Bi-currency debt contract system and procedure
First Claim
1. A bi-currency debt contract system for making stable currency debts for use in secondary economies, said bi-currency debt contract system comprising:
- a) a debt issuer entity having access to at least one stable currency, b) a debtor entity having use for debt proceeds in a secondary economy, c) a first interest rate at least partially determined from a commonly available debt interest rate database of the stable currency, d) a second interest rate at least partially determined from a commonly available interest rate database of a local currency of the secondary economy, e) an agreement for a debt between said debtor and debt issuer entities at said first interest rate, said debt payable in the stable currency, and f) a processor assembly structured to generate an amortization schedule, said amortization schedule comprising a first debt service obligation payable at said second interest rate and a second debt service obligation payable at said first interest rate.
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Accused Products
Abstract
A bi-currency debt contract system for making secure debts and including guidelines and an associated procedure particularly adaptable for issuing debt of a hard or stabilized currency, such as but not limited to US dollars, to a debtor entity which utilizes the debt proceeds in a secondary economy historically characterized by unstable monetary conditions. A debt issuer entity makes a stable currency debt at a first interest rate, based on a currently available debt rate of the stable currency. An amortization schedule to satisfy the loan is established and is characterized by a portion of the debt being paid at a second interest rate commonly associated with the debt rate of the local currency of the secondary economy, which is significantly greater than the first interest rate. A remainder or second portion of the debt is amortized at the first interest rate on which the debt was also based. A reserve fund is established and retained to facilitate payment or satisfaction of the debt in the event of instability of the secondary economy and/or the inability of the debtor entity to amortize the debt in accordance with the pre-established amortization schedule. The reserve fund is derived from the difference between the higher amortization payment, made at the second interest, and the amount of the lesser payment amortized at the lower first interest rate, at which the debt was actually established.
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Citations
40 Claims
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1. A bi-currency debt contract system for making stable currency debts for use in secondary economies, said bi-currency debt contract system comprising:
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a) a debt issuer entity having access to at least one stable currency, b) a debtor entity having use for debt proceeds in a secondary economy, c) a first interest rate at least partially determined from a commonly available debt interest rate database of the stable currency, d) a second interest rate at least partially determined from a commonly available interest rate database of a local currency of the secondary economy, e) an agreement for a debt between said debtor and debt issuer entities at said first interest rate, said debt payable in the stable currency, and f) a processor assembly structured to generate an amortization schedule, said amortization schedule comprising a first debt service obligation payable at said second interest rate and a second debt service obligation payable at said first interest rate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A bi-currency debt contract system for making a stable currency debt for use in a secondary economy, said bi-currency debt contract system comprising:
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a) a debt issuer entity having access to a stable currency, b) a debtor entity having use for debt proceeds in a secondary economy, c) a first interest rate at least partially determined from an available debt interest rate database of the stable currency, d) a second interest rate at least partially determined by from an available interest rate database of a local currency within the secondary economy, e) an agreement for a debt between said debt issuer and debtor entities at said first interest rate, said debt payable to and satisfied by said debtor entity in said stable currency, f) a processor assembly structured to generate an amortization schedule to satisfy said debt, said amortization schedule comprising a first debt service obligation payable at said second interest rate and a second debt service obligation payable at said first interest rate, and g) a reserve fund sufficient in amount to facilitate payment of at least a portion of said amortization schedule in the event of instability of said secondary economy. - View Dependent Claims (23, 24, 25, 26, 27)
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28. A procedure for issuing a secure, stable currency debt for use in a secondary economy, said procedure comprising:
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a) establishing a first interest rate at least partially based on an available debt interest rate database of a predetermined stable currency, b) establishing a second interest rate at least partially based on an available debt interest rate database of a local currency of a secondary economy, c) making a debt in the stable currency between a debt issuer entity and a debtor entity at the first interest rate, d) establishing a processor generated amortization schedule and amortizing at least a portion of the debt at the second interest rate and another portion of the debt at the first interest rate in accord with the processor generated amortization schedule, and e) creating a reserve fund derived from the difference in the amortization of the debt at the second interest rate and the first interest rate. - View Dependent Claims (29, 30, 31, 32, 33, 34, 35, 36, 37)
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38. A procedure for making a secure debt comprising:
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a) establishing a first interest rate at least partially based on an available first debt interest rate database, b) establishing a second interest rate which is greater than the first interest rate based on an available second debt interest rate database, c) making a debt between a debt issuer entity and a debtor entity at the first interest rate, d) establishing a processor generated amortization schedule and amortizing at least a majority of the debt at the second interest rate in accord with the processor generated amortization schedule, e) creating a reserve fund derived from the difference in amortization of the debt at the second interest rate and at the first interest rate, and f) establishing the reserve fund in a predetermined sufficient amount to facilitate satisfaction of the debt. - View Dependent Claims (39, 40)
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Specification