Method and system for providing financial functions

  • US 7,395,232 B1
  • Filed: 08/30/2000
  • Issued: 07/01/2008
  • Est. Priority Date: 08/30/2000
  • Status: Expired due to Fees
First Claim
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1. A computer-assisted method comprising:

  • relating to each of a plurality of institutional or corporate 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 in real-time across a packet-switched public network via a network-based user interface;

    receiving from the client financial information sufficient to enable the agent to perform the plurality of credit management activities on behalf of the client;

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

    creating risk management information relating to the financial information;

    based on an analysis of the risk management information in the context of the financial information, identifying credit exposures arising from;

    positions on bonds and money market instruments;

    derivatives counterparties;

    securities trading counterparties; and

    loans;

    based on the analysis of the risk management information in the context of the financial information, determining actions to manage the credit exposures, the actions comprising;

    monitoring credit risk limits utilizations and positions with derivatives counterparties, securities trading counterparties, borrowers, and bond issuers;

    monitoring that transactions are undertaken with eligible counterparties and on eligible financial products;

    producing daily actual profit and loss reports;

    producing daily predicted profit and loss reports from positions information combined with the risk management information;

    comparing daily actual profit and loss reports to predicted profit and loss reports;

    determining particular trades and hedges to manage the credit exposures; and

    causing execution of the determined trades and hedges, said execution adapted to be halted in real-time 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 comprising a log of all executed trades and hedges and a record of market conditions at the time of each executed trade and hedge, the audit trail securely, continuously, and transparently examinable by the client across the packet-switched public network via the network-based user interface; and

    in real time, 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.

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