COMPUTER SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR MANAGING FUNDING OF CATASTROPHE RELIEF EFFORTS

摘要

For managing funding of catastrophe relief efforts, defined is a special purpose entity (1') which offers a financial product linked to a charitable organization (3). A monetary donation is made (S1) to the charitable organization (3) for paying a premium assigned to the financial product. Capital payments are received (S4) from one or more investors (4) for the financial product. The premium is paid by the special purpose entity (1') to the investors (4) as a coupon (S10). Upon occurrence of a catastrophic event assigned to the financial product, the capital is paid (S8) from the special purpose entity (1') to the charitable organization (3), for funding relief efforts for the catastrophic event. Otherwise, the capital is repaid (S11) from the special purpose entity (1') to the investors (4). Charities (3) and donors (2) can prepare a country for natural and man-made disasters by putting in place funding before a catastrophic event actually occurs.