Abstract: A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with an exclusive and/or semi-exclusive right in the second state to trade on an incoming contra order.

Abstract: A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with trading priority in the second state to trade on an incoming contra order. The participant may also have an associated order modified as a result of an incoming contra order and/or be caused to automatically trade on an incoming contra order.

Abstract: Transaction processing of online transactions at merchant sites determines the likelihood that such transactions are fraudulent, accounting for unreliable fields of a transaction order, which fields do not reliably identify a purchaser. A scoring server using statistical model uses multiple profiles associated with key fields, along with weights to indicate the degree to which the profiles identify the purchaser of the transaction.

Abstract: Described are a method, computer program product, and system for risk management using readily available, gridded hazard data to estimate and obtain a risk analysis parameter (e.g., expected repair cost) for use in risk management, such as in seismic risk management. The method includes calculating economic risk for buildings in terms of an expected annualized loss (EAL). EAL is the product of a scenario loss estimate called probable frequent loss (PFL) and an economic hazard coefficient (H). H can be created using readily available gridded hazard data produced by the U.S. Geological Survey. The method also includes a technique for calculating shaking intensity, sEBE, which is needed for determining PFL. Incorporated into a system, the system can be utilized by engineering consultants (or others interested in risk management) via the Internet, or on any other computer readable medium.

Abstract: A method and apparatus for monitoring and dynamically adjusting insurance coverage tracks new personal and/or business property purchases and alerts a concerned party, such as the insured or the insurer, to the potential need for updating insurance coverage in light of the new personal and/or business property purchases.

Abstract: Methods and systems are provided for processing the financial information of a client of a financial institution. One method embodiment includes receiving data from an overdraft data source including at least one overdraft occurrence associated with a transaction performed in association with the client; analyzing the overdraft occurrence in an overdraft application to determine a cause and disposition of the overdraft occurrence in connection with the cause of the overdraft occurrence; and, communicating an overdraft report associated with the analyzing step to a manager associated with the client. Additional system and computer-readable medium embodiments of the present methods are also provided. In another aspect of the present methods and systems, historical overdraft issues are analyzed and reported to the management of a financial institution. System and computer-readable medium embodiments of these analysis and reporting methods are also provided.

Abstract: A process that provides protection to an entity against the risk that a third party experiences a credit-related problem as a result of, or following a fortuitous, identifiable, insurable event, where the entity is exposed to the credit risk of the third party. The process may comprise the step of entering into, by the entity, an insurance agreement with an insurer, wherein the obligations of the insurer under the insurance agreement are triggered upon the occurrence of both (1) a credit-related problem of the third party and (2) the event. The entity may be, for example, a person or a business. Where the entity is an insurance provider, the insurer may be a reinsurer, and the insurance agreement between the two may be a reinsurance agreement. The credit-related problem of the third party may be a solvency problem or a failure to borrow a certain amount of money on the part of the third party.

Abstract: A system and method for processing paper check orders. The system comprises client storage capable of storing client information including data from previous paper check orders, suspect check order storage capable of storing suspicious order information including data associated with previous improper check orders, an order entry system for inputting order information having order parameters, and a programmable scoring system in communication with the client storage and the suspect order storage. The scoring system is capable of applying scoring rules to score paper check orders and the scoring rules are programmably adjustable for variable weights to the order parameters. The programmable scoring system is capable of comparing input order information to the client information and the suspicious order information and producing a score according to the scoring rules to determine check orders that require further investigation.

Abstract: The present invention comprises a method, computer program product, and system for risk management. The present invention includes calculating a statistic of loss per unit time, the statistic being a product of a site loss parameter and a loss given a loss-basis event. The site loss parameter is a site casualty parameter and/or a site economic parameter, while the loss-basis event is a casualty-basis event and/or an economic-basis event, non-limiting examples of which include an earthquake, flooding, wind, and blast pressure.

Abstract: A payment service provider receives a request to pay a payee on behalf of a payor and determines, responsive to the received request, that the payee will not accept the requested payment via a charge to a credit card account of the payor with a credit card issuer. The payor wishes to fund the requested payment from the credit card account. Accordingly, the payment service provider transmits, to the credit card issuer, account information identifying the credit card account and payment information representing the requested payment for inclusion in a credit card statement of the credit card issuer to the payor for the credit card account. However, the payment service provider directs the requested payment to the payee on behalf of the payor from a payment account other than the credit card account.

