Patent ID: 8756136

Claim:
A computer-implemented process for creating and issuing instruments for a synthetic fund, comprising: electronically receiving at a non-transitory processor a request from a purchaser transmitted over a computer network for at least one customized structured note, where the request comprises: an amount of the at least one structured note; and at least one term of the at least one structured note including the selection by the purchaser of multiple objective valuation measures (OVM) to provide a desired investment exposure; wherein the selected OVMs have publicly available performance data such that the performance of the customized structured note is ascertainable; electronically generating at a non-transitory processor the at least one customized structured note based on the request; receiving at a non-transitory processor payment for the at least one cuztomized structured note; and electronically issuing the at least one structured note, where the at least one structured note is an unsecured liability of the obligor in which the obligor is expressly under no obligation to purchase assets corresponding to the selected OVMs or to otherwise purchase assets specifically securing the obligation to the purchaser under the customized structured note.