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System and method for managing a series of overnight financing trades

  • US 7,596,526 B2
  • Filed: 04/16/2002
  • Issued: 09/29/2009
  • Est. Priority Date: 04/16/2001
  • Status: Active Grant
First Claim
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1. A computer-implemented method of managing financing trades, the method comprising:

  • receiving, using at least one user interface device, an original proposed financing trade, the original proposed financing trade comprising a proposed repo trade having a term of a recited number of days starting on a current day;

    decomposing, using at least one computer processor, the original proposed financing trade into a series of decomposed trades with a final maturity of a final trade equal to the term of the original proposed financing trade, wherein the series of decomposed trades comprises a current trade that is netted and settled on the current day and a senes of forward trades that are netted and settled on future dates;

    storing the series of decomposed trades in a database; and

    transmitting, using an electronic connection, the series of decomposed trades to the counterparties for netting and settlement.

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