Issuing machine and issuing system for public-offering a financing instrument on-line
First Claim
1. A method for financing an operation implemented on an issuing system for transacting a newly-issued security or financing instrument, said issuing system including an appropriately programmed server and a plurality of issuing machines connected to the server on a network, the plurality of issuing machines being operatively connected to input and output data, comprising the steps of:
- preparing a financial disclosure on a financing instrument including;
the step of accessing at least one data source via the server, said at least one data source storing data on at least one of an operation to be financed, at least one issuing private legal entity which issues the financing instrument as evidence of debt to acquire funds to finance the operation, a face value to be paid to said issuing private legal entity in exchange for owning the financing instrument, and an interest rate defining periodical interest payments to an instrument holder as a percentage of the face value;
the step of collecting the data via the network from said at least one data source into said financing instrument; and
the step of at least one of;
(1) public-offering via the server the financing instrument on-line directly by said issuing private legal entity, and (2) public-offering via the server the financing instrument through a direct purchase plan by said issuing private legal entity;
via input and output on at least one of the plurality of issuing machines, delivering to a potential purchaser said financial disclosure as required by law; and
processing by the server a requested transaction, including the steps of;
receiving by one of the issuing machines an identification (ID) recording medium provided by the potential purchaser,retrieving by said one issuing machine identification recorded in the received ID recording medium,receiving from the potential purchaser a request for a transaction of a security or financing instrument,processing by said one issuing machine the requested transaction of the security or financing instrument by retrieving information via a network from the server, andprinting out by said one issuing machines said hardcopy certificate of the security or financing instrument as purchased with a cryptographic checksum thereon.
1 Assignment
0 Petitions
Accused Products
Abstract
An issuing system for issuing unmodifiable and/or unforgeable hardcopy documents or securities includes a server and a plurality of issuing machines connected to the server via a network. Each of the issuing machines receives an ID recording medium provided by a potential purchaser, retrieves an identification recorded in the received ID recording medium, requests the potential purchaser to input a request for a transaction of the security or financing instrument, processes the requested transaction, and prints out on demand a hardcopy of the security or financing instrument as purchased by the potential purchaser and a checksum thereon. A method for forming a new market with the issuing system embodies preparing the financing instrument, public-offering the financing instrument, delivering to the purchaser a financial disclosure, requesting the purchaser to acknowledge receipt and review of the financial disclosure, confirming acknowledgement of the financial disclosure from the purchaser; and processing the requested transaction by retrieving information via the network to the server.
37 Citations
45 Claims
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1. A method for financing an operation implemented on an issuing system for transacting a newly-issued security or financing instrument, said issuing system including an appropriately programmed server and a plurality of issuing machines connected to the server on a network, the plurality of issuing machines being operatively connected to input and output data, comprising the steps of:
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preparing a financial disclosure on a financing instrument including;
the step of accessing at least one data source via the server, said at least one data source storing data on at least one of an operation to be financed, at least one issuing private legal entity which issues the financing instrument as evidence of debt to acquire funds to finance the operation, a face value to be paid to said issuing private legal entity in exchange for owning the financing instrument, and an interest rate defining periodical interest payments to an instrument holder as a percentage of the face value;
the step of collecting the data via the network from said at least one data source into said financing instrument; and
the step of at least one of;
(1) public-offering via the server the financing instrument on-line directly by said issuing private legal entity, and (2) public-offering via the server the financing instrument through a direct purchase plan by said issuing private legal entity;via input and output on at least one of the plurality of issuing machines, delivering to a potential purchaser said financial disclosure as required by law; and processing by the server a requested transaction, including the steps of; receiving by one of the issuing machines an identification (ID) recording medium provided by the potential purchaser, retrieving by said one issuing machine identification recorded in the received ID recording medium, receiving from the potential purchaser a request for a transaction of a security or financing instrument, processing by said one issuing machine the requested transaction of the security or financing instrument by retrieving information via a network from the server, and printing out by said one issuing machines said hardcopy certificate of the security or financing instrument as purchased with a cryptographic checksum thereon. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. An operation financing system, comprising:
