Patent ID: 7970700
Filing Date: 2011-06-28
Classification: G06Q

Abstract:
1. An apparatus for providing a financial product from a first party to a second party, wherein the apparatus includes a processing system configured to: a) receive, by a processor of the processing system, loan parameters relating to a loan from the first party to the second party; and, b) determine, by the processor, using the loan parameters and a repayment rule, payments to be paid by the second party to the first party, and c) determine, by the processor, using the loan parameters and the repayment rule, a maximum allocation rate, d) apply, by the processor, an allocation rate, which is less than or equal to the maximum allocation rate, to the payments to determine, (1) a first portion of each payment used for at least partially repaying at least one of the principal and interest on the loan; and, (2) a second portion of each payment used for at least partially acquiring an investment for the second party; and (e) determine, by the processor, at the end of a loan period of the loan, whether at least a portion of the investment is to be sold to pay an outstanding amount for the loan, wherein the at least a portion of the investment is sold as a result of a positive determination.