System for and method of deriving funds for a financial vehicle

System for and method of deriving funds for a financial vehicle

A system for deriving funds for a financial vehicle such as an investment fund on behalf of a customer comprises means for inputting data on financial transactions to a customer account. The processor running the account increases the value of each transaction as to an amount related to the amount o...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: O'RIORDAN JOHN B, O'RIORDAN ROBERT P.B, O'RIORDAN DAN
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system for deriving funds for a financial vehicle such as an investment fund on behalf of a customer comprises means for inputting data on financial transactions to a customer account. The processor running the account increases the value of each transaction as to an amount related to the amount of the transaction by rounding it up to the nearest pre-set currency unit value and adds the increase in the amount to a notional accrual account. At the end of an accounting period the entries in the accrual log are totalled, debited to the money transmission account and transferred to the financial vehicle on behalf of the customer automatically.