Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1998-05-01
1999-08-31
Tkacs, Stephen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, 705 37, G06F 1760
Patent
active
059466677
ABSTRACT:
A data processing system and method is disclosed for implementing and control of a financial debt instrument which is issued for a limited period of time and is traded as a listed security. The debt instrument is based on an underlying basket of stocks optimally selected to track an established capital market and its price also reflects accrued investment income and maintenance expenses. The data processing system receives input from the capital market and periodically evaluates the performance of the financial debt instrument, reporting its price to customers. Also disclosed is a data processing system for administering an investment group of such debt instruments designed to track the performance of several domestic and foreign markets, estimate their return and provide current price information to customers.
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Fox John Vincent H.
Karsenty Myriam Joelle
Tull, Jr. Robert Stanley
Weisberger David M.
Morgan Stanley Group, Inc.
Tkacs Stephen R.
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