Renewable option accounting and marketing system

Details Renewable option accounting and marketing system Renewable option accounting and marketing system

1987-05-11

1989-04-18

Smith, Jerry

Boots, shoes, and leggings

364406, G06G 752

Patent

active

048232653

ABSTRACT:
A system and method for processing transactions in renewable options in stocks or other securities. The system provides means for entry of customer data and renewable option transaction data, means for processing the data, and means for storing the data. Included in the transaction data is data regarding the criteria under which the renewable option investment will be renewed, as well as data indicating the renewal premium for renewing the renewable option, which may be a fixed amount or an amount based on additional data. Through this system, the renewable option may be renewed periodically for a fixed period, until a designated event occurs, or perpetually. Means for storing criteria under which the renewable options are exercised, sold, or allowed to expire, and for processing the exercise, sale, or expiration of such renewable options, are also disclosed. Also disclosed is a method for processing transactions in such renewable options.

REFERENCES:
patent: 4321672 (1982-03-01), Braun et al.
patent: 4334270 (1982-06-01), Towers
patent: 4346442 (1982-08-01), Musmanno
patent: 4376978 (1983-03-01), Musmanno
patent: 4390968 (1983-06-01), Hennessy et al.
patent: 4412287 (1983-10-01), Braddock, III
patent: 4486853 (1984-12-01), Parsons
patent: 4566066 (1986-01-01), Towers
patent: 4597046 (1986-06-01), Musmanno et al.
patent: 4598367 (1986-07-01), DeFrancesco et al.
"Characteristics and Risks of Standardized Options," dated Sep. 1985.

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