Method and System for Providing Financial Functions

• US 20130041787A1
• Filed: 05/09/2011
• Published: 02/14/2013
• Est. Priority Date: 08/30/2000
• Status: Abandoned Application

• Current Assignee: Traderisks Incorporated
• Original Assignee: Traderisks Incorporated
• Inventors: Pilato, Alejandro M.
• Application Number:
  US13/103,223
• Publication Number:
  US 20130041787A1
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method is disclosed for providing financial functions by an agent for each of a plurality of clients. One embodiment includes, relating to a financial function of each client, demonstrating that more than one activity of the agent can be transparent to the client, receiving financial information at the agent, creating risk management information relating to the financial information, analyzing the risk management information in the context of the financial information, determining an action based on the analysis, facilitating implementation of an action on behalf of the client, and communicating with the client one or more activities of the agent.

Claims

1. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of credit management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

performing, by the agent, the plurality of credit management activities on behalf of the client, the plurality of credit management activities comprising;

causing execution of a plurality of trades and/or hedges;

automatically halting at least one, but not all, of the plurality of trades and/or hedges, upon receiving an instruction originated by the client across the packet-switched network via the computer-based user interface;

automatically recording a verifiable audit trail of the plurality of credit management activities performed by the agent on behalf of the client, the audit trail securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

securely, transparently, and automatically communicating the plurality of credit management activities of the agent to the client across the packet-switched network via the computer-based user interface.

2. A computer-assisted method, comprising:

over a networked computerized system;

receiving a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently monitoring the plurality of financial function activities performed by the agent;

monitoring an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

responsive to a request initiated by the client, automatically interceding in at least one, but not all, of the plurality of financial function activities performed by the agent.

3. The method of claim 2, further comprising:

receiving information regarding at least one of the plurality of financial function activities.

4. The method of claim 2, further comprising:

providing feedback regarding at least one of the plurality of financial function activities.

5. The method of claim 2, wherein:

the monitoring of the plurality of financial function activities is performed in real-time.

6. The method of claim 2, wherein:

the monitoring of the plurality of financial function activities is performed in near real-time.

7. A networked computerized system adapted to allow a client to:

receive a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of the client are securely and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently monitor the plurality of financial function activities performed by the agent;

monitor an audit trail of the plurality of financial management activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

responsive to a request initiated by the client, automatically intercede in at least one, but not all, of the plurality of financial function activities performed by the agent.

8. A computer-readable medium storing computer-implementable instructions for performing activities comprising:

over a networked computerized system;

receiving a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently monitoring the plurality of financial function activities performed by the agent;

monitoring an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

interceding in at least one, but not all, of the plurality of financial function activities performed by the agent.

9. A computer-assisted method, comprising:

via a networked computerized system;

facilitating secure and continuous monitoring by a client, across a packet-switched network, of each of a plurality of financial function activities performed by an agent;

creating an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via a computer-based user interface; and

facilitating the client to cause the networked computerized system to automatically halt the agent from performing at least one, but not all, of the plurality of financial function activities.

10. The method of claim 9, further comprising:

reporting, to the client, a reason behind a decision to perform at least one of the plurality of financial function activities.

11. The method of claim 9, wherein:

the monitoring is performed automatically.

21. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of credit management activities.

22. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of short term funding activities.

23. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of asset and liability management activities.

24. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of market risk management activities.

25. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of trading activities.

26. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of trade execution activities.

28. The computer-assisted method of claim 9, wherein:

the plurality of financial function activities comprise a plurality of cash management activities.

12. A networked computerized system adapted to allow an agent to:

facilitate secure continuous monitoring by a client, across a packet-switched network, of each of a plurality of financial function activities performed by an agent;

create an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via a computer-based user interface; and

facilitate the client to halt the agent from performing at least one, but not all, of the plurality of financial function activities.

13. A computer-readable medium storing computer-implementable instructions wherein when implemented by a computer performs a method comprising:

over a networked computerized system;

facilitating secure continuous monitoring by a client, across a packet-switched network, of each of a plurality of financial function activities performed by an agent;

creating an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via a computer-based user interface; and

facilitating the client to halt the agent from performing at least one, but not all, of the plurality of financial function activities.

14. A computer-assisted method, comprising:

over a networked computerized system;

demonstrating that a plurality of financial function activities performed by an agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently transmitting to the client information regarding each of the plurality of financial function activities performed by the agent;

providing access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network; and

automatically being halted, in response to a request initiated by the client, from performing at least one, but not all, of the plurality of financial function activities.

15. A networked computerized system adapted to allow an agent to:

demonstrate that a plurality of financial function activities performed by the agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently transmit to a client information regarding each of a plurality of financial function activities performed by the agent;

provide access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via; and

automatically be halted, in response to a request initiated by the client, from performing at least one, but not all, of the plurality of financial function activities.

