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:
Oct. 12, 2010
Filed:
Jun. 05, 2007
Paul Edward Kuhnle, Doylestown, PA (US);
George Tedesche Simon, Evanston, IL (US);
John Stuart Thomas, Morristown, NJ (US);
Mark Steven Criscitello, Colts Neck, NJ (US);
Daniel Joseph Mccabe, Upper Saddle River, NJ (US);
Paul Edward Kuhnle, Doylestown, PA (US);
George Tedesche Simon, Evanston, IL (US);
John Stuart Thomas, Morristown, NJ (US);
Mark Steven Criscitello, Colts Neck, NJ (US);
Daniel Joseph McCabe, Upper Saddle River, NJ (US);
D12 Ventures, LLC, Morristown, NJ (US);
Abstract
An ETF creation and redemption mechanism for use in managed Exchange Traded Fund (ETF) that retains the confidentiality of the ETF assets. An agency relationship is established with an AP representative who receives the underlying securities from the ETF as part of a like kind exchange in a redemption event. In an alternative embodiment, the AP representative may be used to obtain the portfolio securities as directed by the ETF to perform a creation event. The representative relationship is preferably established by an authorized participant (AP) according an agreement between the AP and the ETF.