Abstract: A computer-implemented system and method for managing collateral allocations associated with Tri-Party repurchasing agreements and a collateral allocation system includes one or more processors and memory/database configured to store user-definable rulesets and collateral characteristics relating to the Tri-Party repurchasing agreements. A collateral allocation module recalls collateral from the Tri-Party repurchasing agreements to a common Dealer Box, and reallocates the collateral to the Tri-Party repurchasing agreements utilizing a self organizing map, so as to minimize margins to reduce over-collateralization and/or undercollateralization. Other considerations, such as basket identifiers and cost of carry considerations may be weighed in the reallocation as well.

Abstract: Systems and methods for measuring value-at-risk and profitability of hedging in relation to BMA debt obligations are provided using rigorous statistical solutions that address problems associated with municipalities involved in swap hedging face. Various embodiments permit users to quantify POL hedging basis risk through a VAR-style loss measurement and statistics measuring the profitability of a hedge, those statistics including gain durability and gain/loss ratio. Various aspects introduce significant innovation to risk management practices, particularly for tax-exempt issuers of debt. Certain embodiments of this disclosure facilitate better management of hedging risk, analysis of hedges using POL vs. BMA and provide guidance for analyzing the risk existing in an existing portfolio of POL swap hedges to better inform decision-making regarding use of hedging risk for profit or to lay off risk.

Abstract: A commodity trust is provided by a Trustee for a particular commodity. Commodity shares are backed by the Trustee's custody of the actual commodity. For example, commodity shares are created and issued when a trust participant deposits an amount of the commodity with the Trustee or a custodian acting on behalf of the Trustee. After confirmation of the receipt of the commodity, an amount of commodity shares is issued by the Trustee, which is equal in value to the value of the commodity.

Abstract: Methods for measuring value-at-risk and profitability of hedging in relation to BMA debt obligations are provided using rigorous, statistical solutions that address problems associated with municipalities involved in swap hedging face. Various embodiments permit users to quantify POL hedging basis risk through a VAR-style loss measurement and statistics measuring the profitability of a hedge, those statistics including gain durability and gain/loss ratio. Various aspects introduce significant innovation to risk management practices, particularly for tax-exempt issuers of debt. Certain embodiments of this disclosure facilitate better management of hedging risk, analysis of hedges using POL vs. BMA and provide guidance for analyzing the risk existing in an existing portfolio of POL swap hedges to better inform decision-making regarding use of hedging risk for profit or to lay off risk.

Abstract: An electronic trading platform for cash and cash futures (options) is provided in which the cash and cash futures (options) markets are combined together in a single platform. The cash and cash futures (options) markets can be traded on the same screen. The electronic trading platform also brings the cash futures (options) in line with the cash markets. In another aspect, the electronic trading platform for cash and cash futures (options) enables the automatic matching of bids and offers. In another aspect, an OTC cash future (option) can be provided.

Abstract: A computer system and method evaluates reports financial data pertaining to real estate investments via an investor access portal. The investor access portal may be accessed over the Internet. Real estate investors, having a financial investment in each of a plurality of properties, may review accounts payable and accounts receivable data from each of the plurality of properties, managed by a plurality of property managers. Accounts receivable and accounts payable funds may be managed via the investor access portal, so that funds are centrally received and transmitted, and that data about said transmissions and receptions may be maintained and accessed by real estate investors via the investor access portal. The real estate investors may compare the data against other properties, including those managed by the same property manager, those managed by other property managers, or both, so as to reduce operating and utility costs for the properties.

Abstract: A data processing system manages collateral risk associated with a trade of a financial instrument includes a processor and a memory that contains a database configured to store a ruleset relating to determining eligibility of collateral to be considered for a desired trade. A search module searches for accounts that could potentially accept a security position based upon established search criteria. Search results are stored in the memory, and are used to identify one or more security positions eligible for use as collateral for the trade. A collateral analysis module determines a collateral preference ranking by at least applying the ruleset via an algorithm executed by the processor so as to confirm an eligibility of security positions eligible for use as collateral for the trade by testing in accordance with the ruleset. The processor outputs a relative collateral preference indication via a user interface.

Abstract: A computer-implemented method for managing collateral risk associated with financial instrument trading and a data processing system includes a processor and memory/database configured to store user-definable rulesets relating to a desired trade. A search module identifies and stores accounts that could accept potentially eligible security positions based upon user-selectable search criteria, and identifies potentially eligible security positions for consideration as collateral for the trade. A user configurable collateral analysis module determines eligibility of security positions as collateral for the trade by applying one or more user-definable rulesets in an algorithm that operates in a processor to determine collateral position eligibility of security positions for the trade by testing eligibility along one or more logical paths defined by user-definable rulesets.

Abstract: Systems and methods are provided for encouraging for deposit account stability. The systems and methods may include defining rules relating to a defined account balance incentive band for a given deposit account, monitoring and store balance information in the at least one storage device, determining whether the stored balance information indicates that a balance of the at least one deposit account falls within the account balance incentive band, and determining whether to assess a penalty to a depositor associated with the deposit account based on the determination of whether the balance of the deposit account fell within the account balance incentive band.

