Loan management account
First Claim
1. A method for electronically managing financial accounts comprising:
- electronically accessing a collateral account held at a financial institution using a computer;
analyzing the collateral account in real time to determine a market value of the collateral account;
establishing a loan account secured by the collateral account with the financial institution using the computer, the loan account comprising a separate bank account from the collateral account;
determining, by the computer, an initial credit limit of the loan account based on the determined market value of the collateral account;
periodically recalculating, by the computer, the market value of the collateral account after the loan account has been established;
adjusting, by the computer, the credit limit of the loan account based on the periodically recalculated market value of the collateral account after the loan account has been established; and
interfacing the collateral account with the loan account within the financial institution, such that funds at or under the credit limit are automatically available for withdrawal from the loan account,wherein the collateral account includes a brokerage account at the financial institution and the loan account includes a bank account at the financial institution, and wherein the collateral account includes at least one of an equity, a certificate of deposit, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument.
2 Assignments
0 Petitions
Accused Products
Abstract
One or more brokerage collateral accounts held at a financial institution are provided. A bank loan account secured by at least one of the collateral accounts with the financial institution is established. The bank loan account interfaces with the collateral accounts within the financial institution. The bank loan account has a credit limit that is based on a market value of the secured collateral accounts. The collateral accounts include various types of assets. The loan account includes a revolving line of credit, any number of term loans, or letters of credit. The interest rate of the line of credit may be based on a selected index rate. Further, the loan account may be used as an overdraft account for the secured collateral account. Clients may access both their collateral accounts and their loan account through the brokerage infrastructure including an integrated portal with a network of computers or via telephone.
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Citations
47 Claims
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1. A method for electronically managing financial accounts comprising:
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electronically accessing a collateral account held at a financial institution using a computer; analyzing the collateral account in real time to determine a market value of the collateral account; establishing a loan account secured by the collateral account with the financial institution using the computer, the loan account comprising a separate bank account from the collateral account; determining, by the computer, an initial credit limit of the loan account based on the determined market value of the collateral account; periodically recalculating, by the computer, the market value of the collateral account after the loan account has been established; adjusting, by the computer, the credit limit of the loan account based on the periodically recalculated market value of the collateral account after the loan account has been established; and interfacing the collateral account with the loan account within the financial institution, such that funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the collateral account includes a brokerage account at the financial institution and the loan account includes a bank account at the financial institution, and wherein the collateral account includes at least one of an equity, a certificate of deposit, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A method for electronically establishing a loan account at a financial institution, the method comprising:
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analyzing a collateral account at the financial institution to determine a market value of the collateral account using a computer, wherein the computer performs the analysis of the collateral account; determining an initial credit limit of a loan account secured by the collateral account based on the determined market value of the collateral account by the computer in real time; periodically recalculating, by the computer, the market value of the collateral account after the loan account has been established; adjusting, by the computer, the credit limit of the loan account based on the periodically recalculated market value of the collateral account after the loan account has been established; and interfacing the collateral account with the loan account within the financial institution, such that funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the collateral account includes a brokerage account at the financial institution, and the loan account includes a banking account at the financial institution, wherein the banking account is separate from the collateral account, and wherein the collateral account includes at least one of an equity, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
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38. A method for real-time managing a loan account at a financial institution, the method performed in electronically and comprising:
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determining in real-time a market value of a collateral account pledged against a loan account using a computer; adjusting in real-time, after the loan account has been established, a credit limit of the loan account based on the determined market value using the computer; and interfacing in real-time the collateral account with the loan account within the financial institution using the computer, wherein funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the loan account is a bank account at the financial institution, and the collateral account is a brokerage account at the financial institution, wherein the bank account is separate from the collateral account, and wherein the collateral includes at least one of an equity, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument. - View Dependent Claims (39, 40, 41, 42, 43, 44)
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45. A program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method for managing financial accounts, the method comprising:
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electronically accessing a collateral account held at a financial institution;
analyzing the collateral account in real time to determine a market value of the collateral account;establishing a loan account secured by the collateral account with the financial institution; determining an initial credit limit of the loan account based on the determined market value of the collateral account; periodically recalculating the market value of the collateral account after the loan account has been established; adjusting the credit limit of the loan account based on the periodically recalculated market value of the collateral account after the loan account has been established; and interfacing the collateral account with the loan account within the financial institution, such that funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the collateral account includes a brokerage account at the financial institution and the loan account includes a bank account at the financial institution, wherein the bank account is separate from the collateral account, and wherein the collateral account includes at least one of an equity, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument.
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46. A program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method for establishing a loan account at a financial institution, the method comprising:
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analyzing a collateral account at the financial institution to determine a market value of the collateral account, wherein the computer performs the analysis of the collateral account; determining an initial credit limit of a loan account secured by the collateral account based on the determined market value of the collateral account in real time; periodically recalculating, by the computer, the market value of the collateral account after the loan account has been established; adjusting, by the computer, the credit limit of the loan account based on the periodically recalculated market value of the collateral account after the loan account has been established; and interfacing the collateral account with the loan account within the financial institution, such that funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the collateral account includes a brokerage account at the financial institution, and the loan account includes a banking account at the financial institution, wherein the banking account is separate from the collateral account, and wherein the collateral account includes at least one of an equity, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument.
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47. A program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method for managing a loan account at a financial institution, the method comprising:
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determining in real-time a market value of a collateral account pledged against the loan account; adjusting in real-time, after the loan account has been established, a credit limit of the loan account based on the determined market value; and interfacing in real-time the collateral account with the loan account within the financial institution, wherein funds at or under the credit limit are automatically available for withdrawal from the loan account, wherein the loan account is a bank account at the financial institution, and the collateral account is a brokerage account at the financial institution, wherein the bank account is separate form the collateral account, and wherein the collateral account includes at least one of an equity, a commercial paper, a real estate investment trust, a corporate instrument, a treasury debt instrument, a municipal debt instrument or a derivative instrument.
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Specification