Financial transaction network

Details Financial transaction network Financial transaction network

1990-06-05

1993-11-16

Envall, Jr., Roy N.

Boots, shoes, and leggings

395925, G06F 1520, G06G 752

Patent

active

052629422

ABSTRACT:
A financial transaction network employs a shareholder network serviced by a host processor. The financial network maintains (n) number of mutual fund portfolios operating in different currencies. The host processor acts a communications switch validating incoming transaction requests and routing them to a central Transfer Agent system for execution. The host processor maintains central records that can be queried through the host. The Transfer Agent is responsible for updating the database. The financial network provides accessibility, speed and finality of settlement in transactions by using mutual fund shares in diverse currencies as substitutes for those currencies.

REFERENCES:
patent: 4334270 (1982-06-01), Towers
patent: 4823265 (1989-04-01), Nelson
patent: 4903201 (1990-02-01), Wagner
patent: 4953085 (1990-08-01), Atkins
patent: 5101353 (1992-03-01), Lupien et al.
patent: 5126936 (1992-06-01), Champion et al.
patent: 5132899 (1992-07-01), Fox
"Software Packages Assist Diverse Needs of Bond Portfolio Managers", Wall Street Computer Review, Jun. 1985, pp. 61-65.

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