Dynamic management and netting of transactions using executable rules
US8909552B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 21, 2014 |
| Grant date | Dec 9, 2014 |
| Priority date | — |
| Expiry date | Jan 21, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for dynamically managing and netting transactions based on one or more sets of netting rules are disclosed. The present invention dynamically associates transactions with one or more collections based on the execution of netting rules to identify transactions that may be ideal for netting and to perform netting operations and calculations accordingly. The present invention may execute the netting rules according to the priority of the netting rule within a rule hierarchy and utilizes unique solutions allowing for the efficient processing of transactions even as netting rules are created, modified and removed from time-to-time. In addition, embodiments of the disclosed netting system utilize denormalized sets of data and maintain a complete audit trail for all operations.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.