Proxy asset data processor
First Claim
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.
4 Assignments
0 Petitions
Accused Products
Abstract
A novel data processing system manages and implements a new form of security designated the "Proxy Asset". Proxy Assets provide sophisticated risk management capabilities without the complexities associated with other types of risk management investment vehicles. The Proxy Asset is made possible by the enhanced processing capabilities of the Proxy Asset data processor which creates, tracks, manages, and governs asset accounts for participating investors.
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Citations
14 Claims
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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. - View Dependent Claims (2, 3, 4, 5, 6)
- a data input means for collecting data on said proxy assets and storing said Proxy Asset data in a programmed controlled database;
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7. A Proxy Asset Data Processor, in combination in a Proxy Asset System for creating and managing a plurality of Proxy Assets, which are securities that mimic existing illiquid assets or previously untradable claims on income and allow investment in the otherwise illiquid assets or claims on income, wherein said Proxy Asset Data Processor includes programming instructions capable of receiving predefined inputs, including indices of asset price or income, select asset descriptors, and economic data, said System comprising:
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Proxy Asset Account Manager, said manager receiving input data on price indices for one or more underlying assets or data on incomes generated by one or more income sources;
said account manager creates and manages Proxy Asset Cash Accounts corresponding to said underlying assets or claims on income, in association with pre-specified Cash Account Formulas defining the underlying Cash Account balance for each Proxy Asset, by transferring funds among Cash Accounts within Complete Sets, and by allocating proceeds from sales of Complete Sets of shares among Cash Accounts in accordance with the Cash Account Formulas;
said account manager further facilitates, processes and records the issuance and redemption of Complete Sets of Proxy Asset shares, andProxy Asset Dividend Generator, wherein said Dividend Generator provides a dividend payout to holders of said Proxy Assets from corresponding Cash Accounts pursuant to a pre-specified Dividend Payout Formula. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14)
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Specification