Unified Security Master File for Investment Portfolio Data

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Solution Overview

Problem

Conventional investment management systems require the creation of separate group definition files and hard-coded software customizations to handle multiple data values for similar attributes, leading to increased system complexity, implementation delays, and inefficiencies.

Innovation Solution

A method and system that allow users to define investment account attributes and automatically assemble different attribute values without the need for separate group definition files or hard-coded software customizations, using a security master module to create customized records with scope data values that prioritize data values for investment portfolio activities.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If separate group definition files and hard-coded software customizations are used to handle multiple data values for similar attributes, then the system can manage different attribute values for different groups, but the system complexity increases and implementation delays occur

Engineering Contradiction:

Improveability to handle multiple data values for similar attributesVSAvoidsystem complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent merges the functionality of separate group definition files and hard-coded customizations into a unified security master file structure. Multiple data values for similar attributes are stored directly in the security master file with scope indicators, eliminating the need for separate group definition files and reducing system complexity while maintaining the ability to handle multiple attribute values.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The security master file is designed to serve multiple functions: it stores security attributes, handles multiple data values for similar attributes, and provides scope-based differentiation all in a single unified structure. This multi-functional approach replaces the previous multi-file system and reduces overall system complexity.

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Adaptability or versatility

If separate group definition files and hard-coded software customizations are used, then different attribute values can be managed for different groups, but implementation delays and errors increase

Engineering Contradiction:

Improveability to customize attribute valuesVSAvoidimplementation delays

Core Design Contradiction:

Adaptability or versatilityVSLoss of time

Solution Approach 1:

The system performs preliminary organization of multiple attribute values within the security master file structure, with scope indicators pre-assigned to each data value. This preliminary organization eliminates the need for complex post-implementation configuration and reduces implementation delays by having everything ready in advance.

Inventive Principle:

Principle #10Preliminary action

3Adaptability or versatility

If separate group definition files are created for each distinct group, then specific attribute values can be assigned to specific groups, but the number of files and software customizations explodes

Engineering Contradiction:

Improveability to assign specific attribute values to groupsVSAvoidnumber of files and software customizations

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent consolidates what would have been multiple separate group definition files into a single security master file. Each security record can contain multiple data values for similar attributes with scope indicators specifying which groups they apply to, dramatically reducing the number of files from potentially dozens to just one.

Inventive Principle:

Principle #5Merging (Combining)

4Adaptability or versatility

If hard-coded software modifications are made for each account grouping, then the system can execute different operations for different groups, but the system becomes prone to error and inefficient

Engineering Contradiction:

Improveability to execute different operations for different groupsVSAvoiderror proneness

Core Design Contradiction:

Adaptability or versatilityVSReliability

Solution Approach 1:

The security master file structure enables the system to automatically determine which attribute values to use based on scope indicators and account groupings, without requiring hard-coded modifications. The system self-configures based on the data structure, reducing human error and improving reliability.

Inventive Principle:

Principle #25Self-service

Data Source

PatentUS7805348B2Systems and methods enabling investment activities via the creation and use of client-specific security files

Publication Date: 2010.09.28 TEGRA118 WEALTH SOLUTIONS INC

AI summary

Methods and system for performing an investment portfolio activity. A record associated with a security is stored. The record includes two or more data fields each associated with a respective security attribute, and each data field is associated with a single data value. A request to add a new data field to one of the security attributes is received, and the new data field is associated with a new data value. A customized record associated with the security is created, which includes the new data field and the new data value, and an order to perform an investment portfolio activity associated with the security is received. The investment portfolio activity is executed using the new data value included in the customized record.