Patent ID: 8630926
Filing Date: 2014-01-14
Classification: G06Q

Abstract:
1. A method, comprising: accessing, by one or more computers, Transfer Fee data held in one or more databases on a required Transfer Fee to be paid to a third party that is not a borrower or an owner/lender or a repurchase seller or repurchase buyer of a security for a right to loan in a loan transaction or to sell in a repurchase agreement transaction one or more units of the security, wherein the security comprises one or more selected from the group of an exchange traded product unit, a bond, a common stock, and a closed end collective investment vehicle unit; accessing, by the one or more computers, data on a loan in a loan transaction, or a sale in a repurchase agreement transaction, of one or more units of the security, the data comprising the number of the units of the security and/or value data for the security loaned in a loan transaction or sold in a repurchase agreement transaction, and an identification of one or more of an owner/lender or a borrower or a repurchase agreement seller or a repurchase agreement buyer of the security; correlating, by the one or more computers, the data for the loan or the sale of the security with the Transfer Fee data for the right to loan or sell the security; calculating or having calculated and/or determining or having determined, by the one or more computers, an amount of a Transfer Fee for the right to loan or sell the number of units or value of the security based at least in part on the Transfer Fee data for the respective security; debiting or having debited and/or generating data for debiting at least one account and/or generating or having generated and/or sending or having sent at least one bill, by the one or more computers, for the amount of the Transfer Fee to be paid to the third party that is not the borrower or the owner/lender or the repurchase agreement seller or the repurchase agreement buyer of the security for a right to loan in a loan transaction, or sell in a repurchase agreement transaction, the number of units or value of the security, based at least in part on the calculating and/or determining step; sending or having sent or generating or having generated or making accessible electronically to an issuer of the security, data on an amount of revenue from one or more of the Transfer Fees to be paid for the security issued by a collective investment vehicle or other entity where the Transfer Fee may be accrued or is to be accrued; wherein the Transfer Fee is based at least in part on a fee algorithm comprising an amount per time period, wherein the sending or having sent or generating or having generated data step further comprises accruing the amount of the Transfer Fee for the right to loan in a loan transaction or sell in a repurchase agreement transaction the number of units or value of the security of the collective investment vehicle as the time periods elapse, updating or having updated, by the one or more computers, the one or more databases periodically or on an ad hoc basis to obtain a current accrued amount of the Transfer Fee for the loan in a loan transaction or sale in a repurchase agreement transaction of the number of units or value of the security for use in calculating a net asset value (NAV) for the collective investment vehicle, and wherein the one or more databases contain information pertaining to terms related to calculation of the Transfer Fee as described in a trust agreement and/or prospectus for the security.