Multiple computer system supporting a private constant-dollar financial product

• US 20050080698A1
• Filed: 07/06/2004
• Published: 04/14/2005
• Est. Priority Date: 03/31/1999
• Status: Active Grant

• Current Assignee: TASK Management Incorporated
• Original Assignee: New Market Solutions LLC
• Inventors: Perg, Wayne F., Herbst, Anthony F., Gidley, T. Brian
• Granted Patent: US 7,702,550 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Computers and data processing systems, especially pertaining to a constant-dollar financial product. Exemplary implementations include, a machine, a method for use and method for making, and corresponding products produced thereby, as well as data structures, computer-readable media tangibly embodying program instructions, manufactures, and necessary intermediates of the foregoing. Respectively, computers can use private, constant-dollar financial product data and nominal dollar data corresponding thereto, and communicate so as to cooperate (e.g., including transmit, receive) in computing a constant dollar to nominal dollar conversion for a financial product, the computers generating different output.

Claims

1. A multiple computer system to support a constant-dollar financial product, the system including:

a first computer controlled by a program to carry out steps including;

storing private, constant-dollar financial product data;

storing nominal dollar data corresponding to said private, constant-dollar financial product data;

a second computer controlled by a program to carry out steps including;

storing said private, constant-dollar financial product data;

storing said nominal dollar data corresponding to said private, constant-dollar financial product data; and

a communications system between the computers;

wherein;

said computers cooperate in a process including use of said data in computing a constant dollar to nominal dollar conversion for the financial product; and

wherein said computers are respectively programmed to generate different output using said stored data.

2. The computer system of claim 1, wherein one of said computers includes an investment-creating computer.

3. The computer system of claim 1, wherein one of said computers includes an investment banker computer.

4. The computer system of claim 1, wherein one of said computers includes a reporting computer.

5. The computer system of claim 1, wherein one of said computers includes a rating agency computer.

6. The computer system of claim 1, wherein one of said computers includes a trading computer.

7. The computer system of claim 1, wherein one of said computers includes a broker computer.

8. The computer system of claim 1, wherein one of said computers includes an investor computer.

9. The computer system of claim 1, wherein one of said computers includes a servicing computer.

10. The computer system of claim 1, wherein one of said computers includes an issuer computer.

11. The computer system of claim 1, wherein one of said computers includes an accounting computer.

12. The computer system of claim 1, wherein one of said computers includes a pension fund computer.

13. The computer system of claim 1, wherein one of said computers includes an investment manager computer.

14. The computer system of claim 1, wherein one of said computers includes an investment company computer.

15. The computer system of claim 1, wherein one of said computers includes an investment adviser computer.

16. The computer system of claim 1, wherein one of said computers includes an insurance computer.

17. The computer system of claim 1, wherein one of said computers includes a bank computer.

18. The computer system of claim 1, wherein one of said computers includes a clearing computer.

19. The computer system of claim 1, wherein one of said computers includes a mortgage banker computer.

20. The computer system of claim 1, wherein the financial product is comprised of a loan.

21. The computer system of claim 1, wherein the financial product is comprised of a reverse loan.

22. The computer system of claim 1, wherein the financial product is comprised of a mortgage.

23. The computer system of claim 1, wherein the financial product is comprised of a vehicle loan.

24. The computer system of claim 1, wherein the financial product is comprised of an aircraft loan.

25. The computer system of claim 1, wherein the financial product is comprised of a construction loan.

26. The computer system of claim 1, wherein the financial product is comprised of a bond.

27. The computer system of claim 1, wherein the financial product is comprised of a tax exempt bond.

28. The computer system of claim 1, wherein the financial product is comprised of a business loan.

29. The computer system of claim 1, wherein the financial product is comprised of insurance.

30. The computer system of claim 1, wherein the financial product is comprised of an annuity.

31. The computer system of claim 1, wherein the financial product is comprised of a defined contribution plan.

32. The computer system of claim 1, wherein the financial product is comprised of a defined benefit plan.

33. The computer system of claim 1, wherein the financial product is comprised of a pension plan.

34. The computer system of claim 1, wherein the financial product is comprised of currency.

35. The computer system of claim 1, wherein the financial product is comprised of a futures contract.

36. The computer system of claim 1, wherein the financial product is comprised of an options contract.

37. The computer system of claim 1, wherein the financial product is comprised of a forward.

38. The computer system of claim 1, wherein the financial product is comprised of a swap.

39. The computer system of claim 1, wherein the financial product is comprised of a derivative.

40. The computer system of claim 1, wherein the financial product is comprised of a debenture.

41. The computer system of claim 1, wherein the financial product is comprised of a deposit.

42. The computer system of claim 1, wherein the financial product is comprised of a note.

43. The computer system of claim 1, wherein the financial product is comprised of a certificate of deposit.

44. The computer system of claim 1, wherein the financial product is comprised of an investment company share.

45. The computer system of claim 1, wherein the financial product is comprised of an asset-backed security.

46. The computer system of claim 1, wherein the financial product is comprised of an international lending contract.

47. The computer system of claim 1, wherein the financial product is comprised of a trust.

48. The computer system of claim 1, wherein the financial product is comprised of a real estate investment trust.

49. The computer system of claim 1, wherein the financial product is comprised of a real estate mortgage investment conduit.

