Corporate products trading marketplace
First Claim
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1. A method for permitting a company to sell UPA'"'"'s, said method comprising:
- transferring UPA'"'"'s from said company to a second party in return for a cash and/or asset payment;
said company obligating itself to earn a variable number of consumption points over an agreed to consumption period by making future purchases of assets, each purchase having a number of consumption points associated therewith.
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Abstract
A company transfers underperforming assets (UPA'"'"'s) to a second party in return for a cash and/or asset payment. The company obligates itself to earn a variable number of consumption points for an agreed to consumption period by making future purchases of assets. Each purchase has a known number of consumption points associated therewith. The number of consumption points to be earned varies as a function of a periodically applied interest rate. A computerized, preferably web-based, system is used to carry out the foregoing process.
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Citations
117 Claims
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1. A method for permitting a company to sell UPA'"'"'s, said method comprising:
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transferring UPA'"'"'s from said company to a second party in return for a cash and/or asset payment;
said company obligating itself to earn a variable number of consumption points over an agreed to consumption period by making future purchases of assets, each purchase having a number of consumption points associated therewith. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53)
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26. A method for permitting a company to sell UPA'"'"'s, said method comprising:
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transferring UPA'"'"'s from said company to a second party in return for a cash payment from a financial institution;
said company obligating itself to earn a variablenumber of consumption points over an agreed to consumption period by making future purchases of assets, each purchase having a number of consumption points associated therewith;
said financial institution receiving a percentage of each purchase of said assets during said consumption period.
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54. An electronic marketplace enabling companies to enter into deals for the sale of their UPA'"'"'s, each deal involving at least a company and a UPA buyer and including the sale of UPA'"'"'s by said company to said UPA buyer, a cash and/or asset payment to said company and an obligation on the part of said company to purchase future assets to fulfill an agreed to consumption point obligation, said system comprising:
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a marketplace administration system connected to a communication network;
a plurality of user terminals connected to said communication network whereby a plurality of companies and one or more UPA buyers can communicate with said marketplace administration system over said communication network;
said marketplace administration system presenting a plurality of trading sites to at least some users of said user terminals, said user sites including;
one or more UPA trading sites at which said companies can offer to sell their UPA'"'"'s to one or more of said UPA buyers, whereby deals can be entered into between said companies and said UPA buyers and relevant parameters of said deals can be entered into said market administration system; and
one or more sales sites at which said companies can purchase said assets, said sales sites providing an indication of both the price of each said asset and the number of consumption points to be awarded upon the purchase of each said asset;
said marketplace administration system keeping track of said deals and said outstanding balance of consumption points for each said deal. - View Dependent Claims (55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84)
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85. An electronic marketplace enabling companies to enter into deals with at least UPA buyers and financial institutions for the sale of their UPA'"'"'s, each deal including the sale of UPA'"'"'s by said company, a cash and/or asset payment to said company and an obligation on the part of said company to purchase future assets to fulfill an agreed to consumption point obligation, said system comprising:
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a marketplace administration system connected to a communication network;
a plurality of user terminals connected to said communication network whereby a plurality of companies and one or more UPA buyers can communicate with said marketplace administration system over said communication network;
said marketplace administration system presenting a plurality of trading sites to at least some users of said user terminals, said user sites including;
one or more UPA trading sites accessible to said companies, said financial institution and said UPA buyers and at which said companies can offer to sell their UPA'"'"'s to one or more of said UPA buyers, the deal being financed by said financial institution, whereby deals can be entered into between said companies, said financial institution and said UPA buyers and relevant parameters of said deals can be entered into said market administration system; and
one or more sales sites at which said companies can purchase said assets, said sales sites providing an indication of both the price of each said asset and the number of consumption points to be awarded upon the purchase of each said asset;
said marketplace administration system keeping track of said deals and said outstanding balance of consumption points for each said deal. - View Dependent Claims (86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 115, 116, 117)
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114. A method for permitting a company to sell UPA'"'"'s, said method comprising:
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transferring UPA'"'"'s from said company to a second party in return for a cash and/or asset payment;
said company obligating itself to make future purchases of assets, wherein the amount of future purchases is variable.
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Specification
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Current AssigneeThe Chase Manhattan Bank (JP Morgan Chase & Co)
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Original AssigneeThe Chase Manhattan Bank (JP Morgan Chase & Co)
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InventorsCohen, Steven, Lewis, James E., Trenk, Michael, Donelian, Stephan V., Slavin, Fred G., Kaplan, Judah
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Application NumberUS09/760,577Publication NumberTime in Patent OfficeDaysField of SearchUS Class Current705/37CPC Class CodesG06Q 30/0226 Incentive systems for frequ...G06Q 30/0239 Online discounts or incentivesG06Q 40/04 Trading; Exchange, e.g. sto...
