Patent US6026381A successfully refreshed from Google Patents.
US6026381A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Financial market classification system
Assignee: ITX Corp
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Filing: 1996-11-05
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Granted: 2000-02-15
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Expires: 2016-11-05
Abstract
Abstract A system for classifying investment products into a set of hierarchical buckets based on existing CUSIP numbers and other prospectus information is disclosed herein. A bucket is an investment product classification that uniquely and consistently identifies an investment product type. In the preferred embodiment, there are buckets to classify individual securities and mutual funds into product, asset and fund types. Each bucket is a unique combination of product, asset or fund codes. Unique combinations of the actual codes define a particular bucket. Thus, the present invention provides a standard classification system into which all investment products can be categorized and grouped. Three sets of hierarchical investment buckets are created to provide a standard set of both general and detailed investment buckets. Each set of buckets is directed to a specific classification purpose: a set of product buckets, a set of asset buckets, and a set of fund buckets. The present invention uses CUSIP numbers as the keys for aggregating securities into a standard set of product buckets, asset buckets and fund buckets. The present invention uses the standard product buckets, asset buckets and fund buckets to classify investment positions.
Inventors
- 👤 Samuel G. Barton, III
- 👤 Madelyn E. Martin
- 👤 Arthur T. Rodbell
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-04 04:36
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/06; G06F; G06F16/00; G06F16/30; G06F16/35; Y; Y10; Y10S; Y10S707/00; Y10S707/99941; Y10S707/99944; Y10S707/99945; Y10S707/99948
Claims Analysis
Total Claims: 11
Claim 1
Independent Claim
97 words
A method of classifying investment related data comprising the steps of: generating a CUSIP classification file from a CUSIP data file comprising a plurality of CUSIP numbers, by assigning each of said CUSIP numbers to one of a plurality of security classifications; and generating a recoded position database by mapping a position database to said CUSIP classification file, based on CUSIP number, wherein said position database includes a plurality of investment positions, wherein each of said investment positions comprises position information comprising a CUSIP number, information describing the holder of said investment position and investment related data.
Claim 2
Independent Claim
97 words
A method of classifying investment related data comprising the steps of: generating a CUSIP classification file from a CUSIP data file comprising a plurality of CUSIP numbers, by assigning each of said CUSIP numbers to one of a plurality of security classifications; and generating a recoded position database by mapping a position database to said CUSIP classification file, based on CUSIP number, wherein said position database includes a plurality of investment positions, wherein each of said investment positions comprises position information comprising a CUSIP number, information describing the holder of said investment position and investment related data.
Claim 3
Dependent Claim
23 words
The method of claim 1, further comprising the step of preprocessing said position database to identify the unique combinations of said position information.
Claim 4
Dependent Claim
19 words
The method of claim 1, wherein said CUSIP data file is an external file provided by a third-party vendor.
Claim 5
Dependent Claim
23 words
The method of claim 1, further comprising the step of summarizing said recoded position database by identifying non-unique combinations of said position information.
Claim 6
Dependent Claim
47 words
The method of claim 1, wherein said recoded position database comprises a plurality of records and further comprising the step of compressing said recoded position database by summarizing said plurality of records within said recoded position database into single records based on unique combinations of position information.
Claim 7
Dependent Claim
38 words
The method of claim 1, further comprising the step of aggregating a plurality of said recoded position databases to generate an aggregate position database, wherein said recoded position databases are associated with a plurality of different financial institutions.
Claim 8
Dependent Claim
24 words
The method of claim 6, further comprising the step of analyzing each of said recoded position databases with respect to said aggregate position database.
Claim 9
Independent Claim
122 words
A method for analyzing data from a plurality of financial institutions comprising the steps of: generating a plurality of recoded position databases, wherein each of said recoded position databases is generated by mapping a position database based on CUSIP number to a CUSIP classification file, wherein said position database includes a plurality of investment positions, wherein each of said of investment positions comprises position information comprising a CUSIP number, information describing the holder of said investment position and investment related data, wherein said recoded position databases are associated with a plurality of financial institutions; aggregating said plurality of recoded position databases to generate an aggregate position database; and analyzing each of said recoded position databases with respect to said aggregate position database.
Claim 10
Independent Claim
122 words
A method for analyzing data from a plurality of financial institutions comprising the steps of: generating a plurality of recoded position databases, wherein each of said recoded position databases is generated by mapping a position database based on CUSIP number to a CUSIP classification file, wherein said position database includes a plurality of investment positions, wherein each of said of investment positions comprises position information comprising a CUSIP number, information describing the holder of said investment position and investment related data, wherein said recoded position databases are associated with a plurality of financial institutions; aggregating said plurality of recoded position databases to generate an aggregate position database; and analyzing each of said recoded position databases with respect to said aggregate position database.
Claim 11
Dependent Claim
41 words
The method of claim 8, further comprising the step of generating said CUSIP classification file from a CUSIP data file comprising a plurality of CUSIP numbers by assigning each of said CUSIP numbers to one of a plurality of security classifications.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-02-14 | 2003-08-16 | 2004-02-15 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-02-14 | 2007-08-16 | 2008-02-15 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-02-14 | 2011-08-16 | 2012-02-15 | $7700.00 | Window Closed / Lapsed |