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Securities brokerage-cash management system

  • US 4,376,978 A
  • Filed: 10/22/1980
  • Issued: 03/15/1983
  • Est. Priority Date: 07/29/1980
  • Status: Expired due to Term
First Claim
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1. In combination in a system for processing and supervising a plurality of composite subscriber accounts each comprising a margin brokerage account, subscriber implemented funds withdrawal means administered by institution means, and participation in at least one short term investment, manual entry means being employed for entering short term investment orders, brokerage account data file magnetic storage means for storing current information characterizing each subscriber margin brokerage account, means for receiving and verifying subscriber funds withdrawal transactions from said institution means and short term investment orders from said manual entry means, generating an updated credit limit for each account operating upon said brokerage account data file and said received and verified information, said updated credit limits for said plural subscriber accounts being communicated to said first institution, means for selectively generating short term investment transactions as required to generate and invest proceeds from said subscriber'"'"'s accounts, said system further including plural such short term investments, and means for allocating said short term investment transactions to at least a predetermined one of said plural short term investments.

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