Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
1999-08-07
2010-06-22
Trammell, James P (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S001100, C705S004000, C705S014100, C705S014250, C705S035000, C705S038000
Reexamination Certificate
active
07742966
ABSTRACT:
A method of intermediation services providing an efficient market for a class of financial products in which transactions occur in distinct origination and secondary sectors, the method including outputting a pricing schedule providing credits for transactions fees paid in one sector for redemption against the transaction fees for the other. An embodiment includes offering information, captured in the course of providing intermediation services, at prices that are reduced as transaction fees increase. The method of the invention provides an efficient market for the provisioning of financial products that not only invites lenders, loan seekers, loan traders, offerors of lines of credit, seekers of lines of credit, traders of lines of credit, insurers, insurance seekers, and reinsurers to patronize a system employing the method, but which has conventions that induce them to patronize the system employing the method. The invention further contemplates the system employing the method.
REFERENCES:
patent: 4677552 (1987-06-01), Sibley
patent: 4750119 (1988-06-01), Cohen et al.
patent: 4903201 (1990-02-01), Wagner
patent: 4980826 (1990-12-01), Wagner
patent: 5034916 (1991-07-01), Ordish
patent: 5077665 (1991-12-01), Silverman
patent: 5101353 (1992-03-01), Lupien
patent: 5193056 (1993-03-01), Boes
patent: 5297032 (1994-03-01), Trojan
patent: 5327508 (1994-07-01), Deaton
patent: 5375055 (1994-12-01), Togher
patent: 5444630 (1995-08-01), Dlugos
patent: 5508913 (1996-04-01), Yamamoto
patent: 5611052 (1997-03-01), Dykstra
patent: 5636117 (1997-06-01), Rothstein
patent: 5644726 (1997-07-01), Oppenheimer
patent: 5689650 (1997-11-01), McClelland et al.
patent: 5704045 (1997-12-01), King
patent: 5742775 (1998-04-01), King
patent: 5774883 (1998-06-01), Anderson
patent: 5787402 (1998-07-01), Potter
patent: 5794207 (1998-08-01), Walker
patent: 5794219 (1998-08-01), Brown
patent: 5806048 (1998-09-01), Kiron
patent: 5809478 (1998-09-01), Greco
patent: 5809483 (1998-09-01), Broka
patent: 5835896 (1998-11-01), Fisher
patent: 5845265 (1998-12-01), Woolston
patent: 5845266 (1998-12-01), Lupien
patent: 5873071 (1999-02-01), Ferstenberg
patent: 5878403 (1999-03-01), DeFrancesco
patent: 5884286 (1999-03-01), Daughtery
patent: 5890138 (1999-03-01), Godin
patent: 5893079 (1999-04-01), Cwenar
patent: 5895454 (1999-04-01), Harrington
patent: 5903882 (1999-05-01), Asay et al.
patent: 5924082 (1999-07-01), Silverman
patent: 5940812 (1999-08-01), Tengel
patent: 5966699 (1999-10-01), Zandi
patent: 5966700 (1999-10-01), Gould et al.
patent: 5995947 (1999-11-01), Fraser et al.
patent: 6006200 (1999-12-01), Boies
patent: 6006207 (1999-12-01), Mumick et al.
patent: 6026364 (2000-02-01), Whitworth
patent: 6029141 (2000-02-01), Bezos
patent: 6049782 (2000-04-01), Gottesman et al.
patent: 6119093 (2000-09-01), Walker
patent: 6233566 (2001-05-01), Levine
patent: 6272528 (2001-08-01), Cullen et al.
patent: 6385594 (2002-05-01), Lebda et al.
patent: 6876992 (2005-04-01), Sullivan
patent: 2004/0236698 (2004-11-01), Sweeney
patent: 0 434 224 (1991-06-01), None
patent: 0 512 702 (1992-11-01), None
patent: 0 895 173 (1999-02-01), None
patent: 1 489 571 (1977-10-01), None
patent: 10-312437 (1998-11-01), None
patent: WO 95/27945 (1995-10-01), None
patent: WO 97/08640 (1997-03-01), None
patent: WO 97/30407 (1997-08-01), None
patent: WO 97/45802 (1997-12-01), None
patent: WO 99/09470 (1999-02-01), None
patent: WO 99/13425 (1999-03-01), None
IMEX Mortgage Exchange “IMX Technology Solutions for Mortage Industry”, Feb. 1999.
