Abstract: A data processing system comprises a database, lender user interface logic, and investor user interface logic. The database is configured to store information regarding a plurality of condo projects, including projects which are under development and projects which are completed. The lender user interface logic provides the lenders with access to the database to permit the lenders to add information in the database concerning the plurality of condo projects. The investor interface logic is configured to accept a real estate project with which one or more lenders are involved and configured to permit the investor to track the information added in the database by the lenders.

Abstract: A hierarchical entitlement system, method, and computer program product with integrated inheritance and limit checks are described.

Abstract: Methods and systems are provided for offering loans to users at a point-of-purchase transaction. Such loans are typically offered upon the decline of a user-tendered payment, for example of a credit or debit card or check, and typically at a retail physical location point of sale and/or at a retail website point of sale. The loan offer process is desirably integrated with the merchant's payment processing system. Term sets can be pre-established between the merchant and the loan offerer. Processing to determine whether to offer a loan and under which set of terms is desirably automated such that the decision can be made in substantially real time to motivate the completion of what might constitute an otherwise failed transaction.

Abstract: A method for providing a financial product that permits monies dedicated to a medical sub-account within a Dual-Purpose Profit Sharing plan (DPPSP) to maintain compliance with relevant IRS Tax Code provisions. The method comprising the steps of: establishing a document (MEDVAN) with provisions that maintain compliance with relevant IRS Tax Code provisions; add a provision to the document that assures all employer contributions made on behalf of the employee to the employee benefit plan are fully non-forfeitable; add a provision to the document that assures that all benefit payments to the primary and listed beneficiaries are exclusively for medical care; issue the MEDVAN to an employee benefit plan in exchange for a premium; and process payment requests from the MEDVAN based upon the medical needs of at least one employee listed as a beneficiary.

Abstract: A method for operating an account includes several steps. The account is provided for holding assets of a customer, the account having a variable value controlled by the customer. At least a portion of the assets are held in the account for a time period that includes a plurality of cycles. At least a portion of the assets are invested during the time period, and earnings on the investment are transmitted to the customer. A plurality of average cycle values of the account are calculated, with each average cycle value calculated over one of the plurality of cycles. A minimum average cycle value is selected from the plurality of average cycle values, and a bonus is calculated based on the minimum average cycle value. The bonus is transmitted to the customer, and the customer chooses whether to repeat the process.

Abstract: A data processing system and method are provided for repetitively determining a resource amount for counterbalancing the transfer of a failure risk pertaining to a bundle of constructs that may individually fail. The system has data storage for storing reference values of the bundle of constructs for distinct individual time instances during the resource amount determination. The reference values indicate a value of a respective reference construct or a value of a reference bundle of constructs. The system further has a calculation unit connected to the data storage for calculating a value of the resource amount for an individual time instance based on the reference values. The technique is suitable for valuing a futures contract that is based on a basket of credit default swaps as underlyings.

Abstract: A distributed system that provides a common data and analytic model platform for enabling users of different applications to evaluate financial instruments. The system includes multiple user applications, and a computer network with multiple analytic servers that each includes simulation models for evaluating the financial instruments. The computer network also includes components which accept requests from the user applications, executes each request against an appropriate simulation model and returns results from the simulation model to the user application.

Abstract: This disclosure describes a child support payment and child support disbursement system at a processing entity (such as a state disbursement unit or any other commercial, governmental, or other entity), wherein an employee (who is a noncustodial parent who owes a child support obligation) authorizes a child support payment and child support disbursement to an employer and the employer processes the child support payment and child support disbursement through a processing entity. The processing entity processes the child support payment as a debit-based transaction and processes the child support disbursement as an addendum-based transaction. The payment may be made to the processing entity, to a state, or to any other entity. The disbursement may be made to a custodial parent, to a state, to a state entity, or to any other recipient.

Abstract: A system and method are provided for including a configurable order option in a listing on a network-based auction service. The system and method include specifying the configurable order using an auction application separate from the network-based auction service and communicating the configurable order option specified using the auction application to the network-based auction service as part of the listing. A seller may specify configurable order options during the creation of a listing that may be communicated to the network-based auction service along with the listing information. Configurable order options provide at least two possible choices for a bidder/buyer thereby allowing customization of the listing to the degree permitted by the seller. Configurable order options may include information such as, for example, the shipping method, payment method, an optional accessory purchase for a product in the listing, a warranty for a product in the listing, a color selection, and a model selection.

Abstract: The invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect, it integrates an older legacy insurance policy generating system to on-line rating systems where users access the system through browsers. The computer system to perform the process of dynamically rating includes generating an input XML file of risk information that is sent to a web service and calculated in a calculation engine. The processed data is retrieved by the web service and transmitted as an XML file to a user interface that parses the rating information and displays the data.

Abstract: A systems and methods for depositing foreign funds into a native account using a foreign transaction machine are disclosed according to one embodiment of the invention. A foreign transaction machine, such as an ATM, receives and financial account number associated with a financial account and determines the native currency associated with the financial account. The foreign ATM may then receive cash in a foreign currency. AN exchange rate is received from within the ATM or through a network connected to the ATM. The foreign funds are then converted according to the exchange rate into native funds. The native funds are then deposited into the financial account. In other embodiments, the transaction machine provides transaction cards with native funds in response to receiving foreign currency.

