CN105900126A

CN105900126A - Securities lending device and method of operation thereof

Info

Publication number: CN105900126A
Application number: CN201480071564.2A
Authority: CN
Inventors: 具珉秀; 吴哲浩; 金东柱
Original assignee: Individual
Current assignee: Individual
Priority date: 2013-12-31
Filing date: 2014-06-30
Publication date: 2016-08-24
Also published as: JP2017504891A; WO2015102184A1; JP6419192B2

Abstract

The invention discloses a security lending device and an operation method thereof according to an embodiment. The security lending device is used for mediating the loan of securities between the 1 st user and the 2 nd user, and comprises: an account information database including information on the assets of the 1 st and 2 nd users that can be managed in an account representation and attribute information as a guarantee right or an agreement about whether a local limit of the asset included in the account is set or not; an interface module for receiving a loan application from said 2 nd user regarding a predetermined asset, said loan application including information regarding the asset said 2 nd user applied for loan and information regarding a secured asset provided as a security for the loan of the security by said 2 nd user-; a loan processing module that sets at least a part of assets included in the account of the 1 st user as loanable assets, and loans the assets corresponding to the loan application among the loanable assets to the 2 nd user; and a security right management module for setting a point limit on the security asset of the 2 nd user with reference to the account information database of the 2 nd user, and indicating a setting of a security right for the security asset.

Description

Securities lending device and How It Works thereof

Technical field

The present invention relates to securities lending device and How It Works thereof, relate to one in more detail and improve security by security right The security of debt-credit and the technology of efficiency.

Background technology

What marketable securities debt-credit transaction referred to marketable securities holds the creditor such as office or individual client as market investment A kind of method of strategy, lends the friendship of security to the borrower needing marketable securities with the condition of repayment after certain time limit Easily.Loan market can be participated in by these type of marketable securities medium-term and long-term investor holding marketable securities of debt-credit transaction and Obtain the add on yield (such as, the debt-credit service charge lent) for holding stock, by borrowing in the position of borrower Required marketable securities, it is possible to cheap and expense carries out various investment strategy.

The debt-credit transaction of these type of marketable securities is diffused as rapidly one of new financial transaction instrument after the 1970's.That is, The securities lending transaction at initial stage is mainly used in the clearing of bargain transaction or supplementing because of the not enough part of the clearing of short sales, but, The increase of the arbitrage deal of the nearly development along with derived products such as present selection, subscription of shares certificates, and play connection and spread out The lubricating oil effect of article of manufacture and spot market obtains large development.

But, the debt-credit transaction of above-mentioned marketable securities can improve creditor and borrower's interests each other, but, If borrower cannot repay marketable securities, there is the danger bringing unpredictable infringement to creditor.Therefore, The security of the efficiency of debt-credit transaction are improved while needing a kind of security that can improve debt-credit transaction to creditor Debt-credit technology.

Summary of the invention

Technical problem

The present invention is to solve described problem, a kind of secured assets provided borrower is provided and sets security right and allow Security right is performed, thus, it is possible to improve security and the efficiency of securities lending of securities lending transaction by intermediary Securities lending technology.

The means of solution problem

According to one embodiment of the invention, disclose a kind of for the securities lending between the 1st user and the 2nd user Play the securities lending device of intermediation, including account information database, including about can with account represent into Line pipe reason described 1st user and described 2nd user assets information and as security right or the content of agreement The setting whether attribute information limited about the punishment of the assets being included in described account；Interface module, from described 2 users receive about set assets borrow application-described in borrow application and include about described 2nd user Shen The letter of the secured assets that the information of the assets that please borrow and described 2nd user provide as guarantee for securities lending Breath-；Debt-credit processing module, be included in the account of described 1st user assets be set as at least partially can The assets of debt-credit, and with described borrowing, described lendable assets will apply for that corresponding assets are to described 2nd user Debt-credit processes；And security right management module, with reference to the account information database of described 2nd user, the described 2nd Set punishment on the described secured assets of user to limit, and described secured assets is represented to the setting of security right.

The one of the present invention, according to embodiment, discloses the securities lending between a kind of intermediary the 1st user and the 2nd user The How It Works of securities lending device.Described method, comprises the steps: the account described 1st user In the step being set as borrowing or lending money assets at least partially of assets that comprises；Receive for both from described 2nd user The step borrowing application of fixed assets-described in borrow application and include applying for, about by described 2nd user, the money borrowed The information of the secured assets that the information produced and described 2nd user provide as guarantee for securities lending；Borrow described The step that the assets of application process is borrowed to described 2nd user's debt-credit described in the assets borrowed correspond to；And with reference to institute State the described account information database of the 2nd user, the described secured assets of described 2nd user sets punishment Limit, and represent the step of the setting of the security right for described secured assets, and, described account information database The setting that the punishment of the assets comprised in described account including the content as security right or agreement limits whether genus Property information.

The one of the present invention is according to embodiment, it is provided that the journey of a kind of How It Works recording promising execution securities lending device The computer-readable recording medium of sequence.

The effect of invention

According to the present invention, the assets that borrower provides for securities lending set security right, and allows intermediary Perform the security right of the secured assets about borrower, and the security of securities lending can be improved.

Further, according to the present invention, it also is able to lend to borrower for setting the assets of security right, and improves security and borrow The efficiency borrowed.

Further, according to the present invention so that borrower allows the secured assets to providing to take disciplinary action, and allows borrower Property freely movable, and this is added certain restriction, thereby, it is possible to provide efficiency and the peace of securities lending Quan Xing.

Accompanying drawing explanation

So that fully understand the accompanying drawing for quoting in the detailed description of the present invention.The simple of each accompanying drawing is provided Explanation.

Fig. 1 represents the securities lending system according to one embodiment of the invention；

Fig. 2 represents securities lending system according to additional embodiments of the invention；

Fig. 3 represents the securities lending device according to one embodiment of the invention；

Fig. 4 example is according to the account information database of one embodiment of the invention；

Fig. 5 example is according to the loan pond of one embodiment of the invention；

Fig. 6 example is according to the How It Works of the securities lending device of one embodiment of the invention；

Fig. 7 example is according to the How It Works of the securities lending device of one embodiment of the invention；

Fig. 8 example is according to the How It Works of the securities lending device of one embodiment of the invention；

Fig. 9 example is according to the How It Works of the securities lending device of one embodiment of the invention.

Detailed description of the invention

Hereinafter, with reference to the accompanying drawings of according to embodiments of the invention.Further, when the present invention is described, if it is determined that relevant Known composition or the detailed description of function when obscuring idea of the invention, then omit detail explanation.

Further, will be discussed below embodiments of the invention, but the technological thought of the present invention is not limited to this, this The technical staff in bright field can carry out various change and implement.

In entire description, some part " is connected " with other parts, refers not only to " being directly connected " Situation, situation about " indirectly connecting " across other element between being also included within wherein.In entire description, certain When one part " comprises " certain inscape, refer to as long as no the most contrary record, and other structures non-excluded Become key element, but may also include other inscapes.

Fig. 1 represents the securities lending system according to one embodiment of the invention.

Securities lending system (100), including: the 1st user's terminal (110), the 2nd user's terminal (120) and security Debt-credit trading server (130).Here, terminal (terminal) is censured for inputting to computer or computer system or representing The electronic hardware of data, server (server) is to censure for processing wanting from client computer in a network environment The computer asked.

Hereinafter, the 1st user's terminal (110) on line, the 2nd user's terminal (120) and securities lending clothes are described Securities lending program between business device (130).It can be carried out in securities lending system on rolling off the production line in an identical manner, The present invention include rolling off the production line on securities lending method.In Fig. 1 as be used for performing assembly of the invention illustrate terminal, Servers etc., it is exemplary, can use various computer apparatus according to applicable embodiments of the invention.Such as, no Use user's terminal, and utilize user's server, and use can be with the interface journey of securities lending server communication Sequence is instead of using person's terminal.Simply, simple in order to illustrate, with the 1st user's terminal (110) illustrated in FIG, 2nd user's terminal (120), securities lending server (130) are technology and the thought of the object description present invention.

1st user's terminal (110) and the 2nd user's terminal (120) refer to assets account (such as, securities account, Bank account etc.) assets that prestore assets everyone be the terminal of user.The assets prestored at this are can be with account Represent the assets of all of management.Such as, assets include marketable securities (such as, stock, bond, revenue securities, ELS etc.), Deposit received, derived product (such as, Gift Options etc.), deposit, savings property assets, ELF etc. various At least one in financial products.Further, assets are the assets directly managed with other registration order or login sequence, It is the right that occurs of order based on registration/log in, including can be by the assets of account management.