146. The computer system of any one of claims 1-49, or 98-145, wherein the communications system is the Internet, and further comprising at least one communication over the Internet for carrying out said process.

150. A financial document produced by the process of any one of claims 49-97

50. A computer-aided method to support a constant-dollar financial product, the method including:

program-controlling a first computer to carry out steps including;

storing private, constant-dollar financial product data;

storing nominal dollar data corresponding to said private, constant-dollar financial product data;

program-controlling a first computer a second computer to carry out steps including;

storing said private, constant-dollar financial product data;

storing said nominal dollar data corresponding to said private, constant-dollar financial product data;

using a communications system between the computers to enable said computers to cooperate in a process including using said data in computing a constant dollar to nominal dollar conversion for the financial product;

wherein the process includes generating different financial product outputs at said computers by respectively using said stored data at each of said computers.

51. The method of claim 50, wherein the step of generating includes generating an instrument corresponding to the financial product with one of said computers as one of said outputs.

52. The method of claim 50, wherein the step of generating includes generating investment banking documentation corresponding to the financial product with one of said computers as one of said outputs.

53. The method of claim 50, wherein the step of generating includes generating financial reporting corresponding to the financial product with one of said computers as one of said outputs.

54. The method of claim 50, wherein the step of generating includes generating a rating for an instrument corresponding to the financial product with one of said computers as one of said outputs.

55. The method of claim 50, wherein the step of generating includes generating documentation of a trade of an instrument corresponding to the financial product, the trade carried out by one of said computers, as one of said outputs.

56. The method of claim 50, wherein the step of generating includes generating documentation of a brokerage transaction of an instrument corresponding to the financial product, the brokerage transaction carried out by one of said computers, as one of said outputs.

57. The method of claim 50, wherein the step of generating includes generating investor documentation corresponding to the financial product as one of said outputs.

58. The method of claim 50, wherein the step of generating includes generating servicing documentation corresponding to the financial product as one of said outputs.

59. The method of claim 50, wherein the step of generating includes generating issuer documentation corresponding to the financial product as one of said outputs.

60. The method of claim 50, wherein the step of generating includes generating issuer accounting documentation corresponding to the financial product as one of said outputs.

61. The method of claim 50, wherein the step of generating includes generating investor accounting documentation corresponding to the financial product as one of said outputs.

62. The method of claim 50, wherein the step of generating includes generating investment manager documentation corresponding to the financial product as one of said outputs.

63. The method of claim 50, wherein the step of generating includes generating investment fund documentation corresponding to the financial product as one of said outputs.

64. The method of claim 50, wherein the step of generating includes generating investment advisor documentation corresponding to the financial product as one of said outputs.

65. The method of claim 50, wherein the step of generating includes generating insurance documentation corresponding to the financial product as one of said outputs.

66. The method of claim 50, wherein the step of generating includes generating banking documentation corresponding to the financial product as one of said outputs.

67. The method of claim 50, the step of generating includes generating clearing documentation corresponding to the financial product as one of said outputs.

68. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a loan.

69. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a reverse loan.

70. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a mortgage.

71. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a vehicle loan.

72. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an aircraft loan.

73. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a construction loan.

74. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a bond.

75. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a tax exempt bond.

76. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a business loan.

77. The method of claim 50, wherein one of the steps is carried out with financial product comprised of insurance.

78. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an annuity.

79. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a defined contribution plan.

80. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a defined benefit plan.

81. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a pension plan.

82. The method of claim 50, wherein one of the steps is carried out with financial product comprised of currency.

83. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a futures contract.

84. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an options contract.

85. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a forward.

86. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a swap.

87. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a derivative.

88. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a debenture.

89. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a deposit.

90. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a note.

91. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a certificate of deposit.

92. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an investment company share.

93. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an asset-backed security.

94. The method of claim 50, wherein one of the steps is carried out with financial product comprised of an international lending contract.

95. The method of claim 50, wherein one of the steps is carried out with financial product comprised of a trust.

96. The method of claim 50, wherein one of the steps is carried out with financial product of a real estate investment trust.

97. The method of claim 50, wherein one of the steps is carried out with financial product of a real estate mortgage investment conduit.

147. The method one of claims 50-97, wherein the step of using a communications system between the computers includes using the Internet.

