Trust preferred security method

• US 20030200164A1
• Filed: 04/19/2002
• Published: 10/23/2003
• Est. Priority Date: 04/19/2002
• Status: Abandoned Application

• Current Assignee: Dale F. Jacobs
• Original Assignee: Dale F. Jacobs
• Inventors: Jacobs, Dale F.
• Application Number:
  US10/128,651
• Publication Number:
  US 20030200164A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method of determining information concerning a trust preferred security is disclosed. A database is accessed and from the database the user obtains the identity of one or more trust preferred securities. In addition, the user obtains the issue yield, the current yield, the yield to call, the yield to maturity, the maturity date, the call date, the call price, the issue date, the dividend amount, the x-dividend date, the record date, and the dividend pay date for a trust preferred security. Other information that may be obtained includes whether any dividends are cumulative or non cumulative, whether deferral of the dividend is permitted by the trust agreement, and whether there is a guarantee of any type on the security. The user may also ascertain the nature of the underlying security, the nature of the trust security interest, the par value of the trust preferred security, the current bid price and the current offering price. Financial information about the issuer is shown as well as the current credit rating, if any, which rating agencies have assigned to the issuer or the Trust Preferred Security.

Claims

1. A method of determining information concerning a trust preferred security comprising

accessing a database and obtaining the identity of one or more trust preferred securities;

accessing one or more databases and obtaining the issue yield, the first maturity date, the issue date, the dividend amount, the x-dividend date, the record date, and the dividend pay date for a trust preferred security;

accessing one or more databases and ascertaining whether any dividends are cumulative or non cumulative, whether deferral of the dividend is permitted by the trust agreement, and whether there is a guarantee of any type on the security;

accessing one or more databases and ascertaining the nature of the underlying security, the nature of the trust security interest, the par value of the trust preferred security, the current yield, the yield to call, and the yield to maturity;

accessing one or more databases and ascertaining the current bid price, the current offering price, the next call date, and the call price.

2. The method according to claim 1 wherein the identity of the trust preferred security is its corporate name.

3. The method according to claim 2 wherein the information obtained includes the geographic location of the issuer of the trust preferred security.

4. The method according to claim 3 wherein the information obtained includes the stock symbol of the trust preferred security.

5. The method according to claim 4 wherein the information obtained includes the common stock symbol of the issuer and the preferred stock symbol of the trust preferred security.

6. The method according to claim 5 wherein the information obtained includes whether the trust preferred security is a bank trust preferred security or a thrift trust preferred security.

7. The method according to claim3 wherein the dividend information includes the annual dividend

8. The method according to claim3 wherein the dividend information includes the quarterly dividend.

9. The method according to claim 3 wherein the information obtained includes the size of the issue.

10. The method according to claim 3 wherein the information obtained includes the whether the dividend must be paid when due, and whether a guarantee is present.

11. The method according to claim 3 wherein the information obtained includes the nature of the underlying security issued by the holding company, nature of the trust security interest

12. The method according to claim 3 wherein the information obtained includes the whether the trust preferred security is a subordinated debenture or a junior subordinated debenture.

13. The method according to claim 3 wherein the information obtained includes information of whether the ownership interest is beneficial or not.

14. The method according to claim 3 wherein the information obtained includes the Preferred CUSIP number, the identity of the exchange where the securities are traded, and the common stock symbol.

15. The method according to claim 3 wherein the information obtained includes the number of days to the next call date, and the days to maturity, the ratings of the security, the assets of the companies issuing the trust preferred securities, their equity to assets ratio, the ratio of reserves to loans, the total dividend payout as a percent of net income, the return on assets, the return on equity.

16. The method according to claim 1 wherein one or more of the databases are accessed by a computer network having a web browser running on a client workstation that communicates with a web server application running on a web server computer system.