In the present invention, assets can be divided into agreement assets and non-agreement assets.Agreement assets be based on party between Agreement (such as, consumer credit agreement etc.) and the assets that formed, based on certain condition, period etc., exist mutually Between clearance obligation.Assets include such as, present agreement, option agreement, deposit, save, Deposit received etc.. Non-agreement assets are the non-assets belonging to assets, there is not the clearance obligation between party.Non-agreement assets bag Include such as, stock etc..

In the present invention, the 1st user's terminal (110) and the 2nd user's terminal (120) are the parties of securities lending, In more detail, the 1st user is equivalent to the creditor of securities lending, and the 2nd user is equivalent to borrowing of securities lending Person.According to embodiment, carry out the direct securities lending between the 1st user and the 2nd user, by securities lending Server (130) manages and does not carry out direct security between this type of securities lending, or the 1st user and the 2nd user Debt-credit, each user carries out complete securities lending by the transaction of securities lending server (130).

Securities lending server (130) refers to the service that the intermediary (or custodian) of securities lending runs directly, indirectly Device, here, intermediary occupies the assets of user directly, indirectly, including the pipe with the assets for user The reason individual of authority or office such as, security society, bank, deposit bank, finance company, insurance company etc..

Securities lending server (130) is for the securities lending between intermediary the 1st user and the 2nd user, and respectively Individual user signs as the rendezvous protocol of securities trading, according to embodiment, carry out the 1st user and the 2nd user it Between direct securities lending, securities lending server (130) manage this type of securities lending, or the 1st user and Not carrying out direct securities lending between 2nd user, each user can be by securities lending server (130) Conclude the business and carry out complete securities lending.In detail, the 1st user can be held by securities lending server (130) Assets are set as lendable assets, and borrow application according to the 2nd user, will be set as that lendable money is to 2 user's debt-credits can obtain income by the debt-credit of assets by above-mentioned securities lending, the 1st user, and the 2nd makes User can replace paying set service charge etc. and borrow or lend money assets, intermediary then intermediary the 1st user and the 2nd user Between debt-credit transaction, and obtain set income.

Simply, when the Base day of the right about securities lending arrives, the 2nd user can be by debt-credit assets to the 1st User repays and terminates securities lending, but, the 2nd user can occur such as, because the reasons such as assets deficiency cannot be repaid Situation also.Thus, in the present invention, the 2nd user is as the guarantee of securities lending, it is possible to provide the assets of self are (i.e., Secured assets), and, securities lending server (130) sets the security right of the secured assets about the 2nd user, And guarantee the security of securities lending.Especially, the 2nd user secured assets set security right can with except the 1st The intermediary of the securities lending outside user is relevant.In one example, the 1st user and intermediary carry on a shoulder pole the most jointly Protect power and set security right.Now, if the 2nd user cannot repay, securities lending server (130) for The secured assets of the 2nd user performs security right as 1 people in finishing mortgage power people, is distributed to by secured assets 1st user.In one example, artificial for intermediary security right people (that is, independent security right people) is set security right (i.e. Individually security right), the security right for intermediary sets security right (i.e. Pignus pignoris with the 1st user for security right people again Power).Now, if the 2nd user cannot repay, it is right that stock brokerage services device (130) performs as security right people The security right that the secured assets of the 2nd user sets, and secured assets is distributed to the 1st user.

As described above, in the present invention, the securities lending between securities lending server (130) intermediary user, for The secured assets that user provides is weighed people as independent security right people or finishing mortgage and is set security right, and can be by card Certificate lending server (130) carries out the execution (or punishment) of secured assets, in order to the of finishing mortgage power people or pawnee 1 user distributes secured assets, thus, it is possible to improve mobility and the security of securities lending simultaneously.

In Fig. 1 although not shown, securities lending system (100) may also include just authority server.The service of just office Device is to be able to carry out the server that the office of just post runs directly, indirectly, here, perform just post Office include, such as, law works legal person, law works legal person (limited), law works combination, obtain the legal person etc. of just accreditation. According to embodiment, the assets of user can set security right, and the intermediary of securities lending is to occupy and/or manage use The interested party of the assets of person, is equivalent to approve that the security right to assets sets or promises what security right set energetically Party.Thus, the intermediary of securities lending is as the interested party of the promise authority with security right setting, right In there being the content application hanging security right setting promise to determine that the date logs in, and, from having the notice power that security right sets The user of limit appoints security right to set true notice authority, and the content application relevant security right being set to notice is true Fix the date login.Just authority server receives security right from securities lending server (130) and sets the fact, and root occurs The resistance of the security right of promise or security right setting notice is set according to security right.

In one embodiment, the security right that the secured assets that the 2nd user provides sets is set punishment and limits, and limits Make by the punishment of the 2nd user, maybe can pass through the agreement of party (the i.e. the 1st user, the 2nd user and intermediary) (or agreement) carries out the punishment of the 2nd user.Agreement described above can be censured in the present invention and be assisted into punishment limitation management View.In more detail, the assets setting security right the most do not allow any act of disposition.It is to ensure security right people Status.But, when above-mentioned assets set the punishment limitation management agreement according to the present invention, it is allowed to used by the 2nd The punishment of the assets of person.Such as, when the marketable securities of setting security right are sold, marketable securities are destroyed, and occur Sell the signature amount of money and sell the signature advance receipt discounted of the amount of money, and according to punishment limitation management agreement make described in go out Sell the signature amount of money and the effect of advance receipt generation security right, and do not allow according to the marketable securities purchase selling the signature amount of money And the payment of advance receipt, transfer accounts, purchase according to the marketable securities of Deposit received.

As described above, the punishment limitation management agreement of the present invention, it is possible to perform the to the assets for setting security right The punishment of 2 users, and add certain restriction to described punishment, and the 1st user (and intermediary) can be ensured The status of security right people.Fig. 2 represents securities lending system according to additional embodiments of the invention.

Fig. 2 represents securities lending according to additional embodiments of the invention.

Composition identical in Fig. 1 and Fig. 2 is to censure identical term and reference numeral.

The explanation of repetition omitted below, only describes the discrepancy between two embodiments.

3rd user's terminal (140) refers to be equivalent to the security right of the security right of setting in the assets of the 1st user The terminal of the user of people.In the assets i.e. comprised in the account of the 1st user is with the 3rd at least partially User is set the secured assets of security right as security right people, also can root for this type of secured assets in the present invention According to the application of the 1st user, it is set as lendable assets.

Simply, in order to ensure the security of the security right of the 3rd user, securities lending server (130) substitutes and releases On secured assets set security right and to the 2nd user debt-credit, and by the 2nd user provide secured assets Security right association the 3rd user of upper setting.In more detail, securities lending server (130) is for the 2nd user Secured assets with the 1st user and intermediary artificial finishing mortgage power people and set security right, meanwhile, described load Protect security right (the i.e. Pignus pignoris being security right people for the security right section sets of the 1st user with the 3rd user in power Power).Now, if the 2nd user cannot repay, securities lending server (130) is as the load the 2nd user 1 people in the finishing mortgage power people of the security right protecting the 1st user set in assets performs security right, and will guarantee The 1st user and the 3rd user are given in asset allocation.In one embodiment, securities lending server (130) is because performing Security right and by least some of only when the 1st user distributes in the secured assets of the 2nd user, for the 1st The additional security right set with the 3rd user as security right people of assets of user's distribution.

Further, the Pignus pignoris that the 3rd user can perform the security right for the 1st user as pawnee is weighed.Now, The secured assets performing to provide to the 2nd user that the Pignus pignoris of the 3rd user can be weighed by securities lending server (130) Represent.In more detail, the security right of the 1st user of the secured assets that deletion provides for the 2nd user, and weigh New settings security right makes the 3rd user and the 1st user together become finishing mortgage power people.Thus, with the 2nd The securities lending of user is not by any image, and can guarantee the assets for being repaid by the 2nd user safely The status of the 3rd user.

In Fig. 1 or Fig. 2, the 1st user's terminal (110), the 2nd user's terminal (120), securities lending server (130) Or the 3rd user's terminal (140) represent with single assembly respectively, but, integration can be at least two according to embodiment An individual or assembly.Such as, securities lending server (130) and the 3rd user's terminal (140) are individually to be constituted table Show, but, can integration be a composition according to embodiment.

