Automatic collateral exchange for rehypothecated collateral

US12051108B2 · kind B2 · utility

Assignee

• THE BANK OF NEW YORK MELLON · US

Inventors

• Brian Blank · Manalapan, US
• Tejas Jhaveri · Pittsburgh, US
• Mahendran GUNASEELAN · Chennai, IN
• Mariappan GOPAL · Chennai, IN
• Kim Lee · Bellerose Terrace, US

Key dates

• Filing date: Jun 12, 2019
• Grant date: Jul 30, 2024
• Expiry date: Dec 19, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In certain embodiments, concurrency related to rehypothecated allocations may be facilitated via pre-release locking of associated positions. In some embodiments, a request to release a collateral allocation may be obtained, where the collateral allocation is associated with (i) a rehypothecated position and (ii) a cloned position on a leg downstream of the rehypothecated position, and the cloned position is derived from the rehypothecated position. Based on the release request, one or more legs related to the collateral allocation may be traversed to locate and lock one or more positions on such related legs (e.g., including the cloned position of the downstream leg). Prior to release of the rehypothecated position, the cloned position of the downstream leg may be locked based on the release request. The release of the rehypothecated position may be performed to fulfill the release request in response to the cloned position of the downstream leg being locked.