COMPUTER SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR MANAGING A FINANCIAL PRODUCT
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United States of America Patent
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Issued Date -
Apr 19, 2012
app pub date -
Sep 5, 2007
filing date -
Sep 5, 2007
priority date (Note) -
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Abstract
For managing a financial product linked to an insurance event, the product provider (10) receives from an investor (30) a principal payment (S1) for the financial product. The product provider (10) generates an interest fee or premium payment (S3) for the financial product to a risk-taking entity (20). For cases where an insurance event occurred that is linked to the financial product, the risk-taking entity generates a bonus payment (S5) for the financial product. For cases where there is no occurrence of an insurance event that is linked to the financial product, the provider or the risk-taking entity generates a return interest payment (S7) for the financial product, the return interest payment being significantly lower than the bonus payment. Consequently, an investor (30) does not lose his principal payment but receives, in addition to the invested principal, at least a defined return interest payment when the respective insurance event does not occur, or a significant bonus payment when the respective insurance event does occur. Hence, there is an incentive for parties other than insurees to provide financial resources for the coverage of damages resulting from insurance events.
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