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Method for creating and marketing a modifiable debt product

  • US 20090132428A1
  • Filed: 11/15/2005
  • Published: 05/21/2009
  • Est. Priority Date: 11/15/2004
  • Status: Abandoned Application
First Claim
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1. A computer implemented method of creating and marketing a modifiable debt product having a coupon wherein a debtor has the ability to change the type of the coupon comprising the steps of:

  • issuing one or more modifiable debt instruments of the debtor that provide a moditiable coupon that the debtor can modify after the issuing of the debt instruments;

    forming a special purpose entity which holds the modifiable debt instruments;

    creating beneficial interests in the special purpose entity that pay a fixed coupon type;

    obtaining for the special purpose entity a swap of the modifiable coupon for the fixed coupon type; and

    marketing the beneficial interests to investors.

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