System and Method for Equitably Allocating a Financial Distribution to Multiple Investors Using a Payment System
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United States of America
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Issued Date -
Mar 20, 2025
app pub date -
Nov 28, 2024
filing date -
Nov 28, 2024
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Abstract
A computer-implemented method for creating equitable payment instructions for equitably distributing income from an income-producing security to an investor, the method including: receiving an income distribution from a security issuer of an income-producing security; transferring the income distribution to a custodian; retrieving transaction data; retrieving an investor share number; dividing the payment period into a sequence of share-intervals; assigning the transaction to a corresponding share-interval using the transaction data; calculating a ending share-interval value; identifying the ending share-interval value of the last share-interval of the payment; calculating a cumulative ending share-interval value for the investors; generating equitable payment instructions for the investor based on the calculated income payable; storing, in the memory, the equitable payment instructions; and transmitting the equitable payment instructions to the custodian for equitable distribution to the investor of the payable income.
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