Fig. 3 represents the securities lending device according to one embodiment of the invention.

Securities lending device (300) be for intermediary the 1st user (i.e. creditor) and the 2nd user (i.e. borrower) it Between securities lending, in order to implement the present invention, can be utilized by the intermediary (or manager) of securities lending, such as, Embody with the computer apparatus such as server, terminal.

Securities lending device (300) can include interface module (310)；Debt-credit processing module (320)；Security right management module (330)；Account information database (340) and determine date login module (350).

Interface module (310) can with user, securities lending device (300) manager at least one communication.More In detail, interface module (310) receive from the 1st user the assets that comprise account for the 1st user to At least part of loan application.Here, described loan application includes the information of the assets that the 1st user is to be borrowed or lent money, have The information closing assets is for specific 1st user assets to be borrowed or lent money, such as, when assets are set marketable securities, The kind of marketable securities and the information of quantity can be included.In one embodiment, the assets that the 1st user is to be borrowed or lent money are with When 3 users set security right for security right people, the information about assets may also include the information about security right, This, is about the information of security right, it may include such as, about the information of security right people that is the 3rd user, relevant security The agreement of the 3rd user of debt-credit whether information etc..

Further, interface module (310) receives from the 2nd user and borrows application.Borrow application described in here, to include Closing the information of assets that the 2nd user's application borrows and relevant 2nd user provides as guarantee for securities lending The information of secured assets, be for specific 2nd user assets to be borrowed about the information of assets, such as, as Really assets are set marketable securities, it may include about kind and the quantity of marketable securities.

Further, interface module (310) transmits secured assets application signal to the 2nd user.Here, secured assets Shen Please signal be to effectively maintain securities lending to apply for that (such as, additionally) tenders guarantee assets to the 2nd user Signal.The transmission of secured assets application signal as above, such as, is judged by debt-credit processing module (320) When secured assets is non-effective, perform before terminating securities lending.

Further, interface module (310) is received security right by the 3rd user and performs signal (or Pignus pignoris power performs signal).? This, security right execution signal is performed for the security right of the 3rd user of the security right about the 1st user (i.e. Pignus pignoris weigh) signal, including the object becoming execution security right, application security right perform or relevant agree to security right At least one in the information of the security right people performed.Information about security right is in order to by other security right inherently Specific described security right, including such as, about guaranty, security right people, by liabilities for guarantee (or indemnity bond) etc. Information.According to embodiment, security right perform the origin of an incident that signal includes performing about security right or according to information.According to Embodiment, performs the reception of signal by the security right of interface module (310), because of occur loan receivable (or account due), The reason of remargin etc., during security right to be performed (when needing clearance), including internal from securities lending device (300) The security right generated performs the reception of signal.

Further, interface module (310) receives sub-signal at secured assets from the 2nd user.Sub-signal at secured assets It is secured assets to be taken disciplinary action and makes collateral warranty assets generate the signal of new secured assets, it may for example comprise have valency to demonstrate,prove The selling signal of certificate, utilize marketable securities purchase signal, the clearance signal etc. of agreement of Deposit received.Here, guarantee At assets sub-signal include the assets for the specific object becoming punishment information, about punishment condition information, and And, about the information of punishment condition, including such as, when selling marketable securities, including the sale price about marketable securities The information of lattice, sales volume etc..According to embodiment, by the punishment of sub-signal at secured assets, use for the 2nd A whole and part for the secured assets of person is carried out.

Received by the described signal of interface module (310) and carried out by user's terminal, manager terminal etc., or logical Cross the wired or suggestion of agency's access reception administration behaviour and perform.Further, described signal receives and is filled by securities lending The manager putting (300) performs.

Debt-credit processing module (320) can be included in the account of the 1st user according to the loan application of the 1st user Assets be set as lendable assets at least partially.According to embodiment, the 1st user can be more than one, from And, debt-credit processing module (320) can be by the composition of assets loan pond of at least one the 1st user.Here, loan pond Refer to by the 1st i.e. creditor of user and intermediary (or manager of securities lending device (300)) securities lending The total collection of lendable assets that agreement is signed and can be borrowed or lent money.

Further, debt-credit processing module (320) can borrow application according to the 2nd user, will with in lendable assets The assets borrowing application corresponding process to the 2nd user's debt-credit.If lendable assets set security right, debt-credit Processing module (320) is releasing after the punishment restriction that lendable assets set by security right management module (330), Lendable money is borrowed or lent money to the 2nd user, and performs debt-credit and process.

Further, debt-credit processing module (320) debt-credit process after, the securities lending of the assets about being processed by debt-credit When the Base day of the right of transaction expires, the assets of the account being included in the 2nd user need because of securities lending transaction The assets repaid perform repayment to the 1st user's debt-credit.

Further, the value of the secured assets that the 2nd user is provided by processing module (320) is borrowed or lent money and by the 2nd user The value of the assets that application is borrowed compares, it is judged that the suitability borrowing application of the 2nd user.Such as, by 2 users as the value of secured assets that guarantee provides be the assets that application is borrowed be more than set ratio Time, debt-credit processing module (320) judges that borrowing of the 2nd user is applied for as legal, and performs debt-credit and process.Phase Instead, above-mentioned judged result, borrow and apply for that according to embodiment, debt-credit processing module (320) is refused for time illegal 2nd user borrows application all, or judges only to assert the legal part borrowing application according to secured assets For legal, and it performed debt-credit and processes.

Further, debt-credit processing module (320) by the value of the secured assets provided by the 2nd user and uses to the 2nd The value of the debt-credit assets that person's debt-credit processes compares, it is judged that the validity of secured assets.By debt-credit processing module (320) this type of judges periodically and/or aperiodically performs, and such as, routinely performs.By the 2nd user As guarantee provide secured assets represent can according to the time through its be worth or value can change, if guarantee money When the value produced is more than set ratio for debt-credit assets, debt-credit processing module (320) judges that secured assets is as having Effect, and routinely maintain securities lending.On the contrary, the ratio that the value of secured assets is unvested for borrowing or lending money assets Time more than rate, debt-credit processing module (320) then judges that secured assets is non-effective, and terminates securities lending.As above The end of described securities lending can be with the return of debt-credit assets and/or the execution of security right.I.e. borrow or lend money processing module (320) for terminate securities lending return debt-credit assets from the 2nd user to the 1st user.Now, debt-credit assets Fail to act return at least partially, security right management module (330) is that the 1st user performs security right, will guarantee Assets are distributed to the 1st user.According to embodiment, the end of described securities lending can be additionally with by interface mould The transmission of the secured assets application signal of block (310).I.e. judge that secured assets is non-to have by debt-credit processing module (320) During effect, interface module (310) transmits the secured assets application signal that need to add assets of tendering guarantee to the 2nd user, Further, the transmission of the signal that response is above-mentioned and when the 2nd user receives secured assets, debt-credit processing module (320) is again The validity of secondary judgement secured assets.

Security right management module (330) limits for the assets setting punishment of user in account information database (340), Thus, limit the act of disposition by user, or release the punishment restriction being set in assets, thus, it is allowed to pass through The act of disposition of user.Setting and setting that this type of punishment of security right management module (330) limits release and represent load Protect setting and the releasing of power.

In detail, security right management module (330) is with reference to the account information database (340) of the 2nd user, by the 2nd User sets punishment for the secured assets that securities lending provides and limits, and represents setting of the security right for secured assets Fixed.Now, the security right set as i) for the secured assets of the 2nd user by the 1st user and securities lending The security right of intermediary artificial finishing mortgage power people, or ii) secured assets of the 2nd user is artificially assured with intermediary The security right of power people and the security right being security right people (i.e. pawnee) with the 1st user for the security right of intermediary (i.e. Pignus pignoris power).

Further, security right management module (330) can refer to the account information database (340) of the 2nd user and release right The punishment set in the secured assets of the 2nd user limits.It is to i) represent by debt-credit processing module (320) And when completing the repayment of securities lending, release the releasing of the security right of the secured assets for the 2nd user, or ii) Punishment restriction is released for secured assets is temporary transient according to punishment limitation management agreement.

