Online System and Method for Issuing Collateralized Securities
First Claim
1. A computer-implemented method for issuing collateralized securities, the method comprising:
- storing in a database offering information associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security, wherein the offering information includes payment terms of a loan and a description of collateral for securing the loan;
displaying on a website the offering information for viewing by a retail investor; and
using the website to receive from the retail investor an offer for the purchase of the debt security directly from the issuer.
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Accused Products
Abstract
A computer-implemented method for conducting a registered public offering of collateralized securities includes storing offering information in a database. The offering information is associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security. The offering information includes payment terms of a loan and a description of collateral for securing the loan, as well as the number of units of the security to be sold in the initial offering. The website is used to receive from a retail investor an offer for the purchase of the debt security directly from the issuer. The purchase price for the retail investor can be as small as $100.
19 Citations
22 Claims
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1. A computer-implemented method for issuing collateralized securities, the method comprising:
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storing in a database offering information associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security, wherein the offering information includes payment terms of a loan and a description of collateral for securing the loan; displaying on a website the offering information for viewing by a retail investor; and using the website to receive from the retail investor an offer for the purchase of the debt security directly from the issuer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 14)
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8. A computer-implemented method for issuing collateralized securities, the method comprising:
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storing in a database offering information associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security, wherein the offering information includes payment terms of a loan and a description of collateral for securing the loan and wherein the collateral is to be used by the issuer of the debt security in its business; displaying on a website the offering information for viewing by a retail investor; and using the website to receive from the retail investor an offer for the purchase of the debt security directly from the issuer; and using the website to process payment from the retail investor for the purchase offer without the involvement of a third-party underwriter, investment banker, broker or dealer. - View Dependent Claims (9, 10, 11, 12, 13)
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15. A system for issuing collateralized securities, the system comprising:
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a database operative to store offering information associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security, wherein the offering information includes payment terms of a loan and a description of collateral for securing the loan and wherein the collateral includes tangible assets to be used by the issuer of the debt security in its business; displaying on a website the offering information for viewing by a retail investor; and an input component operative to receive from the retail investor an offer for the purchase of the debt security directly from the issuer; and a processor operative with the database to process the retail investor offer and to process the retail investor purchase offer without the involvement of a third-party underwriter, investment banker, broker or dealer. - View Dependent Claims (16, 17, 18, 19, 20)
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21. A system for issuing debt securities, the system comprising:
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a database operative to store offering information associated with a public offering of a debt security offered for sale by the issuer of the debt security, wherein the offering information includes payment terms of a loan; displaying on a website the offering information for viewing by a retail investor; and an input component operative to receive from the retail investor an offer for the purchase of the debt security directly from the issuer; and a processor operative with the database to process the retail investor purchase offer without the involvement of a third-party underwriter, investment banker, broker or dealer - View Dependent Claims (22)
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Specification