The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 04, 2018
Filed:
May. 02, 2014
Island Intellectual Property Llc, Manhasset, NY (US);
Bruce Bent, Manhasset, NY (US);
Bruce Bent, II, Manhasset, NY (US);
Rebecca Gareis Bent, Manhasset, NY (US);
David Edgar Gareis, Carlsbad, CA (US);
Island Intellectual Property LLC, Manhasset, NY (US);
Abstract
A method, system and program product, the method in one embodiment comprising: A method, comprising: accessing databases comprising: client information for each of a plurality of respective clients, comprising a balance of funds of the client; a distribution percent value, X, for tranches; information for each of multiple government backed-insured aggregated time deposit instruments holding a tranche of client funds, comprising: a rate; an identification of the depository institution; a term; and determining a given client available distribution amount, D; determining an amount of a client tranche to be deposited in each of Ndepository institutions based at least in part on the percentage, X, in order that the client tranches are approximately equal and are insured; determining Ndepository institutions to distribute the client tranches; allocating substantially equally respective client tranches to the Ndepository institutions; generating data for instructions to transfer the respective client tranches; updating, the databases.