Abstract: According to one or more aspects, financial transactions may be conducted using a financial card product, such as a charge card secured through a security interest in an asset. The asset may be the available balance in an interest-bearing checking account (e.g., a DDA account), a brokerage account, or other type of account that may hold funds/assets. The available balance may be monitored in real-time (or near real-time) such that the available spending limit on the secured charge card may be floating (e.g., dynamic). In one example, backend systems may be configured to monitor in real-time an available balance in security accounts in order to prevent spending over the amount of secured funds. In addition, in some examples, more than one account may be associated with a secured charge card such that the total spending limit on the card is greater. The total spending limit may be calculated through arithmetic (e.g., sum) of the available balance of each of the associated accounts.

Abstract: According to some embodiments, a system comprises an interface and one or more processors. The interface receives a request for a transaction from a primary user of a financial account. The processor(s) determine rules associated with the primary user. The rules indicate whether an administrator has authorized the primary user to make the transaction, and at least one of the rules includes comparing a location associated with the request to one or more approved locations from which the primary user is authorized to make the transaction. The processor(s) process the transaction according to the rules.

Abstract: A system, method and computer readable storage medium for receiving, from a user, a selection of a model to perform a loss reserve calculation, receiving, from the user, a selection of actual data directly from a workbook of a spreadsheet application to be input into the model selected to perform the loss reserve calculation, performing a model fitting calculation based on the model selected and the actual data to generate model fitted results, performing a plurality of simulations, wherein each simulation is based on the model fitted results and random re-sampling with replacement for the actual data and generating loss reserve statistics based on the plurality of simulations.

Abstract: A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders.

Abstract: A method, apparatus, system and non-transitory machine-readable medium are provided for declining auctions with interest bidding. According to one embodiment, offers are received from respective bidders in a bid receiving process to transact a financial instrument, the offers being expressed as offered interest rates at which the corresponding respective bidders are willing to transact the financial instrument. The bid receiving process is utilized in a declining auction characterized by a reducing a published interest rate at which the financial instrument is offered for sale. The reducing of the published interest rate is performed automatically and responsive to a lack of bidding activity. Further there is a determining whether at least one of the offers satisfies transaction criterion.

Abstract: A computer-assisted method for alerting a user of a potential negative balance condition in a financial account. The method includes estimating a future account balance of the financial account and determining whether the future account balance will be a negative value. The method also includes generating for display, in a graphical format, an alert to the user that signifies when the future account balance is the negative value.

Abstract: A method of processing data in connection with a security is provided. The security is collateralized by a plurality of home mortgage loans or by portions of the plurality of home mortgage loans. The method comprises generating payment projections regarding principal and interest payment projections for the plurality of home mortgage loans; determining that the payment projections have errors; and modifying loan characteristic data to eliminate errors in the loan characteristic data that cause errors in the payment projections. According to another embodiment, a method comprises receiving payment data regarding the plurality of loans a plurality of times separated by a plurality of days during the reporting cycle. Each time the payment data is received, the payment data is processed and the opportunity to make corrections is provided.

Abstract: Managing risks of crop production can be performed by understanding the relative performance of different agricultural inputs under the same or similar environmental conditions. In addition, managing of crop production risks can be performed by understanding variations in the performance of the same agricultural inputs over a range of environmental conditions. By being able to describe and understand these variations in performance, decisions can be made which are consistent with overall business and/or production objectives and limit risk associated with variations in environmental conditions. In addition to producers there are other stakeholders in the crop production process, such as financial institutions, insurance providers, users of crops produced, and input suppliers. These and other stakeholders can provide financial incentives to producers for managing crop production risks through use of environmental classification and/or genotype-by-environment information.

Abstract: A hierarchal view preserving relationships between data is generated by storing information related to sales and investment. The information includes dimensions and each of the dimensions includes a level and each of the levels is described by variables. Relationships between the variables are also stored. A request for a hierarchy is received. The requested hierarchy includes a set of dimensions from the stored dimensions, a level for each dimension in the set, and a sequence of the dimensions or levels in the hierarchy. A computer system calculates values for the variables in the levels for the requested hierarchy using the stored relationships that are applicable to the variables in the levels. A view of the hierarchy is generated and includes the calculated values. The view also includes the dimensions or levels of the requested hierarchy in the sequence specified for the requested hierarchy.

Abstract: A machine and method including a computer configured to generate and display multiple computer screens. A first computer receives data representing a first component of property and a second component of the property from at least one other computer, the property being a fixed-income asset, and is programmed to manipulate the data to generate one yield/discount rate for the first component and another yield/discount rate for the second component and to display the one yield/discount rate on a monitor in a first computer screen generated by the first computer and the other yield/discount rate on a monitor in one of the first computer screen and another computer screen generated by the first computer, and to compute purchase prices for the components in consummating a sale and corresponding purchase of the first component to one buyer and a sale and corresponding purchase of the second component to another buyer.

Abstract: According to one or more aspects, financial transactions may be conducted using a financial card product, such as a hybrid secured credit card that permits transactions up to a predetermined total credit limit, and then allows transactions in excess using a security interest in assets. The asset may be the available balance in an interest-bearing checking account (e.g., a DDA account), a brokerage account, or other type of account that may hold funds/assets. The available balance of the asset(s) may be monitored in real-time (or near real-time) such that the available spending limit on the hybrid secured credit card may be floating (e.g., dynamic). In one example, backend systems may be configured to monitor in real-time an available balance in security accounts in order to prevent spending over the amount of secured funds. In addition, in some examples, more than one account may be associated with the card such that the total spending limit on the card is greater.

