SYSTEM AND METHOD FOR MANAGING AND INDEMNIFYING COMMERCIAL PAPER
First Claim
1. A computer-implemented method of managing and indemnifying commercial paper by a trustee over a computer network, the method comprising:
- receiving, in a processor and over the network, an indication of a proposed short-term secured investment transaction from one or more parties to the transaction, said indication including one or more illiquid and non-current assets proposed as collateral for the investment transaction;
evaluating, by the processor, an asset value of the one or more illiquid and non-current assets;
applying, by the processor, a discount factor to the asset value in response to either an operator input or a predetermined discount factor stored in a database, or a combination thereof;
determining, by the processor, whether the applied discount factor and a resulting discounted asset value is acceptable to the trustee and at least one party to the proposed secured investment transaction that is considering providing investment funds for the transaction;
if the resulting discounted asset value is acceptable to the trustee and the at least one party, and if the proposed secured investment transaction is consummated,establishing, by the processor, a trust account in a database in which at least documents representing a transfer of title of the one or more illiquid and non-current assets are stored.
1 Assignment
0 Petitions
Accused Products
Abstract
In various embodiments, a computer-implemented method and system of managing and indemnifying commercial paper by a trustee over a computer network includes receiving, in a processor and over the network, an indication of a proposed short-term secured investment transaction from one or more parties to the transaction, said indication including one or more illiquid and non-current assets proposed as collateral for the investment transaction; evaluating, by the processor, an asset value of the one or more illiquid and non-current assets; applying, by the processor, a discount factor to the asset value in response to either an operator input or a predetermined discount factor stored in a database, or a combination thereof; determining, by the processor, whether the applied discount factor and a resulting discounted asset value is acceptable to the trustee and at least one party to the proposed secured investment transaction that is considering providing investment funds for the transaction; if the resulting discounted asset value is acceptable to the trustee and the at least one party, and if the proposed secured investment transaction is consummated, establishing, by the processor, a trust account in a database in which at least documents representing a transfer of title of the one or more illiquid and non-current assets are stored.
-
Citations
19 Claims
-
1. A computer-implemented method of managing and indemnifying commercial paper by a trustee over a computer network, the method comprising:
-
receiving, in a processor and over the network, an indication of a proposed short-term secured investment transaction from one or more parties to the transaction, said indication including one or more illiquid and non-current assets proposed as collateral for the investment transaction; evaluating, by the processor, an asset value of the one or more illiquid and non-current assets; applying, by the processor, a discount factor to the asset value in response to either an operator input or a predetermined discount factor stored in a database, or a combination thereof; determining, by the processor, whether the applied discount factor and a resulting discounted asset value is acceptable to the trustee and at least one party to the proposed secured investment transaction that is considering providing investment funds for the transaction; if the resulting discounted asset value is acceptable to the trustee and the at least one party, and if the proposed secured investment transaction is consummated, establishing, by the processor, a trust account in a database in which at least documents representing a transfer of title of the one or more illiquid and non-current assets are stored. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
-
10. A computer-implemented system for managing and indemnifying commercial paper by a trustee over a computer network, the method comprising:
-
a processor operatively coupled to the network; one or more memory devices operatively coupled to the processor, said one or more memory devices including one or more structured databases therein configured to store information relating at least to the commercial paper; said processor being configured to; receive an indication of a proposed short-term secured investment transaction from one or more of parties to the transaction, said indication comprising one or more illiquid and non-current assets proposed as collateral for the investment transaction; evaluate an asset value of the one or more illiquid and non-current assets; receive one or more operator inputs; apply a discount factor to the asset value in response to either the operator input or a predetermined discount factor stored in the structured database, or a combination thereof; determine whether the applied discount factor and a resulting discounted asset value is acceptable to the trustee and at least one party to the proposed secured investment transaction that is considering providing investment funds for the transaction; wherein, if the resulting discounted asset value is acceptable to the trustee and the at least one party, and if the proposed secured investment transaction is consummated, the processor is configured to establish a trust account in the structured database in which at least documents representing a transfer of title of the one or more illiquid and non-current assets are stored. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
-
-
19. A computer-implemented document browser application for a managing and indemnifying commercial paper by a trustee over a computer network, the application comprising:
-
a processor configured to execute instructions therein such that a software interface with an Internet Web browser enables the application to run within a Web browser window so as to allow a user to manage a proposed short-term secured investment transaction; a user interface enabled with a host computer system through which the user; receives an indication of a proposed short-term secured investment transaction from one or more of parties to the transaction, said indication comprising one or more illiquid and non-current assets proposed as collateral for the investment transaction; evaluates an asset value of the one or more illiquid and non-current assets; provides one or more operator inputs; applies a discount factor to the asset value in response to either the operator input or a predetermined discount factor stored in the structured database, or a combination thereof; determines whether the applied discount factor and a resulting discounted asset value is acceptable to the trustee and at least one party to the proposed secured investment transaction that is considering providing investment funds for the transaction; wherein, if the resulting discounted asset value is acceptable to the trustee and the at least one party, and if the proposed secured investment transaction is consummated, the user interface is configured to enable establishment of a trust account in a structured database in which at least documents representing a transfer of title of the one or more illiquid and non-current assets are stored, said user interface further comprising computer executable code therein which, when executed by the host computer system, enables a interactive graphical user interface comprising controls for managing and indemnifying illiquid and non-current assets used as collateral in a short-term financing arrangement.
-
Specification