Systems and methods for financing multiple asset classes of collateral

US7860767B1 · kind B1 · utility

Assignee

• MORGAN STANLEY · US

Inventors

• James N. Vinci · Franklin Lakes, US
• Pierro Turgeon · New York, US
• Sylvia Lam · Brooklyn, US
• Venkatesh Ramamurthi · New York, US

Key dates

• Filing date: Sep 30, 2005
• Grant date: Dec 28, 2010
• Expiry date: Apr 30, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of determining an interest rate to be applied against a debit amount in a collateralized lending transaction. The method includes identifying a plurality of assets to be used as collateral, grouping the assets by class, and assigning an interest rate to each class of assets. The method also includes allocating the debit amount to each of the asset classes based on market values of the assets, calculating a blended interest rate based on the allocated debit amounts, and applying the blended interest rate to the debit amount to determine the accrual amount due on the debit amount.