98. A multiple computer system to support a constant-dollar financial product, the system including:

a first computer means for;

storing private, constant-dollar financial product data;

storing nominal dollar data corresponding to said private, constant-dollar financial product data;

a second computer means for;

storing said private, constant-dollar financial product data;

storing said nominal dollar data corresponding to said private, constant-dollar financial product data;

a communications system between the computers;

wherein;

said computer means cooperate in a process including use of said data in computing a constant dollar to nominal dollar conversion for the financial product; and

wherein said computer means are respectively programmed for generating different output using said stored data.

99. The computer system of claim 98, wherein one of said computer means includes an investment-creating computer.

100. The computer system of claim 98, wherein one of said computer means includes an investment banker computer.

101. The computer system of claim 98, wherein one of said computer means includes a reporting computer.

102. The computer system of claim 98, wherein one of said computer means includes a rating agency computer.

103. The computer system of claim 98, wherein one of said computer means includes a trading computer.

104. The computer system of claim 98, wherein one of said computer means includes a broker computer.

105. The computer system of claim 98, wherein one of said computer means includes an investor computer.

106. The computer system of claim 98, wherein one of said computer means includes a servicing computer.

107. The computer system of claim 98, wherein one of said computer means includes an issuer computer.

108. The computer system of claim 98, wherein one of said computer means includes an accounting computer.

109. The computer system of claim 98, wherein one of said computer means includes a pension fund computer.

110. The computer system of claim 98, wherein one of said computers means includes an investment manager computer.

111. The computer system of claim 98, wherein one of said computers means includes an investment company computer.

112. The computer system of claim 98, wherein one of said computers means includes an investment adviser computer.

113. The computer system of claim 98, wherein one of said computers means includes an insurance computer.

114. The computer system of claim 98, wherein one of said computers means includes a bank computer.

115. The computer system of claim 98, wherein one of said computers means includes a clearing computer.

116. The computer system of claim 98, wherein the financial product is comprised of a loan.

117. The computer system of claim 98, wherein the financial product is comprised of a reverse loan.

118. The computer system of claim 98, wherein the financial product is comprised of a mortgage.

119. The computer system of claim 98, wherein the financial product is comprised of a vehicle loan.

120. The computer system of claim 98, wherein the financial product is comprised of an aircraft loan.

121. The computer system of claim 98, wherein the financial product is comprised of a construction loan.

122. The computer system of claim 98, wherein the financial product is comprised of a bond.

123. The computer system of claim 98, wherein the financial product is comprised of a tax exempt bond.

124. The computer system of claim 98, wherein the financial product is comprised of a business loan.

125. The computer system of claim 98, wherein the financial product is comprised of insurance.

126. The computer system of claim 98, wherein the financial product is comprised of an annuity.

127. The computer system of claim 98, wherein the financial product is comprised of a defined contribution plan.

128. The computer system of claim 98, wherein the financial product is comprised of a defined benefit plan.

129. The computer system of claim 98, wherein the financial product is comprised of a pension plan.

130. The computer system of claim 98, wherein the financial product is comprised of currency.

131. The computer system of claim 98, wherein the financial product is comprised of a futures contract.

132. The computer system of claim 98, wherein the financial product is comprised of an options contract.

133. The computer system of claim 98, wherein the financial product is comprised of a forward.

134. The computer system of claim 98, wherein the financial product is comprised of a swap.

135. The computer system of claim 98, wherein the financial product is comprised of a derivative.

136. The computer system of claim 98, wherein the financial product is comprised of a debenture.

137. The computer system of claim 98, wherein the financial product is comprised of a deposit.

138. The computer system of claim 98, wherein the financial product is comprised of a note.

139. The computer system of claim 98, wherein the financial product is comprised of a certificate of deposit.

140. The computer system of claim 98, wherein the financial product is comprised of an investment company share.

141. The computer system of claim 98, wherein the financial product is comprised of an asset-backed security.

142. The computer system of claim 98, wherein the financial product is comprised of an international lending contract.

143. The computer system of claim 98, wherein the financial product is comprised of a trust.

144. The computer system of claim 98, wherein the financial product is comprised of a real estate investment trust.

145. The computer system of claim 98, wherein the financial product is comprised of a real estate mortgage investment conduit.

148. A computer-aided method making a product of financial documentation, the method induding:

program-controlling a first computer to carry out steps including;

storing private, constant-dollar financial product data;

storing nominal dollar data corresponding to said private, constant-dollar financial product data;

program-controlling a first computer a second computer to carry out steps including;

storing said private, constant-dollar financial product data;

storing said nominal dollar data corresponding to said private, constant-dollar financial product data;

using a communications system between the computers to enable said computers to cooperate in a process including using said data in computing a constant dollar to nominal dollar conversion for the financial product;

wherein the process includes generating different financial product outputs at said computers by respectively using said stored data at each of said computers, said outputs including respective instrument documentation.

149. The method of claim 148, wherein said instrument documentation is devoid of federal constant dollar instrument documentation.