JOSHUA SIEGEL
Professional Planners in New York, NY

2006009, May 4, 2006

Jun 24, 2005

11/165687

Matthew Mayers - Armonk NY, US
David Rosenwaks - New York NY, US
Joshua Siegel - New York NY, US

G06Q 40/00

705035000, 705042000

A financial securitization transaction, such as a collateralized debt obligation (CDO) transaction, that (i) is at least partially collateralized by a plurality of net lease assets where the tenants to the leases are financial institutions generally with assets of less than $10 billion, and (ii) where such securitization may not be fully collateralized by such net lease assets, in which case the remainder of the collateral for such securitization may consist predominantly of obligations (including trust preferred securities, debt and/or surplus notes) of financial institutions, and/or traunches of CDOs backed predominantly by such obligations. By restricting the assets to net lease assets in which the tenants are financial institutions and restricting the remaining assets to predominately obligations of financial institutions or tranches of CDOs backed by such obligations, more favorable ratings are obtainable from the ratings agencies for the securities backed by the net lease assets. In accordance with an important aspect of the present invention, the ratings of the debt securities of the securitization rely on the aggregate pooled credit quality of the multiple financial institutions backing the various net lease assets and the geographic diversity of such financial institutions, instead of on the explicit investment ratings of any one of the individual obligors in the pool. In accordance with another important aspect of the present invention, as opposed to the typical 5%-10% recovery rate assumed for traditional financial institution collateral used in pooled financial institution obligation CDO transactions, the net lease assets are collateralized by property, which translates into a materially higher assumed recovery rate, for example, in excess of 40%. Through the mechanism of the balloon payment provider (which is also an important aspect of the present invention), the net lease assets do not require residual value insurance and the need for equity capital is significantly reduced or even eliminated.

2013005, Feb 28, 2013

Aug 30, 2011

13/221032

Erik Minor - Caldwell NJ, US
Joshua S. Siegel - New York NY, US

G06Q 40/00

705 30, 705 39

Disclosed are systems, methods and computer program products for managing deposit accounts. A computer-based system allocates depositor funds among a plurality of FDIC-insured deposit accounts held in a plurality of deposit institutions, such as savings banks. The system establishes a deposit limit for each deposit institution to ensure that accounts always remains under the FDIC insurance limit and stabilizes the deposit base by facilitating movement of funds to and from participating deposit institutions through a trust account at a custodian institution. The system also automatically reconciles all balances and account activity on a daily basis to assure proper allocation of interest payments and bank fees. The system also performs a fully automated daily allocation process which provides detailed instruction to the custodian institution for the execution of cash allocation among the plurality of deposit institutions to ensure that all deposit accounts always remains under the FDIC insurance limit.

2013015, Jun 20, 2013

Nov 23, 2012

13/684465

Joshua S. Siegel - New York NY, US

G06Q 40/00

705 30

Disclosed are systems, methods and computer program products for managing deposit accounts. A computer-based account management system allocates depositor funds among a plurality of FDIC-insured deposit accounts held in a plurality of deposit institutions, such as savings banks. The deposit accounts are preferably non-interest-bearing transaction accounts typically used for payroll and other operating expenses. The account management system establishes a deposit limit for each deposit institution to ensure that an individual's deposits at any deposit institution remains below the FDIC insurance limit. The system also stabilizes the deposit base by facilitating movement of funds to and from participating deposit institutions. The system automatically reconciles all balances and account activity on a daily basis and performs an automated daily allocation process to allocate deposits among the participating deposit institutions. The allocation process is performed in an unbiased manner using an equal, random, pro rata or first-come, first-served allocation.