Patent ID: 7542933
Filing Date: 2009-06-02
Classification: G06Q

Abstract:
1. A system operator computer-implemented process of creating, issuing and holding a certificate identifying a unique specific portfolio of assets in the form of certificates of deposit (“CD's”) in an agency format so that there is a transferable structure of legal ownership of the portfolio of assets which is attributed to a holder of the certificate, not an entity holding the portfolio of assets, the process comprising the following steps: communicating financially with CD-issuing deposit taking institutions (“bank issuers”); unitizing CD's issued by said bank issuers into a portfolio of FDIC insured CD's called a Certificate of Deposit Agency Portfolio (“CDAP”) by said system operator computer; delivering and trading said CDAP's through an exchange clearing house, with each CDAP being a single investment instrument for purchase and sale purposes; customizing, by the system operator computer, each CDAP for each investor such that each investor is assured that there will be no overlap in FDIC insurance contained within the CDAP, including blocking inclusion of CD's from any bank issuer whose CD's are held by the investor in any other CDAP (or any other instrument registered with the system operator) based on computer reference to a master database maintained in the system operator computer; the system operator marketing CDAP's to the investors using the system operator computer; providing a system clearing house in financial communication with the exchange clearing house, the system operator, and the bank issuers to act as an agent facilitating transactions; and providing an internet website to provide on-line information and communications among the system operator, the system clearing house, the exchange clearing house, the bank issuers and the investors.