16. A computer-readable medium comprising computer-implementable instructions wherein when implemented by a computer performs the method comprising:

over a networked computerized system;

demonstrating that a plurality of financial function activities performed by an agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

securely and transparently transmitting to a client information regarding each of a plurality of financial function activities performed by the agent;

providing access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network; and

automatically being halted, in response to a request initiated by the client, from performing at least one, but not all, of the plurality of financial function activities.

17. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of short-term funding and cash management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a computer-based user interface;

performing, by the agent, the plurality of short-term funding and cash management activities on behalf of the client, the plurality of short-term funding and cash management activities comprising;

causing execution of a plurality of trades and/or hedges;

automatically halting execution of at least one, but not all, of said plurality of trades and/or hedges upon receiving an instruction originated by the client across the packet-switched network via the computer-based user interface;

automatically recording a verifiable audit trail of the plurality of short-term funding and cash management activities performed by the agent on behalf of the client, the audit trail securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

securely, transparently and automatically communicating the plurality of short-term funding and cash management activities of the agent to the client across the packet-switched network via the computer-based user interface.

18. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of asset and liability management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

performing, by the agent, the plurality of asset and liability management activities on behalf of the client, the plurality of asset and liability management activities comprising;

causing execution of a plurality of trades;

automatically halting execution of at least one, but not all, of said plurality of trades upon receiving an instruction originated by the client across the packet-switched network via the computer-based user interface;

automatically recording a verifiable audit trail of the plurality of asset and liability management activities performed by the agent on behalf of the client, the audit trail securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

securely, transparently and automatically communicating the plurality of asset and liability management activities of the agent to the client across the packet-switched network via the computer-based user interface.

19. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of market risk management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

performing, by the agent, the plurality of market risk management activities on behalf of the client, the plurality of market risk management activities comprising;

causing execution of a plurality of trades;

automatically halting execution of at least one, but not all, of said plurality of trades upon receiving an instruction originated by the client across the packet-switched network via the computer-based user interface;

automatically recording a verifiable audit trail of the plurality of market risk management activities performed by the agent on behalf of the client, the audit trail securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

securely, transparently and automatically communicating the plurality of market risk management activities of the agent to the client across the packet-switched network via the computer-based user interface.

20. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of financial function activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched network via a computer-based user interface;

performing, by the agent, the plurality of financial function activities on behalf of the client, the plurality of financial function activities comprising;

causing execution of a plurality of trades;

automatically halting execution of at least one, but not all, of said trades upon receiving an instruction originated by the client across the packet-switched network via the computer-based user interface;

automatically recording a verifiable audit trail of the plurality of financial function activities performed by the agent on behalf of the client, the audit trail securely and transparently examinable by the client across the packet-switched network via the computer-based user interface; and

securely, transparently, and automatically communicating the plurality of financial function activities of the agent to the client across the packet-switched network via the computer-based user interface.

27. A computer-assisted method, comprising:

via a networked computerized system, automatically;

facilitating secure continuous monitoring by a client of each of a plurality of financial function activities relating to the execution of trades through a centralized system as the plurality of financial function activities are performed by an agent;

creating an audit trail of the plurality of financial function activities as the plurality of financial function activities are performed by the agent, the audit trail automatically recorded, verifiable, and securely examinable by the client via a computer-based user interface; and

during the plurality of financial function activities, automatically implementing a request, received from the client, that the agent discontinue with a remaining portion, but not all, of the plurality of the financial function activities.

29. A computer-assisted method, comprising:

via a networked computerized system;

facilitating a client to cause a networked computer system to automatically halt an agent from performing a sub-plurality of a predetermined plurality of financial function activities as the sub-plurality of financial function activities are being performed by the agent, the sub-plurality of financial function activities securely and continuously monitorable by the client across a packet-switched network, each of the sub-plurality of financial function activities logged via an audit trail that is automatically recorded, verifiable, and securely and transparently examinable by the client across the packet-switched network via a computer-based user interface.

30. A computer-assisted method, comprising:

while an agent is performing one or more financial function activities, facilitating a client to, across a packet-switched network, cause a networked computer system to automatically halt the agent from completing the one or more financial function activities, wherein;

performance of the one or more financial function activities is securely and continuously monitorable by the client across the packet-switched network via a computer-based user interface; and

performance of the one or more financial function activities is automatically recorded via an audit log that is securely and transparently examinable by the client across the packet-switched network.

31. A computer-assisted method, comprising:

responsive to a client-initiated and computer-generated request received across a packet-switched network via a networked computerized system while an agent is performing a selected financial function activity from a plurality of financial function activities, automatically halting the agent from completing the selected financial function activity, wherein;

performance of the plurality of financial function activities is securely and continuously monitorable by the client across the packet-switched network via a computer-based user interface; and

performance of the plurality of financial function activities is automatically recorded via an audit log that is securely and transparently examinable by the client across the packet-switched network.