Network-based sub-allocation systems and methods for swaps
First Claim
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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.
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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.
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Citations
20 Claims
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1. A computer-implemented method for sub-allocating swaps among accounts of a user, comprising:
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(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. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for sub-allocating swaps among accounts of a user comprising:
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(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. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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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:
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(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. - View Dependent Claims (17, 18, 19, 20)
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Specification