Patent №
US 7,797,225
Granted
2010-09-14
Filed 2007
Owner
UBS AG
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
11758977
Embodiments of systems and methods relate to the issuing, servicing, and redeeming of investment notes that are linked to the performance of a single commodity or basket of commodities and are compliant with and tradable under Sharia principles. An exemplary method for administering an investment note compliant with Sharia principles involves establishing an agency contract between an agent and a trustee wherein the agent acts on behalf of the trustee and the trustee acts on behalf of the investor, establishing a unilateral purchase agreement between the agent and the issuer under which the issuer promises to buy commodities from the agent, and purchasing, by the agent, a commodity such that the agent holds title to the commodity on behalf of the trustee.
AI classification
Ownership
UBS AG
assignment · 203870506
Assignors
KEMP, DAVID, ZAINUDDIN, IDAYU
On an employer assignment, the assignors are typically the inventors.