SYSTEM AND METHOD FOR PROVIDING BORROW COVERAGE SERVICES TO SHORT SELL SECURITIES
First Claim
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1. A computer implemented method for executing a loan transaction comprising:
- receiving, through a computer, a loan request from a borrower;
receiving, through the computer, assets from a plurality of lenders;
verifying, through the computer, that the assets received from the plurality of lenders satisfies the loan request; and
providing the borrower, through the computer, with sufficient assets to satisfy the loan request.
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Abstract
The present invention is directed to providing borrow coverage services to clients by a conduit lender, while the conduit lender maintains a flat position. The source of supply for the loans is a liquidity pool from existing agent lenders that have enrolled the conduit lender as a borrower.
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Citations
19 Claims
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1. A computer implemented method for executing a loan transaction comprising:
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receiving, through a computer, a loan request from a borrower; receiving, through the computer, assets from a plurality of lenders; verifying, through the computer, that the assets received from the plurality of lenders satisfies the loan request; and providing the borrower, through the computer, with sufficient assets to satisfy the loan request. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer implemented method for executing a loan transaction through a conduit lender comprising the following steps performed by the conduit lender:
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receiving, through a computer, a loan request from a borrower; storing, in the computer, details of the loan request; receiving, through the computer, assets from a plurality of lenders; storing, in the computer, details of the assets from the plurality of lenders; storing, through the computer, the assets from the plurality of lenders in a pool of assets; receiving from the borrower, through the computer, collateral for the loan request, storing, through the computer, the collateral in a pool of collateral, matching, through the computer, assets from the pool of assets which satisfy the loan request and collateral from the pool of collateral which satisfies the lenders from the plurality of lenders; providing the borrower, through the computer, with sufficient assets to satisfy the loan request; and providing the matched lenders with collateral from the pool of collateral. - View Dependent Claims (15, 16, 17)
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18. A system for executing a loan transaction comprising:
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a programmable computer; a database; and one or more processors coupled to the programmable computer and the database, the processors configured to; receive a loan request from a borrower; store details of the loan request; receive assets from a plurality of lenders; store details of the assets from the plurality of lenders; store the assets from the plurality of lenders in a pool of assets; receive collateral for the loan request from the borrower; store the collateral in a pool of collateral; match assets from the pool of assets which satisfy the loan request and collateral from the pool of collateral which satisfies the lenders from the plurality of lenders; provide the borrower, through the computer, with sufficient assets to satisfy the loan request; and provide the matched lenders with collateral from the pool of collateral.
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19. A system for executing a loan transaction comprising:
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a programmable computer; one or more processors coupled to the programmable computer and coupled to; a principal component configured to receive a loan request from a borrower, receive assets from a lender, and transmit assets from the lender to the borrower; a lending component configured to manage assets of the lender; and a custody component configured to store assets.
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Specification