Systems and methods for monitoring credit of trading counterparties
First Claim
1. A method, comprising:
- accumulating, by at least one processor, values of trades by a trader in a trading market to obtain an accumulated position for the trader;
comparing, by the at least one processor, the accumulated position for the trader with a trading limit assigned against the trader for the trading market;
determining, by the at least one processor, whether the accumulated position for the trader exceeds the trading limit; and
shutting off, by the at least one processor for the trader, an ability to trade in the trading market when the accumulated position for the trader exceeds the trading limit.
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties'"'"' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties'"'"' trading ability when counterparties exceed a credit limit. An operator of a credit system using these systems and methods is provided with a variety of interfaces through which the operator can set up new counterparties, search a list of counterparties, view and edit basic information for counterparties, view financial information for counterparties, view and edit notes regarding to counterparties, view and edit limits of counterparties, view position versus limit information for counterparties, view the current day'"'"'s position information for counterparties, and view cumulative position information for counterparties.
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Citations
43 Claims
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1. A method, comprising:
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accumulating, by at least one processor, values of trades by a trader in a trading market to obtain an accumulated position for the trader; comparing, by the at least one processor, the accumulated position for the trader with a trading limit assigned against the trader for the trading market; determining, by the at least one processor, whether the accumulated position for the trader exceeds the trading limit; and shutting off, by the at least one processor for the trader, an ability to trade in the trading market when the accumulated position for the trader exceeds the trading limit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. An apparatus comprising at least one processor configured to:
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accumulate values of trades by a trader in a trading market to obtain an accumulated position for the trader, compare the accumulated position for the trader with a trading limit assigned against the trader for the trading market, determine whether the accumulated position for the trader exceeds the trading limit, and shut off, for the trader, an ability to trade in the trading market when the accumulated position for the trader exceeds the trading limit. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A method, comprising:
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accumulating, by at least one processor, a value of a conducted trade by a trader in a trading market with a value of at least one trade previously conducted by the trader in the trading market to obtain an accumulated position for the trader; comparing, by the at least one processor, the accumulated position for the trader with a trading limit assigned against the trader for the trading market; determining, by the at least one processor, whether the accumulated position for the trader exceeds the trading limit; and shutting off, by the at least one processor for the trader, an ability to trade in the trading market when the accumulated position for the trader exceeds the trading limit. - View Dependent Claims (34, 35, 36, 37, 38, 39)
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40. A method comprising:
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accumulating, by at least one processor, values of trades by a plurality of traders in a trading market to obtain an accumulated position, in which the plurality of traders are associated with a parent entity; determining, by the at least one processor, whether the accumulated position exceeds a trading limit assigned against the parent entity for the trading market; and shutting off, by the at least one processor for the plurality of traders, an ability to trade in the trading market when the accumulated position exceeds the trading limit. - View Dependent Claims (41, 42, 43)
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Specification