Issuing machine and issuing system for public-offering a financing instrument on-line
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United States of America Patent
Stats
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Jan 24, 2012
Grant Date -
May 26, 2011
app pub date -
Dec 23, 2010
filing date -
Sep 3, 2001
priority date (Note) -
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status (Latency Note)
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Abstract
An issuing system for issuing unmodifiable and/or unforgeable hardcopy documents or securities includes a server and a plurality of issuing machines connected to the server via a network. Each of the issuing machines receives an ID recording medium provided by a potential purchaser, retrieves an identification recorded in the received ID recording medium, requests the potential purchaser to input a request for a transaction of the security or financing instrument, processes the requested transaction, and prints out on demand a hardcopy of the security or financing instrument as purchased by the potential purchaser and a checksum thereon. A method for forming a new market with the issuing system embodies preparing the financing instrument, public-offering the financing instrument, delivering to the purchaser a financial disclosure, requesting the purchaser to acknowledge receipt and review of the financial disclosure, confirming acknowledgement of the financial disclosure from the purchaser; and processing the requested transaction by retrieving information via the network to the server.
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