“Internet Mortgage Aggregators Multiply,” American Banker Further Banking Supplement (Dec. 1, 1997).
“Lenders Turn to Aggregate Sites: Online Markets Start to Emerge,” Credit Risk Management Report (Jun. 29, 1998).
Bower, Jeffrey E.: Credit Scoring and Artificial Intelligence, ABA Bank Compliance (Jul. 1, 1998) pp. 37-42.
E-Loan.com, selected web pages from www.eloan.com (Apr. 11, 1999).
Fesharaki, Fereidun et al., “Adjustment of Worldwide Refining Capacity is Not Over Yet,” Oil & Gas J. (Apr. 20, 1987).
On-line Mortgage Trading System Debuts, Business Wired (Oct. 1, 1997).
The Gale Group, CFI ProServices Announces a New Software Product That Simplifies Fair Lending, pp. 1-3 (Jun. 1, 1994).
GetSmart.com, selected pages from www.getsmart.com (Apr. 11, 1999).
Goss, John: We know Who You Are and We Know Where You Live: The Instrumental Rationality of Geodemographic Systems, Economic Geography (Apr. 1995).
Homeadvisor.com, selected web pages from www.homeadvisor.com (Apr. 11, 1999).
Homeshark.com, selected pages from www.homeshark.com (Apr. 11, 1999).
IMX, “IMX Mortgage Exchange develops secure technology to connect brokers and lenders,” ttp://corp.imx.com/corp
ewsroom/press/97—10—01.asp (Oct. 1, 1997).
IMX (Industrywide Mortgage Exchange) “IMX Exchange Readies PowerTrade for Lenders,” http://corp.imx.com/corp
ewsroom/press/98—05—06.asp (May 6, 1998).
IMX Mortgage Exchange, “IMX Technology Solutions for Mortgage Industry” (undated).
Instinet: Instinet Trading, A Guide (1994).
Lendigtree.com, selected pages from www.lendingtree.com (Apr. 11, 1999).
Robert Mabro: Netback Pricing and the Oil Collapse of 1986, Oxford Institute for Energy Studies (1987).
Phillips Business Information, “Marketplace Profile: Network Vendor,” Credit Risk Management Report (Jul. 27, 1998).
Meridien Research Inc., “Shifting Power to the Buy Side: Automating Fixed Income Markets” (Oct. 1999).
Mortgage.com, selected web pages from www.lstmtg.com (Apr. 11, 1999).
The Mortgage Professor's Website—The Different Types of Mortgage Web Sites, from www.mtgprofessor.com Jan. 11, 1999.
“The Mortgage Professor's Website—Summary Evaluation of Shopping Sites” and “Detailed Evaluation of Shopping Sites,” from www.mtgprofessor.com, Nov. 17, 1998.
Muolo, Paul: “Farewell, Big Pond—Hello Startup,” U.S. Banker vol. 108 No. 5 pp. 108-112 (May 1998).
“Netbacks Have Deeply Changed International Crude Oil Pricing,” Notational Petroleum News (Jun. 1986).
Peters, Rich, “Risk-Based Pricing,” Credit World (Mar. 1, 1993).
Priceline.com, selected pages from www.priceline.com (Apr. 11, 1999).
Quicken.com, selected pages from www.quicken.com (Apr. 11, 1999).
Reinbach, Andrew: The Bidding Wards: Mortgage Exchanges Force Commoditization, Bank Systems and Technology (Nov. 1996).
Tahmassebi, “Netback Deals Could Bring Some Stability to Oil Market,” Oil & Gas J. (Jan. 20, 1996).
Wise, Christy, Three Strategies, Mortgage Banking (Apr. 1, 1998).
Robert Mabro: Netback Pricing and the Oil Collapse of 1986, Oxford Institute for Energy Studies (1987).
Instinet: Instinet Trading, A Guide (1994).
Greene, Jr. Daniel L
Marketcore.com, Inc.
St. Onge Steward Johnston & Reens LLC
Trammell James P
LandOfFree
Efficient market for financial products does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Efficient market for financial products, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Efficient market for financial products will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4187172