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Margin reserve in lending

  • US 7,774,253 B1
  • Filed: 03/01/2007
  • Issued: 08/10/2010
  • Est. Priority Date: 10/27/2006
  • Status: Active Grant
First Claim
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1. A method for administering, using a computer loan system, an agreement relating to a loan having an arranger, lenders, and a borrower, the method comprising:

  • at time t1, recording, on memory in the computer loan system, an initial price of the loan corresponding to the agreement, the initial price of the loan comprising a reserve rate;

    at time t3, receiving, at the computer loan system, information for use with a pricing grid recorded on the memory in the computer loan system, where the information comprises a report of the borrower'"'"'s financial status for use with the pricing grid;

    determining, using a processor of the computer loan system, an adjusted price of the loan using the information and the pricing grid;

    applying the adjusted price of the loan for a period of time starting at a time t2 and ending at the time t3, where the time t2 is earlier than the time t3;

    determining that the adjusted price of the loan is not less than the initial price of the loan; and

    at time t3, requesting distribution of a reserve amount of the loan that accrued at the reserve rate for a period of time ending prior to the time t3, in accordance with the adjusted price of the loan.

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