Patent ID: 8738514
Filing Date: 2014-05-27
Classification: G06Q

Abstract:
1. A computer implemented method, the method comprising the steps of: receiving, at a programmed computer, a loan request and corresponding collateral from a borrower; receiving, at the programmed computer, an allocation of securities from a plurality of lenders and storing the allocation of securities in a pool of securities; identifying, at the programmed computer, a number of shares of a security allocated from each of the plurality of lenders available to service the loan request; determining, at the programmed computer, a total number of shares needed from the allocation of securities in the pool of securities to satisfy the loan request; selecting, at the programmed computer, two or more lenders from the plurality of lenders to service the loan request, wherein the number of shares received from each of the two more lenders collectively equal the total number of shares needed to satisfy the loan request; distributing, using the programmed computer, the collateral received from the borrower proportionally to the two or more lenders selected based on the number of shares allocated from each lender, wherein a separate escrow account is associated with each lender for receiving the proportional distribution of collateral owed to each lender; and providing, using the programmed computer, the borrower with the securities from the two or more lenders selected to service the loan request.