Methods, systems, and articles of manufacture consistent with the present invention provide for conducting financial transactions over a network. A user requests to execute at least one financial transaction with at least one of a number of parties, each of the parties corresponding to a data processing system on the network. Real-time financial information relating to the financial transaction is obtained, and the user can test and confirm that the financial transaction with the at least one party can take place prior to execution of the financial transaction.
The disclosure details the implementation of an apparatus, method, and system for a macroeconomic equity investment design and trade system (the Wavefront system). The disclosure teaches a set of quantitative tools to help investors design trades around macro themes. Part of the approach is a linked set of models called Wavefronts, which describe how economic shocks ripple through the economy into company performance, market value and equity returns in the US market. In one embodiment, the modeling may be viewed as having in three parts. The first converts an economic shock into a comprehensive set of shifts in the economy. The second takes those economic shifts and drives them into company fundamentals. The third values those fundamentals based on what the market normally pays. As a consequence, the Wavefront system maps economic views and risks into predictions of what the market will pay for those changes, and the industries and companies that will over- and under-perform, which allows for and results in the construction of more risk-efficient portfolios. In an alternative embodiment, the Wavefront system may also inverse the progression of the three parts to uncover and move industry specific information to uncover macroeconomic themes.
An automated system for conducting an auction and a method for operating the system. The system comprises a plurality of bid entry terminal and a bidding information processor communicatively coupled to the bid entry terminals. Bidders at the bid entry terminals observe displayed information and enter bids accordingly. The bidding information processor and the bid entry terminals communicate and process information in order to conduct an auction. The method involves conducting an auction in which the price paid by bidders is independent of their own bids, in which participants are provided with information concerning their competitors' bids as the auction progresses, and in which the confidentiality of high values is maintained. This provides the advantage of improving the economic efficiency of the auction design over the existing art.
A centrally tracked artificial currency is provided within the context of an enterprise. This currency serves as a unit of account, medium of exchange, and store of value in a corporate \"attention economy.\" Users (typically coworkers) in the enterprise are allotted a base number of currency units, which they can earn, exchange, and spend in a variety of ways to signal importance and \"purchase\" attention of others, or priority for other organization resources. In one aspect, senders of messages can specify an amount of currency to be associated with the message, so that recipients can see the specified amount before deciding whether to read the message. Once such a system is in use, it facilitates exchange of value based on user-created transactions regarding behavior, communication, resources, incentives, and priorities.
A system and method for automatically generating transfer price documentation is described. In some examples, the system includes a tool that receives information from an enterprise for provided services and intangibles within the enterprise, automatically determines one or more allocations for the provided services and intangibles, and generates reports based on the determined allocations.
A computerized system for the automated facilitation of the resolution of contractual and other disputes by communicating, processing, managing or guiding the process of dispute identification, discovery, negotiation and resolution through the Internet or other networked communications.
The invention disclosed is a system for providing an aggregated econometric database with selectable sources of economic data. The econometric database is accessible to a system application that graphically displays econometric data over selected periods, and allows display of external economic data in conjunction with internal company metrics. The system applications further provide for identifying the features of indicators,economic and business forecasting, and providing alerts based on the available econometric data.
An electronic trading system and associated methods that provide for anonymous pricing data while ensuring the integrity of the system by preventing it from being used for price discovery information only. Methods are included to police the dealers requesting price information and clear rules are implemented to reward the dealer offering the best price. Dealers request price information by submitting an open (not anonymous) request to a broker for a price on an amount of a security or financial instrument, referred to herein as a \"Price-For-Call,\" which results in an anonymous RFQ being sent to a group of other dealers. If more than one dealer in the group responds with a price, only the best price (bid or offer or both) is returned to the requesting dealer and only the dealer offering the best price is rewarded with knowledge of the price information by virtue of the fact that his price traded.
Collaborative video recording method that allows a plurality of networked digital video recorder (DVR) devices to distribute the tasks of receiving and storing digital video content data. To do this, the invention defines a new type of point-to-point (P2P) overlay network, termed a \"Fair Use P2P network\" designed to facilitate networking among those DVR devices that have legally equivalent access to the same video program content. Here DVR devices will seek out peer DVR devices on the Fair Use P2P overlay network, and advertise their capabilities. A user's DVR, upon determining that its own resources to record the desired program are overly limited, will contact other DVR devices request remote recording and storage services. To view, the user's DVR sends messages to the one or more remote DVR units requesting playback of the stored program data. This data will then be streamed back to the user and replayed.
A commerce system has a plurality of members. A maximum discounted offer is determined for a product in the commerce system. A discounted offer is generated less than the maximum discounted offer for the product. Members of the commerce system are assigned to a control group and offer group. A control discounted offer is provided to members of the control group and the discounted offer is provided to members of the offer group to assist with purchasing decisions. An incremental profit is determined as a difference between the maximum discounted offer and the discounted offer for a purchased product. Activities within the commerce system are controlled by distributing the incremental profit between members of the commerce system. The incremental revenue or profit is distributed based on purchasing decisions of the control group with the control discounted offer and purchasing decisions of the offer group with the discounted offer.
A system is compatible with money and is usable to settle debts and/or for providing liquidity in a marketplace. The system uses standardized claims on future payment in an administrative process to provide a source for settlement of obligations between parties and to extend the period in which cash is not needed as a tool for commerce. This means of exchange can be established and used to introduce tools to have the circulation of local purchasing power inside the management system or region optimized. Using computer and specific formulas and approach allows tagging monetary flows in order to optimize the use of its potentials.
A lidar pulse is time resolved in ways that avoid costly, fragile, bulky, high-voltage vacuum devices--and also costly, awkward optical remappers or pushbroom layouts--to provide preferably 3D volumetric imaging from a single pulse, or full-3D volumetric movies. Delay lines or programmed circuits generate time-resolution sweep signals, ideally digital. Preferably, discrete 2D photodiode and transimpedance-amplifier arrays replace a continuous 1D streak-tube cathode. For each pixel a memory-element array forms range bins. An intermediate optical buffer with low, well-controlled capacitance avoids corruption of input signal by these memories.
Method and arrangement for Connecting Business using a database and search & matching technology for aiding companies in finding and maintaining relationships with customers, partners and other contacts so as to improve efficiency. This is performed by continuously searching the web sites including company web sites, official registers, financial registers, news, blogs, social networks and feedback from users. This is filtered and matched through advanced search and matching technology and published in a social media with corresponding communication, information sharing and marketing services.
A retirement fund program managed by computer software requiring an initial fixed investment and producing an ever increasing revenue stream to a group of participant investors organized by life expectancy and grouped into an investment partnership. A financial portfolio is created from the monies invested by each investor and is used to manage high quality securities to generate income for the partnership. Periodically, the surviving members of the partnership are entitled to receive the revenue generated from the portfolio, which statistically will increase as fewer participant investors survive. The partnership can purchase term life insurance on each participant investor, so that the initial investment can be returned to the estate of a participant investor if the participant investor becomes deceased during the program. Upon termination of the program, all remaining assets will be distributed pro rata among the living participant investors of the investment partnership.
The present invention provides for a method and apparatus for distributing digital information, such as software applications, to application users. By providing the digital information on unused memory space of a computer system, and providing a process for authorizing access to the information, the information can be efficiently and cost effectively transferred to users. Traditional inventory and distribution channel difficulties are avoided.
System and method of making and using, products produced by the method, articles, and necessary intermediates of the foregoing as regards controlling a computer system in computing directed to inflation-immunized derivatives.
A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to a financial instrument impairment calculation business object.
The technology described in this application allows a system to manage entities/users and associated Financial Articles of Trade (\"FAT\") with different trading systems, institutions and entities. In particular, an Open Order Manager (\"OOM\") manages a plurality of users in a user group, and preferably in real-time, monitors FAT transactions initiated and executed by the users. The OOM enables allocation and dynamic reallocation of the FAT amounts between and among \"nodes\" (e.g., a financial system or financial institution) which can include any subcomponent arrangement that has internal permission privileges which are not shared among other nodes but all of which are under control or ownership of a common party in interest.
