Controlling resource group transfers for repo basket transaction systems
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United States of America Patent
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Issued Date -
Aug 4, 2005
app pub date -
Apr 21, 2004
filing date -
Nov 5, 2003
priority date (Note) -
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Abstract
A repo basket transaction system is provided that has a trading system receiving repo quotes from market participants. The repo quotes specify a repo basket transaction by constituting a security basket definition indicating a security amount and at least one class of securities. The system further has a settlement system receiving settlement instructions relating to repo basket transactions. The settlement system has a securities pooling and allocation unit adapted to investigate the security basket definition relating to a repo basket transaction and allocate at least one individual security that meets at least one class of securities indicated by the investigated security basket definition. More generally, a technique is provided for controlling transfers of a group of resources which are defined in association with a condition under which, after the transfer has been completed, a reverse transfer of the same or a similar group of resources has to occur.
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