Systems and methods for school districts and municipalities to maximize interest earnings on their investments
First Claim
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1. A method for an investor to select and make an investment with an investee, said method comprising:
- a) the investor advertising the amount and term of the investment;
b) a plurality of investees bidding for the advertised investment during a bidding period, the bidding including indicating a rate of return;
c) after the bidding period has ended, the investor selecting an investee based at least in part of the bids; and
d) the investor making the investment with the selected investee.
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Abstract
Systems and methods by which an investor can solicit bids from banks and/or financial institutions to obtain the best rate of return on an investment. According to the presently preferred embodiment, these methods are implemented via a computing and telecommunications system, e.g. a secure server coupled to the Internet.
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Citations
23 Claims
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1. A method for an investor to select and make an investment with an investee, said method comprising:
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a) the investor advertising the amount and term of the investment;
b) a plurality of investees bidding for the advertised investment during a bidding period, the bidding including indicating a rate of return;
c) after the bidding period has ended, the investor selecting an investee based at least in part of the bids; and
d) the investor making the investment with the selected investee. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for municipalities and school districts to select and make an investment with banks or financial institutions, said method comprising:
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a) the municipalities and school districts advertising the amount and term of the investments they want to make;
b) the banks and financial institutions bidding for the advertised investments during a bidding period, the bidding including indicating a rate of return;
c) after the bidding period has ended, the municipalities and school districts selecting banks and financial institutions based at least in part on the bids; and
d) the municipalities and school districts making the investments with the selected banks and financial institutions. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method for municipalities and school districts to select and make investments with banks or financial institutions via the Internet, said method comprising:
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a) the municipalities and school districts advertising the amount and term of the investments they want to make on a secure web site;
b) the banks and financial institutions bidding for the advertised investments on the web site during a bidding period, the bidding including indicating a rate of return;
c) after the bidding period has ended, the municipalities and school districts selecting, via the web site, banks and financial institutions based at least in part on the bids; and
d) the municipalities and school districts making the investments with the selected banks and financial institutions. - View Dependent Claims (16, 17, 18, 19)
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20. A system for an investor to select and make an investment with an investee, said system comprising:
a secure server coupled to the Internet, said secure server including a) means for receiving investment information from the investor, said investment information including the amount and term of the investment;
b) means for advertising at least some of the investment information via the Internet;
c) means for accepting bids for the advertised investment from investees vis the Internet during a bidding period, the bids including a rate of return; and
d) means for displaying the bids via the Internet to the investor. - View Dependent Claims (21, 22, 23)
Specification