According to punishment limitation management agreement, when releasing punishment restriction for secured assets, security right management module (330) Can together perform the act of disposition for secured assets.The act of disposition described above is by such as, stock exchange, clear Calculate institute etc. to carry out.Further, the act of disposition performed between predetermined effective time, here, predetermined effective time is directed to Concluding the business apllied purchase or sale predetermined tool virtuous time, such as, this type of predetermined effective time is from the morning 8 to 6 pm.According to embodiment, according to punishment limitation management agreement, punishment limit is being released for secured assets Before system, security right management module (330) also comprises determining whether to set place for the secured assets of the 2nd user Divide the step of limitation management agreement.In detail, described judgement performs by the following method: security right management module (330) Judge whether with reference to the account information database (340) of the 2nd user the secured assets of the 2nd user is set Punishment limitation management agreement.

Further, security right management module (330) if should by debt-credit processing module (320) assets to be repaid extremely When a few part is not repaid, perform security right and weigh people or independent security right people to as the finishing mortgage for secured assets The 1st user for finishing mortgage power people or pawnee distributes secured assets.In detail, security right management module (330) Account information database (340) with reference to the 2nd user releases the punishment set on the secured assets of the 2nd user Limit, and secured assets will distribute to the 1st user at least partially, and perform security right.Described distribution is led to Cross following method to perform: at least some of in secured assets directly borrowed or lent money to the 1st user, maybe by sales guarantee At least some of in assets and that occur Deposit received is transferred accounts to the 1st user.Assets to the 1st user's distribution May correspond to the non-service payments of the 2nd user.

Further, it is set as that the assets of the 1st user of lendable assets are for setting with the 3rd user for security right people When determining the secured assets of security right, security right management module (330) is by the account information database with reference to the 1st user (340) the punishment restriction that the secured assets for the 1st user sets, is released.This is in order at later for releasing The debt-credit dividing the debt-credit processing module (320) of the lendable assets limited processes.Further, security right management module (330) By the account information database (340) with reference to the 2nd user, represent that the secured assets for the 2nd user is with the 1st The setting of the security right of the intermediary artificial finishing mortgage power people of user and securities lending, and with reference to the account of the 2nd user Family information database (340), represent in the security right of described setting for the 1st user security right with the 3rd use Person is the setting of the security right of security right people.Now, if should be by borrowing or lending money the assets that processing module (320) need to be repaid In when not repaying at least partially, security right management module (330) can perform security right for the 1st user.Security right Execution perform by the following method: security right management module (330) is with reference to the account information database of the 2nd user (340), release the punishment set on the secured assets of the 2nd user and limit, and by least in secured assets Part at least one distribution in the 1st user and the 3rd user.If on the contrary, mould should be processed by debt-credit When the assets that block (320) need to be repaid all are repaid, security right management module (330) is by the account letter with reference to the 1st user Breath database (340), represents and sets with the 3rd user as guarantee for the assets repaying (or replacement) to the 1st user The setting of the security right of power people.

Further, the 3rd user when receiving security right execution signal, it is right that security right management module (330) can reset Security right in the secured assets that the 2nd user provides.In more detail, security right management module (330) is with reference to the 2nd The account information database (340) of user, deletes about the content being the security right of security right people with the 1st user, Represent the setting of the security right weighing people with the artificial finishing mortgage of the 3rd user and intermediary.I.e. the 3rd user passes through Pignus pignoris The status of the finishing mortgage power people performing secured assets acquisition the 1st user of the 2nd user is had of power, And finishing mortgage power people is together become with intermediary.According to embodiment, security right management module (330) resets guarantee Judge between power that security right performs the validity of signal.Only judging that the security right received from the 3rd user performs letter Time number effective, security right management module (330) can reset security right.This type of judgement can be by set Effective judgement Benchmark performs.The judgment standard of validity can the arbitrary decision by the agreement between party or agreement, or according to method Rules etc. determine, and the personality or kind according to the administration behaviour of security right is suitable for different judgment standard.In an embodiment In, perform the application security right execution of signal according to being contained in security right or agree to the relevant security right people that security right performs Information whether effective, and judge that security right sets the validity of signal.Application security right performs or agrees to that security right is held The information of the relevant security right people of row is the most effective, can pass through the present invention such as registration-certification, certificates of recognition, electronic signature Available various authentication methods in technical field and judge.In one embodiment, by interface module (310) The security right received performs signal and is received or from securities lending device by the manager of securities lending transaction system (300) (200), when being internally generated, it is effective that security right management module (330) can determine whether that security right performs signal.This benchmark is for showing Example, various benchmark can be suitable for according to applicable embodiments of the invention.

Account information database (340) can include the assets of user, assets be punished to the genus information whether limited. Especially, account information database (340) corresponding to the customer account Ministry of Revenue, thus, in non-agreement assets in secured assets The information of the security right of upper setting can represent in account information database (340), and the resistance of security right occurs.Right In the more detailed description of account information database (340), associate with figure 4 below and Fig. 5 carry out aftermentioned, here, Omit detailed description.

When the agreement assets of user set security right, determine that date login module (350) is for the power of getting surety Resistance, can for security right log in determine the date.Determine that the above-mentioned action of date login module (350) can week Phase property and/or aperiodicity perform, and such as, set security right, or perform whenever updating the content of security right, or Perform at set time point.

In more detail, determine that date login module (350) is fixed the date for security right really in order to log in, by relevant load Guarantor's power sets the content promised and relevant described content fixes the date registration really to the transmission of just office.Here, close The suggestion setting content and security right setting promise that the content promised can comprise security right in security right represents, it is possible to for The form of the file completed or the form of the combination of individual other law inscape.

Response determines that date login module (350) is fixed the date registration really, and is logged in by just office and determine day During the phase, there is to be set the resistance of the security right of promise by security right.

Further, determine that date login module (350) is fixed the date, by relevant security right really in order to log in relevant security right The content and the relevant described content that set notice fix the date registration really to the transmission of just office.Here, about load The content protecting power setting notice comprises the content of security right, the suggestion of security right setting notice represents and sets about security right The content that fixed true notice authority is appointed, it is possible to the form of the file for completing, or the legality composition of individual will The form of element combination.Response determines that date login module (350) is fixed the date registration really, and just office logs in really After fixing the date, transmit to securities lending device (300), and, securities lending device (300) receives and is stepped on by just office When record determines the content that the security right on date sets notice, there is to be set the antagonism of the security right of notice by security right Power.

The interface module (310) represented in Fig. 3；Debt-credit processing module (320)；Security right management module (330)；Accounts information Database (340) and determine that date login module (350) can be embodied by multiple physical devices, it is possible to by one Physical device embodies.Such as, interface module (310)；Debt-credit processing module (320)；Security right management module (330)； Account information database (340) and determine that date login module (350) is respectively by utilizing software (software) or firmware Etc. (firmware) mode embodies.

Fig. 4 example is according to the account information database of one embodiment of the invention.

Account information database (340) refers to the assets of user, assets is punished to the attribute whether limited The database of information.Account information database (340) can pass through securities lending device (300) or securities lending device (300) Manager etc. generate or revision.The assets of the user being contained in account information database (340) refer to by user Retain representing by account and the assets that can be managed, about the information of assets include the kind of assets, quantity, Value etc..When described assets set security right, the information about assets can include the information about security right, here, Information about security right is in order to described security right is the most specific by other security right, such as, comprise guaranty, Security right people, the information such as setting limited by liabilities for guarantee, the punishment that sets in guaranty.

The attribute information whether limited about the punishment of assets refer to perform with assets for object each at branch For permission whether attribute information.The attribute information whether limited about the punishment of assets includes such as, about there being valency Selling of security limits, outbound limits, about replacing the setting whether attribute information that limits；Relevant for selling label The setting whether attribute information that the marketable securities purchase of administration's amount of money limits；Payment about Deposit received limits, transfers accounts The setting whether attribute information limiting, limiting about marketable securities purchase.

Account information database (340) correspond to based on party between agreement, relevant laws are (such as, about money The law of this market and financial investment industry the 311st article etc.) etc. the computerized customer account Ministry of Revenue.Thus, if set When the assets of the user of security right are non-agreement assets, the right present situation zooming of the security right etc. about assets is remembered Record is in account information database (340), and the resistance of security right occurs.

Securities lending device (300) receives about in account information database from manager, user, just office etc. (340) information of the part in the upper various information logged in.Securities lending device (300) can be incited somebody to action according to the information received Change in the upper information logged in of account information database (340).Such as, for present protocol or releasing load Protect temporary, receive to have and hang the information that security right sets or releases, account information database (340) present agreement sets Surely punish restriction, or release the punishment set in present agreement and limit, and by the setting of security right or release to account Information database (340) represents.

