Financial instruments and methods of use

• US 7,752,104 B2
• Filed: 10/12/2004
• Issued: 07/06/2010
• Est. Priority Date: 10/12/2004
• Status: Expired due to Fees

• Current Assignee: Bonaller LLC
• Original Assignee: Bonaller LLC
• Inventors: Rachie, David-Elias
• Primary Examiner(s): Kramer; James A
• Assistant Examiner(s): WONG, ERIC TAK WAI
• Application Number:
  US10/963,984
• Publication Number:
  US 20060080194A1
• Time in Patent Office: 2,093 Days
• Field of Search: 705/37, 705/35
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Financial instruments are disclosed. The financial instruments include one or more securities and one or more rights for investors to purchase credit. Methods and other applications are also disclosed.

Claims

1. A computer-implemented method of providing credit for goods and services to an investor, comprising:

issuing a first security to an investor that requires an issuer to make at least one payment to the investor;

granting to the investor as part of the first security credit for goods and services available from one or more approved vendors;

transferring a first principal amount from the investor to the issuer for the first security;

transferring a portion of the first principal from the issuer to the one or more approved vendors to purchase from the one or more approved vendors a second security, wherein the second security includes a property interest of the one or more approved vendors;

transferring to the issuer the second security;

providing a computer processor that is linked by a network to one or more computer systems of the one or more approved vendors and that includes an account for the investor;

downloading into the computer processor information identifying an amount of credit granted to the investor;

electronically providing the information to the one or more computer systems of the one or more approved vendors;

electronically receiving one or more reports from the one or more approved vendors with an amount of credit used by the investor; and

electronically calculating an amount of credit available in the investor'"'"'s account.

2. The computer implemented method of claim 1, further comprising reporting to the investor an amount of credit available to the investor.

3. The computer implemented method of claim 1, further comprising issuing an account card to the investor, the account card being adopted to be read electronically.

4. The computer implemented method of claim 1, wherein the second security comprises a mortgage against a hotel property of the one or more approved vendors.

5. The computer implemented method of claim 4, wherein the credit includes credit for a hotel stay at the hotel property of the one or more approved vendors.

6. The computer implemented method of claim 4, further comprising electronically calculating a reduction in a mortgage payment due from the one or more approved vendors as a function of a credit redeemed for a hotel stay at the hotel property of the one or more approved vendors.

7. The computer implemented method of claim 1, further comprising having the approved vendor accept the credit from the investor and electronically calculating a reduction in the principal as a function of the accepted credit.

8. The computer implemented method of claim 1, further comprising granting to the investor a right to purchase additional credit for goods and services available from the one or more approved vendors in exchange for canceling the obligation to pay at least a part of the principal.