Patent NZ-582650-A (NZ)
Title: Asset acquisition, management and occupation systems and methods
Inventor: PHILP WENDY SYLVIA
IPC: G06Q10/00
Filed: 2008-06-19
Abstract: An asset acquisition, financing, management and/or occupation system to enable a first party to finance the acquisition of the asset for a second party is disclosed. The system comprises an input device coupled to be in communication with a processor, a contact management module in communication with the processor to record information about the second party and an asset assessment module in communication with the processor to record. In response to data about the asset selected by a second party for purchase on a deferred settlement or completion basis from the first party entered via the input device, the second party having been approved by a first party on the basis of the information recorded in the contact management module, computer program code components are executed by the processor to determine whether the asset is an asset approved by the first party. For an approved asset: computer program code components are executed by the processor to effect purchasing of the asset by the first party. Computer program code components are executed by the processor to generate a purchase agreement between the first party and the second party for the second party to purchase the asset from the first party via a communication device in communication with the processor at or before a predetermined time with the right to occupy or use the asset under a lease or license. Computer program code components are executed by the processor to generate the purchase agreement between the first party and the second party such that: the second party shares in capital growth arising from the asset from the date of the agreement where the second party settles or completes the purchase of the asset from the first party via the communication device at or before a predetermined time; the second party has a right to exit the purchase agreement via the communication device and not settle or complete the purchase of the asset from the first party at or before the predetermined time; the first party insures itself at least against the risk of the second party not settling or completing the purchase of the asset from the first party at or before the predetermined time; and the second party periodically pays payments calculated by computer program code components executed by the processor to the first party. A proportion of each payment comprises a collateral risk payment calculated by computer program code components executed by the processor, which reflects the risks borne by the first party in undertaking the purchase of the asset and/or allowing the second party to exit the agreement at or before the end of the predetermined time, at least part of the collateral risk payment as calculated by computer program code components executed by the processor covering the cost of the insurance taken out by the first party; and a proportion of each payment comprises a savings portion calculated by computer program code components executed by the processor, which is invested on behalf of the second party, at least part of the invested savings portion as calculated by computer program code components executed by the processor being returned to the second party by the processor at or before the end of the predetermined time, the savings portion calculated by the processor based on information recorded about the asset in the asset assessment module and based on information recorded about the second party and their payments during the predetermined time in the contact management module.