A system and method for providing credit to a subscriber, including a plurality of networks, each of said networks supporting a plurality of subscribers; a central settlement facility coupled to each network within the plurality of networks, said central settlement facility maintaining a plurality of subscriber accounts and wherein the central settlement facility is adapted, on receipt of a request for credit from a subscriber, to convert the request for credit to an intermediate value; obtain credit from a credit provider with said intermediate value; credit an account held by the subscriber on the settlement facility with an amount equivalent to the request for credit; and advise the subscriber of the approval of the request for credit is disclosed. The system is further configured for the provision of airtime to a subscriber.
Embodiments of the invention are directed to a system, method, or computer program product for a customizable financial application. This invention allows a user to customize an application, such as an application for a mobile smart phone, to display information or perform actions using data stored by a financial institution, including data about the customer and more general financial data.
A data analysis system (1) for displaying data facilitating visual analysis of financial transaction is disclosed. The system includes a transactions database (3) operable to store transaction records (5) defining financial transactions and a processing module (11) operable to determine a hierarchy having a tree structure wherein leaf nodes in the lowest level of the hierarchy correspond to sources and destinations associated with financial transactions represented by transaction records 5) stored in the transactions database (5). The processing module (11) then causes representations of the financial transactions to be displayed on a display screen (13) by determining for each transaction a first set of control co-ordinates comprising co-ordinates associated with elements in a path in the tree structure connecting the source and destination associated with a financial transaction via the closest common parent in the hierarchy common to the source and destination; determining for each transaction a second set of control co-ordinates for drawing a straight line between co-ordinates associated with the source and destination associated with the financial transaction; calculating as a set of control co-ordinates for representing a transaction weighted averages of corresponding co-ordinates in the first and second set, weighted by a bundling factor; and representing each of the financial transactions as a line drawn utilizing the calculated control co-ordinates for each transaction.
A system for protecting individuals (including institutions) involved in securities transactions has been created that utilizes an \"independent\" depository as an intermediary between a security owner and a brokerage firm. The inclusion of a depository is considered to protect the security owner from untoward actions on the part of the brokerage firm. The depository is used to \"hold\" the securities behalf of the owner. The security owners and brokerage firms must be registered with the depository and maintain accounts with the depository. All transactions involving the securities are still performed by the broker, but the requests are transmitted from the security owner to the depository, and the depository then relays messages regarding the transactions to the broker. Thus, the securities are only in the possession of the broker on a transaction-by-transaction basis.
Devices, systems, and methods of automatic Financial-Instrument (FI) management. In some embodiments, a system includes, a memory having stored thereon financial-instrument-based (FI-based) management instructions; and a processor to execute the FI-based management instructions resulting in a FI-based management application, wherein the FI-based management application may receive portfolio data corresponding to a plurality of financial-instrument portfolios associated with a plurality of clients, wherein the FI-based management application may automatically identify one or more portfolios of the plurality of portfolios satisfying at least one criterion, wherein, for each identified portfolio, the FI-based management application may receive client-specific management data corresponding to a client associated with the identified portfolio, wherein the client-specific management data includes at least client-specific destination information defining at least one destination, and wherein, for each identified portfolio, the FI-based management application may automatically communicate portfolio-related data corresponding to the identified portfolio to the destination defined by the management data.
A system for dynamic currency conversion is provided. The system includes a bank identifier system determining whether currency conversion is available for a card-issuing bank of a presented card, such as by comparing a bank identifier from the card with a list or table of participating banks. An exchange rate system determines whether an exchange rate has expired, such as an exchange rate associated with the foreign currency of the card-issuing bank. The card holder is presented with an option for selecting a foreign currency transaction after it is determined that currency conversion is available for the card-issuing bank and that the exchange rate has not expired, such that the card holder does not need to see such information unless foreign currency processing is available.
Methods, systems, and computer readable medium for facilitating selection of a preferred language associated with a website. In one example, information including information relating to a user is first received via the communication platform. The received information is then automatically analyzed to estimate a preferred language in which the user likely uses to view content from the website. A selector is displayed with an available selection of a language that most closely matches the estimated preferred language to allow the user to specify the user's preferred language with respect to the website. The user's preferred language is stored, and the user is redirected to the website in the user's preferred language.
Described herein is a method of implementing an electronic envelope budget planning and control system. Such a system includes establishing sub-accounts which have criteria limiting consumer spending of such sub-accounts substantially simultaneously with purchasing transactions by requiring funding of a transaction to meet budgeting criteria and funding limits before such a transaction can be funded at the point of sale.
An automated information and analysis system and methods, including methods to acquire information, which may include financial market data such as rates or prices, from one or more external sources, and to process, enhance, extend or otherwise develop that information to derive additional, different, modified or otherwise developed information which, separately or together with the original acquired information, provides to users additional, different or modified utility relative to the utility that the original acquired information provides alone.
A system and method efficiently solve the expected utility maximization problem in large-scale financial asset portfolio optimization. The system and method solve the expected utility maximization problem employing a factor representation of asset returns. Additionally, the system and method calibrate the optimization model to a benchmark to obtain unconditional mean returns and enable active management based on conditional expected return predictions. The system and method also enable options to be considered as part of the portfolio.
Aspects of the disclosure relate to assisting credit account holders during economic hardship. More specifically, aspects of the disclosure relate to systems and methods for providing a rebate of at least a portion of a finance charge applied to a credit account. Unlike certain prior art systems and methods, embodiments disclosed herein may benefit both the credit account holder as well as the financial institution that extends the credit account. In one embodiment, it may be determined that several credit accounts meet a threshold of probability of having a charge-off. In certain embodiments, the number of accounts that receive a rebate may be limited to a certain percentage of credit accounts with a non-zero balance.
An apparatus and method for providing security disclosure information in at least two aligned formats, the apparatus including security disclosure data in an audio format, a processor for receiving the audio security disclosure data and for inserting a first marker therein and said processor for creating a text from the audio security disclosure data and for inserting a second marker in the text in a position corresponding to a location of the first marker in the audio security disclosure data.
A buying power limited financial products order entry system includes or more databases including data identifying currently implemented buying power limits, currently held positions and currently open orders. The system further includes an input command component adapted to receive a command to calculate a maximum order size for a selected financial product based, at least in part, on the currently implemented buying power limits, currently held positions and currently open orders. A method of calculating a maximum order size in a buying power limited financial products order entry system includes the steps of: providing an input command component adapted to receive a command to calculate a maximum order size for a selected financial product; and in response to the command being triggered, calculating a maximum order size for the selected financial product based, at least in part, on currently implemented buying power limits, current open orders and any currently held positions.
A buying power limited financial products order entry system includes an order resolution component configured to apply one or more automatic resolution actions when there exists at least one order that, if executed, would result in a condition in which a presently implemented buying power limit is exceeded. A method of resolving order size conflicts in a buying power limited financial products order entry system, the method includes the steps of: applying one or more automatic resolution actions when there exists at least one order that, if executed, would result in a condition in which a presently implemented buying power limit is exceeded.
Methods for lease financing of tenant improvements. Improvements to a lease space are leased from a special purpose entity to a tenant under an improvements lease distinct from the space lease. The special purpose entity may be a legal entity owned under tax accounting rules by a landlord of the space. Financial statements of the special purpose entity may be consolidated with financial statements of the landlord. The special purpose entity may be capitalized by: (a) an equity investment by the landlord of at least three percent of the value of the tenant improvements and (b) debt issued by the special purpose entity of at least about eighty percent of the value of the tenant improvements, the debt being non-recourse against the special purpose entity, the landlord and the improvements and being secured by an absolute obligation of the tenant. The special purpose entity owns the improvements lease. Development of the tenant improvements may be financed by the special purpose entity. Rent payments under the improvements lease may have a present value at least equal to a value of the improvements at a time of commencement of the improvements lease. The improvements lease may be structured together with the space lease to support an accounting conclusion that the space lease and improvements lease are to be considered together as a single lease and classified as an operating lease. Rent payments under the improvements lease may be fully tax deductible to the tenant.
