Guarantee certificates

Details Guarantee certificates Guarantee certificates

2006-02-10

2011-11-22

Subramanian, Narayanswamy (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S03600T, C705S03600T, C705S037000, C705S038000

Reexamination Certificate

active

08065208

ABSTRACT:
Methods and systems are provided for issuing a new type of security, referred to herein as a “Guarantee Certificate,” which offers payments to a holder contingent upon the occurrence of specified risk-related events that would typically trigger an insurance or guaranty payment. Guarantee Certificates offer a mechanism for separating certain payment rights associated with a pool of assets (which may or may not be securitized) from the remaining payment rights associated with the pool, such that the payment rights form separate, transferable financial instruments. These instruments evidence an obligation of a mortgage insurer or a securities guarantor to make payments triggered by certain default-related events involving a corresponding (in the case of a mortgage insurer) or an underlying (in the case of a securities guarantor) mortgage loan or loans. A data processing system creates and maintains information corresponding to the Guarantee Certificates. A Guarantee Certificate may be tradable by the holder.

REFERENCES:
patent: 5523942 (1996-06-01), Tyler et al.
patent: 5832461 (1998-11-01), Leon et al.
patent: 5930775 (1999-07-01), McCauley et al.
patent: 5946667 (1999-08-01), Tull et al.
patent: 5950175 (1999-09-01), Austin
patent: 5966700 (1999-10-01), Gould et al.
patent: 5983206 (1999-11-01), Oppenheimer
patent: 5987435 (1999-11-01), Weiss et al.
patent: 6067533 (2000-05-01), McCauley et al.
patent: 6070151 (2000-05-01), Frankel
patent: 6078903 (2000-06-01), Kealhofer
patent: 6088685 (2000-07-01), Kiron et al.
patent: 6092056 (2000-07-01), Tull et al.
patent: 6167384 (2000-12-01), Graff
patent: 6178406 (2001-01-01), Cheetham et al.
patent: 6192347 (2001-02-01), Graff
patent: 6208978 (2001-03-01), Walker et al.
patent: 6233566 (2001-05-01), Levine et al.
patent: 6249775 (2001-06-01), Freeman et al.
patent: 6330541 (2001-12-01), Meyer et al.
patent: 6360210 (2002-03-01), Wallman
patent: 6381585 (2002-04-01), Maples et al.
patent: 6970836 (2005-11-01), Paltenghe et al.
patent: 7028007 (2006-04-01), Abrahams et al.
patent: 7099843 (2006-08-01), Cassidy et al.
patent: 7792742 (2010-09-01), Thomas et al.
patent: 7797214 (2010-09-01), Rosen et al.
patent: 7797217 (2010-09-01), Rosen et al.
patent: 7904383 (2011-03-01), Livermore et al.
patent: 2001/0025264 (2001-09-01), Deaddio et al.
patent: 2002/0019789 (2002-02-01), Ginsberg
patent: 2002/0035530 (2002-03-01), Ervolini et al.
patent: 2004/0054621 (2004-03-01), Bretvin
patent: 2005/0216384 (2005-09-01), Partlow et al.
patent: 2006/0143099 (2006-06-01), Partlow et al.
patent: 2006/0271462 (2006-11-01), Harmon
patent: 2007/0106591 (2007-05-01), Waisbren
patent: 2008/0126267 (2008-05-01), Rosen et al.
patent: 2008/0249809 (2008-10-01), Rosen et al.
patent: 2010/0153254 (2010-06-01), Shalen
patent: 2010/0153263 (2010-06-01), Keadle et al.
patent: 2010/0250432 (2010-09-01), Obegi
patent: 2010/0293092 (2010-11-01), Voltz et al.
patent: 2011/0125669 (2011-05-01), Smith et al.
patent: 2011/0131066 (2011-06-01), Butcher et al.
patent: WO 94/23528 (1994-03-01), None
patent: WO 99/46710 (1998-03-01), None
patent: WO 2005/059781 (2005-06-01), None
“Finance and the Family (in the News): Quicker Way Home/Abbey National to Give Mortgage Guarantee Certificates,” Financial Times Section E (Jan. 25, 1986).
Padgette, “Performance Reporting: The Basics and Beyond: Part I,” Journal of Financial Planning, Jul. 1995, pp. 110-118.
Anonymous, “Newly Launched Russell/Mellon Analytical Services Combines Global Client Base to Serve more than $2 Trillion in Assets,” Newswire, Jan. 20, 1999, p. 1488.
Anonymous, “Benchmarks for Evaluating Performance,” Association Management, Jun. 1998, pp. 64.
Ghani, “Plan for Bank-Capital Rules Spurs Doubts,” Jun. 7, 1999, Asian Wall Street Journal, p. 2 (2 pages).
Seiberg, “Risk-Indexed Capital Rules Proposed by Global Panel,” American Banker, vol. 164, Issue 106, Jun. 4, 1999, p. 1 (3 pages).
Office Action dated Dec. 31, 2008, for U.S. Appl. No. 11/350,792, filed Feb. 10, 2006, (10 pages).
Office Action dated Dec. 28, 2007, for U.S. Appl. No. 10/813,260, filed Mar. 31, 2004, (14 pages).
Office Action dated Aug. 6, 2008, for U.S. Appl. No. 10/813,260, filed Mar. 31, 2004, (11 pages).
Office Action dated Feb. 12, 2009, for U.S. Appl. No. 10/813,260, filed Mar. 31, 2004, (8 pages).

Affiliated with

Also associated with

Rating

Guarantee certificates does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Guarantee certificates, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Guarantee certificates will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4271595