System and method for establishing an exchange traded fund

System and method for establishing an exchange traded fund

A system for the sale of shares of an exchange traded fund comprising: establishing a subscription period wherein assets are accumulated for purchase underlying securities of the exchange traded fund and for payment of a selling commission to one or more selling firms; following the subscription per...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: BOND H. B
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 the sale of shares of an exchange traded fund comprising: establishing a subscription period wherein assets are accumulated for purchase underlying securities of the exchange traded fund and for payment of a selling commission to one or more selling firms; following the subscription period, paying the selling commission to the one or more selling firms and using the remaining assets to purchase underlying securities; dividing the purchase of the underlying securities into shares of the fund; and commencing listing of shares of the fund.