Patent ID: 8112346
Filing Date: 2012-02-07
Classification: G06Q

Abstract:
1. A computer system for administration of data associated with financial instruments, comprising: a data storage device for storing data associated with holder financial instruments, each of the holder financial instruments representing a right to receive and distribute a participant financial instrument, each participant financial instrument representing a right of an individual within an age range to receive a plurality of periodic payments, fixed in amount, commencing in the future, the data comprising data indicative of an identity of a holder of the holder financial instruments and the age range; a communication module in communication with a network; a processor in communication with the data storage device and the communication module, the processor configured to: responsive to receipt via the communication module of data indicative of a request to purchase holder financial instruments, provide an output signal having data indicative of holder financial instruments issued and an identity of a purchaser of the holder financial instruments; responsive to receipt via the communication module of data indicative of a request for conversion of holder financial instruments to participant financial instruments, determine an allocation of the holder financial instruments to participant financial instruments and provide an output signal having data indicative of an identity of an individual and participant financial instruments allocated to the individual.