Claims:WE CLAIM:
1. A method of providing real-time unified viewing access to plurality of users for monitoring collateral asset allocation, the method comprising:
receiving, by a collateral allocation system (101), allocation information (113) related to allocation of one or more collateral assets between a provider (105) and a receiver (107), from a manager tri-party agent (103) of the one or more collateral assets;
retrieving, by the collateral allocation system (101), allocation rules (115) determined by bilaterally agreed collateral terms and real-time data (117) related to the provider (105) and the receiver (107) from a reference database (111) associated with the collateral allocation system (101);
validating, by the collateral allocation system (101), the allocation of the one or more collateral assets by comparing the allocation information (113), the allocation rules (115) determined by bilaterally agreed collateral terms, and the real-time data (117) with regulatory rules (118);
allocating, by the collateral allocation system (101), the one or more collateral assets to the receiver (107) from the provider (105) based on the validation; and
providing, by the collateral allocation system (101), a real-time unified view (119) of the one or more collateral assets allocated to each of the plurality of users.

2. The method as claimed in claim 1, wherein the allocation information (113) comprises at least one of a Required Value (RQV) of the one or more collateral assets, initial margin of one or more collateral assets and agreed margin of the one or more collateral assets.

3. The method as claimed in claim 1, wherein the regulatory rules (118) are predetermined set of rules provided by one or more regulators (121) of the collateral asset allocation process.

4. The method as claimed in claim 1, wherein the regulatory rules (118) comprises at least one of rules for checking eligibility of the provider (105) and the receiver (107), rules for checking wrong way risks, concentration limits, credit quality steps, and difference between market values of the one or more collateral assets and a predefined collateral value.

5. The method as claimed in claim 1, wherein the allocation rules (115) determined by bilaterally agreed collateral terms comprise mutual agreements between the provider (105) and the receiver (107) and are periodically updated.

6. The method as claimed in claim 1, wherein validating the allocation of the one or more collateral assets comprises determining, by the collateral allocation system (101), compliance of the allocation rules (115) determined by bilaterally agreed collateral terms with the regulatory rules (118).

7. The method as claimed in claim 1, wherein validation and allocation of the one or more collateral assets to the receiver (107) from the provider (105) are implemented on a collateral allocation blockchain platform.

8. The method as claimed in claim 1, wherein the plurality of users comprises the provider (105), the receiver (107), the manager tri-party agent (103), one or more regulators (121) of the collateral asset allocation and one or more monitoring organizations (123) associated with the receiver (107) and the provider (105).

9. A collateral allocation system (101) for providing real-time unified viewing access to plurality of users for monitoring collateral asset allocation, the collateral allocation system (101) comprises:
a processor; and
a memory communicatively coupled to the processor, wherein the memory stores processor-executable instructions, which, on execution, causes the processor to:
receive allocation information (113) related to allocation of one or more collateral assets between a provider (105) and a receiver (107), from a manager tri-party agent (103) of the one or more collateral assets;
retrieve allocation rules (115) determined by bilaterally agreed collateral terms and real-time data (117) related to the provider (105) and the receiver (107) from a reference database (111) associated with the collateral allocation system (101);
validate the allocation of the one or more collateral assets by comparing the allocation information (113), the allocation rules (115) determined by bilaterally agreed collateral terms, and the real-time data (117) with regulatory rules (118);
allocate the one or more collateral assets to the receiver (107) from the provider (105) based on the validation; and
provide a real-time unified view (119) of the one or more collateral assets allocated to the plurality of users involved in the monitoring of collateral asset allocation.

10. The collateral allocation system (101) as claimed in claim 9, wherein the allocation information (113) comprises at least one of a Required Value (RQV) of the one or more collateral assets, initial margin of one or more collateral assets and agreed margin of the one or more collateral assets.

11. The collateral allocation system (101) as claimed in claim 9, wherein the regulatory rules (118) are predetermined set of rules provided by one or more regulators (121) of the collateral asset allocation process.

12. The collateral allocation system (101) as claimed in claim 9, wherein the regulatory rules (118) comprises at least one of rules for checking eligibility of the provider (105) and the receiver (107), rules for checking wrong way risks, concentration limits, credit quality steps, and difference between market values of the one or more collateral assets and collateral value.

13. The collateral allocation system (101) as claimed in claim 9, wherein the allocation rules (115) determined by bilaterally agreed collateral terms comprise mutual agreements between the provider (105) and the receiver (107) and are periodically updated by the processor.

14. The collateral allocation system (101) as claimed in claim 9, wherein the instructions cause the processor to determine compliance of the allocation rules (115) determined by bilaterally agreed collateral terms with the regulatory rules (118) to validate the allocation of the one or more collateral assets.

15. The collateral allocation system (101) as claimed in claim 9, wherein the instructions cause the processor to perform validation and allocation of the one or more collateral assets to the receiver (107) on a collateral allocation blockchain platform.

16. The collateral allocation system (101) as claimed in claim 9, wherein the plurality of users comprises the provider (105), the receiver (107), the manager tri-party agent (103), one or more regulators (121) of the collateral asset allocation and one or more monitoring organizations (123) associated with the receiver (107) and the provider (105).

Dated this 12th day of June 2017

SWETHA S. N
OF K&S PARTNERS
AGENT FOR THE APPLICANT
, Description:TECHNICAL FIELD
The present subject matter is related, in general to collateral management and more particularly, but not exclusively to a method and system for providing real-time viewing access to users for monitoring collateral allocation.