Securities brokerage-asset management system
First Claim
1. A system for processing financial transaction data for multiple accounts of multiple customers, comprising:
- central reference means for assigning and storing a unique identifier for each customer, said central reference means also associating said accounts of said each customer with the respective unique identifier;
external interface means for receiving transaction data from a source external to said system;
reformatting means for manipulating said external transaction data, said reformatting means also retrieving said unique identifier from said central reference means and inserting said unique identifier into said transaction data; and
computer means upon which said central reference means, external interface means and reformatting means are all located, said computer means being connected by a network to other computers for receiving said transaction data.
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Accused Products
Abstract
A central asset management system is provided having a central reference facility for coordination of all transaction processing. For each customer, a unique identifier (UID) is assigned as a stable, semi-permanent tag. The UID is then used for subsequent processing relating to that customer, even with multiple customer accounts, rather than individual transaction numbers for each process. Use of the UID is facilitated through a front end processor that handles all incoming external transaction data and converts it into a usable format, cross-referenced with the appropriate UID. Use of the UID reduces the overall variability and number of transaction identifiers, thus increasing efficiency and simplifying all aspects of the system. The system makes other simplifying uses of the UID, for example, as a key for segregating the transaction processes into different processing areas to be performed simultaneously. Once processed, transactions are converted back into the necessary formats usable by various external systems by a back end processor.
328 Citations
9 Claims
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1. A system for processing financial transaction data for multiple accounts of multiple customers, comprising:
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central reference means for assigning and storing a unique identifier for each customer, said central reference means also associating said accounts of said each customer with the respective unique identifier; external interface means for receiving transaction data from a source external to said system; reformatting means for manipulating said external transaction data, said reformatting means also retrieving said unique identifier from said central reference means and inserting said unique identifier into said transaction data; and computer means upon which said central reference means, external interface means and reformatting means are all located, said computer means being connected by a network to other computers for receiving said transaction data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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Specification