BERNARD GELMAN
Accountancy in Philadelphia, PA
License number
Pennsylvania CA006868R
Category
Accountancy
Type
Certified Public Accountant
Address
Address
Philadelphia, PA 19106
Professional information
Risk Reduction System
US Patent:
6647375, Nov 11, 2003
Filed:
Dec 14, 1999
Appl. No.:
09/460601
Inventors:
Bernard Gelman - Philadelphia PA
James Joseph Broussard - Drexel Hill PA
James Joseph Broussard - Drexel Hill PA
Assignee:
Dynamic Risk Assumption, Inc. - Philadelphia PA
International Classification:
G06F 1760
US Classification:
705 38, 705 37
Abstract:
A method for reducing risk including the steps of holding by a seller a liability having a future value S and determining the present value P of the liability in accordance with the future value S. The method also calls for buying the liability by a buyer entity for a value P greater than the present value P , thereby providing a first net gain holding the liability by the buyer entity for a period of time and discharging the liability at the end of the period of time for a value S that is less than the future value S thereby providing a second net gain. The present value P is determined according to the present value P and according to a time t years prior to the time at which the value of the liability reaches S. The present value P is determined according to the value S and the future value S is known at the time of the determining of the present value P. The first net gain is a net gain for the seller and the second net gain is a net gain for the buyer entity.
Lease Termination Method
US Patent:
6735573, May 11, 2004
Filed:
Jun 8, 2000
Appl. No.:
09/589701
Inventors:
Bernard Gelman - Philadelphia PA
James Joseph Broussard - Drexel Hill PA
James Joseph Broussard - Drexel Hill PA
Assignee:
Dynamic Risk Assumption, Inc. - Philadelphia PA
International Classification:
G06F 1760
US Classification:
705 30, 705 4, 705 31, 705 40
Abstract:
A method for derecognizing the commitment of a lessor in an operating lease having a lease liability including the steps of holding by a lessee an operating lease wherein the operating lease has a future value S and determining the present value P of the operating lease in accordance with the future value S. The method also calls for buying the operating lease by a buyer entity for a value P greater than the present value P , thereby providing a first net gain and holding the lease liability by the buyer entity for a period of time and discharging a lease liability of the operating lease at the end of the period of time for a value S that is less than a future value S thereby determining a second net gain. The present value P is determined according to the present value P and according to a time t years prior to the time at which the value of the lease liability reaches S. The present value P is determined according to the value S and the future value S is known at the time of the determining of the present value P.
Risk Reduction System
US Patent:
2004022, Nov 11, 2004
Filed:
Apr 20, 2004
Appl. No.:
10/827728
Inventors:
Bernard Gelman - Philadelphia PA, US
James Broussard - Drexel Hill PA, US
James Broussard - Drexel Hill PA, US
International Classification:
G06F017/60
US Classification:
705/004000
Abstract:
A method for reducing risk including the steps of holding by a seller a liability having a future value Sand determining the present value Pof the liability in accordance with the future value S. The method also calls for buying the liability by a buyer entity for a value Pgreater than the present value P, thereby providing a first net gain holding the liability by the buyer entity for a period of time and discharging the liability at the end of the period of time for a value Sthat is less than the future value Sthereby providing a second net gain. The present value Pis determined according to the present value Pand according to a time t years prior to the time at which the value of the liability reaches SThe present value Pis determined according to the value Sand the future value Sis known at the time of the determining of the present value P. The first net gain is a net gain for the seller and the second net gain is a net gain for the buyer entity. The liability is recorded as a long term debt by the seller.
Lease Termination Method
US Patent:
2004022, Nov 11, 2004
Filed:
Jun 14, 2004
Appl. No.:
10/867241
Inventors:
Bernard Gelman - Philadelphia PA, US
James Broussard - Drexel Hill PA, US
James Broussard - Drexel Hill PA, US
International Classification:
G06F017/60
US Classification:
705/030000, 705/040000
Abstract:
A method for derecognizing the commitment of a lessee in an operating lease includes holding by a lessee a recognized operating lease wherein the recognized operating lease has an obligation to a lessor, including an obligation to make a rental payment and a fixed future value Sand determining the present value Pof the recognized operating lease in accordance with the fixed future value S. The recognized operating lease is bought from the lessee by a buyer entity for a present value Pgreater than the present value Pwherein the lessee releases the obligation to make the rental payment thereby providing a first net gain to the lessee whereby the recognized operating lease is derecognized to provide a derecognized operating lease. Holding the derecognized operating lease and storing information regarding the derecognized operating lease in a computer by the buyer entity for a period of time are also required.