Method of structuring a credit entailing a fixed payment...

Details Method of structuring a credit entailing a fixed payment... Method of structuring a credit entailing a fixed payment...

2007-07-17

2007-07-17

Chilcot, Jr., Richard E. (Department: 3692)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

09919456

ABSTRACT:
In one embodiment a method of structuring a municipal bond issued by a credit issuer to a credit holder, comprising requiring the credit issuer to pay to the credit holder a fixed payment component; and requiring the credit issuer to pay to the credit holder a variable payment component that varies based on changes in a value of an ownership value characteristic which is associated with the municipal bond and wherein the ownership characteristic is selected from the group including: a) a general interest rate level; b) an exemption from a state tax; c) an exemption from a federal tax; d) a marginal state tax rate; e) a marginal federal tax rate; f) a credit rating of the credit issuer; g) a credit variation associated with a credit enhancer; h) a credit variation associated with a liquidity provider; and i) a supply/demand level for municipal bonds.

REFERENCES:
patent: 5966700 (1999-10-01), Gould et al.
patent: 6052673 (2000-04-01), Leon et al.
patent: 2002/0184129 (2002-12-01), Arena et al.
Kuntz, E.F. Poor Market Spurs New Approaches. Pensions & Investment Age. Chicago: Apr. 16, 1984. vol. 12, Iss. 8. (8 pages).

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