Financial data processing system and method
US4774664A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Jul 1, 1985 |
| Grant date | Sep 27, 1988 |
| Priority date | — |
| Expiry date | Jul 1, 2005 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A financial data processing system and the method of operating that system are disclosed. A central processor includes a data bank into which data is written and from which data is read, this data including financial loan information that represents the balance of each loan outstanding, the interest rate payable on each loan, the principal and interest due and payable for each periodic loan payment, the identity of each debtor, the delinquency, if any, on each loan, the collection histories of respective loans and financial information relating to leases and leased property. Plural terminals, including input means (e.g. a keyboard or the like) and display means, are coupled to the central processor, each terminal being operable to write into the data bank updated financial loan information including: (i) multiple loan payment data representing principal and interest payments and the identities of respective debtors for a batch of loan payments and multiple lease payment data, and (ii) loan application data representing the identity of each applicant, the amount, type and duration of the requested loan, the interest rate payable on the requested loan and credit data representing the…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.