Database structure for financial products with unique, consistent identifier for parties that assume roles with respect to the products and methods of using the database structure
US7801808B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 24, 2005 |
| Grant date | Sep 21, 2010 |
| Priority date | — |
| Expiry date | Oct 9, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is directed, in various embodiments, to a computer system comprising a party database and a products-role database. The party database contains party data records that contain information about various parties, respectively. The products-role database contains a number of product-role records. Each of the product-role records is associated with a different financial product. Further, each of the product-role records contains a unique party identifier for each party that performs a role for the corresponding financial product (such as issuer, guarantor, custodian, etc.) and a corresponding link to a party data record in the party database for each party, The party identifier is used consistently throughout the records of the products-role database to identify the corresponding party for all products where the party performs a role. The party data records may include hierarchical party relationship information for the party, such as identifying the legal parent, the credit parent, the ultimate legal parent and/or the ultimate credit parent of the party. In that way, the database arrangement can be used by a firm to measure its exposure to a particular party.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.