Systems and methods for issuing securities on tax-exempt...

Details Systems and methods for issuing securities on tax-exempt... Systems and methods for issuing securities on tax-exempt...

2011-08-30

2011-08-30

Kramer, James A (Department: 3693)

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

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T, C705S03600T

Reexamination Certificate

active

08010439

ABSTRACT:
Disclosed are systems and methods for processing financial information such that securities backed by tax-exempt bonds may be issued. In one embodiment, the method includes establishing a senior class of securities, such that the senior class of securities includes a guarantee feature; establishing a junior class of securities, such that the junior class of securities serves as collateral for the senior class of securities; and issuing the senior and junior classes of securities, such that the junior and senior classes of securities are backed by assets of a single trust.

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