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Pre-Grant Publication Number: 20080221945

Ecosystem allowing compliance with prescribed requirements or objectives

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#30515 U.S. Code, Chapter 2A, Subchapter I, Sec. 77b(a)(15)

Applies to Claims 1,12,13,14,2,23,3,5,6,7,9

Submitted by: Mark WebbinkLast updated: about 3 years ago

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Claims

An apparatus, comprising:(a) a processor;

(b) a storage device in communication with the processor;

(c) means for determining whether an entity meets at least one eligibility prerequisite for an ecosystem, thereby being eligible to participate in the ecosystem;

(d) means for determining whether an entity is willing to agree to at least one ecosystem rule, thereby being qualified to participate in the ecosystem;

(e) means for processing data regarding executing a contract in which the entity agrees to adhere to the at least one ecosystem rule, thereby allowing the entity to participate in the ecosystem; and

(f) means for processing data regarding entering into at least one designated ecosystem transaction by the entity.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

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The apparatus of Claim 1, further comprising:(g) means for determining whether the entity agrees to adhere to at least one designation prerequisite and is within a limitation criterion; and

(h) means for processing data regarding granting the entity designated status, thereby permitting the entity to engage in the at least one designated ecosystem transaction.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

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The apparatus of Claim 2, wherein the at least one designation prerequisite comprises one or more issuer-specific criteria and the limitation criterion is a number of holders of record.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

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An apparatus, comprising:(a) a processor;

(b) a storage device in communication with the processor and storing instructions adapted to be executed by the processor to:(i) identify at least one eligibility prerequisite that governs whether an entity is eligible to participate in an ecosystem;

(ii) determine whether the entity meets the at least one eligibility prerequisite, thereby being eligible to participate in the ecosystem;

(iii) identify at least one ecosystem rule that governs whether an entity is qualified to participate in the ecosystem;

(iv) determine whether the entity is willing to agree to the at least one ecosystem rule, thereby being qualified to participate in the ecosystem;

(v) when the entity is eligible and qualified, process data regarding executing a contract in which the entity agrees to adhere to the at least one ecosystem rule, thereby allowing the entity to participate in the ecosystem; and

(vi) process data regarding entering into at least one designated ecosystem transaction by the entity.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

All

A computer-implemented method for establishing and operating an ecosystem, comprising:(a) identifying at least one eligibility prerequisite that governs whether an entity is eligible to participate in the ecosystem;

(b) determining whether the entity meets the at least one eligibility prerequisite, thereby being eligible to participate in the ecosystem;

(d) determining whether the entity is willing to agree to the at least one ecosystem rule, thereby being qualified to participate in the ecosystem;

(e) when the entity is eligible and qualified, executing a contract in which the entity agrees to adhere to the at least one ecosystem rule, thereby allowing the entity to participate in the ecosystem; and

(f) entering into at least one designated ecosystem transaction by the entity.

Relevance

Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

All

The method of Claim 6, wherein the at least one eligibility prerequisite comprises Qualified Institutional Buyer status for entities transacting in securities.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

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The method of Claim 6, further comprising:(g) identifying at least one designation prerequisite and a limitation criterion that govern whether the entity is permitted to engage in the at least one designated ecosystem transaction;

(h) determining whether the entity meets the at least one designation prerequisite and the limitation criterion, thereby being permitted to engage in the at least one designated ecosystem transaction; and

(i) when the entity is so permitted, granting the entity designated status, thereby allowing the entity to engage in the at least one designated ecosystem transaction.

Relevance

Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

All

A computer-implemented method for establishing and operating an ecosystem, comprising:(a) identifying at least one first prerequisite that governs whether an entity is eligible to participate in the ecosystem;

(b) determining whether the entity meets the at least one first prerequisite, thereby being eligible to participate in the ecosystem;

(c) identifying at least one second prerequisite that governs whether an entity is qualified to participate in the ecosystem;

(d) determining whether the entity meets the at least one second prerequisite, thereby being qualified to participate in the ecosystem;

(e) when the entity is eligible and qualified, executing a contract in which the entity agrees to adhere to the at least one second prerequisite, thereby allowing the entity to participate in the ecosystem;

(f) identifying at least one third prerequisite that governs whether the entity is permitted to engage in one or more designated ecosystem transactions;

(g) determining whether the entity meets the at least one third prerequisite, thereby permitting the entity to engage in designated ecosystem transactions;

(h) when the entity is so permitted, granting the entity designated status, thereby allowing the entity to engage in designated ecosystem transactions; and

(i) entering into one or more designated ecosystem transactions by the entity.

Relevance

Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

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The method of Claim 12, wherein the at least one first prerequisite comprises an investor status.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

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The method of Claim 13, wherein the investor status is Qualified Institutional Buyer.

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Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

All

The computer-based method of Claim 22, wherein the at least one eligibility prerequisite comprises Qualified Institutional Buyer status.

Relevance

Claims seek to simply automate requirements already set for under U.S. securities laws using standard database techniques.

Claim Chart

All

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Type of Prior Art	Print Publication

Publication Title *	U.S. Code

Author

ISBN

Page Range

Medium	Book excerpt

Publication Date *	November 3, 1998

URL	http://www.law.cornell.edu/usco...

Summary / Description	This section of the U.S. Code defines the criteria used to determine who is an "accredited investor."

Notes