Methods, systems, and computer readable media for facilitating the exchange of reciprocal deposits
DCFirst Claim
1. A system for facilitating the exchange of reciprocal deposits, the system comprising:
- a first bank for participating in an exchange of reciprocal deposits; and
a control center for implementing an exchange of reciprocal deposits between the first bank and a second bank for receiving deposits, wherein the control center is configured to;
receive, from the first bank, a first request for placement of reciprocal deposits, the request defining a first set of requirements;
receive, from the second bank, a second request for placement of reciprocal deposits, the request defining a second set of requirements;
determine whether the first set of requirements matches the second set of requirements; and
in response to determining that the first set of requirements matches the second set of requirements, perform an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank to off-balance sheet deposits to the second bank, and receive at the first bank reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate.
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Abstract
A control center receives, from the first bank, a first request with a first set of requirements for placement of reciprocal deposits. A second request with a second set of requirements is received from a second bank. The control center determines whether the first set of requirements matches the second set of requirements, which include maturity and interest rate. In response to a match, the control center performs an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank to off-balance sheet deposits to the second bank. The first bank receives reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits.
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Citations
32 Claims
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1. A system for facilitating the exchange of reciprocal deposits, the system comprising:
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a first bank for participating in an exchange of reciprocal deposits; and a control center for implementing an exchange of reciprocal deposits between the first bank and a second bank for receiving deposits, wherein the control center is configured to; receive, from the first bank, a first request for placement of reciprocal deposits, the request defining a first set of requirements; receive, from the second bank, a second request for placement of reciprocal deposits, the request defining a second set of requirements; determine whether the first set of requirements matches the second set of requirements; and in response to determining that the first set of requirements matches the second set of requirements, perform an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank to off-balance sheet deposits to the second bank, and receive at the first bank reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for facilitating the exchange of reciprocal deposits, the method comprising:
at a control center having at least one computer; receiving, from a first bank of origination, a first request for placement of reciprocal deposits, the request defining a first set of requirements; receiving, from a second bank of origination, a second request for placement of reciprocal deposits, the request defining a second set of requirements; determining whether the first set of requirements matches the second set of requirements; and in response to determining that the first set of requirements matches the second set of requirements, performing an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank of origination to off-balance sheet deposits to the second bank of origination, and receiving at the first bank of origination reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. A non-transitory computer readable medium having stored thereon executable instructions that when executed by the processor of a computer control the computer to perform steps comprising:
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receiving, from a first bank of origination, a first request for placement of reciprocal deposits, the request defining a first set of requirements; receiving, from a second bank of origination, a second request for placement of reciprocal deposits, the request defining a second set of requirements; determining whether the first set of requirements matches the second set of requirements; in response to determining that the first set of requirements matches the second set of requirements, performing an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank of origination to off-balance sheet deposits to the second bank of origination, and receiving at the first bank of origination reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate. - View Dependent Claims (31, 32)
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Specification