A system and method for generating a vehicle fleet configuration for purchase, replacement, and/or deployment of vehicles include an input device configured to receive user input indicative of a number of vehicles to purchase and at least one fleet operational parameter target. A computer in communication with the input device and a database having emissions and fuel economy information for a plurality of available vehicle models and associated powertrain configurations is configured to generate a recommended number of vehicles for each of the available vehicle models with associated powertrain configurations to satisfy the number of vehicles to purchase, wherein the operational parameters associated with the number of vehicles satisfy at least one fleet operational parameter target, which may include one of minimizing cost or minimizing emissions, for example.
A content-generic platform may provide online content-specific services via primitives. One of the primitives can be an economic recommendation primitive for user-recommendation of the geographically partitioned content. The economic recommendation primitive may include economic recommendation models for user-recommendation of the geographically partitioned content.
A computerized method and system for managing risk associated with a Hedge Fund is disclosed. Information relating to Hedge Funds is gathered and stored as data in preparation for a risk inquiry search relating to a Hedge Fund. Documents and sources of information can also be stored. A subscriber, such as a Financial Institution, can submit a Hedge Fund descriptor for which a risk inquiry search can be performed. The risk assessment or inquiry search can include data retrieved resultant to augmented retrieval methods. Scrubbed data as well as augmented data can be transmitted from a risk management clearinghouse to a subscriber or to a proprietary risk system utilized by a subscriber, such as a risk management system maintained in-house. Risk inquiry searches can be automated and made a part of standard operating procedure for any transaction conducted by the subscriber in which a Hedge Fund is involved.
A method of establishing a referral network for the enrollment of individuals in a geriatric healthcare insurance plan comprising identifying an age-eligible population; developing and implementing recruiting strategies to establish a relationship with the age-eligible population; and generating potential members from the age-eligible population for enrollment in a geriatric healthcare insurance plan as senior class members; and engaging senior class members to become ambassadors that represent the geriatric healthcare insurance plan to other potential members. Ambassadors may be remunerated under an incentive program which pays a predetermined bonus for every potential member that enrolls in the geriatric healthcare insurance plan due to the direct or indirect participation of the ambassador prior to the potential member's actual enrollment.
There is provided a method including inputting a plurality of symbol strings and attribute information desired to be extracted from each symbol string; selecting a plurality of functions from a predetermined function group including a function for converting a symbol string into a numerical value, and generating a plurality of feature quantity functions for outputting a feature quantity from the symbol string by combining the plurality of functions; inputting each symbol string to each feature quantity function, and calculating a feature quantity corresponding to each symbol string; executing machine learning using the attribute information corresponding to each symbol string and the feature quantity corresponding to each symbol string, and generating an estimation function for estimating the attribute information from the feature quantity; and outputting the feature quantity functions and the estimation function.
A method and apparatus for driving a trade via an electronic trading platform are provided. Traders may define trade order parameters including at least one monitored parameter and at least one rule for assigned thereto. The trade orders will only be executed when current market data satisfies the at least one monitored parameter and at least one rule. Said monitored parameters are selected from a current market price, a current bid and/or ask value, volume, a Volume Weighted Average Price (VWAP), or a combination thereof. The rules are based on a number and/or volume of executed market orders, placed by other traders, during a certain time period, a time period passed since it was determined that the at least one monitored parameter satisfies the market data, or a combination thereof.
A funds transfer system includes a first mobile telephone operating company and a first financial institution which exchanges data communications regarding funds transfer requests with the first mobile telephone operating company. The system further includes a second mobile telephone company and a second financial institution. The system also includes a payment processing network operating company. The payment processing network operating company transfers funds from the first financial institution to the second financial institution to benefit a recipient who owns a mobile telephone served by the second mobile telephone operating company.
A control system for a machine is disclosed. The control system may have a power source, an operator input device, a work implement, and a controller in communication with the power source and the operator input device. The operator input device may be configured to generate a signal indicative of a desired mode of power source operation. The work implement may be driven by the power source to accomplish a task. The controller may be configured to classify a currently performed task, and adjust power source operation based on the task signal and the classification.
A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to a credit portfolio model, a credit portfolio analytical result, a credit portfolio management process control, a financial instrument exposure profile analytical result, and/or a material supply and demand allocation business object.
There is provided a method and system of determining efficient routing of a mail piece in a delivery system for delivering mail pieces. The system determines whether or not the mail piece requires urgent delivery. The system determines a weight of the mail piece. Also, the system determines, based on the urgency determination and the weight determination, a most cost-effective place in which to introduce the mail piece into the delivery system.
Disclosed is a market-based software system that will help user-retailers manage price and inventories more effectively. The system will take advantage of available price and sales data to provide pricing recommendations that will achieve a retail user's objectives. The system will offer a solution that will allow for pricing improvement shortly after installation by utilizing data that is readily available. The system will recommend price changes that help a user achieve specified objectives such as contribution, sales volume, desired margins, and the like. The system can also collect and process price and sales data on an ongoing basis, which can enable improved estimates of customer price sensitivity and performance on a category-by-category basis. This data can be used to improve further pricing decisions.
A system and method for assisting ordering and payment processing of an order invoice associated with a product selected by a customer. The system comprises collecting product data about the product and generates the order invoice information for use by at least an accounting system of the merchant. The system receives symbology information in an aggregated barcode associated with the order invoice, the symbology information including at least a portion of the order invoice information encoded using a coding scheme of a barcode. The system provides an image of the aggregated barcode to the customer for use in generating a transaction request for settlement of the order invoice, and receives a transaction response indicating transaction approval or transaction denial of the order invoice.
A powertrain system including a multi-mode transmission is configured to transfer torque among an input member, torque machines and an output member. A method for controlling the multi-mode transmission includes employing a closed-loop speed control system to determine torque commands for physical torque actuators including the torque machines. The closed-loop speed control system includes employing a virtual torque actuator control scheme to generate torque commands for the physical torque actuators responsive to output commands for a plurality of virtual torque actuators.
A system and method of issuing municipal bonds (tax coupon bond, zero coupon bonds, etc.) includes issuing, from a bond agent computer, a bond offering for prospective bond holders, and purchasing, by at least one of the prospective bond holders using a prospective bond holders/investor device, at least one of the offered bonds, wherein the at least one purchased bond is redeemable to offset a bond owner's tax liability to a municipality authorizing the issuance of the bond at a future date.
The invention provides computer-implemented techniques and systems for parsimoniously modelling the price or value, expected rate of return or other relevant characteristics of securities issued by, or referenced to, firms (or other assets) by incorporating risk premia such that a range of different securities can be evaluated within a single, unified and coherent framework, thereby leading to significant reduction in the computing resources otherwise required.
Methods and systems are provided herewith for exchanging and/or rating works of art. A value for each of a plurality of portfolios of art owned by a plurality of participants is determined. Each portfolio of art comprises one or more works of art. The value of a particular work of art may be determined by a processor based on rating information and/or a value of another work of art. Ownership interests of the plurality of portfolios of art are pooled in a legal ownership entity having an initial total number of shares. For each participant, an initial participant value and quantity of shares is determined, e.g., based on the determined value of the respective participant's portfolio. An indicia of the respective quantity of shares is transmitted to each respective participant. In various embodiments, participants may buy and sell usage and ownership interests in the portfolios of art.
Methods and systems are disclosed for calculating borrowing cost of municipal debt instruments. In an embodiment, a method receives terms, yield curve and interest rate volatility data for a set of bonds and then specifies an evolution of interest rates for each of the bonds. The method receives an option value V for each of the bonds and determines proceeds P for each bond. The method obtains an Option-Adjusted True Interest Cost (OATIC) for the bonds by adding the option values V to the proceeds P and finding a single discount rate that equates a present value of respective debt service for the bonds to P+V. In another embodiment, a system specifies an evolution of interest rates and receives an option value V for municipal debt offerings. The system selects a bond based on expected costs of bonds, which are calculated using OATIC values and identifies a preferred bond.
