Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2004-05-28
2009-06-09
Kazimi, Hani (Department: 3696)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S03600T, C705S037000, C707S793000, C707SE17008, C707S793000
Reexamination Certificate
active
07546259
ABSTRACT:
An apparatus, method, and system that implements a Securities Tracking Management System (STMS) for providing an effective solution to clear, track, detect, manage, and alert various entities of invalid securities certificates. The STMS tracks securities certificates (particularly as they become invalid), and enables users to promptly query for invalid securities certificates without requiring the intervention of a transfer agent. In one embodiment, the STMS contains details of all invalid physical certificates that ever existed. The STMS may act as an early warning system for the clearing of physical certificates during the dematerialization process. Further, the STMS may also issue alerts of attempts to convert in securities certificates that are already marked as invalid in the STMS database. Further, the STMS allows the various entities involved in securities certificate trafficking to better track and manage expired certificates in an easier, more secure and transparent manner. The result and manner in which this is achieved, yields the generation of a never before available clearinghouse for securities certificates at the time of dematerialization.
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Kazimi Hani
Locke Lord Bissell & Liddell LLP
Rankins William E
Thomson Financial LLC
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