Syndication loan administration and processing system

• US 7,599,879 B2
• Filed: 03/21/2001
• Issued: 10/06/2009
• Est. Priority Date: 03/24/2000
• Status: Active Grant

• 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: Campbell, Michael X., Louie, Edmund H.
• Primary Examiner(s): Kazimi; Hani
• Assistant Examiner(s): Akintola; Olabode
• Application Number:
  US09/814,243
• Publication Number:
  US 20010054022A1
• Time in Patent Office: 3,121 Days
• Field of Search: 705/36.R, 705/37, 705/38, 709/229
• US Class Current: 705/37
• 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
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• 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
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A loan syndication tracking and management system and method provides a user with access to specific details related to a syndicated loan. The system and method coordinates investor, borrower and resource information, in addition to features related to the overall structure of a syndicated loan. Users access the system with various levels of permissions to view, add, update or delete information according to their allotted permissions. The system permits multiple users to access the information for efficient handling of approvals and requests related to multiple investors and borrowers, in addition to handling institution interchanges and notifications. The system and method keeps a record of all transactions and changes for review, reporting or regulatory purposes. The administration of a syndicated loan transaction is simplified while providing advanced features such as support for loan trading.

Claims

1. A computer-implemented client server-based loan management system for facilitating management of syndicate loans for a syndicate manager, each syndicate loan made to a borrower by a corresponding syndicate group including at least one investor, the system comprising:

a borrower interface enabling borrower access to the system over a communication network;

a borrower management module accessible via the borrower interface and storing therein borrower information including at least borrower contact information, funds transfer instructions, and a borrower fee schedule, the borrower management module including instructions executed by a processing system for managing the borrower information;

an investor interface enabling investor access to the system over a communication network;

an investor management module accessible via the investor interface and storing therein investor information including at least investor contact information, funds transfer instructions, and tax information, the investor management module including instructions executed by the processing system for managing the investor information;

a transaction management module for maintaining information corresponding to particular transactions, the transaction management module including instructions executed by the processing system for managing the information corresponding to particular transactions;

a loan management module comprising a syndicate loan sub-module and a facility management sub-module, wherein the syndicate loan sub-module stores information corresponding to a plurality of different syndicate loans and the facility management module stores information corresponding to a plurality of different credit facilities, each credit facility corresponding to at least one syndicate loan and at least one borrower, the loan management module including instructions executed by the processing system upon receiving a credit facility selection for identifying and retrieving information pertaining to a corresponding syndicate loan;

a report module in communication with the loan management module, the transaction management module, the borrower management module and the investor management module, the report module implemented by the processing system to generate reports related to selected parameters; and

a syndicate manager interface enabling syndicate manager access to the system.

2. A loan management system according to claim 1, further comprising:

a loan portion ownership transfer module operable to inform investors in said loan management system of a first investor offering a loan portion for at least one of a sale and a trade;

said loan portion ownership transfer module being further operable to consummate said at least one of said sale and said trade, whereby recordation of a transfer of said loan portion ownership is made in said loan management system;

and said transfer module is further operable to notify said first investor and an other party to said transfer of consummation of said transfer.

3. A loan management system according to claim 1, further comprising a business logic module including stored criteria for determining if parameters of a transaction are within appropriate value ranges, wherein said business logic is operable to receive and analyze a transaction request from said user through said user interface and operable to approve said transaction request based on said criteria.

4. A loan management system according to claim 1, wherein the investor management module further comprises:

a set of funds transfer instructions for each of said plurality of investors;

and each of said funds transfer instructions having a status indicative of whether said funds transfer instructions are pending or approved.

5. A loan management system according to claim 1, further comprising:

an agent fee calculation module operable to calculate an agent fee;

and said agent fee related to at least one of transactions for and amounts of said loan resources.

6. A loan management system according to claim 1, further comprising:

a user access authorization module;

and an access authorization level assigned to said user, whereby said user is granted access to various portions of said loan management system based on authorization accorded to said user by said user access authorization module determined by said access authorization level.

7. A loan management system according to claim 1, further comprising a contact list including contacts for said plurality of investors and for said at least one borrower.

8. A loan management system according to claim 1, further comprising:

an external data system coupled to the loan management system, wherein a user can provide instructions to loan management system through said user interface module to access said external data system;

and said access to said external data system can be used to compare said loan information with external data, and import and export data to and from the loan management system.

9. A loan management system according to claim 1, wherein the loan management system is operable to generate messages to at least one of said plurality of investors, said at least one borrower and at least one contact related to said plurality of loan resources.

10. A loan management system according to claim 9, wherein said generated messages must be approved and released for transmission by a user having approval and release authorization.

11. A loan management system according to claim 10, wherein said generated messages contain all information needed to initiate a loan for use as one of said plurality of loan resources.