Patent ID: 8374945
Filing Date: 2013-02-12
Classification: G06Q

Abstract:
1. A computer system for processing data related to financial instruments for providing deferred income, comprising: a data storage device storing data relating to financial instruments for purchase, each of the financial instruments representing a right to receive payments made on a periodic and deferred basis to an individual for a term, the data including, for each of a plurality of classes of the financial instruments, a price of the financial instrument, one or more rules specifying permitted values of one or more actuarial risk factors of individual purchasers, data indicative of the amount of the payments and the frequency of the payments, and deferral data; a processor in communication with the data storage device; and a communication module in communication with the processor; the processor configured to receive via the communication module data indicative of a request to purchase one or more of the financial instruments, the data including: data indicative of an amount of purchase payment; data indicative of the values of the one or more actuarial risk factors for an individual purchaser; and data identifying the individual purchaser; the processor further configured to determine, based on the received data indicative of the values of the one or more actuarial risk factors for the individual purchaser, a class of the financial instruments for issue to the individual and, based on the amount of purchase payment and the price associated with the determined class, a number of the financial instruments for issue to the individual purchaser, and to output data for generation of the determined number and class of the financial instruments for issue to the individual purchaser.