Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1997-08-08
2000-02-22
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 37, 705 35, G06F 1760
Patent
active
060291486
DESCRIPTION:
BRIEF SUMMARY
FIELD OF THE INVENTION
This invention relates to a system intended to perform the selective distribution and transfer of assets between different internal portfolios belonging to one or more entities which may or may not be legal persons and which are able to hold, own or collect assets which may themselves be subjected to individual management and/or administration. The object of the invention is, in particular, to provide a data processing system and process capable of performing, in a global and interactive fashion, the selective distribution of information items representing the assets in question.
The invention is intended to be used, for example, for the centralized management of collective investment structures, such as an investment fund, a section or a class of shares/units belonging to a collective investment structure, an ordinary bank account held by a private individual, a pension fund, spare parts or equipment held in stock within industrial or commercial undertakings having a number of branches or subsidiaries.
The problem to which the proposed invention and data processing system relates is explained and described below by means of an example of the way in which they can be applied to the management of collective investment structures.
STATE OF THE ART
All companies and investment promoters are anxious to centralize the administration and management of their collective investment structures (CIS), for reasons of efficiency and cost. The globalization of markets, which has been encouraged by international conventions and treaties, is actually causing promoters to search for the ideal product which is able to accommodate all markets and countries. In practice, the promoter in the field is unfortunately frequently compelled to adapt what should be a single product to different markets or consumers or sales networks. The object is first and foremost to meet a marketing objective. There is a need to meet the expectations and requirements of consumers as closely as possible and also to prevent detrimental effects with regard to tax. To summarize, the problem is that investment promoters have to set up a number of different entities, vehicles and structures.
This means that investment promoters are facing a dilemma. On the one hand, the considerations of efficiency and cost described above encourage then to adopt a single structure, that is to say they are influenced by what might be termed centripetal market forces, i.e. forces which have an essentially centralizing effect. On the other hand, the market is subject to centrifugal forces which are actually decentralizing, are mainly the result of commercial objectives and move in the opposite direction to the centripetal forces. It is centrifugal forces which encourage promoters to create a multiplicity of structures.
In order to resolve this dilemma and reconcile these opposing forces, promoters need to be permitted to globalize the administration and management of all the entities which centrifugal forces compel them to create.
Known globalization methods are based on legal pooling of their assets of one form or another so that they can be subjected to global management and administration. Such pooling is always made possible by the creation of a joint portfolio. An example of such an arrangement is described in U.S. Pat. No. 5,193,056.
DESCRIPTION OF THE INVENTION
This invention takes a different path and provides for a global data processing system for distributing assets between different portfolios belonging to one or more entities which may or may not be legal persons and which are able to hold, own or collect assets and which may themselves be the object of an individual management and/or administration measure. This data processing system is defined in the claims.
The data processing system according to the invention is based on a principle known as "cloning". This term has been chosen from the field of biology. Identical twins are the result of natural cloning. They have the same parents and the same appearance. But in reality, eac
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Fastnet Resources
MacDonald Allen R.
Meinecke-Diaz Susanna
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