SYSTEMS AND METHODS FOR AUCTIONING ASSET BACKED SECURITIES

摘要

Provided are computer implemented methods and systems for auctioning asset backed securities. An online multi-stage auction system is provided based on peer-to-peer lending approach, where individual borrowers may sell shares in asset backed securities to partially finance the asset backed security or facilitate loans to purchase the asset backed securities. The auction system provides for a number of auctions to be held sequentially over a predetermined period of time. Lenders are provided with an option to sell their shares during each of the auctions. The total amount of shares allowable to be sold by lenders per auction should not exceed a predetermined threshold amount, otherwise the shares are sold in installments at subsequent auctions.

主权项

1. A computer-implemented method for auctioning asset backed securities, the method comprises:
receiving, by a processor, a request from a borrower associated with the asset backed security to sell one or more borrower shares in the asset backed security; scheduling, by the processor, two or more borrower auctions to sell the one or more borrower shares, wherein a portion of the one or more borrower shares is sold at each borrower auction; initiating, by the processor, a first borrower auction to sell the one or more borrower shares; receiving, by the processor, one or more bids from one or more lenders to buy the one or more borrower shares; selling, by the processor, in the first borrower auction, the one or more borrower shares to the one or more lenders; receiving, by the processor, one or more requests from the one or more lenders to sell one or more lender shares, wherein the one or more lender shares include the one or more borrower shares sold to the one or more lenders; receiving, by the processor, a request from the borrower to set a threshold of the one more lender shares offered for sale at a second borrower auction; in response to the request received from the borrower, setting, by the processor, the threshold of the one or more lender shares offered for sale at the second borrower auction; initiating, by the processor, the second borrower auction as per the schedule to sell the one or more borrower shares; replacing, by the processor, the one or more borrower shares in the second borrower auction with the one or more lender shares for sale up to the threshold; selling, by the processor, in the second borrower auction, the one or more borrower shares and the one or more lender shares to one or more lenders, wherein the one or more lender shares are sold first; and scheduling, by the processor, one or more additional borrower auctions to sell the replaced one or more borrower shares.