Marriage Obligation Fulfillment Trust Method and System
First Claim
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1. A method for implementing marriage obligation fulfillment trust comprising:
- a consigner applying on-line for a marriage obligation fulfillment trust through a financial institution;
the financial institution reviewing qualification of the consigner;
after the financial institution qualifies the consigner, the financial institution and the consigner signing an on-line contract;
after signing the on-line contract, the consigner entering a self-determined interest rate platform;
the self-determined interest rate platform checking if the consigner would place a bid;
if the consigner would place the bid, determining credit of the consigner; and
placing the bid.
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Abstract
By creating a self-determined interest rate platform, a trust fund can be transferred on the platform through a bidding process, so that risk oriented consigners can expand their credit to increase their investments, enhancing assurance to a beneficiary. On the contrary, this can increase interest income of discreet consigners through direct low-cost financial transactions. By creating a trust fund transaction platform, individual consignment funds can reflect the cash demand in the money market on the platform, so that the number of participants can increase the strength of marriage trusts and expand the trust fund market.
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Citations
23 Claims
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1. A method for implementing marriage obligation fulfillment trust comprising:
a consigner applying on-line for a marriage obligation fulfillment trust through a financial institution; the financial institution reviewing qualification of the consigner; after the financial institution qualifies the consigner, the financial institution and the consigner signing an on-line contract; after signing the on-line contract, the consigner entering a self-determined interest rate platform; the self-determined interest rate platform checking if the consigner would place a bid; if the consigner would place the bid, determining credit of the consigner; and placing the bid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for implementing marriage obligation fulfillment trust comprising:
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a consigner applying on-line for a marriage obligation fulfillment trust through a financial institution; the financial institution reviewing qualification of the consigner; after the financial institution qualifies the consigner, the financial institution and the consigner signing an on-line contract; after signing the on-line contract, the consigner entering a self-determined interest rate platform; the self-determined interest rate platform checking if the consigner would place a bid; if the consigner would not place the bid, the consigner making a deposit. - View Dependent Claims (18, 19, 20)
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21. A marriage obligation fulfillment trust system comprising:
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a database; a server comprising; a trust setup module for receiving a marriage obligation fulfillment trust application of a consigner and storing the application in the database; a credit checking module for assessing credit of the consigner, a value of a collateral, and a guarantor, and granting a bid limit to the consigner to place a bid in a self-determined interest rate platform accordingly, and storing a result in the database; a bid module for operating and managing the self-determined interest rate platform, and storing a result in the database; a trust fund management module for receiving a total bid amount from the bid module, converting the total bid amount into a trust fund according to a marriage trust contract, managing the trust fund, and storing a result in the database; an event identification module for receiving events of the consigner, analyzing and determining the events, and storing a result in the database; and a fund maintenance module for managing a cash flow of the marriage obligation fulfillment trust system, and storing a result in the database. - View Dependent Claims (22, 23)
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Specification