Abstract: A system (and corresponding methodology) that supports trade services back office processing to enhance efficiency and productivity is provided. The system employs a unique consolidated screen layout that significantly improves the productivity of the users. Essentially, the system and page layout is composed of the following components: Queue Well, Activity Center, Message Center, Viewing Center and Action Tab. These components facilitate organization of panels that creates an intuitive user interface experience. The system employs a navigational hierarchy of Queue Well to Activity Center and then to the Message and Viewing Centers as appropriate.

Abstract: A reverse auction system, method and computer program product are provided. A tender is received from a buyer over a network. Such tender includes information relating to a desired good or service. A plurality of suppliers is identified based on the information, and the tender is anonymously forwarded to the identified suppliers over the network. In use, a plurality of bids is received in response to the tender from a plurality of the suppliers over the network, and such bids are consolidated. Further, the consolidated bids are forwarded to the buyer over the network.

Abstract: A method and system provides for the use of credit arrangements in simulated environments. A user can participate in credit transactions involving purchases of virtual products, virtual services, and virtual items of value. Feedback is provided to the user regarding results of the credit transactions. In some embodiments multiple users can make simulated purchases or incur simulated credit obligations that are posted to virtual accounts, and the multiple users can also make simulated compensation against balances due or obligations owed for said virtual accounts. The user is also provided with an opportunity of engaging in real-world financial transactions related to the virtual credit arrangement. In some implementations of the system and method, multiple players at different locations can use virtual charge accounts and/or real world financial accounts in connection with arranging or resolving a virtual credit transaction.

Abstract: The present invention provides a system and method for calculating and arraying an entirely universe of publicly traded stock performance data, technical and dynamic range of movement stock price data, underlying operating corporate balance sheet plus income statement fundamental data and ratios, and derived corporate operating and stock analysis data in such a manner as to enable the data for any selected single company to be phased, combined and superimposed within a series of graphical illustrations, which enable investors to easily visualize and compare the relationship of stock price movement and the underlying progression of fundamental operating variables of companies listed on exchanges around the world.

Abstract: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.

Abstract: Verifying whether a software package designed to calculate EFC (Expected Family Contribution) is implemented in compliance with a specification provided by the US Federal Government for a specific year. In one embodiment, a set of sample ISIRs (Institutional Student Information Records) provided by the US Federal Government is received, with each sample ISIR containing the details of a student and a corresponding expected set of EFC values pre-calculated based on the specification for that specific year. The digital processing system then sends the details of the student contained in a sample ISIR to the software package and in response, receives the corresponding values of the EFC calculated by the software package based on the details of the student. The calculated values of the EFC and the expected values of the EFC are then compared to determine if the software package is implemented in compliance with the specification.

Abstract: A system and method for providing responses to pricing inquiries that bypasses the trading desk is disclosed that includes a CPS database configured to receive and store pricing data from at least one data source and a CPS console configured to receive a pricing inquiry, estimate a price for the issue, and automatically generate and distribute the estimated price. A Pricing Analyst (PA) manages the receipt and processing of the pricing inquiry and can modify the estimation parameters through the CPS console. Processing of the inquiry by the CPS console relieves traders at the trading desk of the job of responding to pricing inquiries during the trading day.

Abstract: Comparison values are calculated for evaluating a commercial transaction. A request for quote received from a buyer agent includes a product specification data set that identifies items that differ in accordance with at least one parameter. Price data sets received from seller agents identify items and prices in response to the product specification data set. At least one of the price data sets identifies an item having a different parameter value as compared to the item in another price data set. A comparison value for each price data set is generated by determining a price total from the price data set and calculating a summed market price total by summing market price totals for each of the items. Calculating market price totals includes obtaining metric data indicative of market prices. The summed market price total is compared to the price total for the price data set to generate the comparison value.

Abstract: Methods and systems for real time margin management are provided. A margin inquiry request from a user is processed in real time. Such a margin inquiry request may include a real time on-demand margin inquiry. In addition, a margin inquiry request may also correspond to a hypothetical margin inquiry.

Abstract: Method and system for credit decisioning using activity based costing and compartmental modeling. Credit product profitability for a financial institution using credit scorecards is improved by providing an analysis that results in a recommended credit cutoff score for a particular loan product. The selected cutoff score is determined with input including pass and bad rate parameters for the pertinent scorecard, workflow analysis for the loan process, compartmental modeling of the workflow, and activity based costing (ABC) for the workflow. In some embodiments, data related to portions of the analysis for a particular scorecard is saved for re-use, so that a new cutoff score for a particular type of loan can be determined relatively quickly and easily if only the financial institution's costs have changed.