System for appraising a financial product
AssigneeEfficient Markets Corporation
InventorsErrol O. KENDALL, James C. Brooks, JR.
Life of this patent
Estimating the term…
Abstract
A method and system of appraising a financial product includes receiving a request for a financial product and information about a party requesting the financial product; preparing a bid solicitation for the financial product based on the request and information and transmitting the bid solicitation to a plurality of product carriers; a plurality of product carriers submitting initial proposals for providing the financial product; generating ratings for the initial proposals, respectively; and generating appraisals for the initial proposals; and informing the product carriers of the decision.
Claims2
A method of processing a financial product comprising:
- receiving a request for a financial product and information about a party requesting the financial product;
- preparing a bid solicitation for the financial product based on the request and information and transmitting the bid solicitation to a plurality of product carriers;
- at least one of the plurality of product carriers submitting a proposal for providing the financial product;
- and
- generating a rating corresponding to the proposal.
2-55. (canceled)
Dependencies are inferred from the claim text.