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Method for effecting chattel paper transactions

  • US 20020156711A1
  • Filed: 07/24/2001
  • Published: 10/24/2002
  • Est. Priority Date: 07/24/2001
  • Status: Abandoned Application
First Claim
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1. A method for processing a portfolio of chattel paper comprising:

  • (i). transferring said chattel paper portfolio from an originator to a trust;

    (ii). issuing a note from the trust to one of the originator or its SPE in exchange for the portfolio of chattel paper; and

    (iii). selling said note to a purchaser.

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