A system and method for trading a security in a foreign currency. The system comprising: an FX pricing module for maintaining FX data streamed from one or more liquidity providers; and a market manager module configured to receive original trade data associated with the security in a trading currency of the security and to generate converted trade data associated with the security in the foreign currency; wherein the market manager module generates the converted trade data based on an FX rate provided by the FX pricing module.
The present disclosure is directed to an enterprise business expense assistant operable to determine a cost savings associated with a business associate selecting a travel and/or enterprise expense option and provide a portion of the cost savings to the associate as a cash payment or other benefit.
Methods and systems for estimating time-varying factor exposures of either an individual financial instrument or a portfolio of such instruments, through the solution of a constrained multi-criteria dynamic optimization problem, providing an estimation error function and one or more transition error functions to be minimized over a period of time. The factor exposures relay the influence of the factors on the return of the instrument or portfolio. The estimation error function provides the estimation error at each time interval between the return of the asset collection and a sum of products of each factor exposure and its respective factor. Each transition error function provides a transition error of each factor exposure between time intervals. In one embodiment, the constraints can include a budget constraint and non-negativity bounds applying to some or all of the factor exposures. In other embodiments, the method and system can be applied to estimating any time-varying weight that is used in a model, to relay the influence of one or more independent variables on a dependent financial oreconomic variable, through the solution of a constrained multi-criteria dynamic problem, minimizing estimation error and, transition error terms. In other embodiments, the solution of a multi-criteria dynamic problem can be used as part of a method and system to determine structural breakpoints for each factor, and also as part of a method and system for determining optimal parameters to weight the transition error functions and selecting the factors included in the model.
A method for increasing fuel economy of a vehicle such as a plug-in hybrid electric vehicle (PHEV) having an engine and a battery each configured to supply power to propel the vehicle includes supplying power from the battery and operating the engine below peak efficiency to supply from the engine only the difference in power between a demanded power and the power which the battery can deliver when the demanded power exceeds the power which the battery can deliver.
A payment system for spending accounts is provided. The payment system includes a qualified vendor system, such as a point of sale system at a doctor's office, that generates purchase data and point of sale data, such as a co-pay amount, a credit card number, and a point of sale device identifier. An account management system receives the purchase data and point of sale data and generates authorized purchase data, such as by determining whether payment of co-pay can be automatically authorized based on pre-qualification of the doctor's office as an authorized source.
The present invention is a method for supporting an exchange transaction, in which users can complete exchange transactions between and/or among themselves.
A method of planning a vehicle route includes estimating fuel requirements of identified alternative routes or route segments using navigation, vehicle, and powertrain information. The method also includes displaying for a vehicle operator a list of alternate routes that features either absolute or relative values representative of such estimated fuel requirements. The method further includes adapting values used to estimate fuel requirements based upon current powertrain operating parameters, and alerting the vehicle operator when actual vehicle fuel economy along a selected route varies significantly from the estimated fuel requirement.
Method of capturing interest associated with a whole or partial amount of money possessed or controlled by an owner/holder and held in a first account maintained by a home financial institution, associated with a monetary rights transfer (MRT) network operably connected to the infrastructure of the Internet and a real-time gross settlement (RTGS) system, and the home financial institution or an external financial institution associated with the MRT network, maintaining a second account, interest bearing, for the owner/holder of the amount of money to capture interest.
A method of comparing the total cost of ownership between different tires is provided. More particularly, a method for comparing the total cost when certain information, such as selling price, is not available for one of the tires is provided. The method can be used, for example, to determine the amount by which a tire must be discounted to account for performance differences relative to other tires.
A computer-implemented method for integrating applications with a network service application is provided. A database management system automatically updates a local database of a computer with information contained within a remote database and an application is enabled to generate a new record in the local database with temporary values in the relationship fields such that the child records are logically related to one or more parent records by virtue of having the same relationship values. A new record is created by the web service for the parent record. When a changed value of the parent record's key is detected, a value of the key of relevant changed parent record is written into one or more local related record's relationship field.
Econometric information is produced based upon real data that has been electronically acquired in real time. The acquired data is analyzed to select data records having attributes unique to a particular activity of interest. The selected data records are aggregated, adjusted, and used to create a statistical index or metric related to an economic activity. The statistical index or metric, together with information illustrating or interpreting information, is electronically distributed. As an example, a Pulse of Commerce Index related to shipment of goods is produced by electronically processing and storing data relating to financial transactions involved in purchase of goods and services. Data records are selected that involve fuel purchases, which act as a proxy for freight activity. Using the selected data records, both national and regional indices based upon fuel purchases are produced and distributed.
A methodology for a merchant acquirer to leverage its own internal data for analysis purposes whereby it analyzes data associated with its issuing line of business to provide information for use in promoting/retaining business within its acquiring line of business.
Disclosed are methods, apparatus, and systems, including computer program products, implementing techniques for determining and using human capital metrics as measures of the economic value of persons to an organization. The financial state and performance of an organization can be characterized accordingly. One or more data resources storing data associated with one or more persons are accessed. A plurality of fields of the data are selected as cost data of the one or more persons, including direct expenses associated with the one or more persons and indirect expenses associated with the one or more persons. The selected data is retrieved from the one or more data resources. A human capital metric is calculated in accordance with the retrieved data, including summing the cost data to determine a total cost for the one or more persons. A report including the calculated human capital metric is generated and provided.
Key features of these methods, apparatus, and designs include (but are not limited to) innovations and implementations of futures securities; the notion of Type I, Type II, and Type III futures contracts custom tailored to specific clienteles; the notion of tickets and coupons as tradable futures contracts; the notion of bifurcation; the notion of redeemable bundles; and notion of realization of the futures market on the Internet; the apparatus of an Internet-based trading interface and engine; the notion of cookie-cutter futures electronic Internet-based futures markets for each security; the feature of maximal reliance on the Internet; and the business concept of \"profitability without the need for high trading volume.\"
One or more aspects comprise a computer system comprising one or more servers that: (a) provide a financial personality assessment questionnaire to a user; and (b) receive data describing said user's responses to one or more questions in said questionnaire; and one or more processors in communication with said one or more servers that: (a) based on said data describing said user's responses, assess said user's investment-related attitudes across a plurality of scales and produce a multi-dimensional financial personality identifier for said user; and (b) construct a user risk profile for said user derived from said multi-dimensional financial personality identifier.
The present invention is directed to a system and method for raising financing and/or revenue by artist for a project, where the project may be a creative work of the artist. The method including registering, by at least one artist, with a centralized database, at least one or more projects, offering, by the at least one artist, an entitlement related to the artist in exchange for capital for the project of the artist. The method and system may also include searching, by an interested party, the centralized database, for the least one artist, registering, by the interested party, with the centralized database and accepting the offer by the interested party for the entitlement related to the project. The capital may then be forwarded to the artist and the entitlement provided to the interested party.
Methods and systems for identifying and reporting an index of overvaluation and undervaluation of a financial instrument due to behavioral bias of traders, including but not limited to stocks, bonds, mutual funds, and options by producing a fundamental valuation index that equals zero when the actual returns equal the fundamental economic returns of the instrument as predicted by the model, and that does not equal zero when the returns are overvalued or undervalued, to enable an investor to formulate optimal investment strategies.
An exemplary aspect comprises a computer system comprising: (a) one or more servers that receive electronic data describing prices for a first category of futures positions; and (b) one or more processors that calculate an index value at a specified time based on one or more weighted price changes for said first category of futures positions, wherein said index value has a target exposure to one or more yields for said first category of futures positions. In one or more exemplary embodiments, the computer system further comprises one or more processors that receive electronic data describing prices for a second category of futures positions, wherein the index value at the specified time is based on one or more differences between weighted price changes for the first category of futures positions and the second category of futures positions. Other exemplary aspects comprise related methods and software.
Embodiments consistent with the invention provide systems and methods for accepting a web merchant link from a user who is not an affiliate of the web merchant, and returning a substitute link that links to an intermediary website. When a person uses the substitute link, for example through on-line socialization, the intermediary website directs them to the web merchant's website in a manner that provides affiliate marketing credit to the affiliate represented by the intermediary website. The affiliate keeps track of the association between the redirected person and the user who created the substitute link, and credits affiliate marketing benefits earned in conjunction with the activities of the redirected person (e.g. commission) to the user who created the substitute link. The benefits may also be credited to a person or organization designated by the user.