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an issuing system for transacting a newly-issued security or financing instrument, said issuing system including an appropriately programmed server and a plurality of issuing machines connected to the server on a network, the plurality of issuing machines being operatively connected to input and output data; means for preparing a financing instrument specifying an operation to be financed, at least one issuing private legal entity which issues the financing instrument as evidence of debt to acquire funds to finance the operation, a face value to be paid to said issuing private legal entity in exchange for owning the financing instrument, and an interest rate defining periodical interest payments to an instrument holder as a percentage of the face value; means for sending an application for offering the financing instrument and financial disclosure regarding at least one operation financed through the financing instrument to a governing body that oversees exchange of financing instruments for review or registration as required by law; means for delivering to a potential purchaser said financial disclosure, requesting the potential purchaser to acknowledge receipt and review of said financial disclosure as required by law, after finalizing the registration, and confirming acknowledgement of said financial disclosure from the potential purchaser, and at least one of; (1) means for public-offering the financing instrument on-line directly by said issuing private legal entity; (2) means for public-offering the financing instrument through a direct purchase plan by said issuing private legal entity; means for requesting the potential purchaser to specify a purchasing quantity of the financing instrument and an account for charging a monitory amount equal to a price multiplying the purchasing quantity; means for verifying availability of the purchasing quantity in inventory and availability of the monitory amount in the account; means for finalizing the purchasing quantity and a purchasing time by the issuing private legal entity for the potential purchaser, if the purchasing quantity is available in inventory and the monitory amount is available in the account; and means for informing the potential purchaser the finalized purchasing quantity and time, wherein the issuing system is configured to process by the server a requested transaction by receiving by one of the issuing machines an identification (ID) recording medium provided by the potential purchaser, retrieving by said one issuing machine identification recorded in the received ID recording medium, receiving from the potential purchaser a request for a transaction of a security or financing instrument, processing by said one issuing machine the requested transaction of the security or financing instrument by retrieving information via a network from the server, and printing out by said one issuing machines said hardcopy certificate of the security or financing instrument as purchased. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44)
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45. An issuing system for a newly-issued security or financing instrument comprising:
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a server; and a plurality of issuing machines connected to the server via a network, each of the issuing machines including; receiving means for receiving an ID recording medium provided by a potential purchaser; information retrieving means for retrieving identification recoded in the received ID recording medium; input means for the potential purchaser to input request for a transaction of a security or financing instrument; transaction processing means for processing the requested transaction by retrieving information via a network from the server; and printing means for printing out said hardcopy certificate as purchased by the potential purchaser and a cryptographic checksum thereon, wherein the server has implemented therein; a module that prepares a financing instrument specifying an operation to be financed, at least one issuing private legal entity which issues the financing instrument as evidence of debt to acquire funds to finance the operation, a face value to be paid to said issuing private legal entity in exchange for owning the financing instrument, and an interest rate defining periodical interest payments to an instrument holder as a percentage of the face value; a modules that sends an application for offering the financing instrument and financial disclosure regarding at least one operation financed through the financing instrument to a governing body that oversees exchange of financing instruments for review or registration as required by law; a module that delivers to a potential purchaser said financial disclosure, requesting the potential purchaser to acknowledge receipt and review of said financial disclosure as required by law, after finalizing the registration, and confirming acknowledgement of said financial disclosure from the potential purchaser, and at least one of; (1) means for public-offering the financing instrument on-line directly by said issuing private legal entity; (2) means for public-offering the financing instrument through a direct purchase plan by said issuing private legal entity; a module that requests the potential purchaser to specify a purchasing quantity of the financing instrument and an account for charging a monitory amount equal to a price multiplying the purchasing quantity; a module that verifies availability of the purchasing quantity in inventory and availability of the monitory amount in the account; a module that finalizes the purchasing quantity and a purchasing time by the issuing private legal entity for the potential purchaser, if the purchasing quantity is available in inventory and the monitory amount is available in the account; and a module that informs the potential purchaser the finalized purchasing quantity and time.
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Specification