COMPUTER SYSTEM ARCHITECTURE AND COMPUTER IMPLEMENTED METHODS FOR ENHANCED CUSTODY AND PRINCIPAL LENDING OF SECURITIES

COMPUTER SYSTEM ARCHITECTURE AND COMPUTER IMPLEMENTED METHODS FOR ENHANCED CUSTODY AND PRINCIPAL LENDING OF SECURITIES

A computer system executes a principal lending to lend the securities from lending accounts of an entity to borrowing accounts of the entity, in which the entity acts as a principal. The system includes a computer database storing securities availability information indicating availability of the se...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: HORNER, GLENN, FLEMING, PAUL, J, OLSON, SCOTT, W, MCLOONE, BRIAN, J
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A computer system executes a principal lending to lend the securities from lending accounts of an entity to borrowing accounts of the entity, in which the entity acts as a principal. The system includes a computer database storing securities availability information indicating availability of the securities available for borrowing from lending accounts of the entity, and a computer server system implemented by a principal lending computer system. The principal lending computer system configured to receive a short sale indication of a security for a borrowing account, electronically transmit a first transfer instruction to a custody-control computer system to transfer custody of the shorted security from at least one lending account to the principal, and electronically transmit a second transfer instruction to the custody-control computer system to transfer custody of the shorted security from the principal to the borrowing account. A computer implemented method and various alternative embodiments are also disclosed.