WO2008063922A3 - System and method facilitating whole loan tri-party repurchase agreement transactions - Google Patents

System and method facilitating whole loan tri-party repurchase agreement transactions Download PDF

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Publication number
WO2008063922A3
WO2008063922A3 PCT/US2007/084262 US2007084262W WO2008063922A3 WO 2008063922 A3 WO2008063922 A3 WO 2008063922A3 US 2007084262 W US2007084262 W US 2007084262W WO 2008063922 A3 WO2008063922 A3 WO 2008063922A3
Authority
WO
WIPO (PCT)
Prior art keywords
tri
whole loan
collateral
party
whole
Prior art date
Application number
PCT/US2007/084262
Other languages
French (fr)
Other versions
WO2008063922A2 (en
Inventor
John Morik
Original Assignee
Bank Of New York
John Morik
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Bank Of New York, John Morik filed Critical Bank Of New York
Publication of WO2008063922A2 publication Critical patent/WO2008063922A2/en
Publication of WO2008063922A3 publication Critical patent/WO2008063922A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • Accounting & Taxation (AREA)
  • Development Economics (AREA)
  • Technology Law (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Economics (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Human Resources & Organizations (AREA)
  • Operations Research (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A system and method facilitates tri-party repurchase agreement transactions for whole loans. The system and method obtain details regarding a whole loan to be used for collateral in a tri-party agreement transaction with an investor, from both the dealer or trader offering the whole loan as collateral and one or more third parties with access to those details. Based on the received details, the system formulates a valuation of the whole loan collateral and posts a whole loan collateral entry to facilitate tri-party repurchase of the whole loan collateral.
PCT/US2007/084262 2006-11-20 2007-11-09 System and method facilitating whole loan tri-party repurchase agreement transactions WO2008063922A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US11/561,747 US8442905B2 (en) 2006-11-20 2006-11-20 System and method facilitating whole loan tri-party repurchase agreement transactions
US11/561,747 2006-11-20

Publications (2)

Publication Number Publication Date
WO2008063922A2 WO2008063922A2 (en) 2008-05-29
WO2008063922A3 true WO2008063922A3 (en) 2009-05-07

Family

ID=39418070

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2007/084262 WO2008063922A2 (en) 2006-11-20 2007-11-09 System and method facilitating whole loan tri-party repurchase agreement transactions

Country Status (2)

Country Link
US (1) US8442905B2 (en)
WO (1) WO2008063922A2 (en)

Families Citing this family (12)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7783565B1 (en) 2006-11-08 2010-08-24 Fannie Mae Method and system for assessing repurchase risk
US8442905B2 (en) 2006-11-20 2013-05-14 The Bank Of New York System and method facilitating whole loan tri-party repurchase agreement transactions
US7974897B2 (en) * 2007-08-30 2011-07-05 The Bank Of New York Mellon Corporation System and method facilitating tri-party repurchase agreement transactions
US8768820B2 (en) * 2008-12-29 2014-07-01 Chicago Mercantile Exchange Inc. Collateralized lending using a central counterparty
WO2011097200A1 (en) * 2010-02-02 2011-08-11 Jpmorgan Chase Bank, N.A. Auto substitution collateral management system and method
US20120059753A1 (en) * 2010-09-08 2012-03-08 Michael Weinstock System and method for electronic financial exchange
US8374953B2 (en) 2010-10-25 2013-02-12 Chicago Mercantile Exchange, Inc. System and method for implementing and managing bundled option box futures
US8639609B2 (en) * 2010-12-09 2014-01-28 Chicago Mercantile Exchange Inc. Cross margining of tri-party repo transactions
US20140156502A1 (en) * 2012-12-04 2014-06-05 Cfph, Llc Conducting a loan
US20160314534A1 (en) * 2015-04-22 2016-10-27 The Bank Of New York Mellon Real-time rehype
US11442780B2 (en) 2015-04-22 2022-09-13 The Bank Of New York Mellon Systems and methods for real-time processing
US20160350854A1 (en) * 2015-06-01 2016-12-01 Chicago Mercantile Exchange Inc. Data Structure Management in Hybrid Clearing and Default Processing

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20050278249A1 (en) * 2004-06-15 2005-12-15 Northwest Auto Finance Corp. Business management system, method and tool
US20060224480A1 (en) * 2005-03-29 2006-10-05 Reserve Solutions, Inc. Systems and methods for loan management with variable security arrangements

Family Cites Families (11)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5802499A (en) * 1995-07-13 1998-09-01 Cedel Bank Method and system for providing credit support to parties associated with derivative and other financial transactions
US6016482A (en) * 1996-01-11 2000-01-18 Merrill Lynch & Co., Inc. Enhanced collateralized funding processor
US6125355A (en) * 1997-12-02 2000-09-26 Financial Engines, Inc. Pricing module for financial advisory system
US6304858B1 (en) * 1998-02-13 2001-10-16 Adams, Viner And Mosler, Ltd. Method, system, and computer program product for trading interest rate swaps
US7996296B2 (en) * 1999-07-21 2011-08-09 Longitude Llc Digital options having demand-based, adjustable returns, and trading exchange therefor
US7593886B2 (en) * 2002-07-30 2009-09-22 Icap Services North America Llc Method and system for providing rule-based collateral allocation and substitution
US8781941B2 (en) * 2002-08-08 2014-07-15 Goldman, Sachs & Co. Method and apparatus for conducting loan repurchase transactions
US7813977B2 (en) * 2003-09-11 2010-10-12 Bgc Partners, Inc. Graphical user interface related to non-standard trading of financial instruments
US20060253361A1 (en) * 2005-05-04 2006-11-09 Robinson Mark I Method for providing total return swaps using a dealer hedging facility
US8548893B2 (en) 2006-02-13 2013-10-01 The Bank Of New York Systems and methods for automated repurchase agreement matching
US8442905B2 (en) 2006-11-20 2013-05-14 The Bank Of New York System and method facilitating whole loan tri-party repurchase agreement transactions

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20050278249A1 (en) * 2004-06-15 2005-12-15 Northwest Auto Finance Corp. Business management system, method and tool
US20060224480A1 (en) * 2005-03-29 2006-10-05 Reserve Solutions, Inc. Systems and methods for loan management with variable security arrangements

Also Published As

Publication number Publication date
US8442905B2 (en) 2013-05-14
WO2008063922A2 (en) 2008-05-29
US20080120213A1 (en) 2008-05-22

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