Computer support for multi-jurisdictional investment

Abstract

Machine and related manufacturer controlling multi-jurisdictional investment; a computer system arranged to receive information and locate said information into a memory, the information including investment specifications and pricing data for the financial product, the computer system further including: an input device for receiving the information and converting the information into signals; a program control to compute, from said signals, for calculating respective valuations of parts of investment in respective jurisdictions and a program control to trigger printing documentation, including said valuations, to carry out the implementation of the parts in the respective jurisdictions. In variations thereof, such as optimizing, separating, valuation, and execution are supported.

1 . Apparatus for controlling multi-jurisdictional investment, the apparatus comprising; 
 a data processing means arranged for receiving information into a memory defining specifications for the financial product and pricing data for the financial product the data processing means further comprising:    calculating means, responsive to jurisdictional data, for calculating respective valuations of parts of the financial product in respective jurisdictions in an implementation of the financial product; and    generating means for generating documentation for initial placement of the parts and to carry out implementation of the parts of the financial product.    
   
   
       2 . The apparatus of  claim 1 , further including: 
 accounting means for producing an accounting of a first party buying the financial product from a second party; and    accounting means for producing an accounting of the first party carrying out the implementation using the parts of the financial product in the respective jurisdictions in respective financial transactions with respective other parties.    
   
   
       3 . The apparatus of  claim 1 , further including means for receiving respective characteristics of risks associated with contractual exposures from corporate-owned life insurance coverage of individuals.  
   
   
       4 . The apparatus of  claim 3 , further including: 
 underwriting means for underwriting said contractual exposures; and pricing means for formulating pricing of the financial product based on associated risk    
   
   
       5 . The apparatus of  claim 3 , further including: 
 optimizing means for optimizing product design and pay-outs.    
   
   
       6 . The apparatus of  claim 1 , wherein the data processing means is adapted to receive information into the memory defining specifications for an annuity as the financial product.  
   
   
       7 . The apparatus of  claim 1 , wherein the data processing means is adapted to receive information into the memory defining specifications for insurance as the financial product.  
   
   
       8 . The apparatus of  claim 1 , wherein the data processing means is adapted to receive information into the memory defining specifications for a non-insurance product as the financial product.  
   
   
       9 . The apparatus of  claim 3 , further including calculating means for calculating valuations of the parts for respective initial placements for the implementation.  
   
   
       10 . The apparatus of  claim 3 , further including calculating means for calculating periodic valuations of the parts after initial placements for the implementation.  
   
   
       11 . The apparatus of  claim 3 , further including calculating means for calculating respective valuations for the parts upon occurrence of a contingent event.  
   
   
       12 . The apparatus of  claim 3 , further including tracking means for tracking said respective valuations of the parts after initial placements for the implementation.  
   
   
       13 . The apparatus of  claim 3 , further including tracking means for tracking said respective said parts, balance sheet activity, and profit and loss statements.  
   
   
       14 . The apparatus of  claim 3 , further including tracking means for tracking consolidated balance sheet activity and consolidated profit and loss statements.  
   
   
       15 . The apparatus of  claim 1 , further including generating means for generating historical records respectively for said parts.  
   
   
       16 . The apparatus of  claim 1 , further including generating means for generating historical records for said parts respectively including valuations, balance sheet activity, and profit and loss statements, and historical records including consolidated balance sheet activity and consolidated profit and loss statements.  
   
   
       17 . The apparatus of  claim 1 , wherein the generating means is adapted to: generate standardized documentation and enable customization of said standardized documentation for individual transactions.  
   
   
       18 . The apparatus of  claim 1 , wherein the generating means is adapted to generate an illustration of the financial product.  
   
   
       19 . The apparatus of  claim 1 , wherein the generating means is adapted to generate an illustration of at least one of the parts of the financial product.  
   
   
       20 . The apparatus of  claim 1 , wherein the generating means is adapted to generate a contract for the financial product.  
   
   
       21 . The apparatus of  claim 1 , wherein the specifications are provided as input into the data processor memory by means of data standards for said specifications, the standards set by at least one data template.  
   
   
       22 . The apparatus of  claim 1 , wherein the data template is formed by data template means for prompting input of respective characteristics of risks associated with contractual exposures for insurance products.  
   