Conventional assets in account information database (340) can occur new assets.Described include in conventional assets The generation of additional new assets and tackle at least one in the generation of the new assets of conventional assets.In one example, Conventional marketable securities because of capital reduction, spend more money on and the segmentation of share, merge, cancellation etc. is destroyed, and new marketable securities occur Or cash (i.e. new Deposit received), or sales from the portfolio and there is cash (i.e. new Deposit received).In one example, According to allocation of shares generation allotment of shares (i.e. new marketable securities) or cash allocation is passed through from described conventional marketable securities There is allotment money (i.e. new Deposit received).In one example, from conventional advance receipt generation interest income, or utilize with Purchase other assets toward Deposit received, and new assets occurs.In one example, sell assets, or liquidation assets, from And, there is cash (i.e. new Deposit received).Now, new assets logs in account information database (340) is upper, continue with The attribute information of past assets.Such as, if being set with punishment in conventional assets and limiting, for from conventional assets The new Deposit received occurred also sets punishment and limits.By described setting, punishment as in the past is produced for new assets The effect limited, and the effect of the security right that can continue.The described new assets mentioned is exemplary, can lead to Cross the various mode conventional assets generation new assets in account information database (340).

With reference to Fig. 4, about marketable securities, account information database (340) includes limiting about the sale of marketable securities, Outbound limits, replace limiting, the setting whether attribute information of punishment limitation management agreement.As it can be seen, there is valency to demonstrate,prove Certificate A is common marketable securities and does not set any restriction, therefore, for the sale of marketable securities A, outbound and Replace all allowing.Put marketable securities for the first time in storage, as marketable securities A, be set as there is no any restriction and for going out Sell, outbound and replace all allow.According to embodiment, above-mentioned state such as, can be censured as default conditions.Marketable securities B is to set the marketable securities of security right with user A for security right people, is set with punishment restriction, outbound restriction And replace limiting, therefore, the most do not allow the punishment for marketable securities B.

Account information database (340) can include about for selling the setting that the marketable securities purchase of the signature amount of money limits Whether attribute information.Sign according to the sale of marketable securities here, sell the signature amount of money and occur, refer to cash it The front amount of money.Because being not carried out cashing, the sale signature amount of money is not allowed payment and transferred accounts, only allows utilization described Sell the purchase of the marketable securities of the signature amount of money.As it can be seen, selling signature amount of money A is common sale signature gold Volume, does not set any restriction, thus, it is allowed to utilize the marketable securities purchase selling signature amount of money A.According to reality Execute example, when the signature amount of money is sold in first generation, can set as sold signature amount of money A, this type of state, example As, can censure as default conditions.Selling signature amount of money B is to sell to set security right with user A for security right people Marketable securities and occur sale signature the amount of money, be set with marketable securities purchase limit.Therefore, do not allow Utilize the marketable securities purchase selling signature amount of money B.

Account information database (340) can strip off for the payment restriction of Deposit received, restriction of transferring accounts, about there being valency to demonstrate,prove The setting whether attribute information that certificate purchase limits.Here, Deposit received is contained within the cash of the account of user, The amount of money discounted including the cash deposited by user or transfer accounts and the sale signature amount of money.Thus, for advance Funds on account, allow to pay the bill, the purchase of the marketable securities of described Deposit received of transferring accounts, utilize in principle.As it can be seen, it is pre- Receipt on account money A is common Deposit received, does not set any restriction, thus, it is allowed to the payment of Deposit received and turning Account, utilizes the purchase of the marketable securities of Deposit received.According to embodiment, during first generation Deposit received, as advance Money A equally sets, and this type of state can be censured as such as, default conditions.Deposit received B is Security right people and set the advance receipt of security right, be set with Deposit received payment limit, transfer accounts restriction and utilize advance The purchase of money limits, and therefore, does not the most allow the punishment for Deposit received B.According to embodiment, pre-receipt on account Money includes selling the signature amount of money.

In Fig. 4 although not shown, account information database (340) includes the information being set as lendable assets.As above The information stated, by other information additional in each assets of diagram in the account information database (340) of Fig. 4 Or mark and embody, or the other loan pond that comprises in account information database (340) and embody.Loan additionally The embodiment in money pond, associates aftermentioned with Fig. 5, here, save detailed description.The account information database (340) of Fig. 4 Constitute for exemplary, according to applicable embodiments of the invention, available by deposit, savings property assets, ELF The assets of all being managed etc. account or being traded.

Fig. 5 represents the example in the loan pond according to one embodiment of the invention.

Loan pond (345) refers to by security between creditor and intermediary (or manager of securities lending device (300)) Debt-credit agreement is signed and the total collection of lendable assets.

As it can be seen, by total 100,000 note, 200,000 note, 70,000 note and 50, the 1st marketable securities of 000 note It is set as lendable assets to the 4th marketable securities.These type of the 1st marketable securities are by least to the 4th marketable securities The loan application of one the 1st user (creditor) and be set as lendable assets.Wherein the 1st of 80,000 notes has 4th marketable securities of valency security, the 2nd marketable securities of 100,000 notes and 30,000 notes the 2nd are made by least one User (borrower) carries out debt-credit process, its result, the 1st marketable securities of 20,000 notes, the 2nd of 100,000 note the 4th marketable securities of marketable securities, the 3rd marketable securities of 70,000 notes and 20,000 notes are the most lendable.

In Fig. 5, the loan pond (345) of diagram is exemplary, according to applicable embodiments of the invention, has various structure Become.

Fig. 6 represents the How It Works of the securities lending device according to one embodiment of the invention.Method (600) be for Securities lending between intermediary the 1st user and the 2nd user, here, the 1st user is equivalent to creditor, 2nd user is equivalent to borrower.

In S610 step, debt-credit processing module (320) can be included at least the one of the assets of the account of the 1st user Section sets is lendable assets.S610 step can be passed through interface module (310) and receive the 1st making of assets to be borrowed or lent money Perform after the application signal of user.According to embodiment, the 1st user can be more than one, thus, walk at S610 In Zhou, debt-credit processing module (320) can be made up of loan pond the assets of at least one the 1st user.Here, borrow Money pond refers to the securities lending agreement signature between creditor and intermediary (or manager of securities lending device (300)) And the total collection of lendable assets.

In S620 step, interface module (310) receives from the 2nd user and borrows application for set assets.? This, borrow the information of assets and the 2nd user's conduct for securities lending that application includes that the 2nd user's application borrows The information of the secured assets that guarantee provides, about the information of above-mentioned assets, is in order to specific 2nd user to borrow or lend money Or the assets as guarantee offer, such as, when assets are set marketable securities, including the kind about marketable securities And the information of quantity.

In S630 step, debt-credit processing module (320) can would correspond to the assets borrowing application in lendable assets to 2nd user's debt-credit processes.Here, it is to sign the security borrowing application according to the 2nd user that debt-credit processes Debt-credit and the assets to the 2nd user's debt-credit are put in storage to the account that is connected with the 2nd user or borrow and need one The information processing of series.In more detail, S630 step, debt-credit processing module (320) will be provided by the 1st user and set It is set to and the assets of lendable assets are equivalent to the assets of the assets that the 2nd user borrows application borrow to the 2nd user Loan processes and performs.According to lendable assets, the total assets borrowed for the 2nd user's application or at least one Sign administration's securities lending separately, or also can not sign securities lending.

