Patent ID: 8219475
Filing Date: 2012-07-10
Classification: G06Q

Abstract:
1. A computer-implemented financial method, said method comprising the steps of: determining, using a programmed computer, a discount price of an underlying security; structuring, using the programmed computer, an exchange traded exchangeable security with a minimum holding period exchange date and an exchange maturity date, wherein said exchangeable security can be exchanged, at the option of the holder, for a predetermined specific number of shares of the underlying security at a time beginning or later than the minimum holding period and ending at the predetermined exchange maturity date, the exchangeable security linked to a pre-determined linked payment paid to the holder of said exchangeable security at said maturity date if said exchangeable security is tendered for the underlying security at a time on or after the minimum holding period through the maturity date; determining, using the programmed computer, the payment amount linked to the exchangeable security; setting, using the programmed computer, an offering price at a first time for the exchangeable security with the linked payment amount, wherein the offering price is the discounted price of the underlying security; issuing, using the programmed computer, the exchangeable security; determining, using the programmed computer, at a second time if the time exceeds the minimum holding period and exchanging, the underlying security for the exchangeable security; and determining, using the programmed computer, if the second time is at or after the maturity date, and crediting the linked payment amount.