Abstract: The invention relates to a novel incentive and compensation plan for motivating and rewarding employees, and a computer system for implementing said plan. It is an object of the present invention to provide a stock-based incentive and compensation plan that rewards employees based on the performance of the company. The present invention provides methods and systems for providing an employee incentive and compensation plan, which include deferring a portion of an employee's compensation for a period of time. The financial performance of the employee's company is evaluated over the selected period of time, and the employee's total deferred compensation is converted into a number of units based on the amount deferred, the average share price of the company stock, and the financial performance of the company. The employee's units are valued based on the average share price of the company stock, and the total compensation is paid to participating employees as an incentive and compensation plan.

Abstract: There are provided new structural default models for modeling the likely default of publicly traded companies. In a first embodiment, the invention is straight-forward to implement and allows the capture of some important ingredients of the actual default, including positive short-term CDSs. In a second embodiment them model is somewhat more versatile and complex. Provided is a very efficient method for dealing with the timing of a default boundary, that is, jumps in the company's value, etc. Further provided is a process using Fast Fourier Transform matrix processing for processing the structural default models in a computationally efficient manner.

Abstract: The XML conversion system provides methods and architecture for defining an interface between a spreadsheet application and a COM server independent of the areas that the interface is defined. In support of defining the interface, an add-in function defines the interface using extensible markup language (“XML”). An add-in XML file is scanned for instructions. An instruction is analyzed to determine the interface it will expose. An interface XML file having a function specification can be retrieved from a COM server based on the interface exposed in the instruction. Function qualifiers are taken from the instruction and applied to the function specification. The function specification is converted to an intermediate function and implementation specifiers are applied to the intermediate function. The intermediate function is then converted to an add-in function and applied in the spreadsheet application.

Abstract: Optimizing fixed rate whole loan trading. Specifically, the invention provides computer-based systems and methods for optimally packaging a population of whole loans into bonds in either a senior/subordinate bond structure or into pools of pass through securities guaranteed by a government agency. Models for each type of bond structure are processed on the population of loans until either an optimal bond package is found or a user determines that a solution of sufficient high quality is found. Additionally, the models can account for bids for whole loans by allocating whole loans that meet requirements of the bid but are least favorable to be securitized.

Abstract: Distributing units of carbon emission reduction (“CER”) comprises obtaining a right to purchase CERs in the future that are developed by emission reduction projects, dividing the future CERs into a plurality of tranches, committing the future CERs in the tranches to prospective buyers, and distributing CERs received from the projects to the prospective buyers based on a priority of delivery between the tranches. A contingent call option can provide replacement CERs to meet CER obligations to a senior tranche if received CERs are not sufficient to meet the obligations of future CERs allocated to buyers in the senior tranche. CERs are not distributed to buyers of junior tranches if the received CERs are not sufficient to meet the CER obligations to more senior tranches.

Abstract: A system for processing a trading order message comprises a hardware device logically linked to a general purpose processor. The hardware device comprises multiple exchange line handlers each of which is associated with a market exchange, multiple parsing modules each of which is associated with one of the exchange line handlers, and a message router that receives the message from the general purpose processor, determines a particular market exchange to which the message is directed, and communicates the message to a particular one of the parsing modules that is associated with a particular one of the exchange line handlers that is associated with the particular market exchange. The particular one of the parsing modules transforms the message into a protocol specified by the particular market exchange and communicates the transformed message to the particular one of the exchange line handlers for communication to the particular market exchange.

Abstract: A Prime Broker's method for financing a Hedge Fund includes extending a Committed Loan Facility from which the Hedge Fund can borrow funds. The maximum amount of funds made available under the Committed Loan Facility to the Hedge Fund may be proportional to current loan balances maintained by the Hedge Fund. The Committed Loan Facility has a knock out mechanism that allows the Prime Broker facing a liquidity squeeze to suspend the Committed Loan Facility. The Prime Broker can activate the knock out mechanism upon occurrence of one of an enumerated list of events that affect its liquidity.

Abstract: Various embodiments of the invention may provide a method for operating a REST web service operable to search one or more data sources. In some embodiments, the invention may comprise receiving a query directed to a first data source, wherein the first data source defines at least one characteristic of at least one first data object returned by the query. Some embodiments of the invention may comprise querying the first data source. Various embodiments of the invention may comprise receiving at least one first data object from the first data source in response to querying the first data source. In some embodiments, the invention may comprise retrieving linked relationships between the at least one first data object and one or more second data objects from a second data source. Some embodiments of the invention may comprise querying the second data source for information on the one or more second data objects.

