Patent ID: 6760710
Filing Date: 2004-07-06
Classification: G06Q

Abstract:
Improved process for computerized conversion of preferred-return financial instruments, the process including the steps of:providing a first digital electrical computer apparatus including a digital computer having a processor, the processor electrically connected to a memory device for storing and retrieving machine-readable signals, to an input device for receiving input data and converting the input data into input electrical data, and to an output device for converting output electrical data into output having a visual presentation, the processor being controlled by a program to form circuitry in the processor for controlling the apparatus to receive the input data and to produce the output data; inputting, as a portion of the input data, characteristics corresponding to a constant dollar instrument; computing with said apparatus to convert the input electrical data to the output electrical data corresponding to characteristics of an equivalent nominal dollar instrument, the computing including computing a nominal payment schedule for the nominal dollar instrument; wherein the conversion does not include a step using a standard convention for expressing an interest rate or rate of return to determine the characteristics of the equivalent nominal dollar instrument; and generating documentation of the nominal dollar instrument including at least some of the computed characteristics for the nominal dollar instrument.