{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11488260","patent":{"patent_number":"US-11488260","title":"Method and system for consolidating and economising transactions","assignee":null,"inventors":[],"filing_date":"2020-11-23T00:00:00.000Z","publication_date":"2022-11-01T00:00:00.000Z","cpc_codes":["G06Q","G06F","G06Q","G06Q","G06Q","G06Q","G06Q","G06Q"],"num_claims":32,"abstract":"Systems (and associated methods) for reducing a number of asset transfers between holdings institutions in order to balance accounts are disclosed herein. Such systems may include one or more data centers; a hierarchy of processors comprising at least a level one level having a plurality of level one processors and a level two level having one or more level two processors, each level one processor in the hierarchy in communication with a level two processor in the hierarchy; and a plurality of holdings institutions each in communication with a first level one processor of the plurality of level one processors, each of the plurality of holdings institutions having one or more accounts comprising assets. The holdings institutions, the processors, and the data centers may each perform balancing determinations at their level in the system upon receipt of a report of one or more to balancing determinations made by lower level entities in the system. The data center may instruct one or more other elements of the system in the actual transfer of assets according to such balancing determinations."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Method and system for consolidating and economising transactions","description":"Systems (and associated methods) for reducing a number of asset transfers between holdings institutions in order to balance accounts are disclosed herein. Such systems may include one or more data cen","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11488260","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11488260","citation_suggestion":"Patentable. \"Method and system for consolidating and economising transactions\" (US-11488260). https://patentable.app/patents/US-11488260","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11488260","json":"https://patentable.app/api/llm-context/US-11488260","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T17:18:19.347Z"}