In S640 step, security right management module (330) can represent security right for the secured assets of the 2nd user Set.S640 step, with reference to the account information database (340) of the 2nd user, the guarantee the 2nd user provides Set punishment on product to limit, thus, represent the setting of security right.Now, the security right set as, i) for the 2nd The secured assets of user is with the security right of the intermediary artificial finishing mortgage power people of the 1st user and securities lending, or ii) For the secured assets security right with intermediary artificial security right people of the 2nd user and the security right for intermediary with 1st user is the security right (i.e. Pignus pignoris power) of security right people (i.e. pawnee).As it has been described above, by setting punishment limit System, limits while realizing collateral value by the arbitrary punishment of the 2nd user, account information database (340) Corresponding to the customer account Ministry of Revenue, therefore, in the secured assets of S640 step, it is set in the security right of non-agreement assets Information be contained in account information database (340), and the resistance of security right can occur.Further, make with the 1st The intermediary of user's securities lending together becomes finishing mortgage power people or independent security right people, thus, intermediary in order to 1st user of finishing mortgage power people or pawnee distributes secured assets, and is effectively appropriately performed security right, in case Stop the risk of the 1st user according to securities lending.In S650 step, debt-credit processing module (320) is at relevant security When the Base day of the right of debt-credit expires, the assets of the account that can be included in the 2nd user need to be repaid because of securities lending Assets also are transferred accounts to the 1st user.By the assets of the 2nd user are turned to the 1st user in S650 step Account, thus, perform to terminate securities lending according to the repayment of securities lending.According to embodiment, S650 step is being borrowed Before loan processing module (320) performs to transfer accounts, including determining the repayment about borrower or credits till at least Base day The securities lending of the acquirement of people allot detail, interface module (310) by it in the 1st user and the 2nd user At least one notice step.

In S650 step, when not repaying at least partially in the assets that need to repay, security right management module (330) can perform The security right (S660 step) set by S640 step.S660 step is that security right management module (330) is with reference to the 2nd The account information database (340) of user, releases the punishment in the secured assets setting of the 2nd user and limits, and Being performed at least some of the distribution to the 1st user in the secured assets of the 2nd user, described distribution will guarantee At least some of in assets directly transfers accounts to the 1st user, or at least some of sale the in secured assets is sent out Raw advance receipt is transferred accounts to the 1st user and is performed.Here, the assets to the 1st user's distribution may correspond to the 2nd The non-service payments of user.

During on the contrary, complete to repay by S650 step, security right management module (330) can pass through S640 step table Show the releasing (S670 step) of the security right set on the secured assets of the 2nd user.The execution of described releasing is ginseng Release the punishment set on secured assets to limit according to the account information database (340) of the 2nd user.

The execution of the step of method (600) order not described above performs, the those skilled in the art of the present invention Enforcement can be at random changed according to embodying.Such as, S630 step can perform after S640 step.

In one embodiment, if secured assets is agreement assets, also include determining that date login module (350) is Obtain the resistance of the security right set at secured assets and described security right is logged in the step that determines the date.One In example, the step receiving the described login determining the date can comprise the steps: will to set promise about security right Content and about described content really fix the date registration to just office transmit step.Here, about security right The content setting promise includes that the content of security right and security right set the suggestion promised and represent.Response determines that the date logs in Application and logged in by just office and determine a day after date, described security right right of promise can occur to set according to security right Drag.In one example, receive the step of the described login determining the date, comprise the steps: to occur according to load The power of guarantor sets the resistance of security right of notice, will set the content of notice and relevant described content about security right really The step that registration of fixing the date transmits to just office；And reception logs in from just office and determines that the security right on date sets The step of the content of fixed notice.Here, set, about described security right, the content notified to comprise the content of security right, load The power of guarantor sets the content that the notice authority that suggestion represents and security right setting is real-time of notice is appointed.Set in security right Time, user have security right set notice authority, the intermediary of securities lending is interested party, in principle from User receives the notice of the fact that security right sets, but, the intermediary of the present invention is from having the notice that security right sets The user of authority receives security right and sets true notice authority, and can apply for legally setting about security right leading to The content known is determined date login.The application that response is above-mentioned, just office logs in and determines a day after date, borrows to security Borrow device (300) to transmit, and, securities lending device (300) receives and logs in the security right determining the date from just office When setting the content of notice, the resistance of the security right of notice can occur to set according to security right.

In one embodiment, also include: the valency of the secured assets that the 2nd user is provided by debt-credit processing module (320) The value of the assets that volume and the 2nd user application are borrowed, and judge the step of the suitability borrowing application of the 2nd user Suddenly.Such as, the assets that the value of the secured assets that the 2nd user provides as guarantee is borrowed for application are set Time more than ratio, debt-credit processing module (320) judges that the 2nd user's borrows application as legal.Illustrate to the 2nd The lendable assets of user are that basis is determined by the value of the guaranty of the 2nd user's offer.The knot of described judgement Really, if borrow application illegal time, according to embodiment, the application of borrowing of the 2nd user is all rejected, or only With good grounds secured assets be identified as the legal part borrowing application be determined as legal.

In one embodiment, also include borrowing or lending money the value of secured assets that the 2nd user provides by processing module (320) with The value of the debt-credit assets of the 2nd user's debt-credit compares, and judges the step of the validity of secured assets.Illustrate 2 users can be according to the process of time as the secured assets that guarantee provides, and it is worth or value variable, such as, This type of value variation of cycle/aperiodically monitor secured assets, and judge that the value of secured assets is for debt-credit money Whether produce is more than set ratio.If the value of secured assets is more than set ratio for debt-credit assets, borrow Borrow processing module (320) and then judge that secured assets is effective, and routinely maintain securities lending.If on the contrary, More than the ratio that the value of secured assets is unvested for borrowing or lending money assets, debt-credit processing module (320) judges secured assets For non-effective, and terminate securities lending.The end of securities lending as above can with the return of debt-credit assets and / or the execution of security right.I.e. borrow or lend money processing module (320) to terminate securities lending, make to the 1st from the 2nd user User returns debt-credit assets.Now, if at least some of of debt-credit assets does not returns, security right management module (330) It is that the 1st user performs security right, and distributes secured assets to the 1st user.According to embodiment, described security are borrowed The end borrowed can be additionally with by the transmission of the secured assets application signal of interface module (310).I.e. by debt-credit Processing module (320) judges that secured assets is non-effective, and interface module (310) transmits to the 2nd user need to be additionally The secured assets application signal of assets of tendering guarantee, and, the transmission of the signal that response is above-mentioned, connect from the 2nd user When receiving secured assets, debt-credit processing module (320) can judge the validity of secured assets again.

Fig. 7 represents the How It Works of the securities lending device according to one embodiment of the invention.

The S710 step of method (700) is to S770 step with S610 step in the method (600) illustrated with reference to Fig. 6 extremely The identical explanation of S660 step.Hereinafter, the repetitive description thereof will be omitted.

In S710 step, the assets of the account being contained in the 1st user can be at least partially with the 3rd user The 2nd secured assets of security right is set as security right people.Debt-credit processing module (320) is for the 2nd above-mentioned load Guarantor's assets are set as lendable assets also according to the application of the 1st user.

In S730 step, debt-credit processing module (320) can be right by being set as in the 2nd secured assets of lendable assets Ying Yu borrows the assets of application and processes to the 2nd user's debt-credit.In more detail, S730 step, security right management mould Block (330) releases, with reference to the account information database (340) of the 1st user, the punishment limit set on the 2nd secured assets System, the 2nd secured assets releasing punishment restriction is transferred accounts by debt-credit processing module (320) to the 2nd user.

In S740 step, security right management module (330) represents the setting of security right to the secured assets of the 2nd user. In more detail, S740 step, the account information database (340) of security right management module (330) reference the 2nd user, Secured assets the 2nd user sets punishment and limits, and with reference to the account information database (340) of the 2nd user, Secured assets is represented the setting of the security right weighing people with the artificial finishing mortgage of the 1st user and intermediary, and with reference to the 2nd The described account information database (340) of user, for the security right of the 1st user in the security right of described setting The setting of the security right (i.e. Pignus pignoris power) that it is security right people with the 3rd user that part represents.I.e. in order to use as the 1st The security right guarantee of the 3rd user of the security right people of the 2nd secured assets that person provides with lendable assets, the 1st The security right that user has for the secured assets of the 2nd user sets with the 3rd user for security right people again Determine security right.Especially, account information database (340) is because of the corresponding customer account Ministry of Revenue, in non-agreement in secured assets The information of the security right set in assets is contained in account information database (340), and the resistance of security right occurs.

Then, when expiring about Base day of the right of securities lending, debt-credit processing module (320) is included in the 2nd The assets need to repaid because of securities lending in the assets of the account of user transfer accounts (S750 step) to the 1st user.

When not repaying at least partially in S750 step, the assets that need to repay, security right management module (330) can be passed through S740 performs the security right (S760 step) set.S760 step performs by the following method, security right management module (330) with reference to the account information database (340) of the 2nd user, release what the secured assets to the 2nd user set Punishment limits, at least some of in the 1st user and the 3rd user by the secured assets of the 2nd user At least one is distributed, and, that directly transfers accounts in described distribution secured assets is at least some of, or by secured assets At least some of sale and the advance receipt that occurs is transferred accounts.Here, the assets of described distribution may correspond to the 2nd user Non-service payments.At least some of only when the 1st user distributes in the secured assets of the 2nd user, security right The assets that management module (330) is allocated for the 1st user, represent the guarantee being security right people with the 3rd user The setting of the additivity of power.

