Patent ID: 8224724

Claim:
A computer-implemented method for managing receivables and collateral agreements in a computer system, the method comprising, creating, by the computer system, a collateral agreement including a plurality of data records representing a plurality of portions of the collateral agreement, each portion having (1) a priority, (2) a global declaration of purpose identifying criteria, and (3) a value associated with the each portion, the criteria specifying requirements to secure a receivable to the corresponding portion of the collateral agreement; ordering, by the computer system, the plurality of portions into an ordered sequence in accordance to their priorities; creating, by the computer system, a new receivable data record in the computer system representing a receivable; comparing, by the computer system, data of the new receivable data record to the criteria identified in the global declaration of purpose of the each portion of the collateral agreement according to the ordered sequence; when the receivable meets the criteria of the corresponding portion of the collateral agreement, recording, by the computer system, a direct link in the computer system that directly identifies the new receivable data record with a corresponding data record representing the each portion of the collateral agreement record and secures the receivable represented by the new receivable data record to the collateral agreement to allow a one-step determination from the receivable to the corresponding data record representing the each portion of the collateral agreement; when the receivable does not meet the criteria of any of the each portion of the collateral agreement, recording, by the computer system, the new receivable record in the computer system as an unsecured receivable, without a link to any data records representing the plurality of portions of the collateral agreement.