Method for investing working capital
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Abstract
A method of doing business comprises receiving an investment contract offer from a corporate investor specifying a principal amount and a maturation term. The investment contract offer is communicated to a plurality of securities dealers, each of whom may communicate an acceptance of the offer by providing an identification of the securities and a rate. At the end of a predetermined time period, a selection algorithm is used to select the most favorable or aggregation of most favorable acceptances to the corporate investor. In one embodiment of the invention, selection at the close of the predetermined time period is automatic acceptance and is communicated to the corporate investor and to the securities dealer having the selected acceptance.
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Citations
41 Claims
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26. A method for using a device to facilitate short term investments of working capital by corporate investors, comprising:
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determining a principal amount of working capital for investment;
determining a specific maturity term for said principal amount;
utilizing said principal amount and said specific maturity term to form an investment contract offer;
providing said investment contract offer in a device coupling said device to a central server;
uploading said investment contract offer to said server from said device;
receiving at said device at least one transaction acceptance response to said investment contract offer from said central server, said central server providing said at least one transaction acceptance in response to receiving said at least one transaction acceptance response from at least one of a plurality of securities dealers; and
utilizing said central server to select said at least one transaction acceptance response. - View Dependent Claims (27, 28, 29, 30, 31)
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32. A method for facilitating placement of short term debt instruments by a securities dealer, comprising:
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coupling a device accessible by said securities dealer to a central server;
receiving from said central server an investment contract offer from a corporate investor of working capital, said investment contract offer being formed in accordance with the steps of determining a principal amount to be invested, determining an investment term, and identifying a predetermined time during which transaction acceptance responses will be received for said investment contract offer;
identifying an investment instrument and a corresponding interest rate;
utilizing said identified investment instrument and corresponding interest rate to form a transaction acceptance response;
uploading from said device said transaction acceptance response to said central server during said predetermined period of time; and
receiving transaction confirmation from said central server. - View Dependent Claims (33, 34, 35)
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36. A method to facilitate transactions between corporate investors desiring to invest working capital and securities dealers desiring to market short term instruments, said method comprising:
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determining a principal amount of working capital for investment;
determining a specific maturity term for said principal amount;
forming an investment contract offer from said principal amount and said specific maturity term;
uploading said investment contract offer to a central server;
utilizing said central server to perform the following steps;
receiving said investment contract offer;
informing a plurality of securities dealers of said investment contract offer;
identifying a predetermined time period;
receiving from one or more securities dealers of said plurality of securities dealers one or more transaction acceptance responses via said central server during said predetermined time period, each said transaction acceptance response being formed by the steps of identifying an investment instrument and identifying a rate of return corresponding to said investment instrument;
communicating said transaction acceptance responses to said corporate investor;
selecting one of said transaction acceptance responses; and
communicating said selected transaction acceptance response to the securities dealer originating said selected acceptance response. - View Dependent Claims (37, 38, 39)
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40. A method of providing financial services, comprising:
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identifying an amount of working capital;
identifying a desired maturation term;
forming transaction contract information from said amount of working capital and said desired maturation term;
utilizing one or more computers to receive transaction contract information from at least one corporate investor desiring to invest working capital;
identifying a predetermined period of time to accept transaction acceptance responses;
making said transaction contract information available to securities dealers for said predetermined period of time;
receiving transaction acceptance responses from a plurality of said security dealers in response to said transaction contract information, each said transaction acceptance response being formed by the steps of identifying a debt instrument, identifying a corresponding interest rate, and identifying a corresponding maturation date;
communicating said transaction acceptance responses to said at least one corporate investor;
selecting one of said transaction acceptance responses; and
communicating said selection of said one transaction acceptance response to one securities dealer of said plurality of securities dealers originating said selected transaction acceptance response. - View Dependent Claims (41)
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Specification