SYSTEM FOR COORDINATING RIGHTS TO BORROW TRANSACTIONS

摘要

A system includes an order engine that receives a plurality of right to borrow orders. Each of the right to borrow orders includes an asset, an indication of whether a right is sought to either borrow or lend the asset, a quantity of the asset to be borrowed or lended, a rental rate, a start date, and an end date. The system also includes a matching engine that determines that a first of the plurality of right to borrow orders matches with a second of the plurality of right to borrow orders. The system also includes a transaction engine that initiates a transaction associated with the determined first and second right to borrow orders.

主权项

1. A system, comprising:
an order engine, operable to:
receive one or more right to borrow sell orders, wherein each of the one or more right to borrow sell orders comprises:
an asset that is offered for lending;a quantity of the asset that is offered for lending;a requested rental rate;a start date associated with a time when the asset is first offered for lending; andan end date associated with a time when the asset is no longer offered for lending; andreceive one or more right to borrow buy orders, wherein each of the one or more right to borrow buy orders comprises:
an asset that is desired for borrowing;a quantity of the asset that is desired for borrowing;an offered rental rate;a start date associated with a time when the asset is first desired to be borrowed; andan end date associated with a time when the asset is no longer desired to be borrowed; a matching engine, operable to:
determine that one of the received one or more right to borrow buy orders matches with one of the one or more right to borrow sell orders; and a transaction engine, operable to:
determine a transaction associated with the determined right to borrow buy order and the determined right to borrow sell order; andinitiate the transaction.