US 8,799,133 B2 · Financial instrument and related business method

Abstract

A business method. A dividend is calculated from: (i) a penalty assessed against a holder, of at least one share of a financial instrument, who sells the at least one share on a date of sale preceding an extinguish date associated with the financial instrument; and/or (ii) a premium lost by other purchasers of the financial instrument who sell, on dates of sale preceding an extinguish date associated with the financial instrument, shares of the financial instrument purchased by the other purchasers, wherein a premium consisting of an upfront fee against a purchaser of one or more shares of the financial instrument is assessed against the purchaser which entitles the purchaser to a future portion of the premium lost. The dividend is distributed, on a date subsequent to the date of sale, to all Holders of Record of the financial instrument on the date of sale.

Claims26

Dependent claims

A business method, comprising:

assessing a penalty against a holder of at least one share of a financial instrument of an entity, said assessing the penalty against the holder being triggered by the holder selling the at least one share on a date of sale that precedes an extinguish date associated with the financial instrument, said assessing the penalty being performed in accordance with a penalty feature described in the financial instrument;
calculating, by a processor of a computer system, a dividend as a function of the penalty, said calculating the dividend being performed in accordance with a dividend feature described in the financial instrument;
and
distributing the dividend, on a date subsequent to the date of sale, to all Holders of Record of the financial instrument on the date of sale.

1 more element

Dependencies are inferred from the claim text.

Financial instrument and related business method

Life of this patent

Financial instrument and related business method

Life of this patent

Abstract

Claims26