System and method for processing data related to financial instruments for providing deferred income
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United States of America Patent
Stats
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Jul 24, 2012
Grant Date -
May 10, 2012
app pub date -
Dec 27, 2011
filing date -
Mar 23, 2006
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A computer system for processing data related to financial instruments for providing deferred income includes a data storage device storing data relating to financial instruments representing a right to receive a fixed amount at fixed intervals for a lifetime commencing at a fixed start date, and, for classes of financial instruments, a price of the instrument, the fixed amount, interval and start date. The system further includes a processor configured to receive via a communication module data indicative of a request to purchase financial instruments, including a payment amount, age of the individual purchaser, and to determine, based on the received payment amount and age data, a number and class of the financial instruments for issue to the individual purchaser and to output data for generation of the determined number and class of the financial instruments for issue to the individual purchaser.
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