METHOD AND SYSTEM FOR EXECUTING A REPO TRANSACTION IN A DISTRIBUTED REGISTRY Russian patent published in 2019 - IPC G06F17/00 G06Q20/00 G06Q40/04 

Abstract RU 2705772 C1

FIELD: data processing.

SUBSTANCE: invention relates to a method and system for executing REPO transactions in a distributed registry. Method comprises recording data on the amount of money and securities according to the conditions of the REPO transaction between the first and second parties, forming a smart contract (SC) containing conditions for executing the REPO transaction, in the distributed registry by successive EDS confirmation of each of the SC sides, the signed EDS of the first and the second side is received, and in response to the execution of the first part of the REPO transaction, during which funds and securities are transferred to parties of the transaction according to SC conditions, recording is performed in a distributed register containing information on execution of conditions of the first part of REPO transaction according to SC, during life cycle of SC performing monitoring and recording in distributed register of market value of securities, performing execution of second part of REPO transaction, during which funds and securities are transferred to parties of the transaction in accordance with SC conditions taking into account the value of securities at the moment of execution of the second part of REPO transaction and recording data on the closing of REPO transaction between said parties in the distributed register.

EFFECT: technical result consists in automation of REPO transaction.

11 cl, 6 dwg

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RU 2 705 772 C1

Authors

Klimenko Konstantin Aleksandrovich

Bajkov Dmitrij Valerevich

Russkikh Evgenij Aleksandrovich

Bige Denis Andreevich

Abdrashitov Oleg Vadimovich

Kasatkin Dmitrij Dmitrievich

Dates

2019-11-11Published

2019-04-23Filed