Abstract: A method for preparing a financial statement for a member of a group of members participating in a community system. The method includes submitting a request to the community system for an accounting adjustment rule. The request includes an attribute of the member, an adjustment rule type, and an account of a general ledger of the member. The accounting adjustment rule is used to adjust a trial balance of the general ledger, obtaining the accounting adjustment rule from the community system based on the request, making an adjustment in the account based on the accounting adjustment rule to obtain an adjusted trial balance, validating the adjusted trial balance of the general ledger subsequent to making the adjustment, and preparing the financial statement for the member upon validating the adjusted trial balance. The accounting adjustment rule is contributed to the community system by at least one of the group of members.

Abstract: A “legacy life” component to a life insurance policy. An insured may protect his/her descendents by applying for a life insurance policy that provides for subsequent life insurance for the descendents as part of the death benefit provided by the life insurance policy. The “legacy life” policy may have different underwriting procedures in place and/or a lower premium than comparable coverage policies as a portion of the policy death benefit payout would be withheld to fund the descendent life insurance policy. As such, the legacy life insurance policy may produce the subsequent life insurance policy as a fully-funded derivative policy at payout. Because the original policy does not payout the full face value as a cash death benefit, the derivative policy maximizes a float for the insurance provider.

Abstract: Embodiments of the invention include a computer implemented method for automatically modifying the terms of a plurality of mortgages within a portfolio of mortgages, such that, monthly payments for the plurality of mortgages are reduced. The method includes calculating a current net present value for each of the mortgages in the portfolio of mortgages. The method also includes calculating a plurality of future net present values for each of the mortgages in the portfolio, each future net present value corresponding to one set of modified loan terms. The method also includes selecting the largest calculated future net present value. The method also includes automatically modifying the loan terms of each of the plurality of mortgages where the largest future net present value is greater than the current net present value. Loan terms are modified to correspond to the modified loan terms resulting in the largest net present value.

Abstract: A system for and method of tracking a loan from a pool of assets is presented. The pool of assets may be legally owned by a single entity, but with separate individual investors owning an economic beneficial interest in a portion of the pool. The system and method provide a technique that allows for tax transparency for income generated by loans of such individual investor's associated assets. Moreover, the system and method allow for the separate individual investors to be domiciled in different tax jurisdictions.

Abstract: A plurality of user interfaces for facilitating efficient order management and post-trade processing in an electronic trading system are disclosed. A first user interface comprises a plurality of client buttons and a broker button. Selection of a client button shifts the user interface to a client-perspective mode in which all actions and views are from the selected client's point of view. Selection of the broker button shifts the user interface to a client-neutral mode in which the broker may enter orders in the market without specifying any particular client. An analogous user interface for use by a trader is also described. A second user interface, referred to as a blotter, is also provided that comprises four distinct views for displaying “pending,” “completed,” “all,” and “annulled” trades. Preferred embodiments for utilizing the disclosed user interfaces to process different classes of pending trades are also described.

Abstract: Methods of pricing non-execution services provided by a firm comprising an execution service provider and a non-execution service provider. The methods may comprise the steps of accruing a payment for execution and non-execution services from an external client and allocating a first portion of the payment to an execution service provider and a second portion of the payment to a non-execution service provider. The methods may also comprise the steps of calculating a cost of providing the non-execution services, and calculating a profit of the non-execution service provider considering the cost of providing the non-execution services and the second portion of the payment.

Abstract: A financial planner and portfolio simulation system projects the simulated cumulative risks and rewards of one or more mixed portfolios in relation to the expected risk and reward of a minimum-risk or relatively risk-free baseline portfolio. As a user enters portfolio input parameters, the system immediately computes, displays, and graphs an inflation-adjusted retirement budget that a baseline portfolio fully invested in minimum-risk assets would be able to sustain. The system also generates—through simulation—a probability distribution of average retirement budgets that the mixed portfolio(s) would be projected to sustain, and graphs various percentile-ranked samples from that distribution on the same computer-generated plot that displays the sustainable retirement budget supported by a baseline (minimum risk) portfolio.

Abstract: Networks, systems and methods for recovering data messages from a market data stream and for building a book for a financial instrument are disclosed. An out-of-band data stream related to an as-of state of the market for one or more financial instruments is distributed parallel to a stream of market data for the financial instrument. The as-of data stream is referenced to the financial according to a unique identifier of the messages of the market data stream. The as-of data for a financial instrument may be provided at periodic rate that may be varied according to one or more factors.

Abstract: A financial planner and portfolio simulation system projects the simulated cumulative risks and rewards of a plurality of mixed portfolios in relation to the expected risk and reward of a minimum-risk or relatively risk-free baseline portfolio. Through simulation, the system generates, for each mixed portfolio, a distribution of average retirement budgets that the corresponding mixed portfolio would be projected to sustain. An asset allocation risk and reward spectrum chart is provided that graphs various percentile-ranked samples from each distribution on a computer-generated plot that also displays the sustainable retirement budget supported by a baseline portfolio. The statistical and graphical comparisons of the mixed portfolios to the baseline portfolio assist investors in choosing mixed portfolios best suited to their retirement goals and risk tolerance.