Patent ID: 7979337

Claim:
A computer system for administration of data associated with financial instruments, comprising: a data storage device for storing data associated with investment income shares, each of the investment income shares representing a fully paid-up right to receive and distribute a participant income share, each participant income share representing a right of an individual within a fixed age range to receive payments in a fixed amount at fixed intervals commencing at a fixed future income start date and continuing for a lifetime, the fixed amount being a precise and invariable amount set at the time of purchase of the investment income shares, the data comprising data indicative of an identity of a holder of the investment income shares, the fixed age range, the fixed amount, the fixed intervals and the fixed future income start date; a communication module in communication with a network; a processor in communication with the data storage device and the communication module, the processor configured to: responsive to receipt via the communication module of data indicative of a request to purchase investment income shares, provide an output signal having data indicative of investment income shares issued and an identity of a holder of the investment income shares; responsive to receipt via the communication module of data indicative of a request for conversion of investment income shares to participant income shares, determine an allocation of the investment income shares to participant income shares and provide an output signal having data indicative of an identity of an individual and participant income shares allocated to the individual; and provide output signals having data indicative of payout of said participant income shares to the individual.