Patent ID: 7917433
Filing Date: 2011-03-29
Classification: G06Q

Abstract:
1. An automated method of processing a large deposit that exceeds an established deposit insurance limit so that the large deposit is fully insured, the large deposit being received from a depositor by a first one of a plurality of unaffiliated banks, the method comprising: (a) receiving at a processor an order placed by the first unaffiliated bank to process the large deposit, the first unaffiliated bank offering a first set of deposit terms to a first depositor; (b) assigning by the processor a portion of the large deposit not exceeding the established deposit insurance limit to a second one of the plurality of unaffiliated banks, the second unaffiliated bank offering a second set of deposit terms to a second depositor; and (c) calculating by the processor the amount of a present value payment to be transferred between the first unaffiliated bank and the second unaffiliated bank to compensate for differences between the first and second sets of deposit terms.