Securitization of sales participation certificates
First Claim
1. A method for creating a financial product comprising:
- providing standard forms and terms to an issuer and to investors, the terms to the issuer including providing capital to the issuer in exchange for a return that is a function of future sales over a specified period of time, the terms to the investors being non-negotiable, the capital provided to the issuer being provided by investors investing in the financial product; and
arranging for the creation of instruments representing investment in the financial product in sufficient numbers and in appropriate denominations to facilitate trading so as to help provide liquidity in the underlying financial product.
1 Assignment
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Accused Products
Abstract
The invention relates to financial products that provide a return that is a function of future sales/revenues, preferably gross sales/revenue, over a specified period of time. One embodiment of a method for creating such a financial product includes providing standard forms to an issuer and underwriter and standard terms to an issuer and investors. The terms to the issuer include providing capital to the issuer in exchange for a return that is a function of future sales over a specified period of time. The process further includes creating instruments representing investment in the financial product. The process creates the instruments in sufficient numbers and in appropriate denominations to facilitate trading in the financial product.
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Citations
20 Claims
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1. A method for creating a financial product comprising:
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providing standard forms and terms to an issuer and to investors, the terms to the issuer including providing capital to the issuer in exchange for a return that is a function of future sales over a specified period of time, the terms to the investors being non-negotiable, the capital provided to the issuer being provided by investors investing in the financial product; and
arranging for the creation of instruments representing investment in the financial product in sufficient numbers and in appropriate denominations to facilitate trading so as to help provide liquidity in the underlying financial product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A financial product produced by a process comprising:
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providing standard forms and terms to an issuer and to investors, the terms to the issuer including providing capital to the issuer in exchange for a return that is a function of future sales over a period of time, the terms to the investors being non-negotiable, the capital provided to the issuer being provided by investors investing in the financial product; and
arranging for the creation of instruments representing investment in the financial product in sufficient numbers and in appropriate denominations to facilitate trading in the financial product. - View Dependent Claims (16)
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17. An electronic data processing method for preparing to register a sales participation based offering, the method comprising:
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receiving information regarding the amount of an issue desired by a potential issuer;
receiving sales information related to current sales and to sales growth rate for the potential issuer;
receiving discount rate information for the issue; and
calculating a function of future sales appropriate to service the issue. - View Dependent Claims (18, 19)
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20. A system for preparing to register a sales participation based offering, the system comprising:
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a memory for storing instructions; and
a processor in communication with the memory, the processor operative to utilize the instructions stored in the memory for;
receiving information regarding the amount of an issue desired by a potential issuer;
receiving sales information related to current sales and to sales growth rate for the potential issuer;
receiving discount rate information for the issue; and
calculating a function of future sales appropriate to service the issue.
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Specification