Patent ID: 8577773
Filing Date: 2013-11-05
Classification: G06Q

Abstract:
1. A computer system for effecting payments to beneficial owners of financial securities through a complex custodial chain of ownership, comprising: a system processor; a database accessible to the system processor, said database being adapted to store information to be incorporated into a document, information identifying financial securities and information identifying beneficial owners of said securities; a tracking element generator associated with said system processor; a document generator associated with said system processor for generating the document, the document comprising an unexecuted tax certification certificate; a communications module associated with said system processor; said system processor and document generator being adapted to incorporate data from said database into the unexecuted tax certification certificate; said system processor and tracking element generator being adapted to incorporate a multi-function tracking element into said unexecuted tax certification certificate, the tracking element containing encoded information used to determine how said unexecuted tax certification certificate should be handled; said system processor and communications module being adapted to forward said unexecuted tax certification certificate for execution by at least one of the beneficial owner of a security, an authorized representative of the beneficial owner, a custodian bank holding the security on behalf of the beneficial owner, or financial intermediaries within a custodial chain of ownership of the security and to receive said tax certification certificate after execution for electronic storage as an executed tax certification certificate; wherein: