Pre-trade compliance checking in a portfolio management system

Pre-trade compliance checking in a portfolio management system

A mechanism for pre-trade compliance checking in a mutual funds portfolio management system is disclosed. The preferred embodiment of the invention records the interpretations and assumptions of each rule and limit. The preferred embodiment of the invention is specifically adapted for compliance wit...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: SANDS STUART, WARD STEPHEN B
Format: Patent
Sprache:eng
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 mechanism for pre-trade compliance checking in a mutual funds portfolio management system is disclosed. The preferred embodiment of the invention records the interpretations and assumptions of each rule and limit. The preferred embodiment of the invention is specifically adapted for compliance with Rule 2a-7. The implementation of Rule 2a-7 is composed of two parts: (1) Determination of Entity Exposure; and (2) Determination of Limits. For each security traded in a money market fund in the portfolio management system, it is necessary to determine the exposure of each entity associated with the security. This exposure is composed of two parts: (1) the role the entity plays in the context of this security; and (2) the amount of exposure (in percentage). With the exposure determined, it is possible to determine where any fund is in relation to Rule 2a-7 limits.