Patent 7970675 was granted and assigned to BANK OF AMERICA CORPORATION on June, 2011 by the United States Patent and Trademark Office.
A computer system for managing, creating, and support of a novel investment instrument, known as a Security Receipt. This receipt provides translation of ownership of plural underlying securities to the holder of the receipt in a seamless and efficient way. The system permits enhanced security creation, and orderly support to facilitate liquidity and market trading of the Security Receipt.