Patent SG-11201407699U-A (SG)
Title: Dynamic management and netting of transactions using executable rules
Inventor: SETHI VINCE
IPC: G06Q20/08
Filed: 2012-05-18
Abstract: (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 21 November 2013 (21.11.2013) WIPOIPCT (10) International Publication Number WO 2013/172852 A1 (51) International Patent Classification: G06Q 20/08 (2012.01) G06Q 40/04 (2012.01) (21) International Application Number: (22) International Filing Date: (25) Filing Language: (26) Publication Language: PCT/US2012/038603 18 May 2012 (18.05.2012) English English (30) Priority Data: 13/475,364 18 May 2012 (18.05.2012) (71) Applicant (for all designated States except US): JPMOR- GAN CHASE BANK, N.A. [US/US]; 270 Park Avenue New York, NY 10036 (US). (81) Designated States (unless otherwise indicated, for every kind of national protection available)'. AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IS, JP, KE, KG, KM, KN, KP, KR, KZ, LA, LC, LK, LR, LS, LT, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (72) Inventors; and (75) Inventors/Applicants (for US only): SETHI, Vince [GB/GB]; 12 Grosvenor Road, Chandler Ford, Southamp­ ton S053 5BW (GB). KEY, Andrew [GB/GB]; 39 Mor­ gan Le Fay Drive, Chandlers Ford, Hampshire S053 4JQ (GB). (74) Agents: PHONG, Dinh et al.; Goodwin Procter, LLP, 901 New York Avenue, NW, Washington, DC 20001 (US). Ug (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, SZ, TZ, UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3)) (54) Title: DYNAMIC MANAGEMENT AND NETTING OF TRANSACTIONS USING EXECUTABLE RULES CJ oo CJ i> i-H cn i-H o CJ O £ FIG. 1A Rtsfe Engine 108\" ng uai 112 100 (57) Abstract: Systems and methods for dy­ namically managing and netting transactions based on one or more sets of netting rales are disclosed. The present invention dynamically associates transactions with one or more col­ lections based on the execution of netting rules to identify transactions that may be ideal for netting and to perform netting oper­ ations and calculations accordingly. The present invention may execute the netting rules according to the priority of the netting rule within a rule hierarchy and utilizes unique solutions allowing for the efficient processing of transactions even as netting rules are created, modified and removed from time- to-time. In addition, embodiments of the disclosed netting system utilize denormal- ized sets of data and maintain a complete audit trail for all operations.