US 7,734,524 B2Granted

Customized financial instrument providing a stream of payments

AssigneeThe Prudential Insurance Company of America

InventorDylan J. Tyson

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Abstract

According to one embodiment, a customized financial instrument, defined by at least a plurality of parameters received from a purchaser, includes an agreement by an issuer to make a stream of payments. The stream of payments is defined by the plurality of parameters received from the purchaser. The plurality of parameters includes a first date defining the date for the first payment; at least one of a second date defining the date for the last payment, a number of payments, and a duration for the stream of payments; and information defining payment amounts for each of the payments. The customized financial instrument is associated with an identification code, the identification code being issued by a third-party organization and the identification code being unique to the customized financial instrument defined by at least a plurality of parameters received from a purchaser.

Claims4

Dependent claims

A customized bond request system, comprising software stored on a computer-readable medium and operable to:

receive a plurality of parameters to define a customized bond, the customized bond providing for a stream of payments and transferrable in a secondary market, the plurality of parameters comprising:
a first date defining the date for the first payment of the stream of payments;
at least one of:
a second date defining the date for the last payment of the stream of payments;
a number of payments included in the stream of payments;
and
a duration for the stream of payments;
and
information defining payment amounts for each of the payments included within the stream of payments;
calculate an amount to be deposited to purchase the customized bond defined by the parameters received, wherein calculating the amount to be deposited to purchase the customized bond comprises a discounted cash flow analysis;
associate the customized bond with an identification code issued by a third-party organization that uniquely identifies issuers and issues of financial instruments;
generate a request for creating the customized bond, the customized bond being defined by the parameters received, identified by the identification code, and transferrable in a secondary market;
generate a cash flow statement for the customized bond;
display the generated cash flow statement;
generate one or more disclosure statements;
and
generate one or more customized fulfillment documents for the customized bond, wherein the one or more customized fulfillment documents comprise at least one of a customized truth-in-lending statement and a customized pricing supplement.

14 more elements

Dependencies are inferred from the claim text.