Disclosed herein are methods and systems for detecting a risk of payment default. In various embodiments, the systems/methods receive mortgage data associated with a mortgage application of an applicant, generate one or more models based on data related to historical mortgage transactions and determine a payment default risk score based at least partly on the one or more generated models, the mortgage data associated with the mortgage application, and the credit data related to the applicant. In another embodiment, a system is disclosed for selecting mortgage applications for further fraud evaluation based on the determined risks of early payment default associated with the mortgage applications and performing the fraud evaluation on those selected mortgage applications.
Methods for linking two or more vehicles to achieve reduced aerodynamic drag while the vehicles are travelling on the road are disclosed. The disclosed methods utilize a dynamic linking system that not only physically connects the vehicles but also allows the driver of the leading vehicle to monitor and control essential functions of the trailing vehicles. Preferably, the driving mechanisms of the trailing vehicles, such as throttles, brakes, and gears, are fully operational so as not to put excessive burden on the driving mechanisms of the leading vehicle. Methods for linking individual vehicles as well as streamlining the operation of a fleet of vehicles are also disclosed.
A method of making, and executing investment transaction decisions. The method involves a trading strategy which operates on two levels, based on sets of at least three simple moving averages, including back testing to establish a decision base for decision making. As a first level, the trading strategy can ascertain a general direction of the market for a specific investment vehicle. The trading strategy uses multiple simple moving average crosses as basis for triggering transaction signals and/or transaction signal alerts.
This invention relates to methods, systems and computer program products to facilitate the pricing trading and risk management of derivatives contracts on one or more underlying via the introduction of Basis instrument Contracts (BICs). Such pricing trading and risk management may be done in organized exchanges or in over-the-counter (OTC) markets.
Systems and methods for mobile funding are provided. One such method comprises receiving a transaction request to transfer funds from a payor to a payee. The transaction request can include a payor device identifier, a payee device identifier and an amount. A payor account identifier associated with the payor device identifier, and a payee account identifier associated with the payee device identifier can each be determined. Additionally, a first service provider associated with the payor device can be determined based on the payor device identifier, and a second service provider associated with the payee device can be determined based on the payee device identifier. The transfer of funds from the first service provider to the second service provider can then be initiated using the payor account identifier and the payee account identifier. At least one of the first and second service providers is a mobile network operator.
A method includes receiving, in a computer, a transaction request from a payment services provider. An end user identifier included in the request is mapped into a payment card system account number. The end user identifier identifies an end user who has been assigned the payment card system account, and who is a subscriber to a closed-loop payment system operated by the payment services provider. Funds from the payment services provider are credited to a shadow open-loop system payment card account identified by the payment card system account number. An authorization request for an open-loop system transaction is sent to an acquirer financial institution that represents a merchant with which the end user is dealing, and is received back from a payment card system authorization system by the same computer that received the transaction request from the payment services provider and that generated the authorization request.
Multi-component model engineering is described, for example, to model multi-component dynamical systems in which the true underlying processes are incompletely understood such as the Earth's biosphere, whole organisms, biological cells, the immune system, and anthropogenic systems such as agricultural systems, and economic systems. In an embodiment individual component models are linked together and associated with empirical data observed from the system being modeled in a consistent, repeatable manner. For example, a model component, its links with data, its outputs, and its links with other model components, are specified in a format to be passed directly to inference routines which use an inference engine to infer the most likely parameters of the multi-component model given subsets of the empirical data. The inferred parameter values take the form of a probability distribution representing the degree of uncertainty in most likely parameter. An embodiment describes ways of identifying model components for revising.
The disclosed embodiments provide a system that facilitates the deployment and execution of a software offering. During operation, the system obtains a service definition of the software offering and a resource definition of resources available for use by the software offering. Next, the system creates a multidimensional model of the software offering by mapping a first set of elements from the service definition to a second set of elements from the resource definition. Finally, the system uses the multidimensional model to manage the deployment and execution of the software offering without requiring manual configuration of the resources by a user.
In accordance with the principles of the present invention, a non-biased, centrally-cleared financial instrument, and method of electronic clearing and settling such a financial instrument is provided. The non-biased, centrally-cleared financial instrument of the present invention is to be centrally cleared and can be traded or transacted either on or off an exchange or trading platform, whether traded as a future or other type of financial instrument. The non-biased, centrally-cleared financial instrument of the present invention has a terminal value such that the terminal value offsets co-movement of variation margin and investment return on the variation margin during the life of the financial instrument.
An online backing method and system whereby a participant backs a contestant in a competitive game of skill for the chance to win additional electronic currency if the backed contestant satisfies predetermined performance criteria. This system provides the conversion of real currency into online gaming tokens or electronic currency that can be used to back a contestant and earn additional electronic currency if the backed contestant satisfies predetermined performance criteria in a specified game, tournament, contest, etc. The electronic currency can be accumulated, saved and used to purchase loot in various websites, online retailers and real-world stores. This backing system has application in a large number of areas whereby one contestant is pitted against another in games or tournaments of skill.
The present specification is an e-commerce business/system (\"System\") that facilitates the sale of goods and/or services between Seller(s) and individual consumers that are affiliates/members of a community group (\"Organization\"). In addition, the present specification is a System that facilitates formation, identification, aggregation and registration of such Organizations, to help its constituent consumers/members realize cost savings through collective buying opportunities and, optionally, have an opportunity to pledge at least a portion of the cost savings realized through such buying as charitable funds to be donated to the Organization. In addition, the present specification is a System that provides to interested sellers a retail platform for specified periods of time to reach and sell to specific group(s) of consumers who constitute Organizations defined by demographics, socio-economic factors, geographical location and known buying preferences.
A method and apparatus for controlling the volatility experienced by a grantor using a grantor retained annuity trust (GRAT) or the like provides a fund that may sell call spreads to the GRAT and shares in the fund to the grantor. Countervailing value movements in the fund and the value of the call spreads may be adjusted to control volatility and provide more certainty in the calculation of the grant annuity stream.
A process for financing and interest rate price discovery utilizing a centrally-cleared derivative is provided. Criteria are bid and/or offered with respect to enumerated amounts. The criteria can be prices or interest rates. The interest rate can be an overnight and other term interest rates, forward interest rates, and combinations thereof. Bids and offers are matched at the same criteria rate. Each matched bid and offer is assigned at least one derivative at a price derived from the matched criteria. The derivative is centrally cleared.
A system, method, and apparatus for a non-industrialized, sustainable, minimally processed organic dairy industry that provides the highest quality milk and milk derivative products that is end-to-end from ground-to-cow-to-dairy-to-distribution-to-consumer, and centered on low temperature batch or vat pasteurization in which the product is minimally processed, for which product certificates, which include a numerical score and/or a corresponding color code that rank organic, minimally processed products as the high quality. The product certificates can also be applied to non-milk products, such as, but not limited to, meats, fowl, fish, vegetables, nuts, fruits, eggs, etc.
Queries against data sources (such as language-integrated queries to be applied against relational databases) may be prepared for processing by a query processing pipeline. This pipeline performs services including transforming the query into a form more easily applied by the data source, e.g., into SQL, by matching query terms with query operators configured to handle various query operations. Many query processing pipelines include single-item query operators that perform individual operations (e.g., an updating query operator that specifies an updating of individual records of a table.) An integrated query pipeline may be devised that includes both single-item query operators and multiple-item query operators that specify operations on sets of data items. An integrated query processing pipeline may analyze the query to determine whether a single-item or multiple-item operation is specified in order to select an appropriate query operator, which may improve the efficiency and performance of the data source querying.
Techniques are described for securitizing, administrating and trading various index shares securitized by derivative, cash-settled instruments on the underlying index.
