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:
Aug. 07, 2012
Filed:
Jun. 24, 2011
Lisa Ellis Schwartz, Helotes, TX (US);
Phillip Neil Beyer, Fair Oaks Ranch, TX (US);
Douglas Irby Ward, San Antonio, TX (US);
Christopher Charles Ogburn, Helotes, TX (US);
John Dale Hegstrom, San Antonio, TX (US);
Ronald Bryan Sweet, San Antonio, TX (US);
Sarah Brooke Severson, San Antonio, TX (US);
Robert J. Schaffer, Iii, Middleton, WI (US);
Christopher P. Keene, Spring, TX (US);
Lisa Ellis Schwartz, Helotes, TX (US);
Phillip Neil Beyer, Fair Oaks Ranch, TX (US);
Douglas Irby Ward, San Antonio, TX (US);
Christopher Charles Ogburn, Helotes, TX (US);
John Dale Hegstrom, San Antonio, TX (US);
Ronald Bryan Sweet, San Antonio, TX (US);
Sarah Brooke Severson, San Antonio, TX (US);
Robert J. Schaffer, III, Middleton, WI (US);
Christopher P. Keene, Spring, TX (US);
United Services Automobile Association (USAA), San Antonio, TX (US);
Abstract
A method of providing a financial product includes providing a computer processor, determining, using the computer processor, a fluctuating interest rate using a sum of a securities-based interest rate and an additional interest rate, and generating, using the computer processor, a periodic payment product using the fluctuating interest rate, wherein the periodic payment product is characterized by a payment schedule. The method also includes generating, using the computer processor, a plurality of fluctuating periodic payments using the fluctuating interest rate and obtaining an indication to fix the fluctuating interest rate at a fixed interest rate. The method further includes thereafter, determining, using the computer processor, the fixed interest rate and generating a fixed periodic payment using the fixed interest rate.