Open end mutual fund securitization process

  • US 6,088,685 A
  • Filed: 08/27/1998
  • Issued: 07/11/2000
  • Est. Priority Date: 10/12/1995
  • Status: Expired due to Fees
First Claim
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1. An electronic data processing method for administering a financial product having a known number of shares over a predetermined period of time, which financial product is traded as a security the price of which is determined on the basis of information about one or more securities, comprising:

  • a) directing a computer processor to select from said one or more securities a selected portfolio of securities based upon a predefined criteria;

    b) receiving information on each of said one or more securities in the selected portfolio in an electronic data format;

    c) storing at least the received information on each security in the selected portfolio in a computer memory;

    d) electronically processing said stored information to determine in real time the price of the financial product on the basis of a user-defined method of weighting the selected portfolio of securities; and

    e) outputting an indication of the determined in real time price of the financial product in humanly readable format.

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