Investment grade collateralized variable rate demand notes and computer-based reporting related thereto

摘要

A computer implemented financial instrument and method of financing is disclosed that includes offering a financial instrument for the purpose of attracting investment; placing the proceeds from the financial instrument on deposit in a reserve account in such manner so as to ensure the bankruptcy remote status of such proceeds from an entity administering the operation of the proceeds of the financial instrument; subsequently issuing an equal value letter of credit to secure the payment of a principal portion of the financial instrument; issuing a second letter of credit to secure interest due on the financial instruments; subsequently managing and implementing the proceeds of the sale of the financial instrument in a manner consistent with a generic investment criteria established related to that certain offering. A wide area network implementation of the reporting methodology for investment, performance, and user data pertaining to the financial instrument of the present invention is further described.