Synthetic funds having structured notes
First Claim
1. A process for creating and issuing a synthetic fund comprising:
- receiving a request to purchase at least one structured note, where the request comprises;
an amount of the at least one structured note; and
at least one term of the at least one structured note;
generating the at least one structured note based on the request;
receiving payment for the at least one structured note; and
issuing the at least one structured note, where the at least one structured note is an unsecured liability of the obligor.
3 Assignments
0 Petitions
Accused Products
Abstract
The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor'"'"'s discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment.
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Citations
80 Claims
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1. A process for creating and issuing a synthetic fund comprising:
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receiving a request to purchase at least one structured note, where the request comprises;
an amount of the at least one structured note; and
at least one term of the at least one structured note;
generating the at least one structured note based on the request;
receiving payment for the at least one structured note; and
issuing the at least one structured note, where the at least one structured note is an unsecured liability of the obligor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A process for creating and issuing a synthetic fund comprising:
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receiving a request to purchase at least one structured note, where the request comprises;
an amount of the at least one structured note; and
at least one term of the at least one structured note, where the at least one term of the note includes;
a) a valuation of the at least one structured note based on at least one objective valuation measure; and
b) a time period for redeeming the at least one structured note generating the at least one structured note based on the request;
receiving payment for the at least one structured note; and
issuing the at least one structured note, where the at least one structured note is an unsecured liability of the obligor. - View Dependent Claims (9, 10, 11, 12)
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13. A process for creating and issuing a synthetic fund comprising:
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receiving a request to purchase at least one structured note, where the request comprises;
an amount of the at least one structured note; and
at least one term of the at least one structured note, where the at least one term of the note includes;
a) a valuation of the at least one structured note based on at least one objective valuation measure, where the valuation is based on the at least one objective valuation measure without a predetermined amount of fees associated with the objective evaluation measure; and
b) a time period for redeeming the at least one structured note, where the valuation of the at least one structured note is based in part on the time period for redeeming the at least one structured note;
generating the at least one structured note based on the request;
receiving payment for the at least one structured note, where the payment for the structured note is based on the objective valuation measure at the time of the payment; and
issuing the at least one structured note, where the at least one structured note is an unsecured liability of the obligor. - View Dependent Claims (14)
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15. A synthetic fund for purchase as a financial product comprising:
a structured note issued by an obligor, where the structured note is an unsecured liability of the obligor, and the structure note comprises at least one term, where the at least one term includes a valuation based on at least one objective valuation measure. - View Dependent Claims (16, 17, 18, 19, 20)
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21. A synthetic fund for purchase as a financial product comprising:
a structured note issued by an obligor, where the structured note is an unsecured liability of the obligor, and the structure note comprises at least one term, where the at least one term includes a valuation based on at least one objective valuation measure and a time period for redeeming the at least one structured note, where payment for the structured note is based on the objective valuation measure at the time of the payment. - View Dependent Claims (22, 23, 24)
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25. A synthetic fund for purchase as a financial product comprising:
a structured note issued by an obligor, where the structured note is an unsecured liability of the obligor, and the structure note comprises a plurality of terms comprising a valuation based on at least one objective valuation measure without a predetermined amount of fees associated with the objective evaluation measure and a time period for redeeming the at least one structured note, where the valuation of the at least one structured note is based in part on the time period for redeeming the at least one structured note, and where payment for the structured note is based on the objective valuation measure at the time of the payment. - View Dependent Claims (26)
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27. A system for issuing a structured note for a synthetic fund, the system comprising:
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a request module for receiving a request to purchase the structured note;
a generating module for generating the structured note;
an purchase module for receiving payment to purchase the structured note; and
an issuing module for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor. - View Dependent Claims (28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
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38. A system for issuing a structured note for a synthetic fund, the system comprising:
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a request module for receiving a request to purchase the structured note, where the request comprises the terms of the structured note and the amount of purchase, and where the terms of the at least one structured note further comprise the valuation of the structured note and a time period for redeeming the at least one structured note;
a generating module for generating the structured note, where the generating module generates a unique identifier for the structured note and where the purchaser has an identifier;
an purchase module for receiving payment to purchase the structured note;
an issuing module for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor; and
a storage module, where the storage module stores and links the unique identifier for the structured note and the purchaser identifier. - View Dependent Claims (39, 40, 41, 42, 43, 44)
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45. A system for issuing a structured note for a synthetic fund, the system comprising:
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means for receiving a request to purchase the structured note;
means for generating the structured note;
means for receiving payment to purchase the structured note; and
means for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor. - View Dependent Claims (46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 59, 60)
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56. A system for issuing a structured note for a synthetic fund, the system comprising:
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means for receiving a request to purchase the structured note, where the request comprises the terms of the structured note and the amount of purchase, and where the terms of the at least one structured note further comprise the valuation of the structured note and a time period for redeeming the at least one structured note;
means for generating the structured note, where the generating module generates a unique identifier for the structured note and where the purchaser has an identifier;
means for receiving payment to purchase the structured note;
means for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor; and
means for storing and linking the unique identifier for the structured note and the purchaser identifier. - View Dependent Claims (57, 58, 61, 62)
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63. A computer readable medium for causing a process to issue a structured note for a synthetic fund, the medium comprising:
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code for receiving a request to purchase the structured note;
code for generating the structured note;
code for receiving payment to purchase the structured note; and
code for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor. - View Dependent Claims (64, 65, 66, 67, 68, 69, 70, 71, 72, 73)
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74. A computer readable medium for causing a processor to issue a structured note for a synthetic fund, the medium comprising:
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code for receiving a request to purchase the structured note, where the request comprises the terms of the structured note and the amount of purchase, and where the terms of the at least one structured note further comprise the valuation of the structured note and a time period for redeeming the at least one structured note;
code for generating the structured note, where the generating module generates a unique identifier for the structured note and where the purchaser has an identifier;
code for receiving payment to purchase the structured note;
code for issuing the structured note in response to the request, where the structured note is an unsecured liability of the obligor; and
code for storing and linking the unique identifier for the structured note and the purchaser identifier. - View Dependent Claims (75, 76, 77, 78, 79, 80)
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Specification