   
       23 . The apparatus of  claim 1 , further including: 
 electronic communication means for electronically communicating to said parties encrypted billing and transfers, including electronic transfers.    
   
   
       24 . The apparatus of  claim 23 , wherein said electronic communication means communicates over an Internet network.  
   
   
       25 . The apparatus of  claim 1 , further including selecting means for selecting one of said jurisdictions.  
   
   
       26 . A computer program product having computer code stored thereon, which when run on a computer causes the computer to perform the steps of: 
 receiving information into a memory defining specifications for the financial product and pricing data for the financial product;    the data processing means further comprising:    calculating means, responsive to jurisdictional data, for calculating respective valuations of parts of the financial product in respective jurisdictions in an implementation of the financial product;    generating means for generating documentation for initial placement of the parts and to carry out implementation of the said parts of the financial product.    
   
   
       27 . The apparatus of  claim 3 , further including: selection means for selecting a jurisdiction where at least a portion of loan interest is an expense deduction; and 
 implementation means for carrying out loan collateralizations with respective insurance policy values.    
   
   
       28 . The apparatus of  claim 3 , further including: 
 selection means for selecting a jurisdiction where at least a portion of loan interest is an expense deduction; and    implementation means for carrying out exercise of policy loan provisions.    
   
   
       29 . The apparatus of  claim 3 , further including: 
 selection means for selecting a jurisdiction where at least a portion of contingent benefits are tax deferred; and    implementation means for carrying out capitalization, by a contribution of at least respective portions of insurance policies.    
   
   
       30 . The apparatus of  claim 3 , further including: 
 selection means for selecting a jurisdiction where at least a portion of contingent benefits are not taxed; and    implementation means for carrying out capitalization, of a related or non-related party, by a contribution of at least respective portions of insurance policies.    
   
   
       31 . The apparatus of  claim 3 , further including: 
 selection means for:    selecting a jurisdiction where at least a portion of loan interest is an expense deduction; and    selecting a jurisdiction where at least a portion of contingent benefits are taxed at a rate lower than the tax rate in the jurisdiction where loan interest is deductible; and    implementation means for carrying out capitalization, of a related or non-related party, by a contribution of at least respective portions of insurance policies.    
   
   
       32 . The apparatus of  claim 3 , further including: 
 selection means for:    selecting a jurisdiction where there is minimum regulatory requirement for issuing financial products;    selecting a jurisdiction where there is minimum regulatory capital requirement for said financial product;    selecting a jurisdiction where at least a portion of loan interest is an expense deduction;    selecting a financial product where at least a portion of financial product value build up is tax deferred;    selecting a jurisdiction where at least a portion of contingent benefits are taxed at a rate lower than the tax rate in the jurisdiction where loan interest is deductible; and    implementation means for:    carrying out loan collateralizations with respective insurance policy values; and    carrying out capitalization, of a related or non-related party, by a contribution of at least respective portions of insurance policies.    
   
   
       33 . The apparatus of  claim 3 , further including: 
 selection means for:    selecting a jurisdiction where there is minimum regulatory requirement for issuing financial products;    selecting a jurisdiction where there is minimum regulatory capital requirement for said financial product;    selecting a jurisdiction where at least a portion of loan interest is an expense deduction;    selecting a financial product where at least a portion of financial product value build up is tax deferred;    selecting a jurisdiction where at least a portion of contingent benefits are taxed at a rate lower than the tax rate in the jurisdiction where loan interest is deductible; and    implementation means for:    carrying out exercise of policy loan provisions; and    carrying out capitalization, of a related or non-related party, by a contribution of at least respective portions of insurance policies.    
   
   
       34 . Apparatus for controlling a multi-jurisdictional investment illustration, the apparatus comprising; 
 a data processing means arranged for receive information into a memory defining specifications for the financial product and pricing data for the financial product, the data processing means further comprising:    calculating means, responsive to jurisdictional data, for calculating respective valuations of parts of the financial product in respective jurisdictions in an implementation of the financial product; and    generating means for illustrating the financial product separated into parts placed in respective jurisdictions.    
   
   
       35 . Apparatus for controlling multi-jurisdictional investment parts, the apparatus including: 
 a computer system arranged to receive information and locate said information into a memory, the information including investment specifications and pricing data for the financial product, the computer system further including:    means for receiving the information and converting the information into signals;    program control means for calculating, from said signals, respective valuations of parts of investment in respective jurisdictions; and    program control means for triggering printing documentation, including said valuations, to carry out the implementation of the parts in the respective jurisdictions.    
   
