Billing workflow system for crediting charges to entities creating derivatives exposure

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United States of America Patent

PATENT NO 8160942
APP PUB NO 20100287082A1
SERIAL NO

12839891

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Abstract

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An automated billing workflow system receives credit valuation adjustment (CVA) amounts associated with derivatives trades. The automated billing workflow system interacts with an Accounting System in order to make appropriate Profit and Loss (P&L) entries for the CVA amounts. The CVA amounts are billed to the business units which actually created the risk. The invention employs a plurality of Workflow Queues. As an item makes it way through the billing workflow, it may be slotted in one or more of these queues where further action will take place.

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Patent Owner(s)

Patent OwnerAddress
JP MORGAN CHASE BANKUSA NEW YORK NEW YORK

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Miller, Harold Mill Hill, GB 8 321
Pham, Tuan Bishop Stortford, GB 85 2485
Toghill, Julian Mark Winchester, GB 2 0

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