Abstract: A system and method for generating and managing a generic mortgage-backed securities index. Bonds are selected for the index on a monthly basis. In order to determine which bonds will be represented in the index during a particular month, a set of calculations is performed during the second business week of the preceding month. For the purpose of selecting bonds for the index, all outstanding mortgage-backed securities are considered. They are first aggregated into pools based on their coupon and original term, and then their total outstanding principals are considered. If the total principal outstanding of any 30-year coupon represents more than a predetermined percentage such as 1.5% of the total, then this 30-year coupon will be included in the Index. Similarly, if the total principal outstanding on any 15-year coupon represents more than a second predetermined percentage such as 0.4% of the total, then this 15-year coupon will be included in the Index.

Abstract: An enterprise database system generates organizational and consolidation organizational charts for an entity. Organizational charts are generated by accepting one or more ownership thresholds, including: voting percentage, equity ownership, and the number of board members under entity control. The system also accepts inclusion thresholds used to determine which entities will be selected from a database. The database is evaluated based on the ownership thresholds and inclusion thresholds to identify one or more organizational entities that satisfy the given thresholds. An entity is selected and the voting interests for the parent entities of that entity are evaluated. One parent entity is identified as the primary parent entity. The system presents the primary parent entity in the organizational chart. Any additional parent entities are listed alphabetically separate from the primary parent entity.

Abstract: The enterprise database system provides methods, data, and user interfaces for generating approvals and documentation related to forming or acquiring an entity or to initiating a transaction involving an entity. The system also provides the ability to store entity or transaction information in a historical database for retrieval. The system further provides analysis and report generating features, including generating current and historical reports related an entity or transaction, such as general corporate, regulatory and financial reporting documentation. The system also provides methods for modifying entity or transaction information in the historical database. The system further includes various interactive displays and notification tools to implement or facilitate the foregoing methods and systems.

Abstract: The dynamic access evaluation system receives a service request from a device seeking access to a network. The system receives information about the requester, the device from which the request is made and/or the location of the requester and the device. The system analyzes rule sets for the application being requested on the network to determine whether authentication is necessary. The system authenticates the requester based on a comparison of authorization information to information about the requester received in the request. The system authenticates the device by comparing device information in the request to historical device information. Furthermore, the system receives location information for the device and the requester and compares them to determine whether the locations are the same or similar. After granting access, the system continues to monitor information about the requester, device, or location and can terminate device access based on a change in the monitored information.

Abstract: The enterprise database system provides methods, data, and user interfaces for performing reassessments and creating financial and accounting disclosure reports. Data fields for entities are monitored for changes that are evident at the end of reporting periods and may trigger the need to reassess the categorization of the entity. The system receives a request to perform a reassessment based on changes to particular data fields during the reporting period. The system retrieves entities that require reassessment based on the trigger events applicable to the entities. A reassessment is performed for each of the entities having a trigger event and the reassessment is stored in a historical database. Based on the reassessment, the system generates prompts to re-categorize the reassessed entity. Following the reassessment and categorization, the system can generate a disclosure report that presents information about the newly categorized entity.

Abstract: A system and method for generating and managing a generic mortgage-backed securities index. Bonds are selected for the index on a monthly basis. In order to determine which bonds will be represented in the index during a particular month, a set of calculations is performed during the second business week of the preceding month. For the purpose of selecting bonds for the index, all outstanding mortgage-backed securities are considered. They are first aggregated into pools based on their coupon and original term, and then their total outstanding principals are considered. If the total principal outstanding of any 30-year coupon represents more than a predetermined percentage such as 1.5% of the total, then this 30-year coupon will be included in the Index. Similarly, if the total principal outstanding on any 15-year coupon represents more than a second predetermined percentage such as 0.4% of the total, then this 15-year coupon will be included in the Index.

Abstract: Using an enhanced service contract to support the design, deployment, testing, and operation of an enterprise-wide service-oriented architecture. The enhanced service contract includes both static and dynamic parameters and may be contained in an electronic format to facilitate automating of certain design, deployment, testing, and operation functions. The enhanced service contract supports validating system requirements for a service, including developing test code used to test services. The enhanced service contract also supports performance testing during operations and supports allocating system costs and optimizing system resources.

Abstract: A financial product is created by receiving funds from investors to purchase collateral, such as stock or bonds, in companies to populate an insurance portfolio and a risk portfolio. Notes backed by the collateral are issued to the investors and pay a coupon amount based on the performance of the collateral. The collateral is monitored over time to determine whether distressed equity events occur which coincide with the collateral value falling below a predetermined amount of its original share price. The number of distressed equity events between companies in the insurance portfolio and risk portfolio offset each other to give a total number of net hits. Subsequently, the total number of net hits is used to calculate an impact on the amount of the coupon pay-out to the investors.