   
       36 . The apparatus of  claim 35 , further including means for optimizing separation of the parts from said investment.  
   
   
       37 . Apparatus for controlling placement of some but not all of a financial product in a jurisdiction, the apparatus including: 
 a data processing means arranged to receive information into a memory defining instructions for an initial placement of some, but not all of the financial product in the jurisdiction, and to receive calculated values, the data processing means further comprising:    generating means, responsive to the received calculated values, for producing documentation for carrying out the initial placement of said some but not all of the financial product.    
   
   
       38 . A computer-readable media tangibly embodying a program of instructions executable by a computer to perform the step of initiating an initial placement of the parts of a financial product in respective jurisdictions using data standardized for input by at least one computer-generated template and for output by standardized documentation obtained from computer-accessible memory.  
   
   
       39 . A computer-readable media tangibly embodying a program of instructions executable by a computer to perform the steps of: 
 separating a financial product into parts in respective jurisdictions;    calculating, responsive to input jurisdictional data, respective valuations of the parts; and    signaling for placement of the parts including the valuations in the respective jurisdictions.    
   
   
       40 . The media of  claim 38 , further including the steps of: 
 loading accounting data for transaction openings and closings of the respective parts;    storing historical results for the parts in the respective jurisdictions; and    storing consolidated results for the financial product.    
   
   
       41 . The media of any one of claims  38 - 40  wherein the media comprises at least one of a RAM, a ROM, a disk, an ASIC, and a PROM.  
   
   
       42 . Apparatus for managing one of a plurality of multi-jurisdictional investment parts, the apparatus including: 
 a computer system arranged to receive information and locate said information into a memory, the information including investment specifications and pricing data for the one part, the computer system further including:    program control means for periodically calculating a price of the part, including a benefit value, using said specifications and pricing data, to produce historical records; and    program control means for tracking the part by using the historical records.    
   
   
       43 . An electronic transmission apparatus for handling communications to implement a part of a financial product in a multi-jurisdictional investment, the apparatus including: 
 program control means for calculating benefit values attributable to the part being placed in a jurisdiction different from another part of the financial product;    program control means for generating accounting for the part;    program control means for generating documentation for the part; and    electronic transmission means for communicating at least one of said benefit values, said accounting, and said documentation over an Internet network addressed to another computer.    
   
   
       44 . An electronic transmission apparatus for handling communications to implement a part of a financial product in a multi-jurisdictional investment, the apparatus including: 
 program control means for calculating benefit values attributable to the part being placed in a jurisdiction different from another part of the financial product;    program control means for generating accounting for the part;    program control means for generating documentation for the part; and    electronic transmission means for communicating at least two of said benefit values, said accounting, and said documentation over an Internet network addressed to another computer.    
   
   
       45 . The electronic transmission apparatus of any one of claims  38 - 39  further including means for initiating an initial placement of the part of the financial product.  
   
   
       46 . Apparatus for executing one of a plurality of multi-jurisdictional investment parts, the apparatus including: 
 a computer system arranged to receive information and locate said information into a memory, the information including instructions for initiating an initial placement of the part, but not all, of the financial product in a jurisdiction;    program control means for generating accounting for the part; and    program control means for generating documentation for the part.    
   
   
       47 . Apparatus for carrying out an implementation of a multi-jurisdictional investment wherein part but not all is located in a jurisdiction, the apparatus including: 
 a computer system arranged to receive information and locate said information into a memory, the information including instructions for the part, including at least one of benefit values attributable to the part being placed in the jurisdiction and accounting for the part;    and program control means, responsive to the received information, for generating documentation for the part.    
   
   
       48 . Apparatus for controlling multi-jurisdictional investment parts, the apparatus including: 
 a computer system arranged to receive information and locate said information into a memory, the information including investment specifications and pricing data for the financial product, the computer system further including:    an input device for receiving the information and converting the information into signals;    a program control to compute, from said signals, for calculating respective valuations of parts of investment in respective jurisdictions; and    a program control to trigger printing documentation, including said valuations, to carry out the implementation of the parts in the respective jurisdictions.