Janat Horn Phones & Addresses
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306 Bay Ridge Pkwy, Brooklyn, NY 11209 (718) 630-5817
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60 73Rd St, Brooklyn, NY 11209 (718) 630-5817
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306 Bay Ridge Pkwy #3, Brooklyn, NY 11209 (718) 630-2757
Work
Position:
Service Occupations
Education
Degree:
Graduate or professional degree
Publications
Us Patents
System And Method For Facilitating Securites Borrowing Transactions
View pageUS Patent:
20030120581, Jun 26, 2003
Filed:
Dec 20, 2001
Appl. No.:
10/026747
Inventors:
Janat Horn - Brooklyn NY, US
Edward Vakhovsky - Brooklyn NY, US
Irina Nesterovich - Fair Lawn NJ, US
Amiran Margalitachvili - Bronx NY, US
Edward Vakhovsky - Brooklyn NY, US
Irina Nesterovich - Fair Lawn NJ, US
Amiran Margalitachvili - Bronx NY, US
International Classification:
G06F017/60
US Classification:
705/037000
Abstract:
The present invention discloses a system and method for facilitating securities borrowing transactions. A securities borrow request is securely transmitted over a network from a first computer to a server computer. The server computer evaluates the request based upon stored criteria data, including availability data associated with the requested securities, to attempt to generate an approval determination. The status of the approval determination is transmitted to the first computer. If no approval determination can be generated based upon the evaluation, the server computer transmits the request to a second computer, where a manual approval determination is made, entered into the second computer, and transmitted to the first computer. The availability data is updated to reflect any decrease in securities availability resulting from any approved borrow request.