System for the operation and management of one or more financial accounts through the use of a digital communication and computation system for exchange, investment and borrowing

  • US 5,644,727 A
  • Filed: 12/06/1994
  • Issued: 07/01/1997
  • Est. Priority Date: 04/15/1987
  • Status: Expired due to Fees
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First Claim
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1. A computer-based system for operating a plurality of client financial accounts comprising:

  • processing means;

    memory means connected to said processing means for storing information pertaining to the client financial accounts;

    means for maintaining in said memory means a database comprising for each client account at least one asset account which receives funds for investment purposes, said asset account having an account balance which is updated by the computer system upon receipt of said funds, and at least one liability account;

    means for allocating said received funds among said accounts; and

    a plurality of client computers, each client computer comprising;

    means for communicating with said computer system;

    means for limiting use of said client computer to one or more clients by one or more identification means; and

    means for interacting with said client account maintained in said memory means.

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