Dollar Depository Receipts and Electronic Friends Trading and Repo Transactions
First Claim
1. A method comprising:
- receiving, by at least one processor, from a first user a request to create an account;
receiving, by the at least one processor, from the first user a designation of a plurality of accountholders of the account;
receiving, by the at least one processor, from the first user a designation of a subset of the plurality of accountholders authorized to transfer account assets out of the account, the subset of the plurality of accountholders comprising a second user;
receiving, by the at least one processor, from the first user a designation of rules specifying how accountholders may be added or removed from the account;
causing, by the at least one processor, the account to be activated;
receiving, by the at least one processor, from the second user a request to trade an asset of the account;
causing, by the at least one processor, the requested trade;
adding, by the at least one processor, a new accountholder to the account in accordance with the rules specifying how accountholders may be added or removed.
2 Assignments
0 Petitions
Accused Products
Abstract
According to various embodiments, systems and methods are provided for creating and managing a group account, e.g., via a social network platform. A first user may request to create an account. The first user may designate a plurality of accountholders for the account and a subset of accountholders authorized to transact trades and other transactions for the account. The first user may also specify rules governing how accountholders may be added or removed from the account. The account may be activated. An authorized trader may conduct trades and other transactions on behalf of the account, such as repo transactions and the trading of Dollar Depository Receipts. Accountholders may be added or removed in accordance with the rules.
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Citations
55 Claims
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1. A method comprising:
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receiving, by at least one processor, from a first user a request to create an account; receiving, by the at least one processor, from the first user a designation of a plurality of accountholders of the account; receiving, by the at least one processor, from the first user a designation of a subset of the plurality of accountholders authorized to transfer account assets out of the account, the subset of the plurality of accountholders comprising a second user; receiving, by the at least one processor, from the first user a designation of rules specifying how accountholders may be added or removed from the account; causing, by the at least one processor, the account to be activated; receiving, by the at least one processor, from the second user a request to trade an asset of the account; causing, by the at least one processor, the requested trade; adding, by the at least one processor, a new accountholder to the account in accordance with the rules specifying how accountholders may be added or removed. - View Dependent Claims (3, 5, 6, 8, 14, 15, 17, 35, 37, 38, 40, 41, 43, 47, 48, 50)
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2. (canceled)
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4. (canceled)
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7. (canceled)
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9-11. -11. (canceled)
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13. (canceled)
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16. (canceled)
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18-34. -34. (canceled)
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36. (canceled)
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39. (canceled)
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42. (canceled)
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44-46. -46. (canceled)
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49. (canceled)
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51-53. -53. (canceled)
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54. An apparatus comprising:
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at least one processor; and at least one memory having instructions stored thereon which, when executed, direct the at least one processor to; receive from a first user a request to create an account; receive from the first user a designation of a plurality of accountholders of the account; receive from the first user a designation of a subset of the plurality of accountholders authorized to transfer account assets out of the account, the subset of the plurality of accountholders comprising a second user; receive from the first user a designation of rules specifying how accountholders may be added or removed from the account; cause the account to be activated; receive from the second user a request to trade an asset of the account; cause the requested trade; add a new accountholder to the account in accordance with the rules specifying how accountholders may be added or removed.
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55. A tangible computer-readable medium having instructions stored thereon that are configured to cause at least one processor to:
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receive from a first user a request to create an account; receive from the first user a designation of a plurality of accountholders of the account; receive from the first user a designation of a subset of the plurality of accountholders authorized to transfer account assets out of the account, the subset of the plurality of accountholders comprising a second user; receive from the first user a designation of rules specifying how accountholders may be added or removed from the account; cause the account to be activated; receive from the second user a request to trade an asset of the account; cause the requested trade; add a new accountholder to the account in accordance with the rules specifying how accountholders may be added or removed.
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Specification