Collateralized equity and debt obligation financial product

Details Collateralized equity and debt obligation financial product Collateralized equity and debt obligation financial product

2011-04-05

2011-04-05

Patel, Jagdish N (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S037000

Reexamination Certificate

active

07921049

ABSTRACT:
A financial product is created by receiving funds from investors to purchase collateral, such as stock or bonds, in companies to populate an insurance portfolio and a risk portfolio. Notes backed by the collateral are issued to the investors and pay a coupon amount based on the performance of the collateral. The collateral is monitored over time to determine whether distressed equity events occur which coincide with the collateral value falling below a predetermined amount of its original share price. The number of distressed equity events between companies in the insurance portfolio and risk portfolio offset each other to give a total number of net hits. Subsequently, the total number of net hits is used to calculate an impact on the amount of the coupon pay-out to the investors.

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