WO2004034196A3 - Systems and methods for securitizing a commodity - Google Patents

Systems and methods for securitizing a commodity Download PDF

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Publication number
WO2004034196A3
WO2004034196A3 PCT/US2003/031633 US0331633W WO2004034196A3 WO 2004034196 A3 WO2004034196 A3 WO 2004034196A3 US 0331633 W US0331633 W US 0331633W WO 2004034196 A3 WO2004034196 A3 WO 2004034196A3
Authority
WO
WIPO (PCT)
Prior art keywords
commodity
trustee
securitizing
systems
methods
Prior art date
Application number
PCT/US2003/031633
Other languages
French (fr)
Other versions
WO2004034196A2 (en
Inventor
Jonathan S Spirgel
Laura S Melman
Original Assignee
Bank Of New York
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Bank Of New York filed Critical Bank Of New York
Priority to AU2003284012A priority Critical patent/AU2003284012A1/en
Publication of WO2004034196A2 publication Critical patent/WO2004034196A2/en
Publication of WO2004034196A3 publication Critical patent/WO2004034196A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof

Abstract

A commodity trust (200) is provided by a Trustee for a particular commodity (Figure 2). Commodity shares are backed by the Trustee's custody of the actual commodity. For example, commodity shares are created and issued when a trust participant (204) deposits an amount of the commodity with the Trustee (202) or a custodian (206) acting on behalf of the Trustee. After confirmation of the receipt of the commodity, an amount of commodity shares is issued by the Trustee, which is equal in value to the value of the commodity.
PCT/US2003/031633 2002-10-04 2003-10-06 Systems and methods for securitizing a commodity WO2004034196A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2003284012A AU2003284012A1 (en) 2002-10-04 2003-10-06 Systems and methods for securitizing a commodity

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US41576402P 2002-10-04 2002-10-04
US60/415,764 2002-10-04

Publications (2)

Publication Number Publication Date
WO2004034196A2 WO2004034196A2 (en) 2004-04-22
WO2004034196A3 true WO2004034196A3 (en) 2005-04-21

Family

ID=32093783

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/031633 WO2004034196A2 (en) 2002-10-04 2003-10-06 Systems and methods for securitizing a commodity

Country Status (4)

Country Link
US (6) US8234190B2 (en)
AU (1) AU2003284012A1 (en)
WO (1) WO2004034196A2 (en)
ZA (1) ZA200502915B (en)

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Also Published As

Publication number Publication date
ZA200502915B (en) 2006-07-26
US8326720B2 (en) 2012-12-04
AU2003284012A8 (en) 2004-05-04
US8234190B2 (en) 2012-07-31
US20050044022A1 (en) 2005-02-24
US20120011049A1 (en) 2012-01-12
WO2004034196A2 (en) 2004-04-22
US8595109B2 (en) 2013-11-26
AU2003284012A1 (en) 2004-05-04
US20210398214A1 (en) 2021-12-23
US20210217087A1 (en) 2021-07-15
US20140052602A1 (en) 2014-02-20
US20130080311A1 (en) 2013-03-28

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