Network-based sub-allocation systems and methods for swaps

• US 8,015,096 B2
• Filed: 06/25/2010
• Issued: 09/06/2011
• Est. Priority Date: 12/03/2002
• Status: Expired due to Fees

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Dalban, Christian, Miller, Andrew D J, Karotsch, Eliane, Bleunven, Daniel
• Primary Examiner(s): Kramer; James A
• Assistant Examiner(s): Vezeris; James A
• Application Number:
  US12/823,593
• Publication Number:
  US 20100318456A1
• Time in Patent Office: 438 Days
• Field of Search: 705/37, 705/35
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Network-based systems and methods for hosting and operating a network-based platform that allows clients to open and build a portfolio-swap account that is subdivided into a plurality of client sub-accounts or funds. The methods and systems of the invention allow the client to sub-allocate equity-swap transactions among its various client sub-account or funds as the client deems appropriate.

Claims

1. A computer-implemented method for sub-allocating swaps among accounts of a user, comprising:

(a) providing a network-based platform through a programmable computer to the user, wherein the user accesses the network-based platform through an interface connected to the network-based platform, wherein the network-based platform comprises (i) the accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;

(b) receiving, through the programmable computer, a selection made by the user through the interface of unallocated swaps to be allocated into the accounts;

(c) identifying, through the programmable computer, selected swaps having the same underlying equities and purchased and the same day and then combining the identified swaps; and

(d) sub-allocating, through the programmable computer, the selected swaps and the combined identified swaps from step (c) into the accounts of the user.

2. The method of claim 1, wherein the user is a mutual fund and the financier is a financial institution.

3. The method of claim 1, wherein the interface is a web page.

4. The method of claim 1, wherein the network-based platform is an Internet server.

5. The method of claim 1, wherein the selection of unallocated swaps by the user comprises a percentage of the unallocated swaps to be allocated.

6. The method of claim 1, wherein the selection of unallocated swaps by the user comprises a number of shares of the unallocated swaps to be allocated.

7. The method of claim 1, further comprising executing a financial transaction by way of the network-based platform.

8. A system for sub-allocating swaps among accounts of a user comprising:

(i) a memory storage device;

(ii) a computer processor connected to the storage device;

(iii) one or more computer software programs for controlling the computer processor;

wherein the memory storage device and the processor are operative with the programs to;

(a) provide a network-based platform accessible by the user through an interface connected to the network-based platform, the network-based platform comprising (i) the accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;

(b) receive a selection made by the user of unallocated swaps to be allocated into the accounts;

(c) identify selected swaps having the same underlying equities and purchased and the same day and combine the identified swaps; and

(d) sub-allocate the selected swaps and the combined identified swaps from step (c) into the accounts of the user.

9. The system of claim 8, wherein the interface is a web page.

10. The system of claim 8, wherein the accounts are mutual funds.

11. The system of claim 8, wherein the memory storage device and the processor are operative with the program such that the user may interact with the interface to instruct the network-based platform to sub-allocate the selected swaps and the combined identified swaps into the accounts by entering a percentage of the selected swaps and combined swaps to be allocated.

12. The system of claim 8, wherein the memory storage device and the processor are operative with the program such that the user may interact with the interface to instruct the network-based platform to sub-allocate the selected swaps and the combined identified swaps into the accounts by entering a number of shares selected swaps and combined swaps to be allocated.

13. The system of claim 8, wherein the memory storage device and the processor are further operative with the program such that the user may enter into the swaps through the network-based platform.

14. The system of claim 8, wherein the memory storage device and the processor are further operative with the program such a financial transaction may be executed through the network-based platform.

15. The system of claim 14, wherein the financial transaction is purchase or sale of a listed commodity.

16. A computer readable medium programmed with computer software that is operative to cause a system comprising a memory storage device and a processor to:

(a) provide a network-based platform accessible by a user through an interface connected to the network-based platform, the network-based platform comprising (i) accounts of the user and (ii) a record of unallocated swaps that have been entered into by the user and a financier, wherein the unallocated swaps comprise swaps having the same underlying equities and purchased on the same day;

(b) receive a selection made by the user of unallocated swaps to be allocated into the accounts;

(c) identify selected swaps having the same underlying equities and purchased and the same day and then combine the identified swaps; and

(d) sub-allocate the selected swaps and the combined identified swaps from step (c) into the accounts of the user.

17. The computer-readable medium of claim 16, wherein the interface is a web page.

18. The computer-readable medium of claim 16, wherein the accounts are mutual funds.

19. The computer-readable medium of claim 16, operative such that the user may interact with the interface to instruct the network-based platform to sub-allocate the selected swaps and the combined identified swaps into the accounts by entering a percentage of the selected swaps and combined swaps to be allocated.

20. The computer-readable medium of claim 16, operative such that the user may interact with the interface to instruct the network-based platform to sub-allocate the selected swaps and the combined identified swaps into the accounts by entering a number of shares of the selected swaps and combined swaps to be allocated.