During on the contrary, complete to repay by S750 step, security right management module (330) represents the 2nd user's The releasing (S770 step) of the security right that secured assets sets.Described releasing is the accounts information number with reference to the 2nd user According to storehouse (340), release the punishment that secured assets is set and limit and perform.Then, security right management module (330) table Show that (S780 walks using the 3rd user as the setting of the security right of security right people for the assets transferred accounts to the 1st user Suddenly).The expression of the setting of security right described above, with reference to the account information database (340) of the 1st user, in institute State assets to set punishment restriction and perform.Before the assets of the 1st user are borrowed or lent money process, the 3rd user for Described assets have security right, therefore, for recovering the security right of the 3rd user.

Fig. 8 represents the How It Works of the securities lending device according to one embodiment of the invention.

The method (700) that method (800) can represent in the figure 7 performs after S740 step, S830 step to S860 Step illustrates to S780 step with the S750 step in the life-span with reference to Fig. 7.Hereinafter, the explanation of repetition is save.

After S740 step, interface module (310) from the 3rd user receive security right perform signal (or Pignus pignoris power perform Signal) (S810 step).

Then, security right management module (330) represents the setting again of security right of the secured assets provided for the 2nd user Fixed (S820 step).In more detail, security right management module (330) is with reference to the account information database of the 2nd user (340), delete the relevant content being the security right of security right people with the 1st user, expression with the 3rd user and in The setting of the security right of the artificial finishing mortgage that is situated between power people.The execution that i.e. the 3rd user is weighed by Pignus pignoris obtains for the 2nd The status as finishing mortgage power people that secured assets the 1st user of user is had, and become together with intermediary People is weighed for finishing mortgage.

In S840 step, when not repaying at least partially in the assets that need to repay, security right management module (330) can be passed through S820 step performs the security right set.

Money by least one performed in the 1st user and the 3rd user distribution of security right as above Produce the non-service payments that may correspond to the 2nd user, preferentially after the 3rd user's distribution, distribute to the 1st user.

In one embodiment, after S810 step, method (800) may also include security right management module (330) and judges guarantee Power performs the step of the validity of signal.Judged result, when security right execution signal is effective, could perform S820 Step.

As described above, even if in the present invention, the 3rd user performs Pignus pignoris power, to the securities lending with the 2nd user not Produce any impact, and can stably guarantee the status of the 3rd user of assets that the 2nd user is to be repaid.Figure 9 How It Works representing the securities lending device according to one embodiment of the invention.

The secured assets that 2nd user is provided in method (600,700,800) by method (900) sets the step of security right Perform after (S640, S740 step).

In S910 step, interface module (310) receives sub-signal at secured assets from the 2nd user.Secured assets is punished Signal is for take disciplinary action secured assets, and makes collateral warranty assets generate the signal of new secured assets, it may for example comprise The selling signal of marketable securities, utilize marketable securities purchase signal, the clearance signal etc. of agreement of Deposit received.Here, At secured assets, sub-signal can include the information of the assets for the specific object becoming punishment, about the letter of punishment condition Breath, about the information of punishment condition, such as, during the sale of marketable securities, it may include the selling price of security, sale The information such as quantity.

In S920 step, security right management module (330), with reference to the account information database (340) of the 2nd user, solves Except the punishment set on the secured assets of the 2nd user limits.In principle, assets set with security right for the origin of an incident When punishment limits, do not allow the act of disposition of all, but, when setting punishment limitation management agreement according to the present invention, Can release and limit in the upper punishment set of account information database (340).According to embodiment, S920 step can release The punishment restriction cancellation of all set on secured assets, or only release the part in the act of disposition.Such as, for The releasing that the punishment of marketable securities limits can limit by only releasing the sale for marketable securities and perform.At S930 In step, when releasing the punishment restriction for secured assets, security right management module (330) is punished according to secured assets Signal performs the act of disposition for secured assets.

In S940 step, security right management module (330) sets for the new secured assets occurred according to the act of disposition Surely restriction is punished.S940 step is by the account information database of security right management module (330) reference the 2nd user (340) on new secured assets, set punishment to limit and perform.It is to represent from conventional secured assets to newly assuring money Continuing of the security right produced.

In one embodiment, method (900) also includes judging special according to sub-signal at secured assets after S910 step The step of punishment limitation management agreement whether is set on the secured assets of the 2nd fixed user.Described judged result, When being set with punishment limitation management agreement on the secured assets of the 2nd user, in execution S920 step to S940 step At least one.On the contrary, described judged result, the secured assets of the 2nd user does not sets punishment and limits pipe During reason agreement, ending method (900).

Even if as it has been described above, the 2nd user borrows or lends money, for guaranteed security, assets of tendering guarantee, according to the punishment of the present invention Limitation management agreement, it is possible to perform the punishment of the 2nd user for secured assets, and add one in described punishment Fixed restriction, and ensure the status of the security right people of the 1st user (and intermediary).

The How It Works (600,700,800,900) of the securities lending device (300) according to the present invention, with reference to Fig. 6, Fig. 7, Fig. 8 and Fig. 9, performs the running side of the securities lending device (300) according to above-mentioned embodiments of the invention by record The computer-readable recording medium of the program of method (600,700,800,900) and embody.Computer-readable recording medium bag Include the tape deck that storage has all kinds of the data that can be read by computer.Showing of computer-readable recording medium Example has ROM, RAM, CD-ROM, tape, floppy disk, optical data storage devices etc., and, also include with logical The form of the carrier wave such as transmission crossing network embodies.Further, computer-readable recording medium is scattered in and is connected by network Computer system, storage encodes and performs with a scattered manner.

Disclose most preferred embodiment the most in the accompanying drawings and the description.Here, employ specific term, but, Its purpose is simply to illustrate that the present invention, and is not intended to limiting meaning or is limited in the present invention described in claim Scope.Therefore, those skilled in the art is to be understood that other embodiments that can carry out various deformation and equalization. Thus, the real technical protection scope English etc. of the present invention is defined according to the technological thought of right.

Claims

1. An operation method as an operation method of a securities lending device that mediates securities lending between a first user and a second user, characterized in that it includes:

setting at least a portion of the assets contained in the account of the first user as loanable assets;

A step of receiving a borrowing application for a given asset from the second user - the borrowing application includes information on the asset that is requested to be borrowed by the second user and the second user provides for securities lending as security information on the encumbered assets;

a step of lending an asset corresponding to the borrowing application among the loanable assets to the second user; and

setting a disposition restriction on the encumbered asset of the second user with reference to the account information database of the second user, and indicating the establishment of a security right in the encumbered asset;

The account information database includes attribute information on setting or not setting restrictions on disposal of assets included in the account as content of a security right or an agreement.

2. The operation method according to claim 1, characterized in that it comprises:

the steps of representing the creation of a security right in said encumbered assets, including:

referring to the account information database of the second user, indicating the establishment of a security right in the encumbered assets of the second user with the first user and a securities lending intermediary as joint guarantors prescribed steps; or

referring to the account information database of the second user, indicating the establishment of a security right in the encumbered assets of the second user with the intermediary as the secured party, and for the intermediary's The security right means the steps of establishing the security right with the first user as the secured party.

3. The operating method according to claim 2, characterized in that,

The account information database corresponds to the customer account department, and the information on the security right established in the non-negotiable assets among the secured assets is displayed in the account information database, so that the confrontation force of the security right occurs.

4. The operation method according to claim 2, characterized in that,

It also includes, if the encumbered asset is a contractual asset, the step of determining a date for registration of the security right in order to obtain protection against the security right created in the encumbered asset.

5. The operation method according to claim 2, characterized in that,

After the step of the lending process, the following step is further included: when the base date of the right to the securities lending related to the asset expires, the asset included in the account of the second user will A step of transferring the repaid asset to the first user.

6. The operation method according to claim 5, characterized in that,

The method further includes: after the completion of the repayment, referring to the account information database of the second user to indicate the release of the security right established on the encumbered assets of the second user.

7. The operation method according to claim 5, characterized in that,

The step of transferring money also includes:

The step of enforcing a security right as a joint or sole secured party to said encumbered assets when at least a portion of said assets to be repaid has not been transferred.