A system for monitoring an industrial process, comprising one or more sensors connected to one or more operating components of the industrial process; a remote monitoring station, comprising a computer and a database; and a connection between the one or more sensors and the remote monitoring station, wherein the remote monitoring station is at least about 100-2500 miles away from the industrial process, for example 500-1000 miles.
The disclosed embodiments provide a system that facilitates the maintenance and execution of a software offering. During operation, the system obtains a total revenue associated with the software offering and a set of weight vectors associated with a multidimensional model of the software offering, wherein each of the weight vectors comprises a set of revenue weights. Next, the system calculates a set of component revenues associated with a set of service components and a set of resources used by the software offering by applying the total revenue and the weight vectors to the multidimensional model. Finally, the system uses the component revenues to facilitate management of the software offering.
A data driven and forward looking risk and reward appetite methodology for consumer and small business is described. The methodology includes account level historical data collection for customers associated with accounts as part of a portfolio. The account level historical data is segmented into groups of customers with similar revenues and loss characteristics. Segmented data is decomposed into seasoning, vintage, and cycle effects. Statistical clusters are formed based upon the data and effects. A simulation is applied to the statistical clusters and prediction data is generated. A simulation strategy to forecast and simulate revenue and loss volatility is developed. Efficient frontier curves of risk (e.g., return volatility) and reward (e.g., expected return) are created for the current portfolio under various economic scenarios.
For each market (defined by a pair of origin and destination cities) that the fare is used for travel, the methods calculate its price (both direct and with add-ons) and its estimated or refined price, which includes YQYR fees, among other fees. The methods then select the top routings along with the best fares on each routing and store them in a database. When a user starts a search query, the methods use the aforementioned database to find the best routings. Solutions with minimal pricing are identified, and a list of fares for each routing is prepared for the user.
An application for sharing investment information through social networking websites, such as Facebook.RTM., is disclosed. The application can retrieve investment information from a financial institution via the internet and then select only information that a user wishes to share so sensitive or personal information is removed prior to sharing the investment information. The application can provide access to the investment information through the social networking website by individuals selected by the user. The user can require a fee or other consideration for others prior to providing access to the investment information.
Nuclear reactor systems and methods are described having many unique features tailored to address the special conditions and needs of emerging markets. The fast neutron spectrum nuclear reactor system may include a reactor having a reactor tank. A reactor core may be located within the reactor tank. The reactor core may include a fuel column of metal or cermet fuel using liquid sodium as a heat transfer medium. A pump may circulate the liquid sodium through a heat exchanger. The system may include a balance of plant with no nuclear safety function. The reactor may be modular, and may produce approximately 100 MW.sub.e.
The present invention provides a social risk management system and method capable of analyzing data pertaining to an economic venture, identifying social risks that may be encountered, generating specific prevention and mitigation measures for those hazards, and evaluating the results. In one embodiment, the present invention provides a user-friendly graphic user interface through which users may access the unique functionality of the present invention. In one embodiment, the present invention is capable of utilizing feedback data to generate one or more evaluation reports illustrating the success, or lack thereof, of the implemented prevention/mitigation measures.
The present invention discloses a state-based trading management system and method. Said trading management system divides each product into at least one type of state(s) to trade. There is one trading strategy relative to each state, including: at least one asset allocation module (model) which provides the ratio of each asset class to the state strategy module (model), and at least one state strategy module (model) performing the relative trading strategies in each state. The said asset allocation module (model) allows supervision from the user or the system itself.
A statistical methodology is disclosed to provide time-to-event estimates for oilfield equipment. A method according to the present invention extracts unbiased information from equipment performance data and considers parameters interactions without recourse to data thinning. The analysis explicitly accounts for items of equipment that are still operational at the time of analysis. A method according to the present invention may also be utilized to apply survival analysis to any oilfield equipment components where time-to-event information has been recorded. The method of the present invention allows comparative reckoning between different components present in the system comprising several or many individual components and allows analysis of these components either individually or simultaneously, i.e., in the presence of other components.
In a stock analysis method for performing an analysis on stocks to select target ones to be bought/sold from the stocks, each stock is grouped into a corresponding group based on stock return data thereof, market return data and industry return data of each corresponding classified industry. Clustering data for each stock corresponding to each time interval and associated with the groups is obtained based a clustering mode. Analysis data for each stock corresponding to a coming time interval is estimated based on the corresponding clustering data. Any ones of the stocks, whose analysis data matches predetermined selection criteria, are determined as the target stocks.
A super economical cellular communication system is provided. The system includes a plurality of base transceiver stations that define a plurality of respective cells. Each base transceiver station includes a phased-array antenna having six sectors arranged in a symmetric hexagonal configuration. Each sector has at least one group of vertically-arranged antenna panels, and each antenna panel has a plurality of vertically-arranged radiators disposed in at least two staggered columns.
In accordance with aspects of the disclosure, a system and methods are provided for supply chain finance planning by generating a loan plan with a relatively low interest payment for orders set having collateral related assets while maintaining a working capital reserve at a predetermined threshold. The systems and methods may include retrieving account information for buyers related to the collateral related assets, retrieving lending information for lenders and evaluating interest payment patterns for each lender based on the collateral related assets, generating one or more potential loan schemes for each lender based on accounts receivable patterns for each buyer and the interest payment patterns for each lender, and generating the loan plan with the relatively low interest payment for the orders set having the collateral related assets while maintaining the working capital reserve at the predetermined threshold based on the potential loan schemes for each lender.
A system for an Internet-based retail and investment platform includes a bank application and a retail market platform. All transactions between the bank application and the retail market platform utilize a system specific currency, which is issued by the bank. Customers open bank accounts with funds in the system specific currency and make payments for the purchase of goods and services offered through the retail market platform with the system specific currency. Goods and services are offered at a discounted price by the merchants that subscribe to the retail merchant. The discount is based on the difference between retail price and wholesale price. In return for the discount, the merchants receive access to value-added services. The discounts generate profits that are distributed to the system users as dividends.
Enhanced interoperability (e.g., connectivity, communication, processing, routing, billing, etc.) capabilities are provided through an IP eXchange (IPX) facility that among other things may offer a simple, consolidated, etc. interface mechanism and which may leverage various pools of data to expeditiously process and route a quanta of data (including conventional SMS, MMS, etc. messaging; VoIP and other audio/video data streams; SIP-addressed artifacts; signaling data; voice call data; application data; etc.).
An automated auctioning system includes a customer, a web services register server (such as an Extended Markup Language (XML)-based registry server like an Universal Description, Discovery and Integration (UDDI) registry) and a number of web service providers. Automated auctioning processes of a web service desired by the customer are undertaken between the potential customer and the web service providers. The potential customer issues a bid request, and each web service provider determines whether the value of a bid in response to the bid request is below a value warranted by market demand and issues the bid if the value is higher. The potential customer assesses the bid, creating a bid assessment score. The potential customer performs an iteration on the bid assessment score using a new bid request if the score has improved since a last iteration, while engaging the web service if the score has not improved.
This disclosure concerns systems and methods for classifying at least one contagious phenomenon propagating on a network. Classifying may be based on one or more of a peakedness, a commitment, a commitment by subsequent uses, a commitment by time range, and a dispersion related to engagement with the contagious phenomenon.
A method and system for collaboratively managing risk is presented. In one embodiment the method comprises analyzing a node in a risk network when an output of said node violates a control limit, identifying a cause of said violation of said control limit, creating a mitigation action in response to said node violating said control limit, performing said mitigation action, said mitigation action having an influence on said output of said node, and measuring said output of said node to determine effectiveness of said mitigation action on said node, wherein a program using a processor unit executes one or more of said analyzing, identifying, creating, performing and measuring steps.
Disclosed are a system and a method for accumulating, as funds for individual annuities for each customer, points acquired as a result of goods purchased at participating stores by customers who have concluded contracts to make payments by credit card. A system management computer (1) can communicate with terminals (4) of participating stores and comprises a contract holder information database that stores attributes of contract holders, a participating store information database that stores attributes of the participating stores and participating store point reduction rates, and an annuity-conversion point information database that stores information pertaining to funds for individual saved annuities. The computer also comprises a means for receiving purchase information that includes the IDs of the contract holder who purchased the goods and of the participating store along with the purchase price from a terminal (4) of a participating store, a means for calculating the participating store points by multiplying the purchase price with the point reduction rate for said participating store, and a means for adding said calculated participating store points to the annuity-conversion point total that is stored in the annuity-conversion point information database associated with the ID of said contract holder and updating the annuity-converted point total.
