Automated Cash Leveraging Facility to Provide Available Cash from Sweep Investments for Margin Financing
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United States of America Patent
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N/A
Issued Date -
Sep 18, 2014
app pub date -
Mar 14, 2013
filing date -
Mar 14, 2013
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A computer-implemented trade and order management system that enables cash movement for providing margin financing to customers in brokerage accounts utilizing sweep vehicles on a cost-effective and efficient basis to provide expanded access to capital for brokerages. The computer-implemented method issues sells and buys of the cash sweep vehicles on a daily basis to generate cash and free credits in customer accounts or to reduce free credits and add to the sweep vehicle position in the accounts. The goal is to match the amount in the aggregate across all accounts of free credits with the aggregate of customer debits so as to result in a net zero free credit to customer debit position for the brokerage. This method involves a daily calculation across all pertinent accounts.
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