Open end mutual fund securitization process
October 12, 2015. 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 brokerage-cash management system obviating float costs by anticipatory liquidation of short term assets Queuing arrangement for initiating execution of multistage transactions Methods and apparatus for funding future liability of uncertain cost System and method for implementing and administering a mortgage plan Financial data processing system with distributed data input devices and method of use System for the operation of a financial account Methods and apparatus for information storage and retrieval utilizing hashing techniques Stock and cash portfolio development system Method and apparatus for storing and generating financial information employing user specified input and output formats Data processing system for hub and spoke financial services configuration InventorsAssigneeApplicationNo. 542431 filed on 10/12/1995US Classes:705/35Finance (e.g., banking, investment or credit)ExaminersPrimary: Tkacs, Stephen R.Attorney, Agent or FirmInternational ClassG06F 017/60AbstractA mutual fund securitization process permitting the trading of open end mutual funds and linked derivative securities on or off the floor of a National Securities Exchange. The targeted individual open end mutual fund or group of open end mutual funds, selected through a screening process is securitized through the creation of a new, separate security. This new security is preferably a "closed end fund of funds" and linked derivative securities, which synthetically replicate the statistical relationship of the defined individual or group of open end mutual funds. The maintenance of financial records for the new security is maintained by electronically storing dividend, capital gains and income received from the open end funds which have been invested in, and calculating pro-forma financial statements to disseminate to shareholders and all relevant parties.Other References
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