8. The operating method according to claim 7, characterized in that,

The step of enforcing the security right is performed by referring to the account information database of the second user, releasing the disposal restriction set on the secured assets of the second user, and transferring the At least a part of the encumbered assets is allocated to the first user.

9. The operation method according to claim 1, characterized in that,

Also include the following steps:

Comparing the value of the secured asset provided by the second user with the value of the asset for which the second user applied to borrow, it is judged whether the second user's application for borrowing is appropriate.

10. The operation method according to claim 1, characterized in that,

Also include the following steps:

The validity of the secured asset is judged by comparing the value of the secured asset provided by the second user with the value of the loaned asset that is loaned to the second user.

11. The operation method according to claim 1, characterized in that,

Including the following steps:

receiving an encumbered asset disposal signal from the second user;

referring to the account information database of the second user according to the encumbered asset disposal signal, and canceling the disposition restriction set on the encumbered asset of the second user;

execute the disposition of the encumbered assets free of said disposition restrictions; and

With reference to the account information database of the second user, a disposition limit is set for new secured property resulting from the disposition.

12. The operation method according to claim 1, characterized in that,

When the asset of the first user set as the loanable asset is the second encumbered asset for which the security right is established with the third user as the secured party, the steps of the lending process are executed as follows : Refer to the account information database of the first user, cancel the disposal restriction set on the second encumbered asset, and transfer the second encumbered asset to the second user.

13. The operating method according to claim 12, characterized in that,

Said steps of expressing the creation of a security right in an encumbered asset include the following steps:

Referring to the account information database of the second user, indicating the establishment of a security right in the encumbered assets of the second user with the first user and the intermediary of securities lending as joint guarantors ;and

referring to the account information database of the second user, indicating the establishment of a security right in which the third user is the secured party with respect to the security right of the first user among the established security rights; Certainly.

14. The operating method according to claim 12, characterized in that,

After the steps of loan processing, the following steps are also included:

when the base date of the right to securities lending with respect to the assets expires, transfer the assets to be repaid for the securities lending among the assets included in the account of the second user to the first user; and

Referring to the account information database of the first user, it indicates setting of a security right with the third user as a secured party to assets transferred to the first user.

15. The operation method according to claim 14, characterized in that,

Also include the following steps:

After the repayment is completed, the account information database of the second user is referred to to indicate the release of the security right established on the encumbered assets of the second user.

16. The operating method according to claim 14, characterized in that,

In the transfer step, the following steps are also included:

Enforcing the security right as a co-secured party if at least part of the assets to be repaid has not been transferred.

17. The operating method according to claim 16, characterized in that,

Said steps of enforcing the security right are performed by:

referring to the account information database of the second user, canceling the disposal restriction set on the encumbered assets of the second user, and transferring at least a part of the encumbered assets to the first user user and at least one of the third user.

18. The operating method according to claim 13, characterized in that,

Also include the following steps:

receiving a security right enforcement signal from said third user; and

According to the security right enforcement signal, referring to the account information database of the second user, expressing the joint security right of the third user and the intermediary with respect to the encumbered assets provided by the second user Reestablishment of a person's security right.

19. A computer-readable medium recording a program for executing the method according to any one of claims 1 to 18.

20. A securities lending device as a securities lending device that mediates securities lending between a first user and a second user, characterized in that it includes:

An account information database that includes information on the assets of the first user and the second user that can be managed as accounts, and restrictions on the disposal of assets included in the accounts as security rights or agreements Attribute information of setting or not;

an interface module for receiving a borrowing application for a predetermined asset from the second user - the borrowing application includes information about the asset that the second user applies for borrowing and the second user provides as security for securities lending information about the encumbered assets-;

The loan processing module sets at least a part of the assets included in the account of the first user as loanable assets, and transfers the assets corresponding to the borrowing application among the loanable assets to the second user. user loan processing; and

The security right management module refers to the account information database of the second user, sets disposal restrictions on the encumbered assets of the second user, and expresses the establishment of a security right in the encumbered assets.

21. The securities lending device according to claim 20, characterized in that:

said security rights management module,

referring to the account information database of the second user, indicating the establishment of a security right in the encumbered assets of the second user with the first user and a securities lending intermediary as joint guarantors Certainly;

referring to the account information database of the second user, indicating the establishment of a security right in the encumbered assets of the second user with the intermediary as the secured party, and indicating that the intermediary The creation of the security right of the security right with the first user as the secured party.

22. The securities lending device according to claim 21, characterized in that:

The account information database corresponds to the customer account department, and the information of the security right established on the non-agreement assets among the secured assets is displayed in the account information database, so that the counterforce of the security right occurs.

23. The securities lending device according to claim 21, characterized in that:

It also includes a determination date registration module, if the encumbered asset is a contractual asset, it determines the date for the security registration in order to obtain the counter force of the security right set on the encumbered asset.

24. The securities lending device according to claim 21, characterized in that:

After the loan processing, when the base date of the securities lending transaction rights of the assets expires, the loan processing module transfers the assets that need to be repaid due to the securities loan among the assets contained in the account of the second user Transfer money to the first user.

25. The securities lending device according to claim 24, characterized in that:

When the security right management module completes the repayment through the loan processing module, it refers to the account information database of the second user, indicating the Release of security right.

26. The securities lending device according to claim 24, characterized in that:

The security right management module, if at least a part of the assets to be repaid through the loan processing module has not been transferred, executes the security right as a joint guarantor or an individual guarantor of the encumbered assets.

27. The securities lending device according to claim 26, characterized in that:

The security right management module refers to the account information database of the second user, cancels the disposal restriction set on the encumbered assets of the second user, and transfers the encumbered assets At least a portion is allocated to the first user to enforce the security right.

28. The securities lending device according to claim 20, characterized in that:

The loan processing module compares the value of the secured asset provided by the second user with the value of the asset borrowed by the second user, and judges the value of the loan application by the second user. suitability.

29. The securities lending device according to claim 20, characterized in that:

The loan processing module compares the value of the encumbered asset provided by the second user with the value of the loan asset that is loaned to the second user, and judges the validity of the encumbered asset.

30. The securities lending device according to claim 20, characterized in that:

When the interface module receives an encumbered asset disposal signal from the second user, the security right management module refers to the account information database of the second user according to the encumbered asset disposition signal, and releases the account information database of the second user. The disposition restrictions set on the secured assets of the second user are executed, and the disposition of the secured assets whose disposition restrictions are lifted is executed, and, referring to the account information database of the second user, the Set up disposition restrictions on the new secured property where the behavior occurred.

31. The securities lending device according to claim 20, characterized in that,

If the assets of the first user set up with the loanable assets are the second encumbered assets with the third user as the secured party, the security right management module refers to the first The account information database of the user cancels the disposal restriction set on the second encumbered asset, and the loan processing module transfers the second encumbered asset to the second user to execute the loan processing.

32. The securities lending device according to claim 31, characterized in that:

The security right management module refers to the account information database of the second user, and indicates that the first user and the securities lending intermediary are joint security rights for the encumbered assets of the second user person’s security right, and referring to the account information database of the second user, the security right of the first user in the set security right indicates that the third user is the Creation of the secured party's security right.

33. The securities lending device according to claim 31, characterized in that:

The loan processing module, after the loan processing, when the base date of the right of the loan transaction of the asset expires, the assets included in the account of the second user that need to be repaid due to the securities loan Assets are transferred to said first user,

The security right management module refers to the account information database of the first user, and expresses the establishment of a security right with the third user as the secured party to the assets transferred to the first user .

34. The securities lending device according to claim 33, characterized in that:

35. The securities lending device according to claim 33, characterized in that:

The security right management module, if at least a part of the assets to be repaid through the loan processing module has not been transferred, executes the security right as a joint surety.

36. The securities lending device according to claim 35, characterized in that:

The security right management module refers to the account information database of the second user, cancels the disposal restriction set on the encumbered assets of the second user, and transfers at least one of the encumbered assets to A part is allocated to at least one of the first user and the third user to enforce the security right.

37. The securities lending device according to claim 32, characterized in that:

When the interface module receives a security right enforcement signal from the third user, the security right setting module refers to the account information database of the second user according to the security right enforcement signal, and for the The encumbered asset provided by the second user represents a reestablishment of the security right with the third user and the intermediary as co-guarantees.