Patent · US Active

Securities settlement system

US7848997B2 · kind B2 · utility

6Cited by

8References

23Claims

0Family size

Assignee

OMX Technology AB · SE

Inventors

Bengt Lejdstrom · Sollentuna, SE
Oskar Sander · Stockholm, SE
Johan Soderqvist · Nacka, SE

Key dates

Filing date	Mar 15, 2007
Grant date	Dec 7, 2010
Priority date	—
Expiry date	Nov 13, 2027

Classification

Technology area (CPC G)Physics
CPC primaryG06Q40/00
WIPO fieldIT methods for management
WIPO sectorElectrical engineering

Abstract

A securities settlement system for settling trades in central depository systems is disclosed. The securities settlement system includes a credit line structure forming a tree structure with a number of levels with credit nodes. The securities settlement system also includes a control system for minimizing the transfer of cash between accounts by propagating cash obligations for each node in the tree structure to a highest common node.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.