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WO1999009500A3 - Method and data system for determining financial instruments for use in the funding of a loan - Google Patents

Method and data system for determining financial instruments for use in the funding of a loan Download PDF

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Publication number
WO1999009500A3
WO1999009500A3 PCT/DK1998/000339 DK9800339W WO9909500A3 WO 1999009500 A3 WO1999009500 A3 WO 1999009500A3 DK 9800339 W DK9800339 W DK 9800339W WO 9909500 A3 WO9909500 A3 WO 9909500A3
Authority
WO
WIPO (PCT)
Prior art keywords
loan
maturity
term
repayments
payments
Prior art date
Application number
PCT/DK1998/000339
Other languages
Danish (da)
French (fr)
Other versions
WO1999009500A2 (en
Inventor
Klaus Kristiansen
Borger Borgersen
Bjarne Graven Larsen
Mads Rosenkrans
Thomas Lindahl
Stig Toernes-Hansen
Bo Godthjaelp Petersen
Original Assignee
Realkredit Danmark As
Klaus Kristiansen
Borger Borgersen
Bjarne Graven Larsen
Mads Rosenkrans
Thomas Lindahl
Toernes Hansen Stig
Bo Godthjaelp Petersen
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 Realkredit Danmark As, Klaus Kristiansen, Borger Borgersen, Bjarne Graven Larsen, Mads Rosenkrans, Thomas Lindahl, Toernes Hansen Stig, Bo Godthjaelp Petersen filed Critical Realkredit Danmark As
Priority to AU85343/98A priority Critical patent/AU8534398A/en
Priority to CA002297990A priority patent/CA2297990A1/en
Priority to EP98936273A priority patent/EP1002289A2/en
Publication of WO1999009500A2 publication Critical patent/WO1999009500A2/en
Publication of WO1999009500A3 publication Critical patent/WO1999009500A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; 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

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A method and a computer system for calculating the type, the number and the volume of financial instruments for financing a loan with equivalent proceeds to a debtor, the loan being a loan which has to be partially refinanced during the remaining term to maturity of the loan. The remaining term to maturity of the loan is determined at the beginning of each period such that during the entire term to maturity of the loan, the debtor's repayments are within a band defined by a set of upper and lower limits which may be set for each period, and such that the remaining term to maturity of the loan is also within a band defined by an upper limit and a lower limit. Furthermore, the payments on a special instrument, a repayment guarantee instrument, are determined, said repayment guarantee instrument being designed to ensure that given maximum limits for repayments and term to maturity are observed and supplementing the abovementioned financial instruments. Payments from the repayment guarantee instrument are made in those situations in which the maximum limits for repayments and term to maturity would otherwise have been exceeded. Similarly, payments to the repayment guarantee instrument are made in those situations in which repayments and term to maturity would otherwise have fallen below the minimum limits for repayments and term to maturity. The results of the calculations may be employed by a lender, e.g. a financing institution such as a mortgage credit institution, to ensure that such a loan is financed so that interest rate risks as well as imbalances in payment flows are avoided or minimized.
PCT/DK1998/000339 1997-08-01 1998-07-31 Method and data system for determining financial instruments for use in the funding of a loan WO1999009500A2 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
AU85343/98A AU8534398A (en) 1997-08-01 1998-07-31 Method and data system for determining financial instruments for use in funding of a loan
CA002297990A CA2297990A1 (en) 1997-08-01 1998-07-31 Method and data system for determining financial instruments for use in the funding of a loan
EP98936273A EP1002289A2 (en) 1997-08-01 1998-07-31 Method and data system for determining financial instruments for use in funding of a loan

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
DK0903/97 1997-08-01
DK90397 1997-08-01

Publications (2)

Publication Number Publication Date
WO1999009500A2 WO1999009500A2 (en) 1999-02-25
WO1999009500A3 true WO1999009500A3 (en) 1999-04-29

Family

ID=8098832

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/DK1998/000339 WO1999009500A2 (en) 1997-08-01 1998-07-31 Method and data system for determining financial instruments for use in the funding of a loan

Country Status (4)

Country Link
EP (1) EP1002289A2 (en)
AU (1) AU8534398A (en)
CA (1) CA2297990A1 (en)
WO (1) WO1999009500A2 (en)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7584134B2 (en) 2004-12-21 2009-09-01 Weather Risk Solutions, Llc Graphical user interface for financial activity concerning tropical weather events
US7584133B2 (en) 2004-12-21 2009-09-01 Weather Risk Solutions Llc Financial activity based on tropical weather events

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
AUPP962599A0 (en) 1999-04-07 1999-04-29 Liberty Financial Pty Ltd Application apparatus and method
US8805733B1 (en) 2010-09-30 2014-08-12 Allstate Insurance Company Single premium deferred annuity
WO2014085619A1 (en) * 2012-11-28 2014-06-05 Wallace Kristopher A System and method of managing risk in an investment fund

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1993012489A1 (en) * 1991-12-16 1993-06-24 The Harrison Company, Inc. Data processing technique for scoring bank customer relationships and awarding incentive rewards
WO1996018160A1 (en) * 1993-05-28 1996-06-13 Ian Kenneth Shepherd Methods and apparatus relating to the formulation and trading of risk management contracts
WO1996022576A1 (en) * 1995-01-18 1996-07-25 King Douglas L Method and apparatus of creating a financial instrument and administering an adjustable rate loan system

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1993012489A1 (en) * 1991-12-16 1993-06-24 The Harrison Company, Inc. Data processing technique for scoring bank customer relationships and awarding incentive rewards
WO1996018160A1 (en) * 1993-05-28 1996-06-13 Ian Kenneth Shepherd Methods and apparatus relating to the formulation and trading of risk management contracts
WO1996022576A1 (en) * 1995-01-18 1996-07-25 King Douglas L Method and apparatus of creating a financial instrument and administering an adjustable rate loan system

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
COMPUTERS & INDUSTRIAL ENGINEERING/AN INTERNATIONAL JOURNAL, Volume 11, 1986, OH K.H., "When is a Good Time to Refinance? Illustrating Income Property Cases on the Computer", pages 114-118. *

Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7584134B2 (en) 2004-12-21 2009-09-01 Weather Risk Solutions, Llc Graphical user interface for financial activity concerning tropical weather events
US7584133B2 (en) 2004-12-21 2009-09-01 Weather Risk Solutions Llc Financial activity based on tropical weather events
US7593883B2 (en) 2004-12-21 2009-09-22 Weather Risk Solutions, Llc Financial activity based on tropical weather events

Also Published As

Publication number Publication date
WO1999009500A2 (en) 1999-02-25
CA2297990A1 (en) 1999-02-25
EP1002289A2 (en) 2000-05-24
AU8534398A (en) 1999-03-08

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