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Dollar Depository Receipts and Electronic Friends Trading and Repo Transactions

  • US 20140279688A1
  • Filed: 03/15/2013
  • Published: 09/18/2014
  • Est. Priority Date: 03/15/2013
  • Status: Abandoned Application
First Claim
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1. A method comprising:

  • receiving, by at least one processor, from a first user a request to create an account;

    receiving, by the at least one processor, from the first user a designation of a plurality of accountholders of the account;

    receiving, by the at least one processor, from the first user a designation of a subset of the plurality of accountholders authorized to transfer account assets out of the account, the subset of the plurality of accountholders comprising a second user;

    receiving, by the at least one processor, from the first user a designation of rules specifying how accountholders may be added or removed from the account;

    causing, by the at least one processor, the account to be activated;

    receiving, by the at least one processor, from the second user a request to trade an asset of the account;

    causing, by the at least one processor, the requested trade;

    adding, by the at least one processor, a new accountholder to the account in accordance with the rules specifying how accountholders may be added or removed.

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