Patent ID: 7848997
Filing Date: 2010-12-07
Classification: G06Q

Abstract:
1. A securities settlement system for settling a trade between trading entities, comprising: an interface configured to communicate cash balances with one or more payment systems; a memory that stores cash and credit line information in a cash and credit line tree structure including multiple levels with (1) credit cash records or (2) liquidity cash records and credit cash records; and a computer, coupled to the interface and the memory, configured to settle cash obligations to pay or receive cash which are associated with the trade by reducing or minimizing a transfer of cash between cash records in the cash and credit line tree structure for participants associated with the trade to produce a resulting cash balance, wherein the computer is configured to reduce or minimize the transfer of cash by propagating cash obligations associated with the trade in the cash and credit line tree structure to a highest common cash record in the cash and credit line tree structure where the cash obligations associated with the trade cancel, and wherein the computer is further configured to send via the interface to the one or more payment systems the resulting cash balance.