A system and method of payment of an end-user account with a service provider includes a computer system that makes payments to service providers on behalf of end-users and that is operable to exchange information with a terminal at the point of sale or a web-enabled computer system operated by the end-user and with the computer system of the service provider. In one embodiment, the computer system of an intermediary receives a request to make a payment on an end user's account with a service provider. The computer system of the intermediary may communicate with the computer system of the service provider by logging on to the web page of the service provider as the end-user, and entering a universally accepted open system number and the amount of the payment received from the end user's source of funds to effect payment on the end user's account with the service provider. In another preferred embodiment, a payment router together with an issuing/sponsoring bank and a processor, as implemented by their computer systems, facilitate payment transactions in which the router transacts at least thousands of payments for at least hundreds of payors with at least dozens of payees using at least one open system card association network, preferably in a day.
A system comprises a memory operable to store financial data associated with a business entity having a plurality of shares. The business entity may receive, directly or indirectly, income associated with rent or lease of infrastructure assets, the rent or lease paid by a first company to a second company. The system further comprises a processor that is communicatively coupled to the memory and that is operable to determine a value of each share. The processor is further operable to calculate an increase in the value of each share in response to an increase of capital expenditures associated with the infrastructure assets.
A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity.
The invention relates to an improved means for interactive computerized communications having a facilitated capability for order entry and order execution, and providing an enhanced range of trading forms and methods to clients of brokerage firms dealing in financial securities. In particular, the invention relates to a type of interactive computerized system and software program that implements an improved mode of online communication between brokerage firms dealing in financial securities and their retail investors, to result in a more efficient and flexible range in the type of allowable trades, and that provides thereby innovative and strategic advantages to individual investors of brokerage firms, for actively managing financial securities held in trading accounts.
A method, article of manufacture, and computer program product are presented for generating a glide path for a target date fund comprising a growth asset and a reserve asset, where the glide path is a distribution of the growth asset and reserve asset over a time period ending on an end date. The method includes identifying an acceptable risk level for the target date fund and determining, using the identified acceptable risk level, an inflection date. The method further includes calculating a value G(i) that is equal to a percentage of the target date fund comprising the growth asset at the inflection date and calculating a value R(i) that is equal to a percentage of the target date fund comprising the reserve asset at the inflection date. Finally, the method includes determining, using G(i) and R(i), the glide path for the target date fund, where at the end date the reserve asset comprises one hundred percent of the target date fund.
A computer system for processing data related to an annuity product, the annuity product having a contract value and a minimum interest rate, is configured to determine an amount of interest for crediting to the contract value based on the contract value and the value of the interest rate; determine a difference between the current value of an index independent of the value of any financial instrument and the prior period value of the index; based on the determined difference between the current value of the index and the prior period value of the index, determine a value of an additional amount for crediting to the contract value; and, based on the contract value, the amount of interest for crediting and the value of the additional amount for crediting, determine an updated contract value.
The invention includes a method and system to provide a competitive pricing tool so that automobile dealers can more efficiently and effectively price their used vehicles. The system achieves the optimal sales price by obtaining the relevant pricing and mileage of vehicles for sale that are similarly situated to the focus vehicle. Once the information is obtained, the system creates a value ranking for each of the vehicles for sale and for the focus vehicle. The user is then able to revise the focus vehicle pricing to determine the optimal sales price.
A method for offering an asset in a financial environment is provided that includes receiving a request to perform a selected one of a purchasing and a selling operation for a futures contract. The futures contract includes a first asset class having a first value associated therewith and a second asset class having a second value associated therewith. A price for the futures contract is determined at least partially by the first and second values.
A computer system and method evaluates reports financial data pertaining to real estate investments via an investor access portal. The investor access portal may be accessed over the Internet. Real estate investors, having a financial investment in each of a plurality of properties, may review accounts payable and accounts receivable data from each of the plurality of properties, managed by a plurality of property managers. Accounts receivable and accounts payable funds may be managed via the investor access portal, so that funds are centrally received and transmitted, and that data about said transmissions and receptions may be maintained and accessed by real estate investors via the investor access portal. The real estate investors may compare the data against other properties, including those managed by the same property manager, those managed by other property managers, or both, so as to reduce operating and utility costs for the properties.
A system and method for assessing a financial institution's capital risk. The method includes the steps of receiving financial information, processing the financial information to obtain a scenario for capital risk, assigning one of a number of predetermined rating categories to the financial institution according to the scenario, applying one or more secondary filters pertaining to additional risks selected by a state regulator to adjust the assigned rating category, and displaying the scenario and the adjusted rating category on a display device.
Technologies are described herein for providing loyalty-based incentives to existing customers of a business participating in a loyalty-based incentive rewards program. In one aspect, a computer-implemented method for providing loyalty-based incentives is described. The incentive rewards system administering an incentive rewards program determines whether a customer of a business participating in the incentive rewards program is eligible for a loyalty-based incentive redeemable at the business. Upon determining that the customer is eligible for the loyalty-based incentive, a maximum redemption value of the loyalty-based incentive for which the customer is eligible is determined based on a previous transactional activity of the customer with the participating business. Consideration is received in exchange for providing the loyalty-based incentive to the customer and then the customer is provided with the loyalty-based incentive having a redemption value not exceeding the maximum redemption value.
Disclosed herein is a system and method for eliminating or transferring the non-economic risk of financial securities. The system and method serves to avoid non-economic losses in the first instance, and to counter the adverse capital impact of prior non-economic gap losses by providing capital relief consistent with a determined protected amount. A second party provides to a first party a policy covering potential losses in value for a fixed income securities (FIS) Portfolio, particularly losses between an upper attachment value and a lower exit value. The second party provides capital to the first party as a policy security in the event that the aggregate principle payments (APP) of the FIS Portfolio are less than the attachment value and the first party makes a claim under the policy. The first party pledges policyholder security for its future obligation to return all or a portion of the policy security should no claims arise under the policy or if the policy security exceeds the amount sought by any claims. The policyholder security may be the FIS Portfolio or other agreed upon assets, or some combination thereof.
Computer systems and methods enable an individual to import information related to real property units under consideration for purchase from a list of available real property units available for sale and to compare the real property units. The computer system calculates flip and rental based income for the imported real property units under consideration for purchase and displays for comparison the real property units available for-sale or for-rent. The system further allows the individual to load the information relating to selected real property units for purchase or for rent into a simulator to predict future financial performance of the real property units. The computer based methods and systems also represent each real property unit available for sale and/or for rent by a pixel on a geographic map, and calculates and displays heat maps for each of the real property unit that use a plurality of colors to signify the value of a parameter (e.g., rental value, sale price, or expected monthly profit) at various points in a spectrum on the geographic map include the real property unit. The \"heat map\" helps guide the user to the identify real property units with higher rental value and expected monthly profits, and lower housing prices. In addition, the systems and methods identify anomaly real property units that have prices and/or rental values that do not comport with a surrounding region in a given area or a heat map.
This invention relates to an expense reporting system for viewing and manipulating a user's financial transaction data and a method for associating financial transaction data with a user's project data. The system includes a user's financial transaction data hosted in a data storage unit, addressable on a network, and accessible by a remote user on a user interface unit having a user input means and a display; and an expense reporting module having a graphical user interface (GUI) that allows a user to define project category data and associate representations of the user's financial data with the user-defined project category data.
In an automated leads-and-bids exchange system, bid profiles are defined to describe desires of lead buyers. Received leads are matched to active ones of the bid profiles whose specifications the leads substantially match. An auctioning subsystem finds the highest one or group of bids for each given lead. A quality rating database rates the quality of leads provided by different sellers. A price discounting engine discounts the amount paid to sellers who are rated as inferior sources of leads.
