Patent ID: 8538839

Claim:
A method, comprising: accessing, by one or more computers, Transfer Fee data held in one or more databases on a required Transfer Fee to be paid to a third party that is not the borrower or an owner/lender of a security for a right to loan one or more units of the security, wherein the security comprises one or more selected from the group of an exchange traded product unit, a bond, a common stock, and a closed end collective investment vehicle unit; accessing, by the one or more computers, loan data on a loan of one or more units of the security, the loan data comprising the number of the units of the security and/or value data for the security loaned, and an identification of one or more of an owner/lender of the security or a borrower of the security; correlating, by the one or more computers, the loan data for the loan of the security with the Transfer Fee data for the right to loan the security; calculating or having calculated and/or determining or having determined, by the one or more computers, an amount of a Transfer Fee for the right to loan the number of units or value of the security based at least in part on the Transfer Fee data for the respective security; debiting or having debited and/or generating data for debiting at least one account and/or generating or having generated and/or sending or having sent at least one bill, by the one or more computers, for the amount of the Transfer Fee to be paid to the third party that is not the borrower or the owner/lender of the security for a right to loan the number of units or value of the security, based at least in part on the calculating and/or determining step; sending or having sent or generating or having generated, data on an amount of revenue from one or more of the Transfer Fees to be paid for the security issued by a collective investment vehicle or other entity where the Transfer Fee may be accrued or is to be accrued; wherein the Transfer Fee is based at least in part on a fee algorithm comprising an amount time period, wherein the sending or having sent or generating or having generated or making accessible electronically data step further comprises accruing the amount of the Transfer Fee for the right to loan the number of units or the value of the security of the collective investment vehicle as the time periods for the loan of the security elapse, and updating or having updated, by the one or more computers, the one or more databases periodically or on an ad hoc basis to obtain a current accrued amount of the Transfer Fee for the loan of the number of units or value of the security for use in calculating a net asset value (NAV) for the collective investment vehicle, wherein the one or more databases contain information pertaining to terms related to calculation of the Transfer Fee as described in a trust agreement and/or prospectus for the security.