Patent ID: 7457773
Filing Date: 2008-11-25
Classification: G06Q

Abstract:
1. A method on a computing apparatus for generating an interest day calendar, comprising: initializing an interest day calendar comprising a plurality of calendar days; receiving, via a user interface from a user, definitions of a plurality of interest day types, the interest day types defining a category for an interest rate to be applied on a calendar day; receiving, via the user interface from the user, definitions of a plurality of generation rules, wherein each generation rule assigns calendar days to one of the plurality of interest day types, and each generation rule has a priority, defining a hierarchy for the generation rules; assigning, using the computing apparatus, an interest day type to each calendar day referenced by at least one of the plurality of generation rules, the interest day type corresponding to a highest priority generation rule referencing the calendar day, the assigning over-writing the initialized interest day type; displaying the updated interest day calendar to the user; and performing an interest calculation for a specified calendar day for an account based on an interest day type assigned to the specified calendar day, wherein a set of conditions for each interest day type is used to calculate the interest for the calendar day, and wherein the set of conditions relate to current market interest rates.