Patent ID: 8392304
Filing Date: 2013-03-05
Classification: G06Q

Abstract:
1. A computer-implemented method for managing, over a period of time, funds held in custodial accounts at a depository institution by a custodial agent on behalf of a plurality of customers, wherein said custodial accounts comprise an omnibus transaction account (“Omnibus TA”) and an omnibus money market deposit account (“Omnibus MMDA”), comprising: (a) determining a balance of funds in said custodial accounts, wherein said Omnibus TA represents a plurality of individual transaction accounts (“Individual TAs”) of one or more of said plurality of customers and said Omnibus MMDA represents a plurality of individual money market deposit accounts (“Individual MMDAs”) of one or more of said plurality of customers, and wherein said Omnibus TA has a balance of funds in an amount equal to the total aggregate amount of funds in said Individual TAs and said Omnibus MMDA has a balance of funds in an amount equal to the total aggregate amount of funds in said Individual MMDAs; (b) determining a resulting balance of funds in one or more Individual TAs and one or more Individual MMDAs based on transaction data for one or more of said plurality of customers; (c) deriving with one or more processors of said computer a derived net balance change for said Omnibus MMDA from transaction data for one or more of said plurality of customers; (d) comparing with said one or more processors said derived net balance change to the balance of funds in said Omnibus TA; (e) determining which of said plurality of customers has an eligible Individual TA based on at least a number of prior transfers from each customer's Individual MMDA within said period of time and said resulting balance of funds in said customer's Individual TA; and (f) allocating funds with said one or more processors from one or more of said eligible Individual TAs to their respective Individual MMDAs in order to offset a negative derived net balance change not greater than the amount of funds in said Omnibus TA and minimize the number of transfers from the Omnibus MMDA.