Securitized pool of personal-small-aircraft mortgages system

• US 8,285,628 B1
• Filed: 07/06/2007
• Issued: 10/09/2012
• Est. Priority Date: 12/05/2006
• Status: Active Grant

• Current Assignee: Ross/Graff Holdings LLC
• Original Assignee: Ross/Graff Holdings LLC
• Inventors: McKevitt, James M., Graff, Richard A.
• Primary Examiner(s): Kazimi, Hani M
• Assistant Examiner(s): Onyezia, Chuks
• Application Number:
  US11/825,505
• Time in Patent Office: 1,922 Days
• Field of Search: 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Illustratively, there can be a securitization system that is comprised of a computer or computers using a network, and a process, for the conversion of assets into marketable securities. In one embodiment, the securitization system includes a distribution system to distribute at least some of the marketable securities generated by the securitization system to one or more buyers. The process may utilize a new definition of securitization that expands the universe of securitizable assets, the universe of asset securitization methodologies, and the universe of securities that can be designed and generated thereby.

Claims

1. A computer-aided method to consummate a sale, comprising:

receiving, by a computer system comprising a computer, input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages, the input data comprising a bid for the interest in the securitized pool; and

computing, by the computer using at least some of the input data, a valuation of at least some of the interest in the securitized pool in

consummating, by the computer, a sale of the at least some of the interest in the securitized pool at a price corresponding to the valuation.

2. The method of claim 1, wherein the interest in the securitized pool is an equity interest in the securitized pool.

7. The method of any one of claims 1, 3, 5, further including:

generating, by the computer, documentation for financial risk reduction insurance for the interest in the securitized pool; and

producing, by the computer, the documentation at an output device.

14. The method of any one of claims 1, 2, further including generating, by the computer, output comprising a financial document including one of the price and the valuation.

15. The method of any one of claims 1, 2, further including generating, by the computer, output comprising a financial document including one of the price and the valuation and communicating at least some of the output including the financial document to an other computer system.

18. The method of any one of claims 1,3,5,8, wherein the interest includes an interest in at least one mobile air right.

20. The method of any one of claims 1, 2, wherein the receiving includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

33. The method of any one of claims 1, 2, further including generating, by the computer, financial analysis output including an offering document for the interest in the securitized pool and communicating the offering document to a bidder computer system.

38. The method of claim 14, wherein the receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

39. The method of claim 15, wherein the receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from one of the other computer system and another computer system.

40. The method of claim 20, further including generating, by the computer, financial analysis output including an offering document for the interest in the securitized pool and communicating the offering document to a bidder computer system, wherein the bidder computer system is one of the other computer system and another computer system.

3. A computer-aided method to produce and communicate a bid, comprising:

receiving, at a computer system comprising a computer, input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages;

producing, by the computer using at least some of the input data, output including a bid for at least some of the interest in the securitized pool; and

communicating, by the computer, at least some of the output, including the bid, to a securities transaction computer system.

4. The method of claim 3, wherein the interest in the securitized pool is an equity interest in the securitized pool.

21. The method of any one of claims 3, 4, wherein the receiving includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

34. The method of any one of claims 3, 4, further including receiving signals representing data comprising an offering document for the interest in the securitized pool from an other computer system.

35. The method of claim 21, wherein the receiving includes receiving signals representing data comprising an offering document for the interest in the securitized pool from an other computer system.

5. A computer-aided method to produce and communicate an offer, comprising:

receiving, at a computer system comprising a computer, input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being individual personal-small-aircraft mortgages;

producing, by the computer using at least some of the input data, output including an offer to sell at least some of the interest in the securitized pool; and

communicating, by the computer, at least some of the output, including the offer, to a securities transaction computer system.

6. The method of claim 5, wherein the interest in the securitized pool is an equity interest in the securitized pool.

8. A computer-aided method to generate financial risk reduction insurance and documentation, the method including:

receiving, at a computer system comprising a computer, input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages;

generating, by the computer processing at least some of the input data, documentation for financial risk reduction insurance for the interest in the securitized pool; and

producing, by the computer, the documentation at an output device.

9. The method of claim 8, wherein the interest in the securitized pool is an equity interest in the securitized pool.

10. An apparatus comprising:

a computer system configured to carry out the operations of;

receiving input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages, the input data comprising a bid for the interest in the securitized pool;

computing, using at least some of the input data, a valuation of at least some of the interest in the securitized pool; and

consummating a sale of the at least some of the interest in the securitized pool at a price corresponding to the valuation.

