 B2
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Systems, methods, and computer-executable instruction mechanisms such as programming structures for generating signals representing holdings of securities held by pluralities of commonly-controlled entities. Such systems, methods, and computer-executable instruction mechanisms can further be useful for generating signals representing alerts and data useful in generating reports relating to securities holdings, and for assessing regulatory consequences of proposed transactions.

Claims

1. A system for aggregating data representing holdings of securities held by a plurality of commonly-controlled entities, comprising at least one data processor configured for:

receiving from each of a plurality of commonly-controlled-entity systems signals representing one or more reports of holdings of pluralities of securities held by corresponding commonly-controlled entities;

accessing in machine-readable storage associated with the at least one data processor data representing requirements imposed by one or more regulatory agencies;

generating data records representing collated and aggregated totals of securities held by the plurality of commonly-controlled entities;

using the data representing requirements imposed by one or more regulatory agencies, determining a level of holdings for at least one security held by the plurality of commonly-controlled entities; and

storing data representing the determined level of holdings for the at least one security in machine-readable memory.

2. The system of claim 1, wherein the at least one data processor is configured for periodically receiving from each of the plurality of commonly-controlled-entity systems the signals representing one or more reports of holdings of pluralities of securities held by corresponding commonly-controlled entities.

3. The system of claim 1, wherein the at least one data processor is configured for providing to an administrator system signals suitable for causing the administrator system to generate signals representing an alert indicating that a determined level of holdings of at least one of the securities held by at least one of the plurality of commonly-controlled entities has exceeded a pre-defined threshold.

4. The system of claim 3, wherein the pre-defined threshold corresponds to an early warning level.

5. The system of claim 3, wherein the pre-defined threshold corresponds to a regulatorily-imposed level.

6. The system of claim 3, wherein the data processor is configured to generate data useful for generating a regulatory compliance report when the determined level of holdings of at least one of the securities held by the plurality of commonly-controlled entities has exceeded a pre-defined threshold.

7. The system of claim 3, wherein the data processor is configured to transmit signals representing a regulatory compliance report to a communications resource associated with a regulatory compliance address.

8. The system of claim 1, wherein the requirements imposed by one or more regulatory agencies are imposed by a plurality of regulatory agencies.

9. The system of claim 1, wherein the determined level of holdings for at least one security held by the plurality of commonly-controlled entities is a relative level.

10. A method, performed, by at least one data processor executing machine-interpretable instructions, of generating signals representing levels of securities held by a plurality of commonly-controlled entities, comprising:

receiving from each of a plurality of commonly-controlled-entity systems signals representing one or more reports of holdings of pluralities of securities held by corresponding commonly-controlled entities;

accessing in machine-readable storage associated with the at least one data processor data representing requirements imposed by one or more regulatory agencies;

generating data records representing collated and aggregated totals of securities held by the plurality of commonly-controlled entities;

using the accessed data, determining a level of holdings for one or more of the securities held by the plurality of commonly-controlled entities; and

storing data representing the determined levels in machine-readable memory.

11. The method of claim 10, comprising periodically receiving from each of the plurality of commonly-controlled-entity systems signals representing one or more reports of holdings of pluralities of securities held by the corresponding commonly-controlled entities.

12. The method of claim 10, comprising providing to an administrator system signals suitable for causing the administrator system to generate signals representing an alert indicating that the relative level of holdings of at least one of the securities held by at least one of the plurality of commonly-controlled entities has exceeded a pre-defined threshold.

13. The method of claim 12, wherein the pre-defined threshold corresponds to an early warning level.

14. The method of claim 12, wherein the pre-defined threshold corresponds to a regulatorily-imposed level.

15. The method of claim 12, comprising generating data useful for preparing a regulatory compliance report when the relative level of holdings of at least one of the securities held by the plurality of commonly-controlled entities has exceeded a pre-defined threshold.

16. The method of claim 12, comprising transmitting signals representing a regulatory compliance report to a communications resource associated with a regulatory compliance address.

17. The system of claim 10, wherein accessing data representing requirements imposed by one or more regulatory agencies comprises accessing data representing requirements imposed by a plurality of regulatory agencies.

18. The system of claim 10, wherein determining a level of holdings for one or more of the securities held by the plurality of commonly-controlled entities comprises determining a relative level of the securities held by the plurality of entities.

19. A system for assessing regulatory consequences of a proposed transaction in securities by one or more of a plurality of commonly-controlled entities, the system comprising at least one data processor configured for:

receiving from a commonly-controlled entity system signals representing terms of a proposed transaction in one or more securities;

receiving from each of a plurality of commonly-controlled-entity systems signals representing one or more reports of holdings of pluralities of securities held by corresponding commonly-controlled entities;

accessing in machine-readable storage associated with the at least one data processor data representing requirements imposed by one or more regulatory agencies relevant to at least one jurisdiction associated with the proposed transaction;

generating data records representing collated and aggregated totals of securities held by the plurality of commonly-controlled entities;

using the data representing requirements imposed by one or more regulatory agencies, determining a level of holdings for at least one security held by the plurality of commonly-controlled entities;

generating signals representing the determined level of holdings for the at least one security; and

storing data representing the determined level of holdings for the at least one security in machine-readable memory.

19-1. A method, performed by at least one data processor executing machine-interpretable instructions, of assessing regulatory consequences of a proposed transaction in securities by one or more of a plurality of commonly-controlled entities, the method comprising:

receiving from a commonly-controlled entity system signals representing terms of a proposed transaction in one or more securities;

receiving from each of a plurality of commonly-controlled-entity systems signals representing one or more reports of holdings of pluralities of securities held by corresponding commonly-controlled entities;

accessing in machine-readable storage associated with the at least one data processor data representing requirements imposed by one or more regulatory agencies relevant to at least one jurisdiction associated with the proposed transaction;

generating data records representing collated and aggregated totals of securities held by the plurality of commonly-controlled entities;

using the data representing requirements imposed by one or more regulatory agencies, determining a level of holdings for at least one security held by the plurality of commonly-controlled entities;

generating signals representing the determined level of holdings for the at least one security; and

storing data representing the determined level of holdings for the at least one security in machine-readable memory.