Securitization of sales participation certificates
First Claim
1. A system comprising:
- an input for receiving data, the data including an issue amount, a discount rate, and estimated future revenues of an organization over a specified period of time;
a computer storage medium configured to store the data;
a processor configured to set a function of future revenues by using the issue amount, the discount rate, and the estimated future revenues of the organization in setting the function, wherein the function of future revenues is a function to be applied to future reported revenues of the organization over a specified period of time to calculate payment amounts to be paid to a plurality of investors as a return to the investors and not as debt repayment and not as payment of interest on debt, the future reported revenues being represented by a stream of future payments to the organization; and
at least one of;
a) a display to display the function; and
b) a communication device to communicate the function.
1 Assignment
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Accused Products
Abstract
The invention relates to financial products that provide a return that is a function of future sales/revenues, preferably gross sales/revenue, over a specified period of time. One embodiment of a method for creating such a financial product includes providing standard forms to an issuer and underwriter and standard terms to an issuer and investors. The terms to the issuer include providing capital to the issuer in exchange for a return that is a function of future sales over a specified period of time. The process further includes creating instruments representing investment in the financial product. The process creates the instruments in sufficient numbers and in appropriate denominations to facilitate trading in the financial product.
27 Citations
21 Claims
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1. A system comprising:
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an input for receiving data, the data including an issue amount, a discount rate, and estimated future revenues of an organization over a specified period of time; a computer storage medium configured to store the data; a processor configured to set a function of future revenues by using the issue amount, the discount rate, and the estimated future revenues of the organization in setting the function, wherein the function of future revenues is a function to be applied to future reported revenues of the organization over a specified period of time to calculate payment amounts to be paid to a plurality of investors as a return to the investors and not as debt repayment and not as payment of interest on debt, the future reported revenues being represented by a stream of future payments to the organization; and at least one of;
a) a display to display the function; and
b) a communication device to communicate the function. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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Specification