Renewable option accounting and marketing system
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United States of America Patent
Stats
-
Apr 18, 1989
Grant Date -
N/A
app pub date -
May 11, 1987
filing date -
May 11, 1987
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method for processing transactions in renewable options in stocks or other securities. The system provides means for entry of customer data and renewable option transaction data, means for processing the data, and means for storing the data. Included in the transaction data is data regarding the criteria under which the renewable option investment will be renewed, as well as data indicating the renewal premium for renewing the renewable option, which may be a fixed amount or an amount based on additional data. Through this system, the renewable option may be renewed periodically for a fixed period, until a designated event occurs, or perpetually. Means for storing criteria under which the renewable options are exercised, sold, or allowed to expire, and for processing the exercise, sale, or expiration of such renewable options, are also disclosed. Also disclosed is a method for processing transactions in such renewable options.
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