System and method for processing data for instruments in multiple classes for providing deferred income

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8374945
APP PUB NO 20120290504A1
SERIAL NO

13555381

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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 deferred periodic payments includes, for classes of financial instruments, a price, payment amount and frequency, deferral data, and one or more permitted values of one or more actuarial factors of purchasers. The system further includes a processor configured to receive via a communication module data indicative of a request to purchase financial instruments, including a purchase payment amount and one or more values of the one or more actuarial factors of an individual purchaser, and to determine, based on the received 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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Patent Owner(s)

Patent OwnerAddress
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY1295 STATE STREET SPRINGFIELD MA 01111

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Harris, Patricia L Burlington, US 7 68
Mercier, Jonathan L Manchester, US 9 61

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