Method of establishing collateral for creditors
AssigneeAnchor Accounting Services LLC
InventorThomas Ryan Leggett
Life of this patent
Estimating the term…
Abstract
A method of establishing collateral for a creditor of a client, comprising creating a trust account stored on a control module, wherein the trust account complies with rules of a regulatory authority, and the trust account is held in the name of the client, transferring funds to the trust account to serve as the collateral, and creating registered creditors having corresponding accounts operatively connected to the trust account. The trust account has predetermined rules of how to distribute such funds to corresponding accounts of the one or more creditors from the trust account, and after the one or more creditors have been paid, then transferring any remainder to a pre-established client account.
Claims12
A method of establishing collateral for a creditor of a client, comprising, in combination, the steps of:
- creating a trust account stored on a control module, wherein the trust account complies with rules of a regulatory authority, and the trust account is held in the name of the client;
- transferring funds to the trust account to serve as the collateral;
- and
- creating registered creditors having corresponding accounts operatively connected to the trust account;
- wherein the trust account has predetermined rules of how to distribute such funds to corresponding accounts of the one or more creditors from the trust account, and after the one or more creditors have been paid, then transferring any remainder to a pre-established client account.
Dependencies are inferred from the claim text.