Application of general instruments in a CSD
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United States of America Patent
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N/A
Issued Date -
Dec 30, 2004
app pub date -
Jun 24, 2003
filing date -
Jun 24, 2003
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The invention refers to a method for use in a CSD-system when carrying out a corporate action in the CSD-system on a security or an instrument., the method comprising the following steps: retrieving information about the parameters for the corporate action, using said parameters, expressing the corporate action with an appropriate combination of predefined operating components, said components being a component that generates payments to participants in the system and/or a component that requests payment from participants in the system and/or a component that adds holdings to an account in the CSD-system (e.g. split or due to an acquisition) and/or a component that removes instruments from circulation in the CSD-system. (due to e.g. maturity etc), and executing the action according to the parameters and components that are included in the expressed action.
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