Patents by Inventor Laura S. Melman

Laura S. Melman has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20210398214
    Abstract: A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received.
    Type: Application
    Filed: August 27, 2021
    Publication date: December 23, 2021
    Inventors: Jonathan S. SPIRGEL, Laura S. MELMAN
  • Publication number: 20210217087
    Abstract: A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received.
    Type: Application
    Filed: March 26, 2021
    Publication date: July 15, 2021
    Inventors: Jonathan S. SPIRGEL, Laura S. MELMAN
  • Publication number: 20190347735
    Abstract: In certain embodiments, generation and use of multi-value-type instrument for an exchange may be facilitated. In some embodiments, two or more first currencies may be determined. A second currency with which the exchange operates may be determined. An instrument tradeable on the exchange may be generated such that (i) an asset value of the instrument is denominated in the two or more first currencies, (ii) a trading value of the instrument is denominated in the second currency, and (iii) the trading value fluctuates in response to changes in values of the two or more first currencies. The instrument may be provided the instrument through the exchange via an electronic data network.
    Type: Application
    Filed: July 23, 2019
    Publication date: November 14, 2019
    Inventors: Jonathan S. SPIRGEL, Laura S. MELMAN
  • Publication number: 20140052602
    Abstract: A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received.
    Type: Application
    Filed: October 21, 2013
    Publication date: February 20, 2014
    Applicant: THE BANK OF NEW YORK MELLON
    Inventors: Jonathan S. SPIRGEL, Laura S. MELMAN
  • Patent number: 8595109
    Abstract: A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received.
    Type: Grant
    Filed: November 20, 2012
    Date of Patent: November 26, 2013
    Assignee: The Bank of New York Mellon
    Inventors: Jonathan S. Spirgel, Laura S. Melman
  • Patent number: 8332292
    Abstract: Systems and methods for providing a tradable (e.g., exchange-listed) instrument by securitizing foreign currency using a foreign currency trust or other special-purpose vehicle that is established to hold one or more particular foreign currency and to issue foreign currency trust shares and/or receipts corresponding to the value of the foreign currency(s) held by the Trust. The foreign currency trust shares may represent a proportional interest in the Trust and/or the foreign currency held by the trust. The Trust may include one or more Trust accounts to receive and store the foreign currency deposited with the Trust. The Trust can operate to receive an investment amount in a first currency and provide shares or Trust receipts having a value in a second currency. The shares or receipts of the trust can be listed, quoted, and traded on a trading system.
    Type: Grant
    Filed: September 28, 2005
    Date of Patent: December 11, 2012
    Assignee: The Bank of New York Mellon Corporation
    Inventors: Jonathan S Spirgel, Laura S Melman
  • Patent number: 8326720
    Abstract: A system and method for providing a tradable (e.g., exchange-listed) instrument by securitizing a commodity using a commodity trust or other special-purpose vehicle that is established to hold one or more physical commodities and to issue commodity trust shares and/or receipts corresponding to the value of the physical commodity held by the Trust. The commodity trust shares may represent a proportional interest in the Trust and/or the physical commodity held by the trust, e.g., precious metals such as gold, or base metals such as copper. The Trust may include one or more Trust accounts to receive and store the physical commodity deposited with the Trust. The shares or receipts of the trust can be listed, quoted, and traded on a trading system, e.g., an Electronics Communication Network (ECN), and may be traded as Exchange Traded Fund (ETF) shares on a securities exchange.
    Type: Grant
    Filed: August 4, 2011
    Date of Patent: December 4, 2012
    Assignee: The Bank of New York Mellon
    Inventors: Jonathan S. Spirgel, Laura S. Melman
  • Patent number: 8234190
    Abstract: A commodity trust is provided by a Trustee for a particular commodity. Commodity shares are backed by the Trustee's custody of the actual commodity. For example, commodity shares are created and issued when a trust participant deposits an amount of the commodity with the Trustee or a custodian acting on behalf of the Trustee. After confirmation of the receipt of the commodity, an amount of commodity shares is issued by the Trustee, which is equal in value to the value of the commodity.
    Type: Grant
    Filed: October 6, 2003
    Date of Patent: July 31, 2012
    Assignee: The Bank of New York Mellon
    Inventors: Jonathan S. Spirgel, Laura S. Melman
  • Publication number: 20120011049
    Abstract: A system and method for providing a tradable (e.g., exchange-listed) instrument by securitizing a commodity using a commodity trust or other special-purpose vehicle that is established to hold one or more physical commodities and to issue commodity trust shares and/or receipts corresponding to the value of the physical commodity held by the Trust. The commodity trust shares may represent a proportional interest in the Trust and/or the physical commodity held by the trust, e.g., precious metals such as gold, or base metals such as copper. The Trust may include one or more Trust accounts to receive and store the physical commodity deposited with the Trust. The shares or receipts of the trust can be listed, quoted, and traded on a trading system, e.g., an Electronics Communication Network (ECN), and may be traded as Exchange Traded Fund (ETF) shares on a securities exchange.
    Type: Application
    Filed: August 4, 2011
    Publication date: January 12, 2012
    Applicant: THE BANK OF NEW YORK MELLON CORPORATION
    Inventors: Jonathan S. SPIRGEL, Laura S. MELMAN