System, method, and program product for unit transfer fee processing

US8538839B2 · kind B2 · utility

Assignee

• D12 Ventures, LLC · US

Inventors

• Paul Edward Kuhnle · Doylestown, US
• George Tedesche Simon · Robinson Township, US
• John Stuart Thomas · Morristown, US
• Mark Steven Criscitello · Colts Neck Township, US
• Daniel Joseph McCabe · Upper Saddle River, US

Key dates

• Filing date: Dec 5, 2011
• Grant date: Sep 17, 2013
• Expiry date: Dec 5, 2031

Classification

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

Abstract

A method, system and program product, the method comprising: accessing Transfer Fee data to be paid to a third party that is not the borrower or the lender of a security for a right to loan one or more units of the security; accessing loan data on a loan of units of the security, calculating an amount of a Transfer Fee for the right to loan the security; generating data for debiting an account or sending a bill for the Transfer Fee; sending or having sent data on revenue from one or more of the Transfer Fees to be paid to an issuer of the security; updating the database with data on the Transfer Fee.