SYSTEM AND METHOD FOR JUST-IN-TIME CAPTIAL INVESTMENT AND CONTROLLED COST INSURANCE

• US 20100257123A1
• Filed: 06/17/2010
• Published: 10/07/2010
• Est. Priority Date: 02/13/2007
• Status: Abandoned Application

• Current Assignee: Sohail Abdul-Rahim Abdulla Jaffar Al Zarawani
• Original Assignee: Sohail Abdul-Rahim Abdulla Jaffar Al Zarawani
• Inventors: Zarawani, Sohail Abdul-Rahim Abdulla Jaffar Al
• Application Number:
  US12/817,654
• Publication Number:
  US 20100257123A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A computer implemented method infuses pledged amounts into an account of an issuer just in time for use. A computer program establishes pledge agreements that are associated with accounts of asset holders. Access to the asset-holders'"'"' accounts through the computer network is confirmed, and those assets are monitored to ensure availability of those assets. An instruction received from the issuer causes the pledge agreements to be processed, identification of particular asset-holder accounts, and instructions to transfer at least a portion of the assets to the issuer account. In turn, the transferor is credited with an asset of the issuer in accordance with the terms of the pledge agreement. Optionally, pledge agreements terms are ranked to identify and select specific pledge agreements for the transfer step. Methods in accordance with the invention can facilitate the organization of pledged amounts into tranches for just-in-time financing in a variety of transactions.

Claims

1-13. -13. (canceled)

14. A computer implemented method for organizing pledged amounts into tranches for use by a party in a just-in-time manner for financing a transaction, comprising the steps of:

(a) establishing in a host machine connected to a distributed computer network one or more pledge agreements each having terms including (i) the pledged amount of a prescribed asset associated with an account of a respective asset holder, and (ii) a benchmark description of an asset to be acquired upon transfer of the pledged amount;

(b) confirming access to the asset-holder account over the computer network and, thereafter, monitoring over the computer network any established asset holder accounts to ensure a current availability of the associated prescribed asset;

(c) defining a tranche of pledge agreements by matching the benchmark description of any pledge agreements within the host machine;

(d) assigning beneficial ownership of the tranche to the third-party; and

(e) in response to an instruction received from the party at the host machine;

(i) processing the terms of the pledge agreements using defined rules;

(ii) identifying from among the processed pledge agreements one or more asset-holder accounts having the current availability for infusing at least a portion of the pledged amount into an account of the party;

(ii) instructing the identified accounts to transfer at least a portion of the prescribed assets in the identified asset-holder accounts to the party account; and

(iv) for each account having at least the portion of the prescribed assets transferred, crediting the account holder with an asset satisfying the benchmark description.

15. The method of claim 14, wherein the step of crediting the account-holder comprises pricing the asset that satisfies the description and providing the account-holder with a quantity of said asset determined in accordance with the pricing step and a value of the portion of the prescribed assets transferred to the party account.

16. The method of claim 15, wherein the monitoring step is performed repeatedly.