16. The apparatus of claim 10, wherein the computer system is further configured to carry out the operation of generating output comprising a financial document including one of the price and the valuation.

17. The apparatus of claim 10, wherein the computer system is further configured to carry out the operations of generating output comprising a financial document including one of the price and the valuation and communicating at least some of the output including the financial document to an other computer system.

19. The apparatus of any one of claims 10-13, 16-17, wherein the interest includes an interest in at least one mobile air right.

22. The apparatus of claim 10, wherein the operation of receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

24. The apparatus of claim 16, wherein the operation of receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

25. The apparatus of claim 17, wherein the operation of receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

11. An apparatus comprising:

a computer system configured to carry out the operations of;

receiving input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages;

producing, using at least some of the input data, output including a bid for at least some of the interest in the securitized pool; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

23. The apparatus of claim 11, wherein the operation of receiving input data includes receiving signals representing one of the at least some of the input data and at least some of the input data from an other computer system.

36. The apparatus of claim 11, wherein the receiving input data includes receiving signals representing data comprising an offering document for the interest in the securitized pool from an other computer system.

37. The apparatus of claim 23, wherein the receiving input data includes receiving signals representing data comprising an offering document for the interest in the securitized pool from one of the other computer system and another computer system.

12. An apparatus comprising:

a computer system configured to carry out the operations of;

receiving input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being individual personal-small-aircraft mortgages;

producing, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized pool; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

13. An apparatus comprising:

a computer system configured to carry out the operations of;

receiving input data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being equity interests in individual personal-small-aircraft mortgages;

generating output including documentation for financial risk reduction insurance for the interest in the securitized pool; and

producing at least some of the output, including the documentation, at an output device.

26. An apparatus comprising:

a first computer system controlled to receive first input, said first input representing data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being individual personal-small-aircraft mortgages, to produce, using at least some of the first input, first output including a bid for at least some of the interest in the securitized pool, and to communicate at least some of the first output including the bid to

a second computer system controlled to receive one of the at least some of the first output and at least some of the first output as second input, wherein said second input includes the bid, to generate, using at least some of the second input, a valuation of one of the at least some of the interest and at least some of the interest, and to consummate a sale of the one of the at least some of the interest and at least some of the interest at a price corresponding to the valuation.

27. The apparatus of claim 26, wherein the interest in the securitized pool is an equity interest in the securitized pool.

30. The apparatus of any one of claims 26 to 29, wherein the apparatus includes another computer system controlled to receive another input representing one of the data associated with the interest in the securitized pool and data associated with the interest in the securitized pool, to produce, using at least some of the other input, an offer to sell the interest in the securitized pool, and to communicate the offer to one of the first computer system and the second computer system.

31. The apparatus of any one of claims 26 to 29, wherein the second computer system is controlled to generate an offering document for the interest in the securitized pool and to communicate the offering document to the first computer system.

32. The apparatus of claim 30, wherein at least one of the second computer system and the other computer system is controlled to generate an offering document for the interest in the securitized pool and to communicate the offering document to the first computer system.

41. The apparatus of any one of claims 26, 27, wherein the second computer system is further controlled to generate output comprising a financial document including one of the price and the valuation.

42. The apparatus of any one of claims 26, 27, wherein the second computer system is further controlled to generate output comprising a financial document including one of the price and the valuation and to communicate at least some of the output including the financial document to the first computer system.

43. The apparatus of any one of claims 26, 27, wherein the second computer system is further controlled to generate output comprising a financial document including one of the price and the valuation and to communicate at least some of the output including the financial document to an other computer system.

28. An apparatus comprising:

a first computer system configured to carry out the operations of receiving first input, said first input representing data associated with an interest in a securitized pool of personal-small-aircraft mortgages, at least half of the pool by value being individual personal-small-aircraft mortgages, producing, using at least some of the first input, first output including a bid for at least some of the interest in the securitized pool, and communicating at least some of the first output including the bid to

a second computer system configured to carry out the operations of receiving one of the at least some of the first output and at least some of the first output as second input, said second input including the bid, computing, using at least some of the second input, a valuation of one of the at least some of the interest and at least some of the interest, and consummating a sale of the one of the at least some of the interest and at least some of the interest at a price corresponding to the valuation.

29. The apparatus of claim 28, wherein the interest in the securitized pool is an equity interest in the securitized pool.