Security receipts management system

US7970675B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Stephen G. Bodurtha · Stamford, US
• Satyanarayan Chada · New York, US
• Mitchell Cox · Towaco, US
• Thomas Lee · Levittown, US

Key dates

• Filing date: Feb 27, 2007
• Grant date: Jun 28, 2011
• Expiry date: Feb 27, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer system for managing, creating, and support of a novel investment instrument, known as a Security Receipt. This receipt provides translation of ownership of plural underlying securities to the holder of the receipt in a seamless and efficient way. The system permits enhanced security creation, and orderly support to facilitate liquidity and market trading of the Security Receipt.