Invention Grant
- Patent Title: System and method for providing a financial instrument with a periodic step-up feature
- Patent Title (中): 为金融工具提供定期升压功能的系统和方法
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Application No.: US11671679Application Date: 2007-02-06
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Publication No.: US08396774B2Publication Date: 2013-03-12
- Inventor: Jacob M. Herschler , Daniel O. Kane , N. David Kuperstock , Robert Francis O'Donnell , Steven Lee Putterman , Dain Eric Runestad , Robert J. Schwartz , Nicholas Berardis, Jr. , John L. Grucza , Michael Albert Guido , J. Scott Dunn
- Applicant: Jacob M. Herschler , Daniel O. Kane , N. David Kuperstock , Robert Francis O'Donnell , Steven Lee Putterman , Dain Eric Runestad , Robert J. Schwartz , Nicholas Berardis, Jr. , John L. Grucza , Michael Albert Guido , J. Scott Dunn
- Applicant Address: US NJ Newark
- Assignee: The Prudential Insurance Company of America
- Current Assignee: The Prudential Insurance Company of America
- Current Assignee Address: US NJ Newark
- Agency: Baker Botts L.L.P.
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account and on a first periodic basis: determining a specified percentage of the value of the financial account, determine the greater of a particular limit and the highest value of the financial account multiplied by the specified percentage on a second periodic basis, and in response to a determination that the highest value of the financial account multiplied by the specified percentage on the second periodic basis is greater than the particular limit, stepping-up the particular limit to equal the highest value of the financial account multiplied by the specified percentage on the second periodic basis.
Public/Granted literature
- US20080189220A1 SYSTEM AND METHOD FOR PROVIDING A FINANCIAL INSTRUMENT WITH A PERIODIC STEP-UP FEATURE Public/Granted day:2008-08-07
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