System, method, and program product for unit transfer fee processing

US8630926B1 · kind B1 · utility

Assignee

• D12 Ventures, LLC · US

Inventors

• Paul Edward Kuhnle · Doylestown, US
• George Tedesche Simon · Robinson Township, US
• John Stuart Thomas · Morristown, US
• Mark Steven Criscitello · Colts Neck Township, US
• Daniel Joseph McCabe · Upper Saddle River, US

Key dates

• Filing date: Mar 28, 2012
• Grant date: Jan 14, 2014
• Expiry date: Mar 28, 2032

Classification

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

Abstract

A method, system and program product, the method comprising: accessing Transfer Fee data to be paid to a third party that is not the borrower or the lender or the buyer or seller in a repurchase agreement transaction of a security for a right to loan or repo one or more units of the security; accessing data on a loan or repo of units of the security, calculating an amount of a Transfer Fee for the right to loan or repo the security; generating data for debiting an account or sending a bill for the Transfer Fee; and updating the database with data on the Transfer Fee.