Patent ID: 7860771

Claim:
A method implemented by a programmed computer system for use in connection with a financial transaction, which method comprises the steps of: offering to purchase at least one CD from each of a plurality of seller banks; providing each of the plurality of seller banks an electronic mechanism to accept the offer; purchasing at least one CD from each of the plurality of seller banks via an electronic wire transfer; electronically recording, by a computer, each acceptance from each of the plurality of seller banks, aggregating, by a computer, at least a portion of the CD's from the plurality of seller banks, which are recorded as acceptances, as pooled assets associated with a funding certificate, wherein the funding certificate is a note comprising either a debt, equity or a combination of debt and equity instrument and wherein the funding certificate is represented by an electronic funding certificate; and issuing, by a computer, the electronic funding certificate from a funding certificate issuer to at least one investor, wherein the electronic funding certificate is for a principle amount; and using at least a portion of the proceeds from the issuance of the electronic funding certificate to obtain the pooled assets and wherein the principal amount of the electronic funding certificate is secured entirely by an equal principal amount of the CD's from the plurality of seller banks that results in the funding certificate that is Triple A rated.