Method and system for providing financial functions

• US 7,962,389 B1
• Filed: 06/12/2008
• Issued: 06/14/2011
• Est. Priority Date: 08/30/2000
• Status: Expired due to Fees

• Current Assignee: Traderisks Incorporated
• Original Assignee: Traderisks Incorporated
• Inventors: Pilato, Alejandro M.
• Primary Examiner(s): Borlinghaus; Jason M
• Application Number:
  US12/137,602
• Time in Patent Office: 1,097 Days
• Field of Search: None
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method is disclosed for providing financial functions by an agent for each of a plurality of clients. One embodiment includes, relating to a financial function of each client, demonstrating that more than one activity of the agent can be transparent to the client, receiving financial information at the agent, creating risk management information relating to the financial information, analyzing the risk management information in the context of the financial information, determining an action based on the analysis, facilitating implementation of an action on behalf of the client, and communicating with the client one or more activities of the agent.

Claims

1. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of credit management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

performing, by the agent, the plurality of credit management activities on behalf of the client, the plurality of credit management activities comprising;

causing execution of trades and hedges, said execution adapted to be halted by the client across the packet-switched public network via the network-based user interface;

automatically recording a verifiable audit trail of the plurality of credit management activities performed by the agent on behalf of the client, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

securely, continuously, transparently, and automatically communicating the plurality of credit management activities of the agent to the client across the packet-switched public network via the network-based user interface.

2. A computer-assisted method, comprising:

over a networked computerized system;

receiving a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently monitoring the plurality of financial function activities performed by the agent;

monitoring an audit trail of the plurality of financial function activities performed by the agent;

the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

interceding in at least one of the plurality of financial function activities performed by the agent.

3. The method of claim 2, further comprising:

receiving information regarding at least one of the plurality of financial function activities.

4. The method of claim 2, further comprising:

providing feedback regarding at least one of the plurality of financial function activities.

5. The method of claim 2, wherein:

the monitoring of the plurality of financial function activities is performed in real-time.

6. The method of claim 2, wherein:

the monitoring of the plurality of financial function activities is performed in near real-time.

7. A networked computerized system adapted to allow a client to:

receive a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently monitor the plurality of financial function activities performed by the agent;

monitor an audit trail of the plurality of financial management activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

intercede in at least one of the plurality of financial function activities performed by the agent.

8. A computer-readable medium comprising computer-implementable instructions for activities comprising:

over a networked computerized system;

receiving a demonstration, by an agent, that a plurality of financial function activities performed by the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently monitoring the plurality of financial function activities performed by the agent;

monitoring an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

interceding in at least one of the plurality of financial function activities performed by the agent.

9. A computer-assisted method, comprising:

via a networked computerized system;

permitting secure, continuous, and transparent monitoring by a client of each of a plurality of financial function activities performed by an agent;

creating an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

allowing the client to halt the agent from performing at least one of the plurality of financial function activities.

10. The method of claim 9, further comprising:

reporting, to the client, a reason behind a decision to perform at least one of the plurality of financial function activities.

11. The method of claim 9, wherein:

the transmitting is performed automatically.

12. A networked computerized system adapted to allow an agent to:

permit secure, continuous, and transparent monitoring by a client of each of a plurality of financial function activities performed by an agent;

create an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

allow the client to halt the agent from performing at least one of the plurality of financial function activities.

13. A computer-readable medium storing computer-implementable instructions, wherein when implemented by a computer performs the method comprising:

over a networked computerized system;

permitting secure, continuous, and transparent monitoring by a client of each of a plurality of financial function activities performed by an agent;

creating an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across, the packet-switched public network via the network-based user interface; and

allowing the client to halt the agent from performing at least one of the plurality of financial function activities.

14. A computer-assisted method, comprising:

over a networked computerized system;

demonstrating that a plurality of financial function activities performed by an agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently transmitting to the client information regarding each of the plurality of financial function activities performed by the agent;

providing access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

being halted by the client from performing at least one of the plurality of financial function activities.

15. A networked computerized system adapted to allow an agent to:

demonstrate that a plurality of financial function activities performed by the agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently transmit to a client information regarding each of a plurality of financial function activities performed by the agent;

provide access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

be halted by the client from performing at least one of the plurality of financial function activities.

16. A computer-readable medium storing computer-implementable instructions, wherein when executed by a computer performs the method comprising:

over a networked computerized system;

demonstrating that a plurality of financial function activities performed by an agent on behalf of a client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

securely, continuously, and transparently transmitting to a client information regarding each of a plurality of financial function activities performed by the agent;

providing access to the client to an audit trail of the plurality of financial function activities performed by the agent, the audit trail automatically-recorded, verifiable, and securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

being halted by the client from performing at least one of the plurality of financial function activities.

17. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of short-term funding and cash management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

performing, by the agent, the plurality of short-term funding and cash management activities on behalf of the client, the plurality of short-term funding and cash management activities comprising;

causing execution of trades and hedges, said execution adapted to be halted by the client across the packet-switched public network via the network-based user interface;

automatically recording a verifiable audit trail of the plurality of short-term funding and cash management activities performed by the agent on behalf of the client, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

securely, continuously, transparently, and automatically communicating the plurality of short-term funding and cash management activities of the agent to the client across the packet-switched public network via the network-based user interface.

18. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of asset and liability management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

performing, by the agent, the plurality of asset and liability management activities on behalf of the client, the plurality of asset and liability management activities comprising;

causing execution of trades and hedges, said execution adapted to be halted by the client across the packet-switched public network via the network-based user interface;

automatically recording a verifiable audit trail of the plurality of asset and liability management activities performed by the agent on behalf of the client, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

securely, continuously, transparently, and automatically communicating the plurality of asset and liability management activities of the agent to the client across the packet-switched public network via the network-based user interface.

19. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of market risk management activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

performing, by the agent, the plurality of market risk management activities on behalf of the client, the plurality of market risk management activities comprising;

causing execution of trades and hedges, said execution adapted to be halted by the client across the packet-switched public network via the network-based user interface;

automatically recording a verifiable audit trail of the plurality of market risk management activities performed by the agent on behalf of the client, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

securely, continuously, transparently, and automatically communicating the plurality of market risk management activities of the agent to the client across the packet-switched public network via the network-based user interface.

20. A computer-assisted method comprising:

relating to each of a plurality of clients of an agent;

demonstrating, to the client, that a plurality of financial function activities of the agent on behalf of the client are securely, continuously, and transparently monitorable by the client across a packet-switched public network via a network-based user interface;

performing, by the agent, the plurality of financial function activities on behalf of the client, the plurality of financial function activities comprising;

causing execution of trades and hedges, said execution adapted to be halted by the client across the packet-switched public network via the network-based user interface;

automatically recording a verifiable audit trail of the plurality of financial function activities performed by the agent on behalf of the client, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

securely, continuously, transparently, and automatically communicating the plurality of financial function activities of the agent to the client across the packet-switched public network via the network-based user interface.