Patent ID: 8682763

Claim:
Apparatus for valuation of a pooled security, comprising: a data processing system having one or more program executing computers, and one or more data storage devices; one or more computer programs executing on said data processing system for: receiving or extracting or generating risk data records regarding financial products contracts included in a pooled security, wherein the financial products contracts consist of insurance contracts, reinsurance contracts, loans, lines of credit, or derivative securities based thereon, using the risk data records to determine valuations of the financial products contracts included in the pooled security by calculation or comparison methods, creating a data report in a standard data format containing the financial products contracts data records, storing the data report in the one or more data storage devices, receiving new risk data records regarding one or more of the financial products contracts, using the new risk data records to determine updated valuations of the financial products contracts included in the pooled security by calculation or comparison methods, adding to or modifying the data report to create an updated data report incorporating the new risk data records, and storing the updated data report including the updated valuations of the financial products contracts in the one or more data storage devices; and one or more computer programs executing on said data processing system for determining if a person has provided data records regarding financial products contracts to said data processing system and calculating a system credit related to a quantity of data elements provided by said person.