Company Filing History:
Years Active: 1986
Title: Innovations by Carlos F Bilbao
Introduction
Carlos F Bilbao is an accomplished inventor based in Brooklyn, NY. He has made significant contributions to the field of securities brokerage and cash management systems. His innovative approach has led to the development of a unique patent that addresses float costs in financial transactions.
Latest Patents
Carlos F Bilbao holds a patent for a "Securities brokerage-cash management system obviating float costs." This invention focuses on data processing for an improved securities brokerage and cash management system. It supervises, implements, and coordinates a margin securities brokerage account, allowing participation in short-term money market funds. The system utilizes electronically responsive subscriber identity credit/debit media and checking systems. Subscriber expenditures are applied hierarchically against the subscriber's free credit balance, short-term investment, and lendable equity in their securities account. The invention also includes a mechanism for verifying transactions and computing updated credit limits for each subscriber on a periodic basis. This innovative approach significantly reduces the time-interest cost of system float, ensuring that funds demands are met efficiently.
Career Highlights
Carlos F Bilbao is associated with Merrill, Lynch, Pierce, Fenner & Smith, a prominent financial services company. His work there has allowed him to apply his innovative ideas in a practical setting, contributing to advancements in the financial industry.
Collaborations
Carlos has collaborated with Thomas E Musmanno, further enhancing the development of his innovative systems.
Conclusion
Carlos F Bilbao's contributions to the field of securities brokerage and cash management systems demonstrate his commitment to innovation. His patent reflects a deep understanding of financial processes and a desire to improve efficiency in the industry.