System for distributing cash dividends using foreign currency or stable coin

Abstract

This disclosure provides a system for distributing cash dividends using foreign currency or stablecoins. This disclosure can improve the efficiency, accuracy, and auditability of cash dividend distribution operations.

Claims

1. A system for distributing cash dividends using foreign currency or stablecoins, comprising: Initiating financial institution equipment; Foreign currency and stablecoin exchange facilities; Foreign currency and stablecoin clearing facilities; The system includes a cash dividend depositing financial institution device, wherein the foreign currency and stablecoin exchange device is communicatively connected to the initiating financial institution device, the foreign currency and stablecoin clearing device, and the cash dividend depositing financial institution device. The foreign currency and stablecoin exchange device performs inspection, classification, and verification operations on the cash dividend data to determine its compliance. The cash dividend data includes the payment currency, which may include US dollars, Japanese yen, Chinese yuan, or stablecoins. When the foreign currency and stablecoin exchange device determines that the cash dividend data is compliant, it generates a deposit data file corresponding to the cash dividend depositing financial institution device and generates settlement details corresponding to the initiating financial institution device, the cash dividend depositing financial institution device, the cash dividend data, and the number of cash dividend payments. The cash dividend depositing financial institution device performs the deposit operation corresponding to the deposit data file. The foreign currency and stablecoin exchange device generates a cash dividend payment result corresponding to the cash dividend data.

2. The system as claimed in claim 1 further includes a cash dividend data generating device communicatively connected to the initiating financial institution device, wherein the cash dividend data generating device generates the cash dividend data; and the cash dividend data generating device transmits the cash dividend data to the foreign currency and stablecoin exchange device via the initiating financial institution device.

3. The system as described in claim 1, wherein the cash dividend information further includes issuing company information, payee identification information, payee designated deposit financial institution, deposit account number, payee amount, scheduled deposit date and transaction identification information, wherein the payee identification information, the payee designated deposit financial institution and the deposit account number correspond to the cash dividend deposit terminal financial institution device.

4. The system as described in claim 1, wherein the cash dividend information further includes a scheduled posting date and a payment amount, wherein the checking operation includes: The foreign currency and stablecoin exchange device checks the format of the cash dividend data, the length of the cash dividend data, the format of the scheduled posting date, and the format of the payment amount.

5. The system as described in claim 1, wherein the cash dividend information further includes the recipient's designated crediting financial institution and the scheduled crediting date, wherein the sorting operation includes: The foreign currency and stablecoin exchange device classifies the cash dividend data using the recipient's designated crediting financial institution, the disbursement currency, and the scheduled crediting date.

6. The system as described in claim 1, wherein the cash dividend information further includes the recipient's designated depositing financial institution, depositing account number, recipient identification information, and scheduled deposit date, wherein the verification operation includes: The foreign currency and stablecoin exchange device verifies whether the designated financial institution for the payee is valid, whether the format of the deposit account is correct, whether the cash dividend information is duplicated, whether the scheduled deposit date is a business day, and whether the payee identification information matches the deposit account.

7. The system as claimed in claim 1, wherein the foreign currency and stablecoin exchange device transmits the deposit data file to the cash dividend depositing financial institution device, and the cash dividend depositing financial institution device performs the deposit operation corresponding to the deposit data file.

8. The system as described in claim 1, wherein when the cash dividend depositing financial institution device successfully executes the deposit operation, the cash dividend depositing financial institution device transmits a deposit success notification to the foreign currency and stablecoin exchange device.

9. The system as described in claim 1, wherein the cash dividend data further includes the deposit account number and the recipient identification information, wherein when the cash dividend depositing financial institution device fails to successfully perform the deposit operation, the cash dividend depositing financial institution device transmits a deposit failure notification to the foreign currency and stablecoin exchange device, wherein the deposit failure notification includes the deposit account number not existing, the deposit account number having an abnormal status, the disbursement currency being inconsistent, or the recipient identification information being inconsistent.

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