Special purpose entity for holders of financial instruments

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20030105713A1
SERIAL NO

10308692

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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The present invention provides systems and methods for carrying out financial transactions which protect assets and provide various other advantages comprising a financial institution which issues a payment obligation, a special purpose entity, which acquires a residual obligation to honor the payment obligation as well as funds from the financial institution to honor the obligation. In accordance with various aspects of the present invention, the special purpose entity invests the acquired funds prior to honoring the payment obligation.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
TRAVELERS EXPRESS INC1550 UTICA AVENUE SOUTH MINNEAPOLIS MN 55416

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Greenwald, Joshua D St. Louis Park, MN 1 2
Putney, William J Minneapolis, MN 1 2

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