Patent ID: 7206761
Filing Date: 2007-04-17
Classification: G06Q

Abstract:
1. A method implemented by a programmed computer system for use in connection with a financial transaction, which method comprises the steps of: forming a first funding certificate issuer and a second funding certificate issuer, wherein each of the first and second funding certificate issuers is a limited liability company and is bankruptcy-remote from each other; issuing a first funding certificate from the first funding certificate issuer to at least one investor, wherein: offering to purchase at least one CD from each of a plurality of seller banks by the first funding certificate issuer, wherein each of the CD's purchased pursuant to a respective offer is to be owned by the first funding certificate issuer; providing each of the plurality of seller banks a mechanism to accept the offer from the first funding certificate issuer; purchasing at least one CD from each of the plurality of seller banks using at least a portion of the proceeds of the issuance of the first funding certificate; recording on a computer acceptance of the offer from each of the plurality of seller banks, wherein a portion of proceeds from the issuance of the first funding certificate is used to only purchase CDs; issuing a second funding certificate from the second funding certificate issuer to at least one investor, wherein: offering to purchase at least one CD from each of a plurality of seller banks by the second funding certificate issuer, wherein each of the CD's purchased pursuant to a respective offer is to be owned by the second funding certificate issuer; providing each of the plurality of seller banks a mechanism to accept the offer from the second funding certificate issuer; purchasing at least one CD from each of the plurality of seller banks using at least a portion of the proceeds of the issuance of the second funding certificate; and recording on a computer acceptance of the offer from each of the plurality of seller banks, wherein a portion of proceeds from the issuance of the second funding certificate is used to only purchase CDs.