Processing system for managing bi-media investments

Abstract

A processing system manages investments, wherein certain types of investments are represented in two redundant media, the first media being an investment that produces revenue and the second media being a negotiable draft similar to a traveler's check, drawn against an issuer other than the investor. The processing system supervises the issuance of drafts in response to the addition of a first media investment to an investment account, permits issued drafts to be transferred between account holders and to non-holders, and supervises buy and sell orders relating to each account to ensure that an appropriate balance of values is maintained between the first and second media investments in each account such that each outstanding draft is supported by a first media investment. Provision is made for the system to collect a charge upon transfer or issue of a draft without degrading the value of the first media investment principal, and further provision is made for the owner or record of a draft to continue to benefit from the earnings of an associated value of first media investment even after transfer of the draft to another party under selected circumstances, such as when the new owner does not hold an investment account with the institution managing the account.