A system includes an optical splitter that may receive an optical signal containing trading information from over an exchange network. The optical splitter may split the optical signal at a physical layer into a plurality of signals and transmit the plurality of signals toward a plurality of hosts at a customer end, which may execute transactions using the trading information.
According to one embodiment of the invention, an integrated circuit device at least one compute engine and a control unit. Coupled to the compute engine(s), the control unit is adapted to dynamically control an energy-efficient operating setting of at least one power management parameter for the integrated circuit device after execution of Basic Input/Output System (BIOS) has already completed
Methods and systems for determining respective intrinsic values associated with a plurality of entities corresponding to respective securities, wherein the respective intrinsic values are determined based upon estimates relating to future growth or future profitability for each respective entity and further weighting the securities in an investment index, wherein the securities are weighted based at least in part upon the respective intrinsic values.
The present disclosure is directed to methods and systems for determining competitive market values for an ad impression on an advertiser exchange. An engine executing on a device may receive a candidate set of inputs associated with ad impressions. The engine may determine competitive market values for an ad impression on an advertiser exchange. The engine may determine candidate clearing prices based on the candidate set of inputs and history of clearing prices on the advertiser exchange. The engine may generate, based on the candidate clearing prices, a competitive market value prediction for the ad impression on the advertiser exchange. The competitive market value prediction may comprise a distribution function of predicted clearing prices on the advertiser exchange. The engine may generate, based on the competitive market value prediction, a fair market value bid for the ad impression in the context of a specific ad campaign.
An investment strategy determines changes of a value of an asset portfolio over the time of a study period. For each of the incremental periods of the study period, an exemplary embodiment retrieves from a memory a base parameter value for the incremental period, wherein the base parameter value corresponds to one of a base inflation value, a base asset return value, and a base tax value; determines a first iteration parameter value based upon a statistical function associated with the base parameter value; and determines a value of an asset portfolio based upon the first iteration parameter value and the second iteration parameter value. A financial report is generated based upon the determined value of the asset portfolio for each of the incremental periods, wherein the generated financial report indicates changes of the value of the asset portfolio over the study period.
System comprising a set of interconnected processors for managing the delivery of financial advisory services. In one embodiment, the system manages activities and workflows for a plurality of clients over a financial planning period. The financial planning period may comprise a calendar year, which may be divided into distinct seasonal portions, each with a predetermined, specific focus on a financial topic or grouping of topics. Workflow of the firm may be controlled by utilizing a plurality of processors to automate workflow handling. A first processor is used for individual client scheduling, a second processor aggregates the appointments, calculates utilization metrics based thereon, and a third processor generates reports, providing feedback to modulate input into the first processor.
In accordance with one or more embodiments of the present disclosure, a system and method for facilitating electronic commerce over a network includes communicating with a user via a user device and a merchant via a merchant device over the network, receiving a purchase request from the user via the user device over the network, determining tax parameters for the purchase request based on information related to the location of the user, the location of the merchant, and the type of item requested for purchase in the purchase request, automatically calculating tax for the purchase request based on the tax parameters, processing the purchase request, and storing transaction information related to the processed purchase transaction including tax information.
Computerized systems and methods for marketing a business or company on the Internet and for optimizing and improving the business's or company's visibility on search results pages of conventional Internet search engines. The system and method including modules configured to allow the business or company to create an Engagement Site, create and send electronic communications to customers and prospective customers, and publish and store electronic communications on the Engagement Site.
The systems and methods described herein can identify meaningful relationships between variables, such as particular investments or general asset classes. Unlike conventional correlation analysis, these systems and methods provide an improved technique of comovement analysis that implements a threshold to eliminate data \"noise\" and then discretizes the remaining observations to normalize any outliers. Such comovement analysis has numerous advantages over known techniques for characterizing relationships between variables. In some embodiments, this improved comovement analysis can be used to calculate a covariance matrix for purposes of mean-variance optimized portfolio construction.
A system and method to provide a universal loyalty currency, facilitate exchange of loyalty benefits, and allow payments using loyalty benefits. A method includes: receiving registration information to associate account information of a payment account with at least one loyalty account to enable conversion of first loyalty benefits to second loyalty benefits; receiving, for a transaction, an authorization request identifying the account information and requesting the use of the second loyalty benefits to fund at least a portion of the transaction; and processing the transaction using the second benefits converted from the first loyalty benefits hosted in the loyalty account and funds from the payment account.
A computing apparatus is configured to quantify consumer sentiment at an aggregated or micro level using transaction data that records the transactions processed by a transaction handler of a payment system. A quantification model is generated based on correlating transaction data with respective emotional content indices extracted from data sources, such as regional news, weather, stock markets, movie themes, local sports, employment, traffic conditions, etc. Using the quantification model, consumer sentiment can be evaluated at various granularity levels, based on the granularity of the user group and the time period of the transaction data used in the quantification model.
A computer implemented method and system for verifying tax liability and tax deductions reported by taxable entities. A tax monitoring platform comprising a database management system dynamically generates one or more tax forms specific to each taxable entity based on characteristic information of the taxable entities. The tax monitoring platform acquires tax information filled into the tax forms by the taxable entities via a user interface, extracts tax elements from the tax information, and transforms the tax elements to conform to a predetermined template. The tax monitoring platform determines an association between a first taxable entity and a second taxable entity based on the tax elements of each of the taxable entities, and compares the tax elements of the first taxable entity with the tax elements of the second taxable entity based on the association using the database management system, for determining the accuracy of reporting of tax information.
A vehicle tire inflation system includes an air supply source in fluid communication with multiple tires of the vehicle. A pneumatic conduit extends between and is in fluid communication with the air supply source and the tires. Means are fluidly connected to the pneumatic conduit for enabling selective inflation and deflation of the tires. The means include a first pneumatic circuit for inflation of the tires, and a second pneumatic circuit for deflation of the tires. The second pneumatic circuit is discrete from the first pneumatic circuit and is common to more than one of the tires. The means provides controlled deflation of the tires in the second pneumatic circuit based upon a predetermined condition, preventing deflation of the tires until the vehicle is parked, or limiting the deflation of the tires, which in turn enables the tire inflation system to accommodate a desirable increased pressure in the tires.
The UNIVERSAL VALUE EXCHANGE APPARATUSES, METHODS AND SYSTEMS (\"UVE\") transform cross-ecosystem currency exchange instructions via UVE components into cross-ecosystem currency exchanges. In one embodiment, the UVE may obtain a cross-ecosystem currency exchange instruction and determine one or more sources and destinations based on parsing the cross-ecosystem currency exchange instruction. The UVE may identify currency types associated with the sources and the destinations and determine exchange rates of the currency types relative to a standard currency. In one implementation, the UVE may obtain currency exchange restrictions and conditions associated with the sources and the destinations and generate a currency exchange flow path for currency transfer from the sources to the destinations. The UVE may also issue currency transfer requests to the sources and the destinations, determine that the cross-ecosystem currency exchange has been completed and provide a notification of completion of the cross-ecosystem currency exchange.
Software optimization method, which uses Structures/Statistics, results in a product of an optimal operating cost and benefit to the end-user.
A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader.
A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various metrics. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio, and equal weighting weighted indexes. Valuation indifferent indexes avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted.
Commercial size of spending wallet (\"CSoSW\") is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (\"CSoW\") is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Research analysts can use CSoW/CSoSW to provide a comprehensive and robust indication of the business prospects of a rated company.
A system for creating and providing clothing and accessories for avatars, including within a virtual marketplace is disclosed. The system includes computer programming resident on at least one networked server, wherein the computer programming provides a creation tool and an online marketplace having at least one virtual storefront. A user access to the online marketplace includes a user-directed, computer programmable avatar, and further includes a computing device communicatively connected to the at least one networked server.
Enhanced processes, methods, tools, strategies, and techniques are provided for more effectively and efficiently processing, managing, analyzing, and communicating wealth related data and other financial information within a computing environment. In various embodiments, the analysis tools provided herein have been designed to correspond visually with a mental model employed by many clients in managing their wealth.
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