Method and System for STP Linking the Variances in Corporation Action Events Received from Multiple Agents

• US 20130030970A1
• Filed: 12/23/2011
• Published: 01/31/2013
• Est. Priority Date: 07/26/2011
• Status: Abandoned Application

• Current Assignee: TATA Consultancy Services Limited (Tata Sons Pvt Ltd.)
• Original Assignee: TATA Consultancy Services Limited (Tata Sons Pvt Ltd.)
• Inventors: Gupta, Devesh, Agarwal, Rahul
• Application Number:
  US13/336,641
• Publication Number:
  US 20130030970A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and system for automatic linking of variances captured from plurality of agents or counterparties related to a composite market event from a capital market is disclosed. The method of the present invention enables a creation of golden copy for each of the corporate action event. Based on the matching criteria for each of the corporate action event with the multiple variable data received from the agent/counterparties, the agent variable data is attached to the golden copy created for each event using straight-through processing (STP). As a result of the STP linkage of agent variable events with the golden copy of the event, the agent/counterparty variable information and market composite information for the event is displayed on the single screen to the user.

Claims

1. A system for real-time linking at least one corporate action event (201) received on a central financial-asset management server (202) to at least one agent variance message received from at least one agent server (206) electronically coupled to the said central financial-asset management server in a capital market framework, the system comprising:

a) a scrubbing module (203) to scrub the said corporate action event using business rule engine (204);

b) a golden copy means in the central financial-asset management server (202) to store the said scrubbed corporate action event;

c) a generating module (205) to generate at least one agent variance data from the variance message (206);

d) an enterprise application interface module (207), real-time processing framework (208) and a reference database (209) to match the said generated variance data with the stored corporate action event; and

e) a straight-through processing module (210) to link the matched agent variable data to the corporate action event stored in the said golden copy means.

2. A system of claim 1, wherein the said corporate action event may be received from at least one market vendor server such as financial institute server, financial news media server or combinations thereof.

3. A system of claim 1, wherein the said at least one variance message may be received from at least one agent server such as counterparty server, depository server, custodian server, data provider server or combinations thereof.

4. A system of claim 1, wherein the said at least one central financial-asset management server may be included from a group comprising an investment bank (IB) server, a custodian bank server or combinations thereof.

5. A system of claim 1, wherein the said enterprise application interface module (207), real-time processing framework (208) and a reference database (209) comprises various rules, policies and algorithms related to matching the said corporate action event to the agent variance data.

6. A system of claim 1, wherein the central financial-asset management server further comprising a display means for displaying the linked agent variance data to the corporate action event.

7. A method for real-time linking of at least one variance message received from at least one agent server (104) related to at least one corporate action event (101) received on at least one central financial-asset management server (111), the method comprising:

a) scrubbing and validating (102) the said received corporate action event;

b) storing the said scrubbed and validated corporate action event in a golden copy (103) related to the at least one event;

c) generating at least one agent variance data (105) from the said received variance message (104);

d) matching the generated variance data to the corporate action event stored in the said golden copy; and

e) linking (106) the matched agent variable data to the corporate action event stored in the golden copy by means of straight-through processing.

8. A method of claim 7, wherein the said corporate action event may be received from at least one market vendor server such as financial institute server, financial news media server or combinations thereof.

9. A method of claim 7, wherein the said variance message may be received from at least one agent server such as counterparty server, depository server, custodian server, data provider server or combinations thereof.

10. A method of claim 7, wherein the said financial-asset management server may be included from a group comprising an investment bank (IB) server, a custodian bank server or combinations thereof.

11. A method of claim 9, wherein the variance message may be received in the form of a SWIFT MT564 message.

12. A method of claim 7, wherein the generated variance data includes from a group comprising option details, option deadlines, balance, safekeeping account, deadline dates or combinations thereof related to the said at least one corporate action event.

13. A method of claim 7, wherein the matching of generated agent variable data to the stored corporate action event in the said golden copy is implemented using a rule based framework and a reference database comprising various matching rules, policies and algorithms.