Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Timothy Francis McCourt0
John Balaam Alexander Kerpel0
Richard Co0
Thomas Patrick Rafferty0
Date of Patent
June 22, 2021
0Patent Application Number
157862600
Date Filed
October 17, 2017
0Patent Citations
Patent Citations Received
Patent Primary Examiner
Patent abstract
Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
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