Abstract: A system and method for providing a tradable (e.g., exchange-listed) instrument by securitizing a commodity using a commodity trust or other special-purpose vehicle that is established to hold one or more physical commodities and to issue commodity trust shares and/or receipts corresponding to the value of the physical commodity held by the Trust. The commodity trust shares may represent a proportional interest in the Trust and/or the physical commodity held by the trust, e.g., precious metals such as gold, or base metals such as copper. The Trust may include one or more Trust accounts to receive and store the physical commodity deposited with the Trust. The shares or receipts of the trust can be listed, quoted, and traded on a trading system, e.g., an Electronics Communication Network (ECN), and may be traded as Exchange Traded Fund (ETF) shares on a securities exchange.

Abstract: A computer-implemented method for managing collateral risk associated with financial instrument trading and a data processing system includes a processor and memory/database configured to store user-definable rulesets relating to a desired trade. A search module identifies and stores accounts that could accept potentially eligible security positions based upon user-selectable search criteria, and identifies potentially eligible security positions for consideration as collateral for the trade. A user configurable collateral analysis module determines eligibility of security positions as collateral for the trade by applying one or more user-definable rulesets in an algorithm that operates in a processor to determine collateral position eligibility of security positions for the trade by testing eligibility along one or more logical paths defined by user-definable rulesets.

Abstract: Tools are provided for identifying outliers or variations in trade data derived from financial asset transactions, such as securities lending transactions, foreign exchange transactions, over the counter and exchange traded derivative transactions, and equity and fixed income transactions. Such outliers may provide an indication that a given trade is suspicious or potentially inappropriate from a customer relationship point of view, a regulatory perspective, or a legal standpoint. Trades identified as outliers can be utilized in regression analyses to analyze specific trades, trader-broker relationships, or other trading activity.

Abstract: In one embodiment, a securities financing system integrates processing of both securities lending and repurchase (repo) agreement transactions conducted over a network. A securities financing platform has multiple modules and a management interface module through which input and output functions are provided to a system manager. Network communications are configured to manage respective data interfaces over the network with a first party borrower to the collateralized financial transaction, a second party lender to the collateralized financial transaction, and a central counterparty configured to provide trade netting and novation services to each of the first and second parties. A central counterparty interface is configured such that the central counterparty becomes a counterparty to each of the first party borrower and the second party lender through the securities financing system.

Abstract: An electronic trading platform for cash and cash futures (options) is provided in which the cash and cash futures (options) markets are combined together in a single platform. The cash and cash futures (options) markets can be traded on the same screen. The electronic trading platform also brings the cash futures (options) in line with the cash markets. In another aspect, the electronic trading platform for cash and cash futures (options) enables the automatic matching of bids and offers. In another aspect, an OTC cash future (option) can be provided.

Abstract: In accordance with at least one embodiment, a system configured to provide a collateral management service for tri-party hybrid repo transactions includes hardware and/or software for receiving, at a repo service provider, instructions specifying a tri-party hybrid repo transaction as well as a payable date for the tri-party hybrid repo transaction; hardware and/or software for transferring collateral that is the subject of the tri-party hybrid repo transaction on or prior to the payable date to a buyer/investor for the tri-party hybrid repo transaction in the buyer/investor's Securities Account at the Federal Reserve Bank via the Fedwire Securities Service and free of payment or versus payment; and hardware and/or software for returning collateral on or prior to the payable date to the broker/dealer/seller for the tri-party hybrid repo transaction via the repo service provider versus payment via the Fedwire Securities Service.

Abstract: In accordance with at least one embodiment of the invention, a DVP repo and tri-party repo hybrid transaction is provided as well as a process for facilitating and processing such a hybrid transaction, referred to herein as a “tri-party hybrid repo” transaction.

Abstract: A computer-implemented system, method, and computer-readable medium for creating and trading securitized environmental offset credits in a registered securities exchange includes providing a processor, memory device, at least one user interface, and a network connection arranged in an online trading platform; registering, in a database in the memory device and via the network connection, one or more environmental offset credits to respective owners thereof; requesting, via the network, equitization of at least a portion of the one or more environmental offset credits by a securities regulator; applying a unique identifier supplied by the securities regulator to the equitized one or more environmental offset credits; and assigning custody of each of the equitized one or more environmental offset credits to a custodian and storing the custodian assignment in the database.

Abstract: In various embodiments, a computerized system and method manages custody and mitigates counterparty credit risk exposure associated with a trade of a financial instrument. A custodian computer system is established that receives an initial margin payment from a pledgor and electronically posts the initial margin payment in a custody account record maintained in the database. A control agreement is established between the pledgor and a secured party with agreement details stored in the database. The dual-custody control agreement gives control of the custody account to the pledgor if the secured party defaults on trade obligations, and gives control of the custody account to the secured party if the pledgor defaults on trade obligations. During the life of the trade, the custodian may invest a current margin deposit in the custody account directly through the network into one or more investment vehicles to achieve a greater return.

Abstract: A financial instrument is provided that enables investors to invest in depositary receipts based on underlying non-domestic shares of a foreign business entity through a domestic stock exchange even though the underlying non-domestic shares are traded only on a stock exchange with a settlement day that has no substantial temporal overlap with the investor's domestic stock exchange's settlement day. In accordance with at least one embodiment of the invention, an international trading transaction structure and corresponding methodology is provided that enables investment in such financial instruments while guarding against currency market fluctuations during the trade period prior to settlement.

Abstract: A system provides automation or semi-automation of trade execution and recordkeeping services for a fund of funds, in particular, a fund of hedge funds. In providing such features for trade execution and recordkeeping, various transaction processes may be automated or semi-automated, thus, reducing an amount of human operator action and introduction of associated delay and possibility of error. Moreover, such a system may have further utility in providing access to lot-level records.