Is a
Patent attributes
Patent Jurisdiction
Patent Number
Date of Patent
December 7, 2010
Patent Application Number
11724312
Date Filed
March 15, 2007
Patent Primary Examiner
Patent abstract
A securities settlement system for settling trades in central depository systems is disclosed. The securities settlement system includes a credit line structure forming a tree structure with a number of levels with credit nodes. The securities settlement system also includes a control system for minimizing the transfer of cash between accounts by propagating cash obligations for each node in the tree structure to a highest common node.
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