Abstract: Selecting one or more entities from a plurality of candidate entities subject to one or more constraints is accomplished by establishing upper and lower profit-margin boundary values and determining an optimal profit-margin value within the boundary values using an iterative process. The iterative process includes one or more iterations of: setting a current profit-margin candidate based on a current upper profit-margin boundary value and a current lower profit-margin boundary value, determining whether the current profit-margin candidate value satisfies the constraint(s), adjusting the current upper or lower profit-margin boundary value based on the current profit-margin candidate value, and determining whether to use the current profit-margin candidate value as the optimal profit-margin value based the current upper profit-margin boundary value and the current lower profit-margin boundary value.

Abstract: A risk management system and method of determining risk characteristics of portfolios by generating risk factor scenarios based on stable Paretian distributions is provided. The system includes a database for storing any needed input, output, and intermediate results data. At least one module from each of the predefined types can be employed to produce a corresponding result—either intermediate or final. The risk management system and method provide possibilities to use flexible multivariate distribution exhibiting heavy-tails, skewness and different dependence structure, and characterizing the whole distribution of a given financial variable, allows users to perform flexible stress tests on all calculation levels, supplies fast analysis due to the possibility to use intermediate results in many subsequent calculations and to employ several calculation modules in parallel, allows for an efficient enterprise-wide risk management because of the possibility intermediate results to be used by many users.

Abstract: A method and system is provided to uniformly evaluate product characteristics and identifying risk factors associated with the products so that a comprehensive scoring system provides an attractiveness score by age brackets and also provides for a consistent quantification process so that an overall characterization may be viewed by a color coded scoring scheme. The scoring system is based on predetermined scores created for age brackets and pre-identified product attributes. Through user feedback a new product may be evaluated using a series of questions that are associated with the predetermined scores producing an overall attractiveness score. Through another set of questions and predetermined mitigation scores, a mitigations score may be developed for the product so that by combining the attractiveness score with the mitigation score and comprehensive product score may be produced indicative of risk.

Abstract: A system, method, apparatus, computer program code and means for performing a netting analysis of an agreement is provided. Pursuant to some embodiments, the netting analysis is performed by receiving agreement information, the agreement information identifying a party and a counterparty. The agreement information is compared with a netting rule. A netting determination for the agreement is generated based at least in part on a result of the comparing.

Abstract: In a preferred embodiment, the invention comprises a computer-implemented system and method of managing market information across a network of data providers, comprising the steps of: (a) electronically receiving first data including confidential information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically receiving an order and targeting parameters from a first market participant; (d) electronically issuing an advertisement request message to said first system and said second system, said advertisement message comprising display attributes of said order and comprising said targeting parameters; (e) electronically prompting said first system and said second system via the advertisement request message to each send a coordination request message to a Coordination Hub, said

Abstract: A system and method for updating and applying a financial outcome of transactions involving pass-through securities to portfolios associated with the transactions by updating valuation data associated with the pass-through securities found during a search of a trade database, computing a financial outcome of the transactions found based on the updated valuation data and applying the computed financial outcome to the portfolios of investments involved in the transactions.

Abstract: The invention provides systems, methods, and programs for improved computer trading of financial and other interests, including improvements in the making, acceptance, and control of proposals for transactions in interests. Among improvements provided by the invention are the presentation of terms of proposed transactions to trading parties in terms selected or otherwise designated by the trading parties. For example, terms of proposed transactions may be displayed in present or future values, such as in straight or split amounts for forward swap agreements. Prices in currency exchanges may be expressed in terms of any of the involved currencies. Improvements further include improved means for changing terms of proposed transactions, and especially groups or sets of proposed transactions; restrictions on repeated acceptance of transaction proposals; trading by users on each other's behalf; and improved display of transaction information associated with fellow traders.

Abstract: Systems and methods for determining a present value of an option on a security having a fixed cash flow leg based upon a Martingale. The Martingale may be based upon a ratio of the present value of the option and a numeraire. The numeraire may be a coupon annuity which may be based on coupons of the security post expiry of the option, accrual periods of the coupon, and spread-adjusted discount factors for coupon dates of the option. The spread-adjusted discount factor may be based on an instantaneous forward rate and a time-varying spread. The present value of the option may be determined based upon a spread, a notional value of the security, and an expectation of a maximum value of (1) a difference between an artificial strike coupon and a forward swap rate and (2) zero. This spread may equal a difference between the forward swap rate and a strike coupon or the strike coupon divided by the forward swap rate.

Abstract: A method and system for dealing with non-paying bidders related to network-based transactions in which a submission of a complaint to a network-based facility is facilitated. The complaint is related to a party who has failed to complete a transaction. A resolution of the complaint is facilitated. A record associated with the part is updated if the complaint is not resolved. The record indicates a count of failed transactions related to the party. A submission of a refund request can also be facilitated if the complaint is not resolved.