System for processing withholding payments
US11042933B1 · kind B1 · utility
2Cited by
23References
19Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Oct 17, 2017 |
| Grant date | Jun 22, 2021 |
| Priority date | — |
| Expiry date | Mar 17, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.