Patent ID: 11908014
Assignee: JPMORGAN CHASE BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 7:
8. A method for distributed-ledger based intraday trading, comprising
in an information processing apparatus comprising at least one computer processor:
receiving, at a first distributed ledger, agreement from a cash borrower and a cash provider to terms of an intraday trade comprising an expiration of the intraday trade, a collateral trade amount of a collateral, and a cash trade amount of cash;
receiving, at the first distributed ledger and from a cash borrower digital wallet on a second ledger, a digital representation of the collateral trade amount for a cash borrower, wherein the collateral that is digitally represented on the first distributed ledger is ringfenced or locked by a collateral custodian;
receiving, at the first distributed ledger and from a cash provider digital wallet on the second ledger, a digital representation of the cash trade amount for a cash provider;
a smart contract executed on the first distributed ledger orchestrating the intraday trade by:
automatically providing the collateral trade amount to the cash provider digital wallet and the cash trade amount to the cash borrower digital wallet;
writing a first change in ownership for the cash trade amount and the collateral trade amount to the first distributed ledger;
automatically returning the collateral trade amount to the cash borrower digital wallet and the cash trade amount to the cash provider digital wallet at the expiration of the intraday trade; and
writing a second change in ownership for the cash trade amount and the collateral trade amount to the first distributed ledger.