Patent ID: 8595102
Filing Date: 2013-11-26
Classification: G06Q

Abstract:
1. A method on a server for structuring a deposit amount exceeding a governmental insurance limit, such that an entirety of the deposit amount is governmentally insured, comprising: receiving from a customer, via a financial network, a deposit amount exceeding a governmental insurance limit; identifying a plurality of pre-existing special purpose entities (SPEs), wherein a number of the plurality of SPEs is a whole number calculated by dividing the deposit amount by an amount equal to the governmental insurance limit minus a delta; calculating a plurality of sub-deposit amounts by dividing the deposit amount by an amount equal to the governmental insurance limit minus the delta; defining a plurality of sub-deposits, wherein each of the plurality of sub-deposits is comprised of one of the plurality of sub-deposit amounts; transferring, via the financial network, each of the plurality of sub-deposits to a corresponding one of the plurality of SPEs; automatically recording, in a database, each transfer of a sub-deposit to an SPE as a loan from the customer to the SPE; and automatically generating, by a computer, an insured deposit note from each of the plurality of SPEs to the customer, wherein each insured deposit note obligates an SPE to repay to the customer an amount equal to the sub-deposit amount transferred to the SPE, and wherein each insured deposit note pledges as security to the customer an amount of funds equal to the sub-deposit amount transferred to the SPE; wherein each sub-deposit with an SPE does not exceed the governmental insurance limit and is governmentally insured in its entirety.