Financial transaction network
Patent 5262942 Issued on November 16, 1993. Estimated Expiration Date: 
November 16, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
November 16, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesSecurities valuation system Renewable option accounting and marketing system Automated futures trading exchange System for the operation of a financial account Automated system for providing liquidity to securities markets Goal-directed financial asset management system Stock and cash portfolio development system Patent #: 5132899 InventorAssigneeApplicationNo. 533649 filed on 06/05/1990US Classes:705/37, Trading, matching, or bidding705/35, Finance (e.g., banking, investment or credit)706/925BusinessExaminersPrimary: Envall, Roy N. Jr.Assistant: Brutman, Laura Attorney, Agent or FirmInternational ClassesG06F 015/20G06G 007/52 AbstractA financial transaction network employs a shareholder network serviced by a host processor. The financial network maintains (n) number of mutual fund portfolios operating in different currencies. The host processor acts a communications switch validating incoming transaction requests and routing them to a central Transfer Agent system for execution. The host processor maintains central records that can be queried through the host. The Transfer Agent is responsible for updating the database. The financial network provides accessibility, speed and finality of settlement in transactions by using mutual fund shares in diverse currencies as substitutes for those currencies.Other References
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