Company Filing History:
Years Active: 2013-2014
Title: The Innovative Mind of Charles McGarraugh
Introduction
Charles McGarraugh is a notable inventor based in Brooklyn, NY. He has made significant contributions to the field of finance through his innovative patents. With a total of 3 patents, McGarraugh has developed techniques that enhance financial products and services.
Latest Patents
One of McGarraugh's latest patents is titled "Collateralized loans with periodic draws subject to a triggering event." This document describes techniques for implementing a collateralized loan with periodic draws that are contingent upon a triggering event. The process includes receiving funds from a client and establishing a credit line that is collateralized by those funds. Periodically, an amount from the credit line may be dispensed upon the occurrence of a predetermined event, such as the client's attainment of a certain age, and continues until the client's death. Upon the client's death, any remaining funds may be released to the client's estate.
Another significant patent is "Index-linked notes with periodic coupons subject to a triggering event." This patent outlines index-linked notes that allow a purchaser to receive periodic coupons as long as a triggering event does not occur. If the triggering event, such as the purchaser's death, does occur, the payment of the periodic coupons ceases. The amount of these coupons is often tied to a financial index, such as the Bloomberg index or the S&P 500.
Career Highlights
Charles McGarraugh is currently employed at Goldman Sachs & Co. LLC, where he applies his expertise in financial innovations. His work at this prestigious firm has allowed him to further develop his ideas and contribute to the financial industry.
Collaborations
Throughout his career, McGarraugh has collaborated with notable colleagues, including William J. Cassano and Alexander A. Dubitsky. These collaborations have fostered an environment of innovation and creativity in the financial sector.
Conclusion
Charles McGarraugh is a distinguished inventor whose work has significantly impacted the financial industry. His innovative patents demonstrate his commitment to enhancing financial products and services. Through his career at Goldman Sachs & Co. LLC, he continues to push the boundaries of financial innovation.