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Proxy asset data processor

  • US 5,987,435 A
  • Filed: 10/30/1997
  • Issued: 11/16/1999
  • Est. Priority Date: 10/30/1997
  • Status: Expired due to Term
First Claim
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1. In combination in a data processing system structured and configured to manage accounts corresponding to plural Proxy Assets wherein said Proxy Assets are positions that are linked by a known relationship to an underlying substantive asset so that changes in the value of the underlying asset are reflected by a valuation of said corresponding Proxy Asset by shifting cash between the Cash Accounts said system comprising:

  • a data input means for collecting data on said proxy assets and storing said Proxy Asset data in a programmed controlled database;

    a data processing means for accessing said data from said database relating to said Proxy Asset and accessing data relating to a value indicia corresponding to said substantive asset and based thereon periodically determining a new cash balance for each such that the total cash in all accounts is unchanged of said Proxy Asset;

    dividend processor for taking changes in said value of said Proxy Asset and